Emir Ersahin – CRU
Presentation Title:
Metallic Wire and Cable: Recession Risk vs. Green Energy Transition
Presentation Time: 2:15pm
"Emir is an analyst in CRU's Wire and Cable team and works across the full portfolio of products analysing key trends and developments in both the metallic wire and cable, and optical fibre industries, primarily focusing on EMEA region.
Emir joined CRU in early 2021 as an intern and then joined the Wire and Cable team as analyst in 2022. At CRU, Emir works in multitude of different products such as Wire & Cable Outlook, Optical Fibre Monitor and HV and EHV Cables Market Outlook.
He holds an BA in International Development from Kings College London. Emir is located in CRU’s London office"
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When it comes to green energy, energy security has superseded decarbonization as a priority goal. This had a positive impact on EV and Renewables markets, as the push for energy transition has become stronger than ever. Both EVs and Renewables consume large quantities of cables. EVs consume large quantities of winding wires and low voltage energy cables. They also require an extensive grid network to be operational in mass scale. This means that they support cable demand growth both directly and indirectly. Currently EV consumption is going strong globally.
Renewable capacity installation, very much like EV consumption, is going strong. Due to this, on particular HV and EHV cable demand is projected to experience a strong grow at a 11.7% CAGR between 2022 and 2029. Subsea cables which are mainly used in offshore wind and interconnector applications will grow at above 25% CAGR over the same time horizon.