Chinese Government Is Focusing On Increasing The National Working Gas Storage Capacity Propelling The Growth Of The Underground Facilities Maintenance Market
Growing adoption of underground facility maintenance for various applications such as stormwater management, drain management, and traffic management system is driving growth of the underground facilities maintenance market . Rising spending on infrastructure development by major economies is again increasing the deployment of underground facilities. For instance, according to The World Bank, The Eastern African Submarine Cable System (EASSY) is an underground fiber-optic cable that runs from South Africa to Sudan, allowing all countries along the route to connect to the global submarine cable system. Developed and owned by a consortium of about 25 telecommunication operators, mostly from eastern and southern Africa, the cable is expected to cost US$ 230 million. The Asia Pacific is expected to exhibit significant growth over the forecast period and this is attributed to the growing demand for natural gas in developing economies such as India and China. For instance, according to ...