The global cable accessories market reached a value of US$ 47.1 Billion in 2020. Cable accessories are designed for connecting cables and insulating conductors from direct contact with the earth. They help in strengthening cables, enhancing their durability and protecting them from degradation as well as erosion caused by ultraviolet (UV) light, environmental stress and other mediums. This aids in providing a reliable service for longer operating life in underground and overhead installations. Owing to these benefits, cable accessories are widely utilized in establishing the transmission and distribution (T&D) networks for electricity, telephone and internet systems.
Owing to industrialization, rapid urbanization, rising global population and increasing utilization of consumer electronics, there is a significant rise in the consumption of power across the globe. This, along with the rising adoption rates of smart grid technology in various countries, is impelling the global cable accessories market growth. Apart from this, governments in numerous countries are focusing on upgrading the existing grid infrastructure by utilizing new transmission lines. They are also setting up several unconventional energy power plants on account of growing environmental consciousness. Furthermore, some of the leading manufacturers in the industry are significantly investing in research and development (R&D) activities to improve the quality of cable accessories and ensure longer service life. Looking forward, IMARC Group expects the global cable accessories market to exhibit moderate growth during the next five years.
Breakup by End User:
Breakup by Voltage:
Low voltage cable accessories currently exhibit a clear dominance in the market.
Breakup by Installation:
At present, overhead cable accessories account for the majority of the total market share.
Middle East and Africa
Asia Pacific currently represents the largest market, on account of rapid urbanization and industrialization, along with the government initiatives undertaken in various countries.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
The Prysmian Group
Taihan Electric Wire Company Ltd.
Key questions answered in this report:
How has the global cable accessories market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global cable accessories market?
Which are the popular voltage types in the industry?
What are the key installation segments in the industry?
What are the major end users in the industry?
What are the various stages in the value chain of the global cable accessories market?
What are the key driving factors and challenges in the global cable accessories market?
What are the import and export trends of the global cable accessories market?
What is the structure of the global cable accessories market and who are the key players?
What is the degree of competition in the global cable accessories market?
How are cable accessories manufactured?