Dublin, Feb. 03, 2022 (GLOBE NEWSWIRE) -- The "Cable Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global cable accessories market reached a value of US$ 50.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 73.7 Billion by 2027, exhibiting a CAGR of 6.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor
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
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global cable accessories market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end user, voltage and installation
Breakup by End User:
- Industrial
- Renewables
Breakup by Voltage:
- Low Voltage
- Medium Voltage
- High Voltage
Low voltage cable accessories currently exhibit a clear dominance in the market
Breakup by Installation:
- Overhead
- Underground
At present, overhead cable accessories account for majority of the total global market
Regional Insights:
- Asia Pacific
- Europe
- North America
- Latin America
- 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
Competitive Landscape:
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:
- Nexans SA
- The Prysmian Group
- ABB Group
- NKT A/S
- Taihan Electric Wire Company Ltd
Key Question Answered in this Report
1. What was the size of the global cable accessories market in 2021?
2. What is the expected growth rate of the global cable accessories market during 2022-2027?
3. What are the key factors driving the global cable accessories market?
4. What has been the impact of COVID-19 on the global cable accessories market?
5. What is the breakup of the global cable accessories market based on the voltage?
6. What is the breakup of the global cable accessories market based on the installation?
7. What are the major regions in the global cable accessories market?
8. Who are the key players/companies in the global cable accessories market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cable Accessories Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Voltage
5.5 Market Breakup by Installation
5.6 Market Breakup by End-User
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Overview
5.10.2 Research and Development
5.10.3 Raw Material Procurement
5.10.4 Manufacturing
5.10.5 Marketing
5.10.6 Distribution
5.10.7 End-Use
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
6 Market Breakup by Voltage
6.1 Low Voltage Cable Accessories
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Medium Voltage Cable Accessories
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 High Voltage Cable Accessories
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Installation
7.1 Overhead Cable Accessories
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Underground Accessories
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End-User
8.1 Industrial
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Renewables
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
10 Cable Accessories Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Nexans SA
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.1.5 SWOT Analysis
11.3.2 The Prysmian Group
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.2.5 SWOT Analysis
11.3.3 ABB Group
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.3.4 SWOT Analysis
11.3.4 NKT A/S
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.4.4 Financials
11.3.4.5 SWOT Analysis
11.3.5 Taihan Electric Wire Company Ltd.
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
11.3.5.4 Financials
11.3.5.5 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/vuzeql
