Pune, April 21, 2023 (GLOBE NEWSWIRE) -- A global Electronics research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Cable Joints Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Cable Joints Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects, the market to grow from USD 16.7 Bn in 2022 to USD 25.28 Bn in 2029 at a CAGR of 6.1 percent.
Cable Joints Market Report Scope and Research Methodology
| Market Size in 2022 | USD 16.7 Bn |
| Market Size in 2029 | USD 25.28 Bn |
| CAGR | 6.1 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Type, Voltage and Industry Vertical |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report includes growth hubs, opportunities, restraints and regional insights in major geographic regions such as North America, Asia Pacific, Middle East and Africa, Europe and South America. The report includes detailed analysis of market size, product penetration, new market trends and share of the market held by Cable Joints Market Key players. The report provides data regarding recent developments, partnerships and collaborations happening in the market. The report includes in-depth analysis of the market through segments such as type, voltage and industry vertical along with their multiple sub-segments. The bottom-up approach was used to estimate the size of the market by value and volume. Primary and secondary research methods were used to collect data. Primary research was conducted based on interviews with market leaders and opinions from senior research analysts. Whereas, data from annual reports, public records and white papers from organizations were collected in secondary. Collected data was later analyzed by tools such as SWOT analysis and PORTER’s five force model.
Cable Joints Market Overview
Cable Joints are used to connect low, medium and high-voltage cables. The basic role of cable joints is to maintain the continuity of electrical cables over long distances. Increasing industrialization and penetration of IT&ITES worldwide have been creating lucrative opportunities for cable joint manufacturers. The report has analyzed the total market opportunity for cable joints by end-user segment by country. At the same time, the report has focused on the contribution of local players in the market versus big consolidated players.
Cable Joints Market Dynamics
The growing adoption of renewable energy sources and their deployment is expected to drive the Cable Joints Market. Cable joints provide dependable electrical connection, mechanical support and physical safeguarding of cables. Smart cable joints are more useful as compared to normal cable joints since they have quick response and turnaround time, less maintenance and high efficiency. These factors are expected to drive the Cable Joints Market. The Cable Joints Market is also driven by government initiatives to upgrade the transmission and distribution systems and growing urbanization and industrialization in developing economies are expected to drive the market across the world. The need for electricity penetration with fewer failures in rural areas of the world is expected to drive the Cable Joints Market.
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Cable Joints Market Regional Insights
North America held the largest share of the market in 2022 and is expected to dominate the market throughout the forecast period. The growing use of renewable energy sources are creating lucrative opportunities for local Cable Joints’ key manufacturers, which is expected to drive the North America Cable Joints Market.
Asia Pacific and the Middle East and Africa are also expected to grow significantly during the forecast period in Cable Joints Market. The growing manufacturing and automobile industry in developing economies such as China and India are expected to propel growth in the region.
Cable Joints Market Segmentation
By Type:
- Indoor
- Outdoor
By Voltage:
- High Voltage
- Low Voltage
- Medium Voltage
By Industry Vertical:
- Industrial
- Aerospace and defence
- Oil and gas
- Energy and Power
- IT and Telecommunication
- Others
Based on Voltage, the high voltage segment held the largest share of the Cable Joints Market in 2022. The growing electricity generation and consumption due to growth in the manufacturing industry of all sectors are expected to drive the segment to hold the largest share. Based on Industry Vertical, the energy and power segment dominates the Cable Joints Market since the increased infrastructure and the need to provide power in remote areas are driving the segment to grow in Cable Joints Market.
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Cable Joints Market Key Competitors include:
- Nexans S.A.
- TE Connectivity Ltd.
- Fujikura
- Prysmian Group (General Cable)
- ABB Ltd
- Yamuna Power & Infrastructure Ltd
- Cable Jointer Solutions
- Connect Cable Accessories Co., Ltd.
- Prysmian Group
- CommScope
- Belden
- SAB
- 3M
- NKT
Key questions answered in the Cable Joints Market are:
- What is Cable Joints Market?
- What was the Cable Joints Market size in 2021?
- What is the expected Cable Joints Market size during the forecast period?
- What are the global trends in the Cable Joints Market?
- What are the major restraints for the Cable Joints Market?
- Which segment dominated the Cable Joints Market growth?
- What is the demand pattern for the Cable Joints Market?
- What growth strategies are the players considering to increase their presence in Cable Joints Market?
- What are the upcoming industry applications and trends for the Cable Joints Market?
- Who are the leading companies and what are their portfolios in Cable Joints Market?
- Which region dominates the largest market share in Cable Joints Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by Type, Voltage and Industry Vertical
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
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Insulated Wire and Cable Market - The market size is expected to reach USD 283.50 Bn by 2029 at a CAGR of 5.1 percent during the forecast period. The market is expected to be driven by increased investments in high-capacity network infrastructure and wired broadband technologies.
Cable Lugs Market - The market size is expected to reach USD 9.37 Bn by 2029 at a CAGR of 6.75 percent during the forecast period. The market is expected to be driven by the growing need for low-voltage and medium-voltage electrical systems in the construction and automotive industries.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
