Global Cable Accessories Market Growth 2023-2029

Global Cable Accessories Market Growth 2023-2029

A power cable is a combination of a single or multiple electrical conductors that are held together with a complete covering of insulator. These power cables are used to insulate it from the outer environment.

LPI (LP Information)' newest research report, the “Cable Accessories Industry Forecast” looks at past sales and reviews total world Cable Accessories sales in 2022, providing a comprehensive analysis by region and market sector of projected Cable Accessories sales for 2023 through 2029. With Cable Accessories sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cable Accessories industry.

This Insight Report provides a comprehensive analysis of the global Cable Accessories landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cable Accessories portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cable Accessories market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cable Accessories and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cable Accessories.

The global Cable Accessories market size is projected to grow from US$ 39660 million in 2022 to US$ 54410 million in 2029; it is expected to grow at a CAGR of 54410 from 2023 to 2029.

Global cable & accessories market is expected to grow at a sizable CAGR in the forecast period. Key drivers for this market are the burgeoning demand for renewable energy, rapid industrialization and urbanization, globally thriving HVDC projects, and government aids and initiatives to expand and upgrade the existing T&D infrastructure. Upsurge in power capacity on a world scale, offshore wind policies in developing countries, replacement of conventional grids by ‘Smart Grids’ and ugradation of infrastructure in emerging markets will open new avenues for this market on the forecast horizon. On the other hand, limited funds, complex planning and authorization of projects and the consequent delays in their implementation, steeply priced raw materials, and easily available inexpensive products in grey markets are challenging market growth. Shortage of technical expertise for employing HV projects is also hindering market growth.

This report presents a comprehensive overview, market shares, and growth opportunities of Cable Accessories market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Underground Cables and Accessories
Submarine Cables and Accessories
Overhead Cables and Accessories

Segmentation by application
Infrastructure
Renewables
Industries

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Nexans
NKT Cables
Prysmian

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cable Accessories market?

What factors are driving Cable Accessories market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cable Accessories market opportunities vary by end market size?

How does Cable Accessories break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.