The Global Cables and Accessories Market is expected to reach $220.70 billion by 2028 growing at a CAGR of 5.7% from 2021 to 2028. 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. Cables and accessories are a mandate in most industrial applications to ensure high productivity and avoid financial losses. This has led to the development of efficacious cable lugs.
Factors such as rise in renewable energy generation, growing government initiatives to upgrade transmission and distribution systems, and increasing adoption of smart grid technology are driving the growth of the market. However, underground market providing low-quality products and volatile prices of raw materials are restraining the growth of the market.
Based on voltage, the medium voltage segment is going to have a lucrative growth during the forecast period which can be attributed to their prolific applications in supplying temporary power and in medium voltage switchgear. The concept of medium voltage was only introduced as the level of voltages increased and the need arose for a greater classification range, which now often includes extra low and extra high voltage. Medium-voltage cables are commonly used in mobile substation equipment, for distribution of power in industrial settings and in mining to supply power to drills, shovels, haulers, etc. Perhaps the biggest difference between low- and medium-voltage cables is their construction. Most medium-voltage designs offer extra protection to prevent the build-up of potential charges anywhere along the cable.
The key vendors mentioned are ABB, Brugg Group, Dubai Cable, Elsewedy, Furukawa, General Cable, Kabelwerke, LS Cable, Nexans, NKT Cables, Prysmian, Southwire, Sumitomo, Taihan Electric Wire Company Ltd, and Tele-Fonika.
Power Ranges Covered:
• Overhead Cables & Accessories
• Submarine Cables & Accessories
• Underground Cables & Accessories
Voltages Covered:
• Low Voltage
• Medium Voltage
• High Voltage
End Users Covered:
• Industrial
• Infrastructure
• Renewable
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cables and Accessories Market, By Power Range
5.1 Introduction
5.2 Overhead Cables & Accessories
5.3 Submarine Cables & Accessories
5.4 Underground Cables & Accessories
6 Global Cables and Accessories Market, By Voltage
6.1 Introduction
6.2 Low Voltage
6.3 Medium Voltage
6.4 High Voltage
7 Global Cables and Accessories Market, By End User
7.1 Introduction
7.2 Industrial
7.3 Infrastructure
7.4 Renewable
8 Global Cables and Accessories Market, By Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 South America
8.6 Middle East & Africa
9 Strategic Benchmarking
10 Vendors Landscape
10.1 ABB
10.2 Brugg Group
10.3 Dubai Cable
10.4 Elsewedy
10.5 Furukawa
10.6 General Cable
10.7 Kabelwerke
10.8 LS Cable
10.9 Nexans
10.10 NKT Cables
10.11 Prysmian
10.12 Southwire
10.13 Sumitomo
10.14 Taihan Electric Wire Company Ltd
10.15 Tele-Fonika
List of Data Tables
1 Global Cables and Accessories Market Outlook, By Region (2020-2028) ($MN)
2 Global Cables and Accessories Market Outlook, By Power Range (2020-2028) ($MN)
3 Global Cables and Accessories Market Outlook, By Overhead Cables & Accessories (2020-2028) ($MN)
4 Global Cables and Accessories Market Outlook, By Submarine Cables & Accessories (2020-2028) ($MN)
5 Global Cables and Accessories Market Outlook, By Underground Cables & Accessories (2020-2028) ($MN)
6 Global Cables and Accessories Market Outlook, By Voltage (2020-2028) ($MN)
7 Global Cables and Accessories Market Outlook, By Low Voltage (2020-2028) ($MN)
8 Global Cables and Accessories Market Outlook, By Medium Voltage (2020-2028) ($MN)
9 Global Cables and Accessories Market Outlook, By High Voltage (2020-2028) ($MN)
10 Global Cables and Accessories Market Outlook, By End User (2020-2028) ($MN)
11 Global Cables and Accessories Market Outlook, By Industrial (2020-2028) ($MN)
12 Global Cables and Accessories Market Outlook, By Infrastructure (2020-2028) ($MN)
13 Global Cables and Accessories Market Outlook, By Renewable (2020-2028) ($MN)
14 North America Cables and Accessories Market Outlook, By Power Range (2020-2028) ($MN)
15 North America Cables and Accessories Market Outlook, By Voltage (2020-2028) ($MN)
16 North America Cables and Accessories Market Outlook, By End User (2020-2028) ($MN)
17 Europe Cables and Accessories Market Outlook, By Power Range (2020-2028) ($MN)
18 Europe Cables and Accessories Market Outlook, By Voltage (2020-2028) ($MN)
19 Europe Cables and Accessories Market Outlook, By End User (2020-2028) ($MN)
20 Asia Pacific Cables and Accessories Market Outlook, By Power Range (2020-2028) ($MN)
21 Asia Pacific Cables and Accessories Market Outlook, By Voltage (2020-2028) ($MN)
22 Asia Pacific Cables and Accessories Market Outlook, By End User (2020-2028) ($MN)
23 South America Cables and Accessories Market Outlook, By Power Range (2020-2028) ($MN)
24 South America Cables and Accessories Market Outlook, By Voltage (2020-2028) ($MN)
25 South America Cables and Accessories Market Outlook, By End User (2020-2028) ($MN)
26 Middle East & Africa Cables and Accessories Market Outlook, By Power Range (2020-2028) ($MN)
27 Middle East & Africa Cables and Accessories Market Outlook, By Voltage (2020-2028) ($MN)
28 Middle East & Africa Cables and Accessories Market Outlook, By End User (2020-2028) ($MN)