The global cable accessories market reached a value of US$ 50.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 73.7 Billion by 2027, exhibiting at a CAGR of 6.3% during 2022-2027.
Connectors, cable joints, heat shrinks, and terminators are examples of cable accessories that are frequently used as vital components in power cable networks. Power cables are commonly used in telephone, power, and internet transmission and distribution networks. They’re also used for power distribution in individual residential neighborhoods and small commercial settings, as well as across movable substation facilities set up during construction. Cable attachments are specifically intended to connect these cables and keep conductors from coming into direct contact with the ground.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request for a sample copy of this report: https://www.imarcgroup.com/cable-accessories-market/requestsample
The market is primarily driven by a significant increase in worldwide electricity consumption. This can be linked to fast industrialization and the growing popularity of consumer electronics among the general public, particularly in developing economies. Furthermore, rising energy demands have resulted in higher adoption rates of smart grid technology. As a result, several governments have made significant expenditures in the rehabilitation of existing grid infrastructure, adding to market growth. Another major growth-inducing element is the predicted increase in demand for new transmission lines, which is likely to enhance sales of cable accessories.In addition, a growing public preference for the widespread use of renewable energy sources is propelling the market forward. Other factors, such as players’ substantial research and development (R&D) operations to launch enhanced and durable cable accessories, are contributing to the market’s favorable outlook.
Browse full report with complete TOC: https://www.imarcgroup.com/cable-accessories-market
The report has segmented on the basis of Voltage, Installation, end-use and geography.
Market Segmentation by Voltage:
1.Low Voltage Cable Accessories
2. Medium Voltage Cable Accessories
3. High Voltage Cable Accessories
Market Segmentation by Installation:
1. Overhead Cable Accessories
2. Underground Accessories
Market Breakup by End-User:
Market Segmentation by Region:
5.Middle East and Africa
Browse related reports:
Cable Accessories Market Share: https://www.imarcgroup.com/cable-accessories-market
Ball Bearing Market Share: https://www.imarcgroup.com/ball-bearing-market
Miniature Ball Bearing Market Share: https://www.imarcgroup.com/miniature-ball-bearing-market
Motor Repair and Maintenance Market Share: https://www.imarcgroup.com/motor-repair-maintenance-market
Gas Insulated Switchgear Market Share: https://www.imarcgroup.com/gas-insulated-switchgear-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St
Sheridan, WY 82801
Follow us on twitter: @imarcglobal