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Report overview
The global Cable Accessories market was valued at US$ 41710 million in 2022 and is projected to reach US$ 55870 million by 2029, at a CAGR of 4.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Cable Accessories, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cable Accessories. This report contains market size and forecasts of Cable Accessories in global, including the following market information:
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Cable Accessories manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cable Accessories Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Cable Accessories Market Segment Percentages, by Type, 2022 (%)
Global Cable Accessories Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Cable Accessories Market Segment Percentages, by Application, 2022 (%)
Global Cable Accessories Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Cable Accessories Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cable Accessories revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Cable Accessories revenues share in global market, 2022 (%)
Key companies Cable Accessories sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Cable Accessories sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: