BUSINESS: Outlook On The Cable Accessories Global Market To 2030 – Opportunity Analysis And Industry Forecasts – ResearchAndMarkets.com

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By Daniel Webster, dWeb.News Publisher

DUBLIN–(BUSINESS WIRE)–The “Cable Accessories Market by Voltage, Installation and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.

The global cable accessories market was valued at $49.5 billion in 2020, and is projected to reach $99.3 billion by 2030, growing at a CAGR of 7.2% from 2021 to 2030.

These components are used to strengthen power cable and prevent them from deterioration. Cable accessories include cable glands and plugs & connectors as well as cable tools, cable conduits, cable ties, cables terminals, and cable conduit. These accessories can be used for power generation, transmission and distribution, railways construction, data centers, building & construction, and other applications. Cable accessories offer many benefits to cable infrastructure, including high insulation strength and protection against wear & tear as well as longer life expectancy, reliability, and other features. The global cable accessories market is growing significantly due to the rapid industrialization and urbanization. The market is forecast to grow due to the rising demand for accessories from power generating stations, transmission & delivery network, building and construction, and other sources. The market’s growth will be impeded by the potential for variations in cable stretching and extreme environmental conditions. However, key market players will see growth opportunities due to increased investments in R&D to improve the quality of their accessories.

Cable accessories are segmented based on voltage, installation, end users, and location. The market can be divided according to voltage into three groups: low, medium and high. It is divided into underground and overhead depending on the method of installation. It is divided into two types based on the end user: industrial and renewables. It is divided into four regions: North America, Europe and Asia-Pacific.

Key Benefits

The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.

This report provides a comprehensive analysis of factors that are driving and limiting the growth of global cable accessories markets.

Porter’s five forces model shows the power of buyers and sellers. This model is expected to help market players adopt effective strategies.

Forecasts and estimates are based upon factors that will impact the growth of global cable accessories market value.

Profiles of key market players are provided to help you understand their strategies.
This report provides a detailed analysis of the current global cable accessories market trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.

Market Dynamics

Drivers

Rapid industrialization & urbanization
Rapid development and investment in the renewable energy sector

Restraints

Failure of cable accessories and volatile prices of raw materials

Opportunity

Increase in investment on electrification of remote & rural area and rapid growth of the electric vehicle sector

Companies Profiled

ABB, Ltd.
Dubai Cable Company
Elsewedy Electric
Furukawa Electric Co., Ltd.
LS Cable & System Ltd.
Nexans S. A.
NKT A/S
Prysmian Group
Sumitomo Electric Industries, Ltd.
Tele-Fonika Kable Group

For more information about this report visit https://www.researchandmarkets.com/r/3u38g2

More dWeb.News Business News at https://dweb.news/category/dweb-news/section-b-business-news/

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