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Global Cable Accessories Market to Grow at 6.3% During 2022-2027, Catalyzed by Significant Developments in Grid Infrastructure

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Cable Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cable accessories market size reached 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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. Owing to these benefits, cable accessories are widely utilized in establishing the transmission and distribution (T&D) networks for electricity, telephone and internet systems.

 

 
 

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Owing to industrialization, rapid urbanization, rising global population and increasing utilization of consumer electronics, there is a significant rise in the consumption of power across the globe. This, along with the rising adoption rates of smart grid technology in various countries, is impelling the global cable accessories market growth. Apart from this, governments in numerous countries are focusing on upgrading the existing grid infrastructure by utilizing new transmission lines. They are also setting up several unconventional energy power plants on account of growing environmental consciousness. Furthermore, some of the leading manufacturers in the industry are significantly investing in research and development (R&D) activities to improve the quality of cable accessories and ensure longer service life.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cable accessories market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end user, voltage and installation.

Breakup by End User:

 

 
 

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  • Industrial
  • Renewables
     

Breakup by Voltage:

  • Low Voltage
  • Medium Voltage
  • High Voltage
     

Low voltage cable accessories currently exhibit a clear dominance in the market.

Breakup by Installation:

  • Overhead
  • Underground
     

At present, overhead cable accessories account for majority of the total global market.

Regional Insights:

 

 
 

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  • Asia Pacific
  • Europe
  • North America
  • Latin America
  • Middle East and Africa
     

Asia Pacific currently represents the largest market, on account of rapid urbanization and industrialization, along with the government initiatives undertaken in various countries.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

  • Nexans SA
  • The Prysmian Group
  • ABB Group
  • NKT A/S
  • Taihan Electric Wire Company Ltd.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Voltage, Installation, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Nexans SA, The Prysmian Group, ABB Group, NKT A/S and Taihan Electric Wire Company Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Cable Accessories Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19 
    5.4    Market Breakup by Voltage 
    5.5    Market Breakup by Installation
    5.6    Market Breakup by End-User
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Marketing
        5.10.6    Distribution
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
6   Market Breakup by Voltage
    6.1    Low Voltage Cable Accessories
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Medium Voltage Cable Accessories
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    High Voltage Cable Accessories
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Installation
    7.1    Overhead Cable Accessories
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Underground Accessories
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by End-User
    8.1    Industrial
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Renewables
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    Asia Pacific
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Europe
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    North America
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Latin America
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Cable Accessories Manufacturing Process
    10.1    Product Overview
    10.2    Raw Material Requirements
    10.3    Manufacturing Process
    10.4    Key Success and Risk Factors
11  Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players
        11.3.1    Nexans SA
            11.3.1.1    Company Overview
            11.3.1.2    Description
            11.3.1.3    Product Portfolio
            11.3.1.4    Financials
            11.3.1.5    SWOT Analysis
        11.3.2    The Prysmian Group
            11.3.2.1    Company Overview
            11.3.2.2    Description
            11.3.2.3    Product Portfolio
            11.3.2.4    Financials
            11.3.2.5    SWOT Analysis
        11.3.3    ABB Group
            11.3.3.1    Company Overview
            11.3.3.2    Description
            11.3.3.3    Product Portfolio
            11.3.3.4    SWOT Analysis
        11.3.4    NKT A/S
            11.3.4.1    Company Overview
            11.3.4.2    Description
            11.3.4.3    Product Portfolio
            11.3.4.4    Financials
            11.3.4.5    SWOT Analysis
        11.3.5    Taihan Electric Wire Company Ltd.
            11.3.5.1    Company Overview
            11.3.5.2    Description
            11.3.5.3    Product Portfolio
            11.3.5.4    Financials
            11.3.5.5    SWOT Analysis

List of Figures

Figure 1: Global: Cable Accessories Market: Major Drivers and Challenges
Figure 2: Global: Cable Accessories Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cable Accessories Market: Breakup by Voltage (in %), 2021
Figure 4: Global: Cable Accessories Market: Breakup by Installation (in %), 2021
Figure 5: Global: Cable Accessories Market: Breakup by End-User (in %), 2021
Figure 6: Global: Cable Accessories Market: Breakup by Region (in %), 2021
Figure 7: Global: Cable Accessories Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Cable Accessories Industry: SWOT Analysis
Figure 9: Global: Cable Accessories Industry: Value Chain Analysis
Figure 10: Global: Cable Accessories Industry: Porter’s Five Forces Analysis
Figure 11: Global: Low Voltage Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Low Voltage Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Medium Voltage Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Medium Voltage Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: High Voltage Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: High Voltage Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Cable Accessories (Overhead) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Cable Accessories (Overhead) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Cable Accessories (Underground) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Cable Accessories (Underground) Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 21: Global: Cable Accessories (End-Use in Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Cable Accessories (End-Use in Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Cable Accessories (End-Use in Renewables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Cable Accessories (End-Use in Renewables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Asia Pacific: Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Asia Pacific: Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Europe: Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Europe: Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Latin America: Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Latin America: Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Middle East and Africa: Cable Accessories Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Middle East and Africa: Cable Accessories Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Cable Accessories Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Cable Accessories Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cable Accessories Market Forecast: Breakup by Voltage (in Million US$), 2022-2027
Table 3: Global: Cable Accessories Market Forecast: Breakup by Installation (in Million US$), 2022-2027
Table 4: Global: Cable Accessories Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 5: Global: Cable Accessories Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Cable Accessories Manufacturing: Raw Material Requirements
Table 7: Global: Cable Accessories Market: Competitive Structure
Table 8: Global: Cable Accessories Market: Key Players

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Key Questions Answered in This Report

The global cable accessories market was valued at US$ 50.5 Billion in 2021.

We expect the global cable accessories market to exhibit a CAGR of 6.3% during 2022-2027.

The rising adoption of smart grid technology leading to the upgradation of existing power infrastructures
with advanced cable accessories, represents one of the key factors driving the global cable accessories
market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary halt in numerous construction activities and
upgradations of power infrastructures, thereby limiting the demand for cable accessories.

Based on the voltage, the global cable accessories market has been classified into low voltage, medium
voltage, and high voltage. Among these, low voltage cable accessories currently hold the largest market
share.

Based on of the installation, the global cable accessories market can be divided into overhead and
underground accessories. Currently, overhead cable accessories account for the majority of the total
market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East
and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global cable accessories market include Nexans SA, The Prysmian
Group, ABB Group, NKT A/S, Taihan Electric Wire Company Ltd., etc.

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