Europe Cable Accessories Market Size, Share, Report 2023-2028

Europe Cable Accessories Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2816

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Market Overview:

The Europe cable accessories market size reached US$ 13.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Cable accessories are an integral part of the power cable system used for the transmission and distribution (T&D) of electricity from the point of generation to consumption and across the distribution cable networks. They are used to connect cables with insulation materials that protect the wires from degradation and erosion due to environmental stress and ultraviolet (UV) light. Some standard cable accessories include power cable joints, terminations, connectors, cable lugs and heat-shrinkable cable breakouts. These accessories play a crucial role in providing strength to cables and reliable service over long operating life.

The Europe cable accessories market is primarily driven by government initiatives to improve the T&D systems, with an increase in power demand and the introduction of favorable renewable energy policies. Besides this, the European Union has established a target of 20% of its total electricity consumption from renewables by 2020. With the ever-increasing adoption of smart grids, the demand for power cables and related accessories, such as terminations, joints, and bushings, is anticipated to grow. As a result, some of the vendors have started providing cable accessories for smart grid technology. For instance, the 3M Company offers QS20, a sensor-equipped cable accessory that can be used to measure real-time data related to the current and voltage. It is designed to work with transformers and air and gas-insulated switchgear.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Europe cable accessories market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on voltage, installation and end user.

Breakup by Voltage:

Low Voltage Cable Accessories
Medium Voltage Cable Accessories
High Voltage Cable Accessories

Breakup by Installation:

Overhead Cable Accessories
Underground Accessories

Breakup by End User:

Industrial
Renewables

Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Voltage, Installation, End User, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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)

Key Questions Answered in This Report:

How has the Europe cable accessories market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe cable accessories market?
What are the key regional markets?
What is the breakup of the market based on the voltage?
What is the breakup of the market based on the installation?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe cable accessories market and who are the key players?
What is the degree of competition in the industry?

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