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The Europe cable accessories market is currently witnessing moderate growth. 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. Looking forward, IMARC Group expects the market to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe cable accessories market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, voltage, installation and end user.
Breakup by Voltage:
Breakup by Installation:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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