Cable Accessories Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00126513
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:8.87
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.87
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Cable Accessories Market Analysis By Type (Cable Lugs, Cable Glands, Cable Joints, Cable Cleats, Cable Connectors), By Voltage (Low Voltage, Medium Voltage, High Voltage), By End-User (Utilities, Industrial, Renewables, Commercial and Residential), and By Region Forecast to 2032:

The Cable Accessories Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for electricity infrastructure, the growth of renewable energy projects, and the need for efficient and reliable cable connections across various industries. Cable accessories play a crucial role in ensuring the safe and reliable transmission of electrical power.

Cable Accessories Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Cable Accessories Market is the global demand for reliable electricity transmission and distribution infrastructure. The expansion of power generation and distribution networks, particularly in emerging economies, drives the need for high-quality cable accessories to ensure uninterrupted electricity supply.

Furthermore, the increasing adoption of renewable energy sources, such as wind and solar power, contributes to the demand for cable accessories. These accessories are essential for connecting renewable energy installations to the grid, facilitating the integration of clean energy sources.

Trends:

An emerging trend in the Cable Accessories Market is the development of high-voltage cable accessories capable of handling large-scale power transmission. As electricity demand continues to grow, there is a need for advanced cable accessories that can operate efficiently at high voltages.

Additionally, the adoption of smart grid technologies and the integration of sensors and monitoring systems into cable accessories are positively impacting market growth. Smart cable accessories enable real-time monitoring of cable conditions and help utilities proactively address maintenance and repair needs.

Restraints:

One of the key challenges hindering the growth of the Cable Accessories Market is the regulatory complexity associated with electricity infrastructure projects. Compliance with regional and international standards and regulations can be a barrier to market entry for some manufacturers and suppliers.

Market participants also face challenges related to the selection of the right cable accessories for specific applications, as the requirements vary depending on factors such as voltage, environmental conditions, and cable type.

Cable Accessories Market Segmentation By Type:

  • Cable Lugs: Cable lugs are used for terminating cables and connecting them to electrical equipment. They ensure a secure and reliable electrical connection.
  • Cable Glands: Cable glands provide a seal and mechanical retention for cables, protecting them from environmental factors such as dust and moisture.
  • Cable Joints: Cable joints are used to connect two or more cables, ensuring a continuous electrical path. They are essential for repairs and expansions in electrical networks.
  • Cable Cleats: Cable cleats are used to support and restrain cables, preventing them from damage due to mechanical stress and external forces.
  • Cable Connectors: Cable connectors enable the quick and secure connection of cables to electrical devices or other cables.

Cable Accessories Market Segmentation By Voltage:

  • Low Voltage: Low-voltage cable accessories are designed for electrical systems with voltages up to 1,000 volts.
  • Medium Voltage: Medium-voltage cable accessories are suitable for electrical systems with voltages between 1,000 and 33,000 volts.
  • High Voltage: High-voltage cable accessories are designed for electrical systems with voltages exceeding 33,000 volts.

Cable Accessories Market Segmentation By End-User:

  • Utilities: Utilities, including electricity distribution companies and grid operators, are major consumers of cable accessories for maintaining and expanding their electrical networks.
  • Industrial: The industrial sector uses cable accessories for various applications, including machinery and equipment connections.
  • Renewables: The renewable energy sector relies on cable accessories for connecting wind turbines, solar panels, and other renewable energy installations to the grid.
  • Commercial and Residential: Cable accessories are used in commercial and residential buildings for electrical connections and distribution.

Regional Overview:


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North America is expected to be a key contributor to the global Cable Accessories Market, accounting for approximately 38% of the market's growth during the forecast period. The region's focus on upgrading its aging electrical infrastructure and the expansion of renewable energy projects support the demand for cable accessories.

Europe is another prominent market for cable accessories, driven by initiatives to enhance energy efficiency and integrate renewable energy sources into the grid.

Cable Accessories Market Customer Landscape:

The Cable Accessories Market serves a diverse range of customers, including utilities, industrial manufacturers, renewable energy project developers, and construction companies. Customer decisions are influenced by factors such as product quality, reliability, and compliance with industry standards.

Major Cable Accessories Market Companies:

Companies in the cable accessories market are continually innovating to provide high-quality and reliable cable connection solutions.

Example companies include:

  1. ABB Group: ABB offers a wide range of cable accessories, including cable lugs, cable glands, and cable joints, for various industries and voltage levels.
  2. Prysmian Group: Prysmian specializes in cable and accessories solutions, serving utilities, industrial, and renewable energy sectors with a comprehensive product portfolio.
  3. Nexans S.A.: Nexans provides cable accessories designed to meet the requirements of different applications and industries, ensuring the safe and efficient transmission of electrical power.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • TE Connectivity Ltd.
  • 3M Company
  • Schneider Electric SE
  • Siemens AG
  • Legrand SA
  • Thomas & Betts Corporation
  • NKT A/S
  • Southwire Company, LLC
  • Lapp Group
  • Hubbell Incorporated

Qualitative and quantitative analyses of these companies help stakeholders understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their market presence, product offerings, and technological advancements.

Segment Overview:

The Cable Accessories Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Type Outlook (USD Million, 2019 - 2032):
    • Cable Lugs
    • Cable Glands
    • Cable Joints
    • Cable Cleats
    • Cable Connectors
  • Voltage Outlook (USD Million, 2019 - 2032):
    • Low Voltage
    • Medium Voltage
    • High Voltage
  • End-User Outlook (USD Million, 2019 - 2032):
    • Utilities
    • Industrial
    • Renewables
    • Commercial and Residential
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • Saudi Arabia
      • United Arab Emirates
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Cable accessories MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Cable accessories MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Cable accessories Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Cable accessories Of Suppliers

    4.5.2. Cable accessories Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Cable accessories MARKET BY Voltage level landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Low

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Medium

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 High

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Cable accessories MARKET BY deployment INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Overhead

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Underground

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Submarine

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Cable accessories MARKET REGIONAL OUTLOOK

7.1. Cable accessories Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Cable accessories Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Cable accessories Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Cable accessories Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Cable accessories Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Cable accessories Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Cable accessories Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Eland Cables Ltd

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 ABB Ltd

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Prysmian SpA

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 NKT A/S

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Nexans SA

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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