Authored By: Sarah
16 Dec 2020

Cable Accessories Market Size to Grow by $ 6.91 bn through 2020-2024  

Technavio research projects the cable accessories market to grow by $ 6.91 bn, accelerating at a CAGR of over 3% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Cable Accessories Market: Key Market Driver

One of the primary factors that will trigger the growth of the cable accessories market size is Large-scale deployment of explosion-resistant cable terminations. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Cable Accessories Market to Grow by Close to USD 7 Billion During 2020-2024

Cable Accessories Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., ABB Ltd., Hubbell Inc., Kabelwerk Eupen AG, Nexans SA, Prysmian Spa, Southwire Co. LLC, Sumitomo Corp., TE Connectivity Ltd., and Trelleborg AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Cable Accessories Market Size to Grow by $ 6.91 bn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the cable accessories market and it is expected to grow by $ 6.91 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Cable Accessories Market: Emerging Trends to Impact Market Growth

Renewable cable protection systems to emerge as a key trend in the industrial cable accessories market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Cable Accessories Market to Grow by Close to USD 7 Billion During 2020-2024

Cable Accessories Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., ABB Ltd., Hubbell Inc., Kabelwerk Eupen AG, Nexans SA, Prysmian Spa, Southwire Co. LLC, Sumitomo Corp., TE Connectivity Ltd., and Trelleborg AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

Technavio has been monitoring the Global Cable Accessories Market and it is expected to grow by USD 6.91 billion progressing at a CAGR of over 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Cable Accessories Market to Grow by Close to USD 7 Billion During 2020-2024

APAC: Large-scale urbanization and industrial growth to drive growth 

The growing adoption of renewable energy technology in major developing nations is one of the prime factors that will facilitate the cable accessories market growth in APAC over the forecast period. 49% of the market’s growth will originate from the region with China India and Japan being the key markets for cable accessories market  in APAC. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the cable accessories market market size.

The maximum use of cable accessories is witnessed at the low voltage end of the T&D network. The consumption of electrical energy is ever increasing, especially in developing regions such as APAC, where the demand majorly arises from China, India, and other notable Southeast Asian countries. These nations are undergoing large-scale urbanization and industrial growth that is driving the demand for electric power, which, in turn, is aiding the growth of the cable accessories market in the low voltage segment significantly. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Cable Accessories Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., ABB Ltd., Hubbell Inc., Kabelwerk Eupen AG, Nexans SA, Prysmian Spa, Southwire Co. LLC, Sumitomo Corp., TE Connectivity Ltd., and Trelleborg ABare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Cable Accessories Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive Cable Accessories Market growth during the next five years
  • Precise estimation of the Cable Accessories Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cable accessories industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Cable Accessories Market vendors
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