openPR Logo
Press release

Cables and Accessories Market Insights | Key players: Prysmian, Nexans, NKT Cables, General Cables, Sumitomo, and ABB

02-26-2019 08:35 AM CET | Energy & Environment

Press release from: MarketsandMarkets

Cables and Accessories Market Insights | Key players: Prysmian,

According to recent research "Cables and Accessories Market by Voltage (Low, Medium, High), LV by Installation (Overhead (Conductors, Accessories), Underground (PVC, XLPE, Terminations, and Joints)), LV by End-User (Industrial, Renewables), and Region - Global Forecast to 2022", the global cables and accessories market is expected to grow at a CAGR of 5.40%, from 2017 to 2022, to reach a market size of USD 158.25 billion by 2022. The increasing demand for electric power worldwide, subsequent investments in installing renewable generation capacity, and rapidly growing industrialization are likely to drive the cables and accessories market during the forecast period.

Browse 128 market data Tables and 47 Figures spread through 196 Pages and in-depth TOC on "Cables and Accessories Market"

The cables and accessories market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the cables and accessories industry include Prysmian (Italy), Nexans (France), General Cable (US), NKT Cables (Germany), and Sumitomo (Japan).

Renewable segment is estimated to be the fastest-growing demand segments for the low voltage cables and accessories market, by end-user, from 2017 to 2022. This segment is being driven by factors such as government mandates to increase power generation through clean energy that would result in reduction of greenhouse emissions. Increase in number of wind power projects in countries such as Japan, Denmark, Spain, Portugal, among others has led to an increased share of renewable energy in the total power generation globally.

Speak to Analyst @

Based on installation, underground segment is estimated to grow at the fastest rate from 2017 to 2022. This is due to various factors such as protection against bad weather conditions and lightning sparks. Underground lines have less tendency to short circuits and lightning sparks making it less hazardous. Also, underground cables have lesser transmission and distribution losses as they have efficient copper conductors and can operate at lower temperatures compared to overhead lines.

The share of solar power in renewable segment is estimated to grow at a faster rate from 2017 to 2022. The decreasing costs of solar installations and greenhouse gas emission restrictions are driving the adoption of renewable energy sources for power generation in the commercial, residential, and industrial sectors. Driven by attractive policy incentives, solar PV has emerged as one of the fastest growing renewable energy sources which would drive the low voltage cables and accessories market.

Get Free 10% Customization @

Cables and accessories in low voltage segment based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Asia Pacific is projected to grow at the fastest rate from 2017 to 2022 followed by Middle East & Africa and North America. Countries such as China and India are the largest markets and have increased their investments in power sector in the recent past. China accounted for the maximum share in the Asian region in 2016 and is projected to grow at the highest CAGR of 5.47% from 2017 to 2022. Increase in the demand for electricity from residential and commercial sectors and integration of distributed energy resources would have a positive impact on low voltage cables and accessories market in Asia-Pacific. Also, increasing urbanization and industrialization are also the major factors impacting the growth of the low voltage cables and accessories in this region.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cables and Accessories Market Insights | Key players: Prysmian, Nexans, NKT Cables, General Cables, Sumitomo, and ABB here

News-ID: 1616351 • Views: 799

More Releases from MarketsandMarkets

Switchgear Market Revenue is Anticipated to Reach $88.5 billion by 2025
According to the new market research report, The global switchgear market is projected to reach USD 88.5 billion by 2025 from an estimated USD 67.5 billion in 2020, at a post-COVID-19 CAGR of 5.5% during the forecast period. Replacement of aging power infrastructure, along with growing investments in renewable energy, is expected to drive the switchgear market. COVID-19 Impact on the Global Switchgear Market The ongoing COVID-19 pandemic has impacted the switchgear
Propylene Oxide Market worth $29.5 billion by 2026 | Key players Dow Inc., Royal …
According to recent market research "Propylene Oxide Market by Application (Polyether Polyols, Propylene Glycols),Production Process (Chlorohydrin, Styrene Monomer, Cumene Based), End-Use Industry (Automotive, Building & Construction), and Geography - Global Forecast to 2026", The propylene oxide market is projected to grow from USD 22.5 billion in 2021 to USD 29.5 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. The propylene oxide market is majorly driven
Optical Ceramics Market | Key players operating in the market include CeramTec, …
According to recent market research "Optical Ceramics Market by Material (Sapphire, Aluminum Oxynitride, Spinel), End-use (Optics & Optoelectronics, Aerospace and Defense & Security, Energy), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2023", The optical ceramics market is projected to grow from USD 148 million in 2018 to USD 297 million by 2023, at a CAGR of 15%, between 2018 and 2023. The
Military Robots Market Growing at the Fastest Rate in Europe Region
The report "Military Robots Market by Type (Land, Marine, Airborne), Application, System, Deployment Method, Range, End User (Defense, Homeland Security), Mode of Operation, Propulsion and region - Global Forecast to 2025", size is projected to grow from USD 14.5 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. Drivers for this market include the increasing use of robots for mine countermeasures

All 5 Releases

More Releases for Cable

Cable Assembly Market
According to a new market research report “Cable Assembly Market by Product (Custom/Application Specific Assemblies, Rectangular Assemblies, Radio Frequency (RF) Assemblies, Circular Assemblies), Application (Automotive, Telecom, Industrial, Medical), and Geography - Global Forecast to 2025”, published by Meticulous Research®, the global cable assembly market is expected to reach $220.7 billion by 2025, growing at a CAGR of 6.7% from 2019. Download Free Sample Report @ Cable assembly is a collection of
World Cable Assembly Market
ReportsWorldwide has announced the addition of a new report title World Cable Assembly Market to its growing collection of premium market research reports. ‘2016 World Cable Assembly Market’, a new research report from industry leader Bishop & Associates, addresses these questions and many more. This 17-chapter, 230-page report provides a detailed analysis in US dollars for the years 2015 through 2021, by region, end-use equipment sector, and cable assembly type. Our
Pre-branch Cable
Global and China Pre-branch Cable Market 2016-2021 Market Research Report The report Pre-branch Cable offers a detailed impact analysis of the key trends shaping the Industry. The Industry determinants, i.e. drivers, restraints, opportunities, and threats have been covered in the report. The research study delivers a detailed analysis of the consumer trends that are influencing the Industry. The impact analysis of the Industry drivers, restraints, and opportunities is presented in the
New Cable Stripping Tools
Halver, 18 August 2015 – As of now, new cable stripping tools supplement the original accessories of the connector- and housing specialist ESCHA. Outer jackets of cables with various lengths and diameters can now be removed easily and quickly with the so called ‘Cable Strip Tool‘ and the ‘Cable Cut Tool‘. Cable Strip Tool The Cable Strip Tool works like a pair of pliers. Thereby, the cable is simply laid between the
Cable Joints Manufacturers, Cable Joints Exporters
Yamuna Power & Infrastructure Ltd or Yamuna Power or YPIL is an ISO 9001:2000 certified Company and established in 1973 with Corporate Office at Delhi, India & manufacturing unit at Jagadhri, Haryana. We are leading Cable Joints manufacturers and Cable Joints exporters offer wide range of Cable Joints, Heat Shrink Cable Joints, Heat Shrinkable Cable, Cold Shrink Cable Joints, Cable Jointing Accessories, Heat Shrink Tubing and many more. YPIL is
Cable Joints, Cable Joints Manufacturers
Yamuna Power & Infrastructure Ltd. (YPIL) is a quality oriented company offers an array of Cable Joints and a wide range of contemporary Power Cables, Heat Shrink Cable Joints, Heat Shrinkable Cable, Cold Shrink Cable Joints, Cable Jointing Accessories, Heat Shrink Tubing and other Cable Accessories meeting international quality norms and supplies them at the most reliable prices. The great success and unsteady growth of us is nothing but impeccable