Press release
Cable Accessories Market: Analysis and Forecast by Future Market Insights 2017 - 2027
Cable Accessories Market:Market Dynamics
The main factor behind the growth of the cable accessories market is the growing use of polymeric insulation cable and need of connection with the paper insulation cable. Rising awareness among people concerning the need to use better technology for better results will also contribute towards the growth of this market. Another factor promoting the growth of the cable accessories market is increasing demand for reliable technology with long operating life due to increasing focus of companies on decreasing operational cost by increasing the quality. Apart from this, cable accessories have become an integral component of the installation and distribution of cables in different industries etc. and hence, the increasing rate of urbanization growth and expansion of industries will also contribute towards the growth of the global cable accessories market.
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However, lack of awareness amongst general population can act as a restraint to the growth of the global cable accessories market. The current trend to use better technology and equipment to get better results will increase the demand for cable accessories during the forecast period.
Cable Accessories Market:Market Segmentation
On the basis of voltage, the cable accessories market can be segmentedas follows:
LV (low voltage) accessories
MV (medium voltage) accessories
EHV (Extra-High Voltage) accessories
EHV (Extra-High Voltage)accessories
On the basis of end use industry, the Cable Accessories Market can be segmentedas follows:
Railways
Electric Power Industry
Construction Industry
Power transmission Industry
Manufacturing Industry
Others
On the basis of the type, the cable accessories market can be segmentedas follows:
Joint & terminations
Din Lugs And Connectors
Heat Shrink Shapes
Cable Accessories Market: Regional Outlook
Asia Pacific is estimated to show a significant growth in the cable accessories market, where India and China contributes a high market share as compared to other countries of this region. Increasing industrialization, urbanization and implementation of new technology and in-house capacity of production are some of the reasons expected to contribute to China and India high market share in this region. Where, North America holds a major share in the global cable accessories market, following North America are Europe and Latin America. Europe and North America are projected to emerge as major consumers owing to the extensive applications of cable accessories in industrial and non-industrial sectors.
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Cable Accessories Market: Market Participants
Some of the examples of the market participants operating across the value chain of the global Cable Accessories Market are:
ABB Group
nkt cables group GmbH
Nexans S.A.
Prysmian Group
Taihan Electric Wire Co. Ltd
Südkabel GmbH
PFISTERER Holding AG
Brugg Kabel AG
Yamuna Cable Accessories Pvt. Ltd. (YCAPL)
REPL International Ltd
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