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Global Cable Accessories Market Size, Share, Growth: By Voltage: Low Voltage Cable Accessories, Medium Voltage Cable Accessories, High Voltage Cable Accessories; By Installation: Overhead Cable Accessories, Underground Cable Accessories; By End Use: Industrial, Renewables; Regional Analysis; Competitive Landscape; 2024-2032
Global Cable Accessories Market Outlook
The global cable accessories market attained a value of USD 57.11 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.6% to reach USD 93.33 billion by 2032.
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North America holds the largest market share in the global cable accessories market. North America is projected to emerge as a major consumer owing to the extensive applications of the product in industrial and non-industrial sectors. North America is followed by Europe and the Asia Pacific as the other major regional market.
The Asia Pacific is expected to show a robust growth in the industry, with India and China accounting for the major market chunk in the region. Rising industrialisation, urbanisation, and the implementation of new technologies and domestic production capacity are some of the key drivers behind the growth of the Asia Pacific market for cable accessories.
Properties and Applications
Cable accessories are an essential part of power cable networks. They protect the cables from erosion caused by environmental extremes and ultraviolet (UV) light. They are also used to connect two cables of different insulation materials. These accessories are widely used to provide cables with additional strength, which improves their durability and service life. They are, therefore, used for establishing the transmission and distribution network (T&D) for electricity, telephone, and internet systems.
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Based on voltage, the industry is divided into:
- Low Voltage
- Medium Voltage
- High Voltage
The industry can be broadly categorised on the basis of installation methods into:
- Overhead
- Underground
On the basis of end-use, the industry is divided into:
- Industrial
- Renewables
The EMR report looks into the regional markets of North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
One of the major factors driving the market growth is the significant increase in power consumption worldwide. Rising power demand has led to a rise in the adoption rates of smart grid infrastructure. That, along with the renovation of the existing grid system, by employing new transmission lines, is increasing the demand for cable accessories. Also, the increasing green energy sources due to the rising environmental awareness is also aiding the market growth as many new power plants are being installed globally, which is leading to increased cable accessories sales. Besides, various manufacturers are investing in research and development to enhance the quality of these products, which will further create a positive market outlook.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global cable accessories market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Nexans S.A.
- Prysmian Group
- ABB Group
- NKT A/S
- Taihan Cable & Solution Co., Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Voltage |
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| Breakup by Installation |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cable Accessories Market Analysis
8.1 Key Industry Highlights
8.2 Global Cable Accessories Historical Market (2018-2023)
8.3 Global Cable Accessories Market Forecast (2024-2032)
8.4 Global Cable Accessories Market by Voltage
8.4.1 Low Voltage Cable Accessories
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medium Voltage Cable Accessories
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 High Voltage Cable Accessories
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Cable Accessories Market by Installation
8.5.1 Overhead Cable Accessories
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Underground Cable Accessories
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Cable Accessories Market by End Use
8.6.1 Industrial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Renewables
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Cable Accessories Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Cable Accessories Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cable Accessories Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cable Accessories Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cable Accessories Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cable Accessories Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nexans S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Prysmian Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 ABB Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 NKT A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Taihan Cable & Solution Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cable Accessories Market: Key Industry Highlights, 2018 and 2032
2. Global Cable Accessories Historical Market: Breakup by Voltage (USD Billion), 2018-2023
3. Global Cable Accessories Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
4. Global Cable Accessories Historical Market: Breakup by Installation (USD Billion), 2018-2023
5. Global Cable Accessories Market Forecast: Breakup by Installation (USD Billion), 2024-2032
6. Global Cable Accessories Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Cable Accessories Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Cable Accessories Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Cable Accessories Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Cable Accessories Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Cable Accessories Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Cable Accessories Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Cable Accessories Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Cable Accessories Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Cable Accessories Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Cable Accessories Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Cable Accessories Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Cable Accessories Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Cable Accessories Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Cable Accessories Market Structure
Key Questions Answered in the Report
In 2023, the global cable accessories market attained a value of nearly USD 57.11 billion.
The market is projected to grow at a CAGR of 5.6% between 2023 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 93.33 billion by 2032.
The major drivers of the market are extensive applications of cable accessories in various sectors, rising industrialisation, and the implementation of new technologies by key players.
The key trends guiding the growth of the market include surging investments in research and development by manufacturers and rapid urbanisation.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different voltages of cable accessories are low, medium, and high voltage cable accessories.
The major end uses of cable accessories are industrial and renewables.
The key players in the global cable accessories market are Nexans S.A., Prysmian Group, ABB Group, NKT A/S, and Taihan Cable & Solution Co., Ltd., among others.
Analyst Review
The global cable accessories market attained a value of USD 57.11 billion in 2023, driven by the rising industrialisation and urbanisation. Aided by the rising R&D activities, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.6%. The cable accessories market is projected to reach USD 93.33 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its voltage, the cable accessories market can be segmented into low, medium, and high voltage variants. On the basis of installation, the industry is divided into overhead and underground cable accessories. On the basis of end-uses, the industry is categorised into industrial and renewables. The major regional markets for the products are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the industry. The key players in the above industry include Nexans S.A., Prysmian Group, ABB Group, NKT A/S, Taihan Cable & Solution Co., Ltd., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
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