Cables and Accessories Market Worth 158.25 Billion USD by 2022

By , in PR PR Sci/Tech on .

PUNE, India, December 8, 2017

The report 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″, published by MarketsandMarkets™, the market is estimated to reach USD 121.63 Billion in 2017, and is further projected to reach USD 158.25 Billion by 2022 growing at a CAGR of 5.40%. The market is set to witness growth, due to increasing urbanization, industrialization, and rising demand for electricity from the industrial, commercial, and residential sectors.

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

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Overhead cables and accessories segment is expected to hold the largest share of low voltage Cables and Accessories Market, by installation, during the forecast period 

Overhead cables and accessories are cost-effective and convenient to install making it currently more preferred in the entire market. Driven by the capability to meet increasing power demand and growth in rural electrification in the developing countries such as India, Thailand, Malaysia, this segment is expected witness decent growth during the forecast period.

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Infrastructure segment is expected to be the largest in the low voltage Cables and Accessories Market, by end-user, in 2017 

Low voltage Cables and Accessories Market in the Infrastructure segment is expected to be the largest, by end-user, in 2017. The growth of this segment is mainly driven by the increasing adoption of low voltage cables in the commercial and residential sectors in the developing economies in South Asia, namely, India, Indonesia, Philippines among others. Upgrade and replacement of the current infrastructures in the European and North American regions are expected to drive the low voltage Cables and Accessories Market in the respective geographies. Globally, expansion of transmission and distribution network and adoption of smart grid technology are also the major factors for a large market share held by the segment.

Asia-Pacific: Expected to be the leading market for low voltage cables and accessories during the forecast period 

Low voltage Cables and Accessories Market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Demand in Asia-Pacific is expected to lead the low voltage Cables and Accessories Market, by region. Increasing demand for electrical energy due to urbanization and industrialization, as well as rising government mandates to achieve sustainable goals, is likely to drive the market during the forecast period in the region. Increasing power demand in countries such as India would require massive addition to the installed power generating capacity and development of adequate infrastructure. This would further drive the low voltage Cables and Accessories Market in Asia-Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the Cables and Accessories Market. These players include Prysmian (Italy), Nexans (France), NKT Cables (Germany), General Cables (US), Sumitomo (Japan), and ABB (Switzerland). Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.

Browse Related Reports 

Medium Voltage Cables & Accessories Market by Installation (Overhead, Underground, Submarine), Products (MI, XLPE Cables, Terminations, Joints), Voltage (1-5, 6-13, 23, 34, 45, 69kV), End-User (Industrial, Infrastructure, Renewables) – Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/medium-voltage-cable-market-15193142.html

High Voltage Cables & Accessories Market by Installation (Overhead, Underground, Submarine), Products (MI, XLPE Cables, Terminations, Joints, Conductors, Fittings & Fixtures), Voltage (72.5, 123, 145, 170, 245, 400 kV & Above) & Region – Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/high-voltage-cable-accessories-market-95892251.html

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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