Cable Accessories Market: By Voltage, By Installation By End User By Region Forecast to 2030.
Cable Accessories Market size was valued at US$ 59,392.8 million in 2023 and is projected to grow at 5.1% CAGR from 2024 – 2030. Cable accessories are parts that are used with cables for a variety of purposes including insulation and sealing, installation, design integrity, etc. Also cable accessories include duct seals, terminations, joints and splices to seal and insulate the cable from its surrounding environment. The key market drivers of market are growing use of polymeric insulation cable and the need for connection with paper insulation cable are the key factors expected to accelerate the market growth during the forecast period.
Moreover, increasing demand for reliable technology with long operating life also surge the growth of market over the forecast years. However, reasons behind market hindrance are lack of awareness about cable accessories amongst the general population, high cost associated with underground cables, and lack of skilled technicians and engineers in certain regions can limit the adoption of these advanced accessories slowing the overall growth of the market. The availability of alternative technologies, such as wireless communication systems or non–cable solutions in certain sectors (like telecommunications or data transmission), poses a challenge to the market. The key opportunities of market are favorable renewable energy policies in key countries.
For instance, some incentives such as feed-in tariffs, and tax credits have led to investors and project developers shifting towards renewable power generation. Moreover, the expansion of smart grid infrastructure, and modernization of power grids in reduce power losses and improve the reliability of cable accessories. The emerging key trends of market are increasing demand for smart infrastructure and rising utilization of renewable energy systems are positively influencing the market and global start-ups in the market are stepping forward to match the requirements of the customers.
Study Period
2024 - 2030Base Year
2023CAGR
5.1%Largest Market
North AmericaFastest Growing Market
Europe
Cable accessories have emerged as an integral part of cable installation and distribution in various industries therefore, the high growth rate of urbanization and expanding industries are also projected to drive the growth of the market during the forecast period. The driving factor that would help in developing the market throughout the forecast period would be the increasing demand for electricity from various end-use industries such as oil & gas, construction, and manufacturing. Some other technological developments related to smart grid development and research and development towards the improvement of cable accessories quality are likely to ensure promising growth opportunities for key players in maintaining their global cable accessories market share.
Report Benchmarks |
Details |
Report Study Period |
2024 - 2030 |
Market Size in 2023 |
US$ 59,392.8 million |
Market CAGR |
5.1% |
By Voltage |
|
By Installation |
|
By End User |
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The global cable accessories market was valued at US$ 59,392.8 million in 2023 and is projected to grow at 5.1% CAGR over the forecast years 2024 – 2030.
North America is expected to hold the highest market share in the market.
Some key market players in the market are Eland Cables Ltd., Abb Ltd., Prysmian Spa, NKT Cables, Nexans.
Europe is expected to have the highest market growth in the market.
The key market trends of the market are increasing demand for smart infrastructure and rising utilization of renewable energy systems.
1. Executive Summary |
2. Global Cable Accessories Market Introduction |
2.1.Global Cable Accessories Market - Taxonomy |
2.2.Global Cable Accessories Market - Definitions |
2.2.1.Voltage |
2.2.2.Installation |
2.2.3.End Users |
2.2.4.Region |
3. Global Cable Accessories Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Cable Accessories Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Cable Accessories Market By Voltage, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Low |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Medium |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. High |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Cable Accessories Market By Installation, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Overhead |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Underground |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Cable Accessories Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Industrial |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Renewable |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Infrastructure |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Cable Accessories Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Cable Accessories Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Voltage Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Low |
9.1.2.Medium |
9.1.3.High |
9.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Overhead |
9.2.2.Underground |
9.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Industrial |
9.3.2.Renewable |
9.3.3.Infrastructure |
9.3.4.Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Cable Accessories Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Low |
10.1.2.Medium |
10.1.3.High |
10.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Overhead |
10.2.2.Underground |
10.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Industrial |
10.3.2.Renewable |
10.3.3.Infrastructure |
10.3.4.Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11. Asia Pacific (APAC) Cable Accessories Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Low |
11.1.2.Medium |
11.1.3.High |
11.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Overhead |
11.2.2.Underground |
11.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Industrial |
11.3.2.Renewable |
11.3.3.Infrastructure |
11.3.4.Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Cable Accessories Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Low |
12.1.2.Medium |
12.1.3.High |
12.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Overhead |
12.2.2.Underground |
12.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Industrial |
12.3.2.Renewable |
12.3.3.Infrastructure |
12.3.4.Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Cable Accessories Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Low |
13.1.2.Medium |
13.1.3.High |
13.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Overhead |
13.2.2.Underground |
13.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Industrial |
13.3.2.Renewable |
13.3.3.Infrastructure |
13.3.4.Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Eland Cables Ltd. |
14.2.2.Abb Ltd. |
14.2.3.Prysmian Spa |
14.2.4.NKT Cables |
14.2.5.Nexans |
14.2.6.Prysmian |
14.2.7.General Cable |
14.2.8.L S Cable |
14.2.9.Furukawa |
14.2.10.Southwire |
14.2.11.Tele – Fonika Kable Group |
14.2.12.Elsewedy Electric |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players