Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Cables and Accessories Market Size Expected to Grow from USD 58.9 Billion in 2023 to USD 97.3 Billion by 2033, at a CAGR of 5.15% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Cables and Accessories Market Size, Share, and COVID-19 Impact Analysis, By Voltage Level (Low, Medium, and High), By Location of Deployment (Overhead, Underground, and Submarine), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The cables and accessories market is the international business engaged in the manufacturing, distribution, and creation of cables and associated accessories utilized for power transmission, telecommunications, data transfer, and industrial purposes. The market encompasses products like power cables, fiber optic cables, cable joints, connectors, terminations, and insulation materials that facilitate electrical and communication networks. Moreover, the cable and accessories market is influenced by increasing electricity demand, growth in renewable energy projects, and grid modernization. Deployment of 5G networks, surging adoption of fiber optics, and expansion in smart cities and infrastructure further augment demand. Further, the growth of electric vehicles (EVs), growing railway and metro projects, and technology developments in power transmission add to market growth worldwide. However, the cables and accessories industry is confronted with challenges like the volatility of raw material prices (copper, aluminum), high cost of installations and maintenance, regulatory requirement compliance issues, and complications involved in installing underground and submarine cable networks.
The low segment accounted for the largest share of the global cables and accessories market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of voltage level, the global cables and accessories market is divided into low, medium, and high. Among these, the low segment accounted for the largest share of the global cables and accessories market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is driven by its widespread application in residential, commercial, and industrial uses. Growing demand for building wiring, power distribution, telecommunications, and consumer electronics, coupled with the growth of smart grids and renewable energy systems, underpins its market leadership.
The overhead segment accounted for a substantial share of the global cables and accessories market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the location of deployment, the global cables and accessories market is divided into overhead, underground, and submarine. Among these, the overhead segment accounted for a substantial share of the global cables and accessories market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is owing to its cost-saving nature, simple installation, and upkeep. Overhead cables find extensive application in power transmission and distribution systems, particularly in developing countries, to facilitate grid extension, rural electrification, and renewable energy initiatives, propelling their market dominance.
Asia Pacific is projected to hold the largest share of the global cables and accessories market over the projected period.
Asia Pacific is projected to hold the largest share of the global cables and accessories market over the projected period. This is driven by the fast pace of urbanization, industrialization, and infrastructure development in nations such as China, India, and Japan. Increasing power demand, grid modernization, renewable energy project expansion, and 5G rollouts further propel the market. Government investments in smart cities and transport networks also help drive regional dominance.
North America is expected to grow at the fastest CAGR growth of the global cables and accessories market during the projected period. This is driven by fast-paced grid modernization, growth in renewable energy projects, and 5G rollouts. Rising investments in smart infrastructure, electric vehicle (EV) charging networks, and data centers also spur growth. Government policies promoting clean energy and high-end power transmission systems also help drive market growth.
Company Profiling
Major vendors in the global cables and accessories market are ABB Limited, Prysmian SpA, Nexans SA, NKT A/S, Sumitomo Electric Industries Limited, TE Connectivity Ltd, Eland Cables Ltd, Brugg Kabel AG. And Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cables and accessories market based on the below-mentioned segments:
Global Cables and Accessories Market, By Voltage Level
Global Cables and Accessories Market, By Location of Deployment
Global Cables and Accessories Market, By Regional
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