Cable and accessories are an important part of the power cable systems and are widely used in the distribution and transmission of electricity. Cables are an assembly of one or more insulated electrical conductors to serve in single phase or three phase systems. Cables are made up of three basic parts such as conductor, shielding and connector. These cables and accessories include cable joints, connector systems, terminations, and so on.
Increasing urbanization, growth in industrialisation and rising demand for electricity are key factors propelling growth of the global cable and accessories market. Increasing government activities to update and extend current transmission distribution infrastructure, and growing infrastructure developments in emerging economies are other factors expected to propel growth of the global Cable And Accessories Market over the forecast period.
Shifting inclination towards conventional sources of renewable energy, and development in wire insulation technologies further expected to prove as a growth opportunity for the global cable and accessories market over the forecast period.
The Cable And Accessories Market is segmented on the Basis of voltage type, installation and regions. On the basis of voltage type, the global market is segmented into Low Voltage (LV), Medium Voltage (MV), High Voltage (HV). The Low Voltage (LV) segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of installation, the global market is segmented into Underground, Submarine, Overhead. The Underground segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Nexans S.A., General Cable Corporation, ABB Ltd., Kabelwerke Brugg AG Holding, Prysmian S.p.A., Senaat General Holding Corporation, Bahra Advanced, Cable Manufacture Co. Ltd., LS Cable & System Ltd., Caledonian Cables Ltd., Kabelwerk Eupen AG
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