MARKET INTRODUCTION
Cables and accessories are used for transmission of electrical power or signals. Rising focus on grid interconnections, the growth of offshore wind farms, and improved power generation capacity is increasingly generating the demand for cables and accessories. Moreover, improving long-distance T&D infrastructure is likely to fuel the growth of the cables and accessories market. The Asia Pacific is expected to grow massively in the forecast period on account of increasing government initiatives and investments in smart city development in countries such as China and India.
MARKET DYNAMICS
The cables and accessories market is anticipated to grow in the forecast period owing to driving factors such as developments in renewable energy generation coupled with supportive government initiatives for the expansion of T&D systems. Additionally, the surge in demand for power generation due to rapid industrialization and urbanization is further likely to fuel the market growth. However, volatility in the prices of raw materials is a hindrance to the cables and accessories market. On the other hand, the adoption of smart grid technology is a significant growth opportunity for the cables and accessories market in the coming years.
MARKET SCOPE
The "Global Cables and Accessories Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of cables and accessories market with detailed market segmentation by type, installation, industry vertical, and geography. The global cables and accessories market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cables and accessories market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cables and accessories market is segmented on the basis of type, installation, and industry vertical. Based on type, the market is segmented as high voltage cables, medium voltage cables, and low voltage cables. On the basis of the installation, the market is segmented as overhead and underground. The market on the basis of the industry vertical, is classified as automotive & transportation, aerospace & defense, energy & power, construction & infrastructure, telecom, healthcare, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cables and accessories market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cables and accessories market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting cables and accessories market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the cables and accessories market in these regions.
MARKET PLAYERS
The reports cover key developments in the cables and accessories market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from cables and accessories market are anticipated to lucrative growth opportunities in the future with the rising demand for cables and accessories in the global market. Below mentioned is the list of few companies engaged in the cables and accessories market.
The report also includes the profiles of key cables and accessories companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Limited
- Bayerische Kabelwerke AG
- Ducab (Senaat)
- Furukawa Electric Co., Ltd.
- LS Cable & System Ltd.
- Nexans SA
- NKT A/S
- Prysmian Group
- Sumitomo Electric Industries, Ltd.
- TELE-FONIKA Kable S.A.
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