The cables and accessories market is projected to reach from USD 121.63 billion in 2017 to USD 158.25 billion, by 2022, cables and accessories market growing at a CAGR of 5.40%, from 2017 to 2022.
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Europe is the second largest market for low voltage cables and accessories followed by North America and Middle East and Africa. Focus of the governments of countries such as Germany, the UK, and Russia for increased renewable energy contributions in regional electricity generation mix is expected to boost the demand for low voltage cables and accessories in Europe.
Furthermore, the need to upgrade aging infrastructure in European countries and planning of inter-country grid interconnection projects is likely to impact the growth opportunities of low voltage cables and accessories in Europe.
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Increasing demand for electric power worldwide and increasing investments in smart grids are driving the market growth of cables and accessories across the world. Complex planning and authorization procedures leading to delays, and volatile prices of raw materials are restraints for the cables and accessories market.
Cables and Accessories Market report’s target audience includes:
- Cable manufacturing companies
- Consulting companies in the power sector
- Engineering, procurement, and construction companies in the transmission and distribution sector
- Government and research organizations
- Cables and accessories and equipment manufacturers
- Insulation raw material suppliers
- Investment banks
- Power transmission and distribution companies
“Cables and Accessories Market” spread across 196 pages, profiling 13 companies and supported with 128 tables and 47 figures is Direct Order this Report @ www.reportsnreports.com/purchase.aspx?name=711322
The leading players in the cables and accessories market are Prysmian (Italy), Nexans (France), General Cable (US), NKT Cables (Germany), and Sumitomo (Japan).
Key Point from Table of Content
6 Cables & Accessories Market, By Voltage
6.2 Low Voltage
6.3 Medium Voltage
6.4 High Voltage
7 Low Voltage Cables & Accessories Market, By End-User
7.2 Industrial Low Voltage Cables & Accessories Market
7.2.2 Oil & Gas
7.2.3 Mining & Metals
7.2.4 Chemicals & Petrochemicals
7.2.5 Other Industrial
7.3 Renewables Low Voltage Cables & Accessories
7.3.1 Wind Power
7.3.2 Solar Power
7.4 Infrastructure Low Voltage Cables & Accessories
7.4.1 Commercial & Residential