Cables and Accessories Market (By Voltage - Low Voltage, Medium Voltage, High Voltage, Market By Installation-Overhead, Underground, Market By End-Users - Industrial, Renewable - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction

A cable is a group of wires or a single wire inside a rubber or plastic covering, used to carry electricity or electronic signals. Additionally, the cable is also referred to as a kind of very strong, thick rope which is made up of wires twisted together. These cables are used for transmission of power or data between the devices. Moreover, an accessory is referred to as the device added to a computer which performs an extra features, but is not required. One of the best example of accessory is the computer printer, which gives the computer the capability to print, but the computer can still work without the printer.

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Market Dynamics

The key drivers of the global cable and accessories market includes the increasing demand for the renewable energy, fast industrialization and urbanization, and government aids and initiatives to develop and upgrade the existing T&D infrastructure. Growing power capacity on a world scale, offshore wind policies in developing economies, and replacement of conventional grids by ‘Smart-Grids’ are some of the other factors propelling the growth of the market .  

However, lack of technical expertise for employing HV projects is one of the major restraining factor which may hamper the growth of the market.

Market Classification and Overview

The global cables and accessories market is segmented into voltage, installation, end-user, and region.

On the basis of voltage, the market is segmented into low voltage, medium voltage, and high voltage.

Based on the installation, the market is segmented into overhead and underground.

On the basis of end-user, the market is segmented into industrial, renewable, and others.

Regional Overview

Geographically, the global cables and accessories market is bifurcated into four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

Asia pacific is expected to lead the market growth during the forecast period 2018-2026 owing to the increasing demand for the electric energy due to urbanization and industrialization and increasing government mandates. Moreover, rising power demand in countries such as India would require massive addition to the installed power generating capacity and advancement of infrastructure is like to fuel to fuel the growth of market in this region.

North America is expected to hold the major share during the forecasted  period owing to the increasing industrialization and rising demand for the cable & accessories from various industries may drive the market in this region.

Europe is expected to experience a strong growth during the forecasted period owing to the presence of huge players in the market and increasing government support. Additionally, LAMEA is expected to witness a steady growth due to the lack of industrialization and government support.

Market Participants

The cables and accessories market comprises of some of the major players such as

• Nexans
• General Cable Technologies Corp
• ABB Ltd
• Brugg Group
• Prysmian SPA
• Dubai Cable Company Pvt Ltd
• Bahra Advanced Cable Manufacture Co Ltd
• LS Cable & System Ltd
• Caledonian Cables Ltd
• Kabelwerk Eupen AG
• TPC Wire & Cable Corp
• Top Cable
• Sumitomo Electric Industries Ltd
• Riyadh Cables Group of Companies
• Southwire Company LLC
• Nexans
• LKT Cables

Market Segmentation

Market By Voltage

• Low Voltage
• Medium Voltage
•  High Voltage

Market By Installation

• Overhead
• Underground

Market By End-Users

• Industrial
• Renewable
• Others

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA