Cables and Accessories Market size is expected to reach US$ 239.88 Bn in year 2030, at a CAGR of 5.35% during the forecast period.Cables & Accessories Market Overview:
Key drivers for Cables & Accessories Market is the growing demand for renewable energy, fast industrialization & urbanization, worldwide thriving HVDC plans, & government aids, & initiatives to increase & upgrade the current T&D infrastructure. The increase in power capacity on a world scale, offshore wind rules in emerging nations, replacement of conventional grids by ‘Smart Grids’, & up-gradation of infrastructure in developing markets will open fresh avenues for Cables & Accessories market during the forecast period.To know about the Research Methodology :- Request Free Sample Report On the other hand, restricted funds, compound planning & authorization of plans, & the consequent delays in their application, steeply-priced raw materials, & easily available cheap products in grey markets are stimulating market development. A lack of technical expertise for employing HV, schemes are also hampering the market development.
Regional Insights:
10 nations will account for 80 percent of total smart grid investment by 2030: Utilities worldwide will together invest more than USD 378 Bn in constructing electricity smart grids by the year 2030. But 80 percent of this investment spend will be focused on just 10 nations, during the forecast period, the US will lead global capital expenditure, as the United States government stimulus funding pushes a mass-market roll-out of progressive metering infrastructure. By the year 2030, the United States will spend USD 60 Bn on intelligent smart grid infrastructure. This contains grid automation, infrastructures, IT systems & hardware, systems integration, & home area network equipment, in adding to smart meters. Finally, the top-spending market will be China, where annual smart grid capital expenditure will overtake the United States from around 2023. China’s strategies for wide-scale smart meter deployment will see it install over 360 Mn smart meters by the year 2030. China’s total spend on smart grid development to reach USD 99 Bn by that date more than a quarter of the global total. Two other main developing market forces, India & Brazil, also make the top 10 nations for smart grid investment, ranking 3rd & 6th respectively. “India & Brazil have declared massive smart meter roll-out plans. Brazil supposes to replace 63 Mn electricity meters with smart meters by the year 2023, while India has strategies for over 130 Mn smart meters. The market ecosystem contains of raw material suppliers, OEMs manufacturing power cables & accessories, end-user trades which contain renewables, infrastructure, & industries such as oil and gas, manufacturing, mining and metals, petrochemical, among others & finally the distributors. It is thus a horizontal market included of upstream & downstream business verticals. Power cables are used in electrical transmission & distribution networks & mobile substation services set up during construction. Low Voltage power cables are used for distribution in distinct residential areas & small commercial systems. On the other hand, cable accessories have productive applications in T&D infrastructure & HVDC transmission systems. These contain connectors, cable joints, & terminations. MV cables are expected to account for the major market share during the forecast period. This can be attributed to their productive applications in providing temporary power & in MV switchgear. On the other hand, LV cables & accessories currently ace the market owing to their use in underground distribution networks. Overhead cables & accessories are now prominent in the market but are estimated to be outpaced by MV underground cables & accessories in the probable future; as these need frequent substitutes to suit the soil structure. PVC cables are projected to reach a high watermark in terms of CAGR during the forecast period. Infrastructure & industrial sections currently hold the major market share, but are anticipated to be outpaced by utilities & renewables; mainly wind, during the forecast period. This can be credited to offshore wind rules conducive to market development in main nations, & the increasing demand for power in emerging nations. APAC holds the major market share & is deemed to lead during the forecast period; with China at the forefront for MV cables & accessories. Key companies in the cable and accessories market are Nexans, General Cable Technologies Corp, ABB Ltd, Brugg Group, and others. The report covers Industrial, Renewable with detailed analysis Global Cables & Accessories Market with the classifications of the market on the Voltage, End-User Installation & region. Analysis of past market dynamics from 2024 to 2030 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of Types, labor cost, availability of advanced Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.Cables & Accessories Market Scope: Inquire before buying
Cables & Accessories Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 166.55 Bn. Forecast Period 2024 to 2030 CAGR: 5.35% Market Size in 2030: US $ 239.88 Bn. Segments Covered: by Voltage Low Voltage Medium Voltage High Voltage by End-User Industrial Renewable by Installation Overhead Cables & Accessories Underground Cables & Accessories Cables & Accessories Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Cables & Accessories Market, Key Players:
1. Prysmian 2. NKT Cables 3. Nexans 4. General Cable 5. ABB 6. Sumitomo 7. Dubai Cable 8. Tele-Fonika 9. LS Cable 10.Southwire 11.Furukawa 12.Elsewedy 13.Kabelwerke 14.Taihan Electric Wire Company Ltd 15.Brugg Group 16.Bahra Advanced Cable Manufacture Co Ltd 17.Caledonian Cables Ltd 18.TPC Wire & Cable Corp 19.Top Cable 20.Riyadh Cables Group of Companies 21.Southwire Company LLC 22.Eland Cables Ltd. 23.PFISTERER Holding AG 24.REPL International Limited 25.Sudkabel GmbH 26.Yamuna Cable Accessories (P) Limited Frequently Asked Questions: 1. Which region has the largest share in Global Cables and Accessories Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Cables and Accessories Market? Ans: The Global Cables and Accessories Market is expected to grow at a CAGR of 5.35% during forecasting period 2024-2030. 3. What is scope of the Global Cables and Accessories market report? Ans: Global Cables and Accessories Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Cables and Accessories market? Ans: The important key players in the Global Cables and Accessories Market are – Prysmian, NKT Cables, Nexans, General Cable, ABB, Sumitomo, Dubai Cable, Tele-Fonika, LS Cable, Southwire, Furukawa, Elsewedy, Kabelwerke, Taihan Electric Wire Company Ltd, Brugg Group, Bahra Advanced Cable Manufacture Co Ltd, Caledonian Cables Ltd, TPC Wire & Cable Corp, Top Cable, Riyadh Cables Group of Companies, and Southwire Company LLC. 5. What is the study period of this market? Ans: The Global Cables and Accessories Market is studied from 2024 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Cables & Accessories Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Cables & Accessories Market 3.4. Geographical Snapshot of the Cables & Accessories Market, By Manufacturer share 4. Global Cables & Accessories Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Types 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Cables & Accessories Market 5. Supply Side and Demand Side Indicators 6. Global Cables & Accessories Market Analysis and Forecast, 2023-2030 6.1. Global Cables & Accessories Market Size & Y-o-Y Growth Analysis. 7. Global Cables & Accessories Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 7.1.1. Low Voltage 7.1.2. Medium Voltage 7.1.3. High Voltage 7.2. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 7.2.1. Industrial 7.2.2. Renewable 7.3. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 7.3.1. Overhead Cables & Accessories 7.3.2. Underground Cables & Accessories 8. Global Cables & Accessories Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Cables & Accessories Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 9.1.1. Low Voltage 9.1.2. Medium Voltage 9.1.3. High Voltage 9.2. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 9.2.1. Industrial 9.2.2. Renewable 9.3. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 9.3.1. Overhead Cables & Accessories 9.3.2. Underground Cables & Accessories. 10. North America Cables & Accessories Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Cables & Accessories Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 12. Canada Cables & Accessories Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 13. Mexico Cables & Accessories Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 14. Europe Cables & Accessories Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 15. Europe Cables & Accessories Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Cables & Accessories Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 17. France Cables & Accessories Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 18. Germany Cables & Accessories Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 19. Italy Cables & Accessories Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 20. Spain Cables & Accessories Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 21. Sweden Cables & Accessories Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 22. CIS Countries Cables & Accessories Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 23. Rest of Europe Cables & Accessories Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 24. Asia Pacific Cables & Accessories Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 25. Asia Pacific Cables & Accessories Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Cables & Accessories Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 27. India Cables & Accessories Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 28. Japan Cables & Accessories Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 29. South Korea Cables & Accessories Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 30. Australia Cables & Accessories Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 31. ASEAN Cables & Accessories Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 32. Rest of Asia Pacific Cables & Accessories Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 33. Middle East Africa Cables & Accessories Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 34. Middle East Africa Cables & Accessories Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Cables & Accessories Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 36. GCC Countries Cables & Accessories Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 37. Egypt Cables & Accessories Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 38. Nigeria Cables & Accessories Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 39. Rest of ME&A Cables & Accessories Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 40. South America Cables & Accessories Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 41. South America Cables & Accessories Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Cables & Accessories Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 43. Argentina Cables & Accessories Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 44. Rest of South America Cables & Accessories Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Installation, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By Voltage, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Cables & Accessories Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Voltage and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Installations 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Prysmian 45.3.2. NKT Cables 45.3.3. Nexans 45.3.4. General Cable 45.3.5. ABB 45.3.6. Sumitomo 45.3.7. Dubai Cable 45.3.8. Tele-Fonika 45.3.9. LS Cable 45.3.10. Southwire 45.3.11. Furukawa 45.3.12. Elsewedy 45.3.13. Kabelwerke 45.3.14. Taihan Electric Wire Company Ltd 45.3.15. Brugg Group 45.3.16. Bahra Advanced Cable Manufacture Co Ltd 45.3.17. Caledonian Cables Ltd 45.3.18. TPC Wire & Cable Corp 45.3.19. Top Cable 45.3.20. Riyadh Cables Group of Companies 45.3.21. Southwire Company LLC 45.3.22. Eland Cables Ltd. 45.3.23. PFISTERER Holding AG 45.3.24. REPL International Limited 45.3.25. Sudkabel GmbH 45.3.26. Yamuna Cable Accessories (P) Limited 46. Primary Key Insights