The report "Cables
and Accessories Market by Voltage (Low, Medium,
High), LV by Installation (Overhead (Conductors, Accessories), Underground
(PVC, XLPE, Terminations, and Joints)), LV by End-User (Industrial,
Renewables), and Region - Global Forecast to 2022", The global cable s and
accessories market is estimated to reach USD 121.63 Billion in 2017, and is
further projected to reach USD 158.25 Billion by 2022 growing at a CAGR of
5.40%. The market is set to witness growth, due to increasing urbanization,
industrialization, and rising demand for electricity from the industrial,
commercial, and residential sectors.
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Overhead cables and accessories segment is expected to hold the largest share of low voltage cables and accessories market, by installation, during the forecast period
Overhead cables and accessories are cost-effective and
convenient to install making it currently more preferred in the entire market.
Driven by the capability to meet increasing power demand and growth in rural
electrification in the developing countries such as India, Thailand, Malaysia,
, this segment is expected witness decent growth during the forecast period.
Browse and in-depth TOC on “Cables and Accessories
Market”
128 – Tables
47 – Figures
196 – Pages
Infrastructure segment is
expected to be the largest in the low voltage cables and accessories market, by
end-user, in 2017
Low voltage cables and accessories market in the
Infrastructure segment is expected to be the largest, by end-user, in 2017. The
growth of this segment is mainly driven by the increasing adoption of low
voltage cables in the commercial and residential sectors in the developing
economies in South Asia, namely, India, Indonesia, Philippines among others.
Upgrade and replacement of the current infrastructures in the European and
North American regions are expected to drive the low voltage cables and
accessories market in the respective geographies. Globally, expansion of
transmission and distribution network and adoption of smart grid technology are
also the major factors for a large market share held by the segment.
Asia-Pacific: Expected to be
the leading market for low voltage cables and accessories during the forecast
period
Low voltage cables and accessories market has been analyzed with
respect to five regions, namely, North America, Europe, Asia Pacific, Latin
America, and the Middle East and Africa. Demand in Asia-Pacific is expected to
lead the low voltage cables and accessories
market, by region. Increasing demand for electrical energy due
to urbanization and industrialization, as well as rising government mandates to
achieve sustainable goals, is likely to drive the market during the forecast
period in the region. Increasing power demand in countries such as India would
require massive addition to the installed power generating capacity and
development of adequate infrastructure. This would further drive the low
voltage cables and accessories market in Asia-Pacific.
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To enable an in-depth understanding of the competitive
landscape, the report includes some of the top players in the cables and accessories market. These players
include Prysmian (Italy), Nexans (France), NKT Cables (Germany), General Cables
(US), Sumitomo (Japan), and ABB (Switzerland). Leading players are trying to
understand the markets in developing economies and are adopting various
strategies to increase their market share.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
