About Cable Accessories
Cable accessories are an integral part of the cable systems and are essentially required with the power cables for transmission and distribution of electricity from the point of generation to the corresponding point of consumption. Depending on the operating voltage level, power cables are broadly segmented into low voltage (below 1 kV), medium voltage (1 kV to 33 kV), and high voltage (above 33 kV). Based on the voltage level application, cable accessories also vary in terms of technical specifications.
Technavio’s analysts forecast the cable accessories market in the US to grow at a CAGR of 5.17% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the cable accessories market in the US for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Cable Accessories Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Cable Accessories Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the cable accessories market in the US: Nexans, NKT Cables, and Prysmian Group.
Other Prominent Vendors in the market are: 3M, AFL, Cembre, CMP, Ensto, G&W Electric, General Cable, Southwire Company, TE Connectivity, and Thomas & Betts.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Renewable cable protection systems. Growing population has resulted in an increasing need for electricity. Governments internationally are emphasizing on renewable and clean energy to meet their rising energy demands, and the US is no different. To connect these renewable sources to the distribution network requires a large number of power cables. Vendors these days are developing renewable cable protection system, which enhances the durability of cables ensuring longer life. One such innovation is NjordGuard a protection system for the renewables market developed by Trelleborg.”
According to the report, one of the major drivers for this market is Development and testing of explosion-resistant cable terminations. The use of self-supporting, fluid-filled terminations had been in existence since the development and use of HV power cables. Due to the exceptional long-term performance of these terminations, they have been the primary choice of all the network operators for several years. These fluid-filled terminations are now increasingly replacing porcelain terminations. The latest edition of fluid-filled terminations is designed around a hollow core composite housing. The design also incorporates a silicone rubber stress cone installed deep within the cable insulation. A variant of silicone oil compound fills the rest of the remaining volume.
Further, the report states that one of the major factors hindering the growth of this market is Challenges associated with cable terminations and connector systems in the drilling industry. The drilling industry faces many challenges when it comes to design, manufacturing, and testing of subsea electrical cable connectors and termination systems. Connectors that are required to be installed on-site must be resilient enough to withstand adverse effects of temperature and pressure prevalent at sea beds and must be able to endure extreme environmental conditions within the perimeter of drilling activities. Cable connector manufacturers should keep in mind such detrimental aspects while manufacturing cable connectors and terminations.
Nexans, NKT Cables, Prysmian Group, 3M, AFL, Cembre, CMP, Ensto, G&W Electric, General Cable, Southwire Company, TE Connectivity, and Thomas & Betts.