Global Cable Accessories Market 2018-2022
About this market
Renewable cable protection systems to drive growth in the market. The vendors are developing renewable cable protection system, which enhances the durability of cables and ensures a longer life. Technavio’s analysts have predicted that the cable accessories market will register a CAGR of more than 6% by 2022.
Large-scale deployment of explosion-resistant cable terminations
The self-supporting, fluid-filled cable terminations exhibit exceptional long-term performance and been in use since HV power cables were developed.
Fragmentation in emerging markets
The fragmentation of cable accessories market in emerging countries, and consequently the intense competition among vendors in the countries, is a challenge to the market.
For the detailed list of factors that will drive and challenge the growth of the cable accessories market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Nexans and Prysmian Group the competitive environment is quite intense. Factors such as the renewable cable protection systems and the large-scale deployment of explosion-resistant cable terminations, will provide considerable growth opportunities to cable accessories manufactures. 3M, ABB, Kabelwerke Brugg, Nexans, and Prysmian Group are some of the major companies covered in this report.
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