“Lucintel’s latest study found that, The future of the global cable accessory market looks promising with opportunities in the industrial, renewable, and infrastructure markets. The global cable accessory market is expected to reach an estimated $70.4 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising demand for eco-friendly and energy-efficient accessory, increasing preference for compact and space-saving product ,and growing demand for electricity from various end-use industries, such as oil & gas, construction, and manufacturing.
In this market, overhead cable accessory, underground cable accessory, and submarine cable accessory are the major segments of cable accessory market by end use industry.
Lucintel forecast that overhead cable accessory is expected to witness highest growth over the forecast period due to its various advantages, such as low cost, easy installation, easy troubleshoot, natural cooling, less size of conductors, and upgradation.
Browse in depth TOC of the Cable Accessory Market
100 – Figures
Cable Accessory Market is marked by presence of several big and small players.
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