“Lucintel’s latest study found that, The future of the global cable lugs market looks promising with opportunities in the automotive, construction, manufacturing & processing, power & utilities, and aerospace applications. The global cable lugs market is expected to reach an estimated $9.9 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are rising need for low voltage and medium voltage electrical systems in the construction and automotive industries , tremendous demand for energy and energy services ,and growing number of renewable energy projects.
In this market, aluminum, copper, plastic, and stainless steel are the major segments of cable lugs market by type.
Lucintel forecast that aluminium is expected to witness highest growth over the forecast period due to its higher safety, reliability and secure connection between the wires, which allows electricity to be safely transmitted.
Browse in depth TOC of the Cable Lugs Market
100 – Figures
Cable Lugs Market is marked by presence of several big and small players.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
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