NEW YORK, The cables and accessories market is expected to grow by USD 39.80 bn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 5.43% during the forecast period.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Cables and Accessories Market 2021-2025: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
BRUGG GROUP AG, Ducab, Furukawa Electric Co. Ltd., LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Southwire Co. LLC, TE Connectivity Ltd., and Tele-Fonika Kable SA are among some of the major market participants. The key offerings of some of these vendors are listed below:
BRUGG GROUP AG – The company offers cable and accessories to industries such as power distribution systems, power stations, substation, and smart grid.Ducab – The company offers cable and accessories of product standards such as BSEN 50288-7, BS 6231, BS 7889, BS 6387 CWZ, BS 6883, and others.Furukawa Electric Co. Ltd. – The company offers cable and accessories such as power cables and terminal products.LS Cable and System Ltd. – The company offers cable and accessories for industries such as electric power, wind power, railways, marine and offshore, airports, wide area network, urban communication and others.Nexans SA – The company offers cable and accessories for buildings, port infrastructure, airport infrastructure, and electric vehicle charging solution.
Cables and Accessories Market 2021-2025: Drives and Challenges
The rising global population and increasing utilization of consumer electronics are driving the cables and accessories market growth. However, factors such as volatility in raw material costs and unexpected electricity loss may impede market growth.
Cables and Accessories Market 2021-2025: Segmentation
By voltageLowMediumHighBy geographyAPACEuropeNorth AmericaMEASouth America
Cables and Accessories Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025Detailed information on factors that will assist cables and accessories market growth during the next five yearsEstimation of the cables and accessories market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the cables and accessories marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of cables and accessories market, vendors
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