Global Cables and Accessories- Market Overview:
Cables and accessories are integral components used in electrical and electronic systems to facilitate the transmission of power, data, and signals between various devices and components. These cables come in various types, including power cables, data cables, coaxial cables, and fibre optic cables, each designed for specific applications and environments. Accessories complement cables and include a wide range of components that support their installation, termination, and protection. This includes connectors, terminals, adapters, splices, junction boxes, cable glands, and protective enclosures. With the ongoing expansion and modernization of infrastructure, including buildings, transportation networks, energy grids, and telecommunications systems, the demand for cables and accessories is anticipated to increase in the forecasted years
As per latest study released by AMA Research, the Global Cables and Accessories- market is expected to see growth rate of 5.8%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing need for cables and accessories that can support higher bandwidths and faster data transfer
Market Growth Drivers:
Increasing the shift towards renewable energy sources, such as solar, wind, and hydroelectric power, and The increasing digitization of infrastructure drives the demand for cables and accessories.
Challenges:
Product differentiation can be difficult in cables and accessories
Restraints:
Increasing awareness of environmental issues and sustainability considerations can pose challenges for companies in the cables and accessories industry.
Opportunities:
Rising expansion in telecommunications networks, 5G deployment, and broadband expansion drives demand for high-speed data cables and accessories.
Competitive Landscape:
There is a continuous and increasing demand for cables and accessories across various industries, including telecommunications, construction, automotive, and energy. Rapid urbanization, infrastructure development, and technological advancements drive the need for reliable connectivity solutions, creating opportunities for new entrants to capitalize on market demand. Emerging trends such as smart cities, renewable energy, electric vehicles, and 5G connectivity present new opportunities for cable and accessory manufacturers. New entrants can align their product development and innovation strategies with these emerging trends to address evolving customer needs and market demands.
Some of the key players profiled in the report are Infinite Electronics International (United States), CommScope (United States), Amphenol Corporation (United States), NKT A/S (Denmark), ABB (Switzerland), TKD Kabel GmbH (United Kingdom), Nexans (France), Belden Inc. (United States), HENGTONG GROUP CO., LTD. (China), Sumitomo Electric Industries, Ltd. (Japan) and TE Connectivity (United States). Additionally, following companies can also be profiled that are part of our coverage like Havells India Ltd (India), Prysmian SpA (Italy), Panasonic Life Solutions India Private Limited (India), REPL International (United Kingdom) and FURUKAWA ELECTRIC CO., LTD. (Japan). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Cables and Accessories- market by 2030. Considering Market by Installation, the sub-segment i.e. Overhead will boost the Cables and Accessories- market. Considering Market by Voltage, the sub-segment i.e. Low will boost the Cables and Accessories- market. Considering Market by End User, the sub-segment i.e. Automotive will boost the Cables and Accessories- market.
Latest Market Insights:
In February 2023, Infinite Electronics, Inc., a prominent connectivity solution brand, announced that it had completed the acquisition of Cable Connectivity Group. With this acquisition, the company is enhancing its presence in Europe to extend its reach and strengthen its position in meeting customer demands for cable connectivity solutions.
In March 2023, CommScope, a prominent figure in network connectivity solutions worldwide, announced plans to widen its production of fiber-optic cables. This initiative aims to increase the deployment of broadband services throughout the United States, thereby linking additional communities and addressing underserved areas.
Construction Products Regulation (CPR) has set guidelines for all cable manufacturers and suppliers to now affix CE marking to all cables that are permanently installed in household, commercial, or industrial buildings, as well as civil engineering projects within the European Union. The standard EN 50575 outlines the testing criteria for evaluating the 'Reaction to Fire' performance of cables and specifies the classification method for determining this performance level.
What Can be Explored with the Cables and Accessories- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cables and Accessories- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cables and Accessories-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cables and Accessories- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cables and Accessories- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Sellers and Suppliers, Government Agencies, Regulatory Bodies, Potential Investors and Research and Development Institutes.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.