Cable and accessories market size to increase by $ 6.91 bn during 2020-2024

The “Cable and Accessories Market – Competitive Analysis, Impact of COVID-19, Five Force Analysis” report has been added to Technavio’s offering.

The cable and accessories market value is anticipated to grow by $ 6.91 bn, progressing at a CAGR of over 3.47% during the forecast period.

Cable and Accessories Market Dynamics
Factors such as the large-scale deployment of explosion-resistant cable terminations and the evolution of high-temperature superconducting cables will be crucial in driving the growth of the cable and accessories market. But the fragmentation in emerging markets will restrict the market growth.

The renewable cable protection systems will have a positive impact on the growth of vendors. On the other hand, the faults in cable terminations and joints resulting in cable failure are expected to reduce the growth potential in the market.

Cable and Accessories Competitive Analysis
The competitive scenario provided in the cable accessories market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Cable and Accessories Market Segmentation

• By Application, the market is classified into the following segments – low voltage, medium voltage, and high voltage.
• By Geography, the market is classified as APAC, Europe, North America, MEA, and South America. APAC will have the largest share of the market. PR Newswire