accesories

Worldwide Cable Accessories Industry to 2025 – Underground Segment to be the Fastest Growing Market

DUBLIN–(BUSINESS WIRE)–Oct 8, 2020–

The “Cable Accessories Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The global cable accessories market is expected to grow at a CAGR of over 4% during the forecast period. Factors such as the growing electricity generation and consumption, along with changing power generation industry dynamics are expected to drive the transmission and distribution network growth which, in turn, is expected to drive the cable accessories market.

Moreover, with the growing penetration of renewable energy for power generation, demand is expected to increase for new grids and distribution lines, further promulgating the market during the forecast period. The challenge, however, such as intricate project planning, delay in approval procedures, and funding constrictions for power projects at a global level is expected to hinder the growth of the cable accessories market.

Companies Mentioned

  • ABB Limited
  • Nexans SA
  • NKT A/S
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