According to the new market research report by IMARC Group, the India cable accessories market size reached US$ 2.6 Billion in 2021. Looking forward, the market expected to reach US$4.1 Billion by 2027, exhibiting a CAGR of 7.6% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Cable accessories refer to key components that are used to connect cables and insulate conductors in direct contact with the earth. The wide variety of cable accessories include porcelain terminations, heat shrinks, cable joints, connector systems, etc. These accessories extend the working life of power equipment in overhead and underground installations. Cable accessories also protect cables from erosion caused by ultraviolet (UV) rays, environmental stress, or other natural phenomena.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The increasing levels of urbanization, rising internet penetration, and expanding population are driving the India cable accessories market. Furthermore, the growing use of cable accessories in the construction and railways sectors is contributing to the market growth. Moreover, the extensive adoption of cable accessories in the installation of transmission and distribution (T&D) networks for internet systems, telephone, and electricity is bolstering the product demand. Besides this, the rising number of private players in the power T&D market has resulted in large-scale investments, which are further expected to propel the growth of the India cable accessories market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India cable accessories market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on voltage, installation and end user.
Breakup by Voltage:
- Low Voltage Cable Accessories
- Medium Voltage Cable Accessories
- High Voltage Cable Accessories
Breakup by Installation:
- Overhead Cable Accessories
- Underground Accessories
Breakup by End User:
Breakup by Region:
- North India
- West and Central India
- South India
- East India
For more information about this report visit: https://www.imarcgroup.com/india-cable-accessories-market
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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