Global Cable Accessories Market Outlook 2018, Share, Growth, Trends and Forecast to 2023

IMARC Group’s recent report, titled “Cable Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global cable accessories market reached a value of US$ 44 Billion in 2017. Cable accessories form an integral part of cable networks, and include tools and devices such as cable joints, heat shrinks, porcelain termination and connector systems, etc. These accessories are extensively used in establishing the transmission and distribution network infrastructure for telephone, electricity and internet systems. They are designed to meet a wide array of generalist and specific applications in industries such as marine and offshore, solar, nuclear, mining and railway. Over the years, expansion in the telecom and internet networks along with rapid urbanization and industrialization has led to an increased demand for cable accessories worldwide.

Global Cable Accessories Market Trends:

One of the primary factors driving the growth of the market is rising power requirements in both the developed and developing regions of the world. This has led to the adoption of smart grid technology along with the replacement of existing grid infrastructures with new transmission lines.

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