India Cable Accessories Market to Grow at 7.6% CAGR by 2027 | IMARC Group

NOIDA, India - Sept. 7, 2022 - PRLog -- According to IMARC Group latest published report, the India cable accessories market size reached US$ 2.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a CAGR of 7.6% during 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.

Covid-19 Scenario:

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.

The report cover the below key market segments

Market Breakup by Voltage:

Low Voltage Cable Accessories
Medium Voltage Cable Accessories
High Voltage Cable Accessories

Market Breakup by Installation:

Overhead Cable Accessories
Underground Accessories

Market Breakup by End User:

Industrial
Renewables

Market Breakup by Region:

North India
West and Central India
South India
East India

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