Cable Accessories Market in US 2017-2021

Overview of the cable accessories market in the US

Technavio's market study identifies the rise in automation as one of the primary growth factors for the cable accessories market in the US. Companies are steadily incorporating automation in their manufacturing process to regulate the usage of resource and control loss and to obtain high-quality output. Computer numerically controlled (CNC) machines are highly efficient and productive and reduce operational cost. Additionally, they can also be easily integrated with new technologies. CNC machines require uninterrupted power supply to carry out ongoing and efficient industry operations, which helps utilities to ensure the continuous supply of power. This will demand the need for cable accessories, subsequently driving market growth. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 5% by 2021. 

Owing to the rise in global population, there is a rising demand for electricity. Governments are focusing on renewable and clean energy sources to cater to the growing need for energy, subsequently, demanding for a large number of power cables. Cable accessories vendors are developing renewable cable protection systems that enhances the durability of these cables. Trelleborg has already developed NjordGuard that can be installed, removed, and reused safely and conveniently. The development of such renewable cable protection systems will be one of the key trends that will contribute to the growth of the cable accessories market in the US during the next few years.

Competitive landscape and key vendors

Key players in the cable accessories market in the US account for major market share. The international vendors dominate the market especially in terms of features, functionalities, quality, and services. The competition in the market is growing steadily and is influenced by product innovations and technological advancements. The growth in residential segment will provide growth opportunities to the players in the cable management accessories market.

The leading vendors in the market are -

• Nexans
• NKT Cables
• Prysmian Group

The other prominent vendors in the market are 3M, AFL, Cembre, CMP, Ensto, G&W Electric, General Cable, Southwire Company, TE Connectivity, and Thomas & Betts.

Segmentation by voltage level and analysis of the cable accessories market in US

• Low voltage (LV) cable accessories
• Medium voltage (MV) cable accessories
• High voltage (HV) cable accessories

Low voltage (LV) cable accessories are exponentially used as underground LV power cables for distributing electricity to residential areas and buildings and small commercial establishments. The US is witnessing an increase in residential construction and the large-scale installation of low voltage power cables to cater to the demand for electricity. This will drive the growth of the cable management accessories market in this segment.

Growth drivers, challenges, and upcoming trends: The rising demand for high-temperature superconducting cables

The superconducting power cables are required by for power utility companies since these cables can connect two remote substations to balance the load and enhance the overall reliability. Currently, the manufacturers provide wires with electricity capacity close to 90 Amps/cm. Owing to this low electricity carrying capacity, manufacturers are compelled to procure more wires to attain the desired power density. This will compel companies to manufacture cables with electricity density levels of more than 500 Amps/cm.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the cable accessories market in US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the cable accessories market in US?
• What are the key market trends impacting the growth of the cable accessories market in US?
• What are the challenges to market growth?
• Who are the key vendors in the cable accessories market in US?
• What are the market opportunities and threats faced by the vendors in the cable accessories market in US?
• Trending factors influencing the market shares of US.
• What are the key outcomes of the five forces analysis of the cable accessories market in US? 

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the cable accessories market in the US offers insights into the key trends and emerging drivers influencing the growth of the heavy industry sector. Our market research reports for the heavy industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like tools and components.

By considering the market forecast and size, surging demand for various tools and components the market research experts at Technavio offer a comprehensive picture of the cable accessories market for the estimated period of 2017 to 2021.  Furthermore, our research practices support clients develop effective growth strategies and keep pace with the continually changing market landscape. This market study also presents an extensive analysis of the market with data and insights collected from exhaustive primary and secondary research. This upcoming market research report on the cable accessories market in the US also covers vendors like ABB, Nexans, NKT Cables, Prysmian, AFL, Birkett, Brugg, Denso, and Ensto.

This upcoming industry report on the cable accessories market in the US also considers the growth of the related tools and components market such as the global industrial brushes market, which is expected to project a CAGR of above 5% during the forecasted period. This report will help both the established players and emerging players in the US to make smart business decisions by accurately predicting market growth and presenting an assessment of the competitive landscape.

The upcoming industry research report on the cable accessories market in the US also categorizes the key drivers, major trends, as well as opportunities and challenges faced by tools and components sector. It also presents insights into the rapidly changing competitive scenario to give clients a complete overview of the forthcoming events within the heavy industry sector. Technavio also provides deep-dive market assessments into the sectors such as test and measurement and engineering tools.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.