According to the latest report released by IMARC Group, the Indian cable accessories market size reached USD 2.6 billion in 2021. Looking ahead, IMARC Group expects the market to reach USD American. 4.1 billion by 2027, growing at a CAGR of 7.6% over the period 2022-2027.
Year considered to estimate the market size:
Analysis reference year: 2021
Historical period: 2016-2021
Forecast period: 2022-2027
Cable accessories refer to key components used to connect cables and insulate conductors in direct contact with earth. The wide variety of cable accessories includes porcelain terminations, heat shrink tubing, cable seals, connector systems, and more. These accessories extend the life of electrical equipment in overhead and underground installations. Cable accessories also protect cables from erosion caused by ultraviolet (UV) rays, environmental stresses or other natural phenomena.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Market Trends and Drivers:
Rising levels of urbanization, rising internet penetration and expanding population are driving the Indian cable accessories market. Additionally, the growing use of cable accessories in the construction and railway industries is helping the market grow. Additionally, the widespread adoption of cable accessories in the installation of transmission and distribution (T&D) networks for internet, telephone and power systems is driving product demand. Furthermore, the increasing number of private players in the T&D energy market has resulted in large-scale investments, which are expected to further propel the growth of the Indian cable accessories market in the coming years.
India Cable Accessories Market Coverage and Industry Segmentation:
The report covers the key market segments below
Breakdown of the market by voltage:
Low Voltage Cable Accessories
Accessories for medium voltage cables
High Voltage Cable Accessories
Breakdown of the market by installation:
Aerial Cable Accessories
Breakdown of the market by end user:
Market Breakdown by Region:
West and Central India
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