Cables and Accessories Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Research Report Covers Global Cable Accessories Market Share and is Segmented by Voltage Level (Low, Medium, and High), Location of Deployment (Overhead, Underground, and Submarine), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The market size and forecasts are provided in terms of revenue (USD Billion) for all the above segments.

Cables and Accessories Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Cable Accessories Market Size

Cable Accessories Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Cable Accessories Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Cable Accessories Market Analysis

The Cable Accessories Market is expected to register a CAGR of greater than 4% during the forecast period.

The market was moderately impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.

  • Over the medium term, factors such as the growing electricity generation and consumption, along with changing power generation industry dynamics, are expected to drive the transmission and distribution network growth, which, in turn, is expected to drive the cable accessories market.
  • On the other hand, challenges such as intricate project planning, delay in approval procedures, and funding constrictions for power projects at a global level are expected to hinder the growth of the cable accessories market.
  • Nevertheless, with rising electrification projects in Africa, cables are used for power generation transmission and distribution from substations to the customer. The increasing rural electrification in African and Asian countries is expected to offer tremendous opportunities for cable accessories market players.
  • Asia-Pacific is expected to be the largest and the fastest growing region during the forecast period, bolstered by a high urbanization growth rate and growing electricity demand, mainly from China and India.

Cable Accessories Industry Overview

The Cable Accessories Market is moderately fragmented. Some of the key players (not in a particular order) are Eland Cables Ltd., ABB Limited, Prysmian SpA, NKT A/S, and Nexans SA, among others.

Cable Accessories Market Leaders

  1. Eland Cables Ltd.

  2. ABB Ltd.

  3. Prysmian SpA

  4. NKT A/S

  5. Nexans SA

  6. *Disclaimer: Major Players sorted in no particular order
Cable Accessories Market Concentration
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Cable Accessories Market News

  • December 2022: NKT was awarded a turnkey cable system contract for the electrification of the North of Alvheim (NOA) and Krafla offshore fields in the North Sea's NOAKA area. More than 255 kilometers of 145kV high-voltage AC power cables will be designed, manufactured, and installed by the cable-laying vessel NKT Victoria.
  • February 2022: Sumitomo Electric Industries, Ltd. was granted a Limited Notice to Proceed (LNTP) by Samsung C&T Corporation to supply a direct High-Voltage Current (HVDC) cable to Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE). The project is worth approximately USD 200 million, and system operations are planned to begin in 2025.

Cable Accessories Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD Billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Voltage Level
    • 5.1.1 Low
    • 5.1.2 Medium
    • 5.1.3 High
  • 5.2 Location of Deployment
    • 5.2.1 Overhead
    • 5.2.2 Underground
    • 5.2.3 Submarine
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Limited
    • 6.3.2 Nexans SA
    • 6.3.3 NKT A/S
    • 6.3.4 Prysmian SpA
    • 6.3.5 Eland Cables Ltd
    • 6.3.6 TE Connectivity Ltd
    • 6.3.7 Sumitomo Electric Industries Limited
    • 6.3.8 Brugg Kabel AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Cable Accessories Industry Segmentation

Cable accessories are designed to connect cables, isolate the conductor from direct contact with the ground, and protect the cable from damage and erosion caused by environmental stress, UV light, and another medium.

The Cable Accessories Market is segmented by voltage level, location of deployment, and geography. By voltage level, the market is segmented into low, medium, and high. By location of deployment, the market is segmented into overhead, underground, and submarine. The report also covers the market size and forecasts for the cable accessories market across the major regions. For each segment, the market sizing and forecasts is based on the revenue (USD Billion).

Voltage Level Low
Medium
High
Location of Deployment Overhead
Underground
Submarine
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Cable Accessories Market Research FAQs

What is the current Cable Accessories Market size?

The Cable Accessories Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Cable Accessories Market?

Eland Cables Ltd., ABB Ltd., Prysmian SpA, NKT A/S and Nexans SA are the major companies operating in the Cable Accessories Market.

Which is the fastest growing region in Cable Accessories Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Cable Accessories Market?

In 2025, the Asia Pacific accounts for the largest market share in Cable Accessories Market.

What years does this Cable Accessories Market cover?

The report covers the Cable Accessories Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Cable Accessories Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Cables and Accessories Industry Report

Statistics for the 2025 Cable Accessories market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cable Accessories analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.