Zion Market Research Cable and accessories market, 2016 – 2024 | Page 2

Cable and Accessories Market
Global Cable and Accessories Market : Overview
Cable accessories are an integral part of the power cable systems . These are extensively used in the transmission and distribution of electricity . These cable accessories include connector systems , cable joints , termination , and so on . Cable accessories are prominently used in lowvoltage applications where they possess high network density as compared to high- and medium-voltage applications . For instance , Prysmian Group , the world leader in the energy and telecom cables and systems industry , signed an agreement for the acquisition of the German copper data cable operation . The business reported the sale of approximately € 22 Million in 2015 for the production of CAT5 , CAT6 , and CAT7 cables .
Global Cable and Accessories Market : Growth Factors
People are moving towards conventional sources of renewable energy ; this may drive the demand in the global market in future . Owing to rising population and increasing disposal income the global cable and accessories market is anticipated to grow in the near future . Associated tidal energy projects are also impacting the global market in a positive way . New insulation technologies in the cable and accessories market are expected to fuel the demand in future . Considerable demand from emerging economies is also contributing to the global market growth . Growing demand from key end-use applications also impacts the market growth positively . Lack of financial assistance and poor planning of the projects are few market