PUBLISHER: Allied Market Research | PRODUCT CODE: 1225105
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225105
The global cable joints market was valued at $16.1 billion in 2021 and is projected to reach $31.5 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. A cable joint is a one-way upper distance constraint between two attachment points on two separate bodies. Further, the cable joints are designed to withstand factors such as adverse weather conditions, current carrying capacity, connection voltage drop, and material compatibility.
The growth of the global cable joints market is majorly driven by the rise in government initiatives to expand or upgrade transmission & distribution systems paired with a rise in industrialization & urbanization in emerging economies. Further, the rapid development and investments in the renewable energy sector are anticipated to drive the growth of cable joints market. However, the high failure rate of medium voltage cable accessories acts as a prime restraint of the cable joints market. On the contrary, the increase in investments in the electrification of remote & rural areas is anticipated to provide lucrative opportunities for the cable joints industry during the forecast period.
The cable joints market is segmented on the basis of type, voltage, industry vertical, and region. On the basis of type, the market is divided into indoor and outdoor. By voltage, the market is segregated into low voltage, medium voltage, and high voltage. By industry vertical, the market is classified into industrial, aerospace & defense, oil & gas, energy & power, IT & telecommunication, and others. Region-wise, the cable joints market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operate in the market include 3M International, Nexans S.A., TE Connectivity Ltd., NKT A/S., Cable Jointer Solutions, Yamuna Power & Infrastructure Ltd., Fujikura, General Cable Technologies Corporation (Prysmian Group), ABB Ltd, and Connect Cable Accessories Co., Ltd.
Key Benefits For Stakeholders
By Type
By Voltage
By Industry Vertical
By Region