According to the latest report by IMARC Group, titled, “United States Cable Accessories Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025“, the US cable accessories market to continue its moderate growth during the forecast period (2020-2025).
Cable accessories are key components that are used to connect cables and insulate conductors in direct contact with the earth. They generally include porcelain terminations, cable joints, heat shrinks, connector systems, etc. Cable accessories expand the working life of power equipment in underground and overhead installations. They also protect cables from erosion caused by environmental stress, ultraviolet (UV) rays, or other natural phenomena.
The rising levels of urbanization and expanding population are driving the United States cable accessories market. Moreover, the increasing adoption of smart grid technology is bolstering the market growth. Furthermore, the extensive adoption of cable accessories in the construction of buildings and housing complexes is fueling the product demand. Additionally, numerous initiatives undertaken by the US government focusing on upgrading the existing grid infrastructures by utilizing new transmission lines are augmenting the market growth. Besides this, the rising technological advancements in cable technology and growing internet penetration are expected to propel the United States cable accessories market in the upcoming years.
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Breakup by Voltage:
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- Low Voltage Cable Accessories
- Medium Voltage Cable Accessories
- High Voltage Cable Accessories
Breakup by Installation:
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- Overhead Cable Accessories
- Underground Accessories
Breakup by End User:
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- Industrial
- Renewables
Breakup by Region:
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- Northeast
- Midwest
- South
- West
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