Underground Cable Accessories Market By Voltage (Low, Medium, High) , By Installation (New Installation, Repair) By End User (Industrial, Renewable) : Global Opportunity Analysis and Industry Forecast, 2024-2032

Description

Underground Cable Accessories Market

The underground cable accessories market was valued at $18.4 billion in 2023 and is projected to reach $35.4 billion by 2032, growing at a CAGR of 7.5% from 2024 to 2032.

Underground cable accessories comprise of materials required to install, connect, and safeguard the cables. Some of the key accessories include joints, splices, sealing end caps, underground enclosures, and cable terminations. The accessories are developed from high-end materials to withstand extreme environments such as high temperature & humidity, pollutants, and chemicals. The heat-shrinkable properties of accessories offer diverse insulation levels to the cables and safeguard them.

Rapid surge in industrialization and urbanization is a key driver of the underground cable accessories market due to increase in construction projects and rise in government initiatives to expand the transmission & distribution infrastructure. In addition, upsurge in the adoption of smart grids is boosting the demand for underground cable accessories to prevent blackouts and ensure grid stability. The digitalization of accessories is an emerging trend anticipated to transform the landscape of the market. The assimilation of sensors and smart monitoring systems within accessories is enhancing the reliability of electrical systems through predictive maintenance and concurrent monitoring. The integration of smart systems is poised to reduce the downtime of electrical systems and extend their utility.

However, volatility in the prices of raw materials impacts the development of the underground cable accessories market. Furthermore, the initiation of power projects is subject to several regulatory compliances associated with the funding and environmental concerns, which restrains the growth of the market. On the contrary, the provision of funds by governments is expected to present lucrative opportunities for the market. For instance, in China, the local governments allocated an estimated amount of $471.262 billion to facilitate around 23,800 projects associated with the advancement of the rural infrastructure. Moreover, the Government of India offers tax profits to businesses associated with infrastructure development.

Segment Review

The underground cable accessories market is segmented into voltage, installation, end user, and region. On the basis of voltage, it is divided into low, medium, and high. As per installation, it is bifurcated into new installation and repair. Depending on end user, it is classified into industrial and renewable. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of voltage, the high segment held the highest market share in 2023.

As per installation, the new installation segment dominated the market in 2023.

Depending on end user, the renewable segment acquired a high stake in the market in 2023.

Region wise, Asia-Pacific was the highest revenue generator in 2023.

Competition Analysis

The leading players operating in the global underground cable accessories market include ABB, Ltd., Dubai Cable Company Private Limited, Elsewedy Electric S.A.E., Furukawa Electric Co., Ltd., LS Cable & System Ltd., Nexans S.A., NKT A/S, Prysmian Group, Sumitomo Electric Industries, Ltd., and Tele-Fonika Kable S.A. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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Market share analysis of players at global/region/country level
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Voltage

Low
Medium
High

By Installation

New Installation
Repair

By End User

Industrial
Renewable

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Colombia
- Argentina
- Rest of Latin America
Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa

Key Market Players:

ABB, Ltd.
Dubai Cable Company Private Limited
Elsewedy Electric S.A.E.
Furukawa Electric Co., Ltd.
LS Cable & System Ltd.
Nexans S.A.
NKT A/S
Prysmian Group
Sumitomo Electric Industries, Ltd.
Tele-Fonika Kable S.A.

Product Code: A129644

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: UNDERGROUND CABLE ACCESSORIES MARKET, BY VOLTAGE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Voltage
4.2. Low
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Medium
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. High
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: UNDERGROUND CABLE ACCESSORIES MARKET, BY INSTALLATION

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Installation
5.2. New Installation
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Repair
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country

CHAPTER 6: UNDERGROUND CABLE ACCESSORIES MARKET, BY END USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End User
6.2. Industrial
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Renewable
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country

CHAPTER 7: UNDERGROUND CABLE ACCESSORIES MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Voltage
- 7.2.3. Market Size and Forecast, By Installation
- 7.2.4. Market Size and Forecast, By End User
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Underground Cable Accessories Market
  - 7.2.6.1. Market Size and Forecast, By Voltage
  - 7.2.6.2. Market Size and Forecast, By Installation
  - 7.2.6.3. Market Size and Forecast, By End User
- 7.2.7. Canada Underground Cable Accessories Market
  - 7.2.7.1. Market Size and Forecast, By Voltage
  - 7.2.7.2. Market Size and Forecast, By Installation
  - 7.2.7.3. Market Size and Forecast, By End User
- 7.2.8. Mexico Underground Cable Accessories Market
  - 7.2.8.1. Market Size and Forecast, By Voltage
  - 7.2.8.2. Market Size and Forecast, By Installation
  - 7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Voltage
- 7.3.3. Market Size and Forecast, By Installation
- 7.3.4. Market Size and Forecast, By End User
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Underground Cable Accessories Market
  - 7.3.6.1. Market Size and Forecast, By Voltage
  - 7.3.6.2. Market Size and Forecast, By Installation
  - 7.3.6.3. Market Size and Forecast, By End User
- 7.3.7. Germany Underground Cable Accessories Market
  - 7.3.7.1. Market Size and Forecast, By Voltage
  - 7.3.7.2. Market Size and Forecast, By Installation
  - 7.3.7.3. Market Size and Forecast, By End User
- 7.3.8. Italy Underground Cable Accessories Market
  - 7.3.8.1. Market Size and Forecast, By Voltage
  - 7.3.8.2. Market Size and Forecast, By Installation
  - 7.3.8.3. Market Size and Forecast, By End User
- 7.3.9. UK Underground Cable Accessories Market
  - 7.3.9.1. Market Size and Forecast, By Voltage
  - 7.3.9.2. Market Size and Forecast, By Installation
  - 7.3.9.3. Market Size and Forecast, By End User
- 7.3.10. Rest of Europe Underground Cable Accessories Market
  - 7.3.10.1. Market Size and Forecast, By Voltage
  - 7.3.10.2. Market Size and Forecast, By Installation
  - 7.3.10.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Voltage
- 7.4.3. Market Size and Forecast, By Installation
- 7.4.4. Market Size and Forecast, By End User
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Underground Cable Accessories Market
  - 7.4.6.1. Market Size and Forecast, By Voltage
  - 7.4.6.2. Market Size and Forecast, By Installation
  - 7.4.6.3. Market Size and Forecast, By End User
- 7.4.7. Japan Underground Cable Accessories Market
  - 7.4.7.1. Market Size and Forecast, By Voltage
  - 7.4.7.2. Market Size and Forecast, By Installation
  - 7.4.7.3. Market Size and Forecast, By End User
- 7.4.8. India Underground Cable Accessories Market
  - 7.4.8.1. Market Size and Forecast, By Voltage
  - 7.4.8.2. Market Size and Forecast, By Installation
  - 7.4.8.3. Market Size and Forecast, By End User
- 7.4.9. South Korea Underground Cable Accessories Market
  - 7.4.9.1. Market Size and Forecast, By Voltage
  - 7.4.9.2. Market Size and Forecast, By Installation
  - 7.4.9.3. Market Size and Forecast, By End User
- 7.4.10. Rest of Asia-Pacific Underground Cable Accessories Market
  - 7.4.10.1. Market Size and Forecast, By Voltage
  - 7.4.10.2. Market Size and Forecast, By Installation
  - 7.4.10.3. Market Size and Forecast, By End User
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Voltage
- 7.5.3. Market Size and Forecast, By Installation
- 7.5.4. Market Size and Forecast, By End User
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Underground Cable Accessories Market
  - 7.5.6.1. Market Size and Forecast, By Voltage
  - 7.5.6.2. Market Size and Forecast, By Installation
  - 7.5.6.3. Market Size and Forecast, By End User
- 7.5.7. Colombia Underground Cable Accessories Market
  - 7.5.7.1. Market Size and Forecast, By Voltage
  - 7.5.7.2. Market Size and Forecast, By Installation
  - 7.5.7.3. Market Size and Forecast, By End User
- 7.5.8. Argentina Underground Cable Accessories Market
  - 7.5.8.1. Market Size and Forecast, By Voltage
  - 7.5.8.2. Market Size and Forecast, By Installation
  - 7.5.8.3. Market Size and Forecast, By End User
- 7.5.9. REST of Latin America Underground Cable Accessories Market
  - 7.5.9.1. Market Size and Forecast, By Voltage
  - 7.5.9.2. Market Size and Forecast, By Installation
  - 7.5.9.3. Market Size and Forecast, By End User
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Voltage
- 7.6.3. Market Size and Forecast, By Installation
- 7.6.4. Market Size and Forecast, By End User
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. South Africa Underground Cable Accessories Market
  - 7.6.6.1. Market Size and Forecast, By Voltage
  - 7.6.6.2. Market Size and Forecast, By Installation
  - 7.6.6.3. Market Size and Forecast, By End User
- 7.6.7. Saudi Arabia Underground Cable Accessories Market
  - 7.6.7.1. Market Size and Forecast, By Voltage
  - 7.6.7.2. Market Size and Forecast, By Installation
  - 7.6.7.3. Market Size and Forecast, By End User
- 7.6.8. UAE Underground Cable Accessories Market
  - 7.6.8.1. Market Size and Forecast, By Voltage
  - 7.6.8.2. Market Size and Forecast, By Installation
  - 7.6.8.3. Market Size and Forecast, By End User
- 7.6.9. Rest of Middle East And Africa Underground Cable Accessories Market
  - 7.6.9.1. Market Size and Forecast, By Voltage
  - 7.6.9.2. Market Size and Forecast, By Installation
  - 7.6.9.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. ABB, Ltd.
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Dubai Cable Company Private Limited
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Elsewedy Electric S.A.E.
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Furukawa Electric Co., Ltd.
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. LS Cable And System Ltd.
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Nexans S.A.
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. NKT A/S
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Prysmian Group
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Sumitomo Electric Industries, Ltd.
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Tele-Fonika Kable S.A.
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments