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According to Technavio's latest market research report, the global cable accessories market is expected to grow
at a CAGR of more than 6% during the period 2018-2022.
Renewable cable protection systems are one of the major trends in the development of cable accessories during the
forecast period.
The growing population has led to an increasing
demand for electricity.
Governments are emphasizing renewable energy and low-carbon, clean energy to meet their growing energy needs
.
To connect these renewable energy sources to the power distribution network, a large number of power cables are required, which is also driving the demand growth of the cable accessories market
.
According to Technavio analysts, one of the key factors contributing to the growth of the global cable accessories market is the large-scale deployment of explosion-proof cable terminals
.
Self-load-bearing and fluid-filled cable terminations have excellent long-term performance and have been in use
since the development of high-voltage cables.
From now on, these cable terminations have been the preferred choice for utility operators and are rapidly replacing porcelain terminals
.
According to a senior analyst at Technavio, "Modern fluid-filled terminals are built around a hollow composite shell with silicone rubber stress cones
installed deep in the cable insulation.
Variants of silicone oil compounds are used to fill the remaining volume
.
The simplicity of the design facilitates a wide range of applications
on a wide range of different cable sizes and types.
These terminals are effectively used in specific service environments and mechanical requirements
.
In general, liquid-filled devices are reliable and safe
.
”
From the perspective of voltage level, the low-voltage segment occupied the largest market share in 2017, accounting for 44%.
This application segment is expected to continue to dominate the global market
throughout the forecast period.
In terms of market area, the market share of the Asia-Pacific region exceeded 42%
in 2017.
The region is expected to dominate the market in 2022, with its market share growth rate of more than 1%.
According to Technavio's latest market research report, the global cable accessories market is expected to grow
at a CAGR of more than 6% during the period 2018-2022.
Renewable cable protection systems are one of the major trends in the development of cable accessories during the
forecast period.
The growing population has led to an increasing
demand for electricity.
Governments are emphasizing renewable energy and low-carbon, clean energy to meet their growing energy needs
.
To connect these renewable energy sources to the power distribution network, a large number of power cables are required, which is also driving the demand growth of the cable accessories market
.
According to Technavio analysts, one of the key factors contributing to the growth of the global cable accessories market is the large-scale deployment of explosion-proof cable terminals
.
Self-load-bearing and fluid-filled cable terminations have excellent long-term performance and have been in use
since the development of high-voltage cables.
From now on, these cable terminations have been the preferred choice for utility operators and are rapidly replacing porcelain terminals
.
According to a senior analyst at Technavio, "Modern fluid-filled terminals are built around a hollow composite shell with silicone rubber stress cones
installed deep in the cable insulation.
Variants of silicone oil compounds are used to fill the remaining volume
.
The simplicity of the design facilitates a wide range of applications
on a wide range of different cable sizes and types.
These terminals are effectively used in specific service environments and mechanical requirements
.
In general, liquid-filled devices are reliable and safe
.
”
From the perspective of voltage level, the low-voltage segment occupied the largest market share in 2017, accounting for 44%.
This application segment is expected to continue to dominate the global market
throughout the forecast period.
In terms of market area, the market share of the Asia-Pacific region exceeded 42%
in 2017.
The region is expected to dominate the market in 2022, with its market share growth rate of more than 1%.
