The global cables and accessories market is estimated to reach USD 121.63 Billion in 2017, and is further projected to reach USD 158.25 Billion by 2022 growing at a CAGR of 5.40%. The market is set to witness growth, due to increasing urbanization, industrialization, and rising demand for electricity from the industrial, commercial, and residential sectors.

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Low voltage cables and accessories market in the Infrastructure segment is expected to be the largest, by end-user, in 2017. The growth of this segment is mainly driven by the increasing adoption of low voltage cables in the commercial and residential sectors in the developing economies in South Asia, namely, India, Indonesia, Philippines among others. Upgrade and replacement of the current infrastructures in the European and North American regions are expected to drive the low voltage cables and accessories market in the respective geographies. Globally, expansion of transmission and distribution network and adoption of smart grid technology are also the major factors for a large market share held by the segment.

Top Vendors Profiled in the Cables and Accessories Market include are
• Prysmian (Italy),
• Nexans (France),
• NKT Cables (Germany),
• General Cables (US),
• Sumitomo (Japan),
• ABB (Switzerland) and many more…

Objectives of the Study
• To define, describe, and forecast the cables and accessories market by voltage, LV by installation, LV by end-user, and region
• To provide detailed information regarding major factors influencing the growth of the cables and accessories market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the cables and accessories market with respect to individual growth trends, future projections, and the contribution of each segment to the market
• To track and analyze competitive developments such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations in the cables and accessories market
• To profile key players and comprehensively analyze their market ranking and core competencies

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Asia-Pacific: Expected to be the leading market for low voltage cables and accessories during the forecast period

Low voltage cables and accessories market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Demand in Asia-Pacific is expected to lead the low voltage cables and accessories market, by region. Increasing demand for electrical energy due to urbanization and industrialization, as well as rising government mandates to achieve sustainable goals, is likely to drive the market during the forecast period in the region. Increasing power demand in countries such as India would require massive addition to the installed power generating capacity and development of adequate infrastructure. This would further drive the low voltage cables and accessories market in Asia-Pacific.