Dublin, Aug. 20, 2019 (GLOBE NEWSWIRE) -- The "Cables and Accessories - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
Cables and Accessories market worldwide is projected to grow by US$53.7 Billion, guided by a compounded growth of 5.3%.
Staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments.
Low Voltage Cables & Accessories, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$106.1 Billion by the year 2025, Low Voltage Cables & Accessories will bring in healthy gains adding significant momentum to global growth.
While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers. Representing the developed world, the United States will maintain a 4.6% growth momentum.
Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.3 Billion to the region's size and clout in the next 5 to 6 years. Over US$6.2 Billion worth of projected demand in the region will come from other emerging Eastern European markets.
In Japan, Low Voltage Cables & Accessories will reach a market size of US$6.5 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7% over the next couple of years and add approximately US$12.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- ABB Group (Switzerland)
- Brugg Kabel AG (Switzerland)
- Nexans S.A. (France)
- NKT Cables Group GmbH (Germany)
- PFISTERER Holding AG (Germany)
- Prysmian Group (Italy)
- REPL International Limited (United Kingdom)
- Sdkabel GmbH (Germany)
- Taihan Electric Wire Co. Ltd. (Korea)
- Yamuna Cable Accessories (P) Limited (India)
For more information about this report visit https://www.researchandmarkets.com/r/ak1l62
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