The Europe cable accessories market size reached USD 15.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 23.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.1% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 15.3 Billion |
Market Forecast in 2033
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USD 23.9 Billion |
Market Growth Rate (2025-2033) | 5.1% |
Cable accessories are an integral part of the power cable system used for the transmission and distribution (T&D) of electricity from the point of generation to consumption and across the distribution cable networks. They are used to connect cables with insulation materials that protect the wires from degradation and erosion due to environmental stress and ultraviolet (UV) light. Some standard cable accessories include power cable joints, terminations, connectors, cable lugs and heat-shrinkable cable breakouts. These accessories play a crucial role in providing strength to cables and reliable service over long operating life.
The Europe cable accessories market is primarily driven by government initiatives to improve the T&D systems, with an increase in power demand and the introduction of favorable renewable energy policies. Besides this, the European Union has established a target of 20% of its total electricity consumption from renewables by 2020. With the ever-increasing adoption of smart grids, the demand for power cables and related accessories, such as terminations, joints, and bushings, is anticipated to grow. As a result, some of the vendors have started providing cable accessories for smart grid technology. For instance, the 3M Company offers QS20, a sensor-equipped cable accessory that can be used to measure real-time data related to the current and voltage. It is designed to work with transformers and air and gas-insulated switchgear.
IMARC Group provides an analysis of the key trends in each segment of the Europe cable accessories market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on voltage, installation and end user.
Breakup by Voltage:
Breakup by Installation:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Voltage, Installation, End User, Country |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |