MarketsandMarkets forecasts the Cables and Accessories market to grow from USD 121.63 billion in 2018 to USD 158.25 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 5.40% during the forecast period.

The cables and accessories report segments the market based on voltages; and Low Voltage further by installation, by end-user, and region.

Leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.

The cables and accessories market is projected to reach from USD 121.63 billion in 2017 to USD 158.25 billion, by 2022, growing at a CAGR of 5.40%, from 2017 to 2022.

Cables and Accessories Market by Voltage, LV by Installation, Underground, LV by End-User, and Region - Global Forecast to 2022

The market is set to witness growth, due to increasing urbanization, industrialization, and rising demand for electricity from the industrial, commercial, and residential sectors.