Medium Voltage Cable Accessories Market Report 2025 (Global Edition)

Global Medium Voltage Cable Accessories Market Report 2025 Market Size Split by Type (Cable Joints and Splice, Connectors, Seperables, Terminations, Others), by Technology (Heat Shrink, Cold Shrink, P...

Medium Voltage Cable Accessories Market Report Description

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Medium Voltage Cable Accessories Market Insights Video

Competitive Landscape of the Medium Voltage Cable Accessories Market

With many companies offering a variety of software solutions, the medium voltage cable accessories market worldwide is quite competitive. There are established businesses, as well as new and developing startups and niche players, which define the competitive landscape. Businesses are utilizing a range of tactics, including product launches and strategic alliances, to strengthen their market position and draw in a large customer base. Furthermore, to maintain an advantage over rival businesses, notable firms in the market are collaborating with other businesses. For the purpose of diversifying their product line, many businesses are investing in the introduction of new products.

In February 2024-Nexans has been awarded a significant contract to deliver 6,000 km of low and medium voltage cables and services to a prominent Italian energy company to aid Italy's energy transition between February 2024 for a period of 16 months.
(Source - https://www.nexans.com/news/nexans-awarded-major-contract-by-leading-power-utility-to-support-energy-transition-in-italy/ )

October 2023: The Department of Energy (D.O.E.) committed USD 3.46 billion to 58 grid resilience and dependability projects spread over 44 states. By supporting modern energy management and smart grid technologies, these investments hope to grow the medium voltage cable accessories industry and guarantee dependable and effective access to electricity for communities across America. (Source: https://mercomindia.com/us-strengthen-power-grid-integrate-clean-energy ) July 2023: The Italian company PRYSMIAN S.p.A. has introduced a cutting-edge P.V. cable solution for solar power generation. These cables were made to make it simple to transfer the electricity produced by solar panels, guaranteeing a smooth and efficient power transfer between the various parts of solar power circuits. (Source: https://www.prysmian.com/en/news/prysolar-the-group-s-new-pv-cable-solution )

Top Companies Market Share in Medium Voltage Cable Accessories Industry: (In no particular order of Rank)

• Phoenix Technology Group Co. Ltd
• Compaq International (P) Ltd.
• REPL International
• Sumitomo Electric U.S.A.
• Yamuna Infra & Technology Pvt. Ltd.
• NKT A/S
• ABB
• 3M
• BEHR BIRCHER CELLPACK BBC AG
• Nexans
• T.E. Connectivity
• Prysmian
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Medium Voltage Cable Accessories Market

Which Region Dominates the Medium Voltage Cable Accessories Market in 2024?

According to Cognitive Market Research, North America currently dominates the Medium Voltage Cable Accessories market, and the region is expected to have significant growth during the projected period. This is caused by a number of things, such as a strong industrial base, increased attention to renewable energy projects, and efforts to modernize the system. The necessity to modernize old infrastructure is another factor driving the market for medium voltage goods in North America. The need for medium voltage cable accessories has increased significantly. The rapid industrialization, urbanization, and development of infrastructure has facilitated this growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The swift urbanization and industrialization occurring in nations like China and India greatly contribute to the market's expansion. The region's need for medium voltage cable accessories is fueled by rising electricity consumption as well as developments in renewable energy and infrastructure. Demand in the region is also being driven by government initiatives to replace old power plants and boost power-producing capacity utilizing renewable energy sources.

The current report Scope analyzes Medium Voltage Cable Accessories Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Medium Voltage Cable Accessories

According to Cognitive Market Research, the global Medium Voltage Cable Accessories market size was estimated at USD 16845.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6738.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Medium Voltage Cable Accessories market with a market size of USD 5316.35 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period as a result of the growing demand for electric items and the usage of electric automobiles.
• The Canada Medium Voltage Cable Accessories market had a market share of USD 808.57 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period as a result of a surge in green energy-related government programs.
• The Mexico Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 613.17 million in 2024.

Europe Medium Voltage Cable Accessories

According to Cognitive Market Research, the global Medium Voltage Cable Accessories market size was estimated at USD 16845.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 5053.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Medium Voltage Cable Accessories market had a market share of USD 849.00 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period because of developments in technology in a number of areas, including the cement and healthcare sectors.
• The France Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 464.93 million in 2024.
• According to Cognitive Market Research, the German Medium Voltage Cable Accessories market size was valued at USD 1000.60 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period because of the widespread use of cutting-edge technologies like smart houses and electric cars.
• The Italy Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 434.61 million in 2024.
• The Russia Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 783.30 million in 2024.
• The Spain Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 414.39 million in 2024
• The Luxembourg Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 156.66 million in 2024.
• The Portugal Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 106.12 million in 2024.
• The Greece Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 60.64 million in 2024.
• The Rest of Europe's Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 783.30 million in 2024.

Asia Pacific Medium Voltage Cable Accessories

According to Cognitive Market Research, the global Medium Voltage Cable Accessories market size was estimated at USD 16845.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3874.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Medium Voltage Cable Accessories market size was valued at USD 1743.48 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period due to the rising popularity of electric vehicles and the need for electric goods.
• The Japan Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 534.67 million in 2024.
• The India Medium Voltage Cable Accessories market had a market share of USD 464.93 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period as a result of an increase in government initiatives pertaining to green energy.
• The South Korean Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 387.44 million in 2024.
• The Australian Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 201.47 million in 2024.
• The South East Asia Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 267.33 million in 2024.
• The Rest of Asia Pacific Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 275.08 million in 2024.

South America Medium Voltage Cable Accessories

According to Cognitive Market Research, the global Medium Voltage Cable Accessories market size was estimated at USD 16845.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 842.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Medium Voltage Cable Accessories market size was valued at USD 360.49 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period due to technological advancements in several industries, such as the cement and healthcare sectors.
• Argentina's Medium Voltage Cable Accessories market had a market share of USD 141.50 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period due to the growing adoption of cutting-edge technologies like electric vehicles and smart homes.
• Colombia Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 74.96 million in 2024.
• Peru Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 69.07 million in 2024.
• Chile Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 60.64 million in 2024.
• The Rest of Latin America's Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 135.60 million in 2024.

Middle East Medium Voltage Cable Accessories

According to Cognitive Market Research, the global Medium Voltage Cable Accessories market size was estimated at USD 16845.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 336.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The G.C.C. Countries Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 144.19 million in 2024 because of the growing demand for electric items and the popularity of electric automobiles.
• The Egypt Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 35.37 million in 2024.
• The South Africa Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 53.23 million in 2024 because of developments in technology in a number of areas, including the cement and healthcare sectors.
• The Turkey Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 28.97 million in 2024.
• The Nigeria Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 35.37 million in 2024.
• The Rest of the M.E.A. Medium Voltage Cable Accessories market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 39.75 million in 2024.

Medium Voltage Cable Accessories Market Analysis

How are Segments Performing in the Global Medium Voltage Cable Accessories Market?

Medium Voltage Cable Accessories Market Type Segment Analysis

According to Cognitive Market Research, cable joints and splice category is likely to dominate the Medium Voltage Cable Accessories Market over the forecast period. Cable joints are used in the long-distance transmission of electricity in order to ensure cable continuity. To survive a variety of circumstances, such as inclement weather, connection voltage drops, current capabilities, and material compatibility, they must fit precisely and be robust. A splice can be completed with either the soldering or crimping process, joining two or more conductors to form a permanent and mechanical electrical bond. To connect wires with varying voltages, utilize cable joints. These offer cable strength, electrical insulation, and mechanical protection. Cable couplings are consequently required when joining cables across extended lengths.

The connectors are the fastest-growing segment in the Medium Voltage Cable Accessories Market. Connectors act as a bridge between electrical circuits. They can be used to connect circuits temporarily or permanently and are composed of plugs with male ends and female ends for jacks. There are many different types of connectors, such as D.C. connectors, multiphase power plugs and sockets, and NEMA connectors. The main goal of these connectors is to protect users from inadvertent electric shock. Many different kinds of equipment, such as consumer electronics, military, space, and medical equipment, require connectors.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medium Voltage Cable Accessories Industry. Request a Free Sample PDF!

Medium Voltage Cable Accessories Market Technology Segment Analysis

According to Cognitive Market Research, the heat shrink segment holds the largest share of the market. Heat shrink technology makes use of a synthetically expanded plastic tube-shaped material. The tube shrinks when heat is applied to shield cable terminations and junctions from dust, moisture, and other contaminants. The most popular insulation technique for medium-voltage cable accessories is heat shrink technology. Installing cable attachments is substantially quicker with this technology. It needs a hot gun to be installed, though, and cannot be pre-tested in manufacturing facilities. Heat shrink cable attachments can also be utilized for aesthetic and protective modifications.

In the Medium Voltage Cable Accessories Market, the cold shrink has been expanding at a rapid pace because of its growing use in a variety of sectors for dependable and long-lasting cable protection. Because it is easier to install, especially in confined or difficult-to-reach areas, cold shrink technology—which uses pre-stretched elastomeric tubes that contract to seal cable junctions or terminations once the support is removed—is recommended. Cold shrink solutions are safer and more effective to employ than heat shrink alternatives because they don't require heating gear. In addition, the development of infrastructure, the expansion of power grids, and the increasing focus on renewable energy projects are driving demand for Cold Shrink accessories. All of these factors call for durable and long-lasting cable insulation solutions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Medium Voltage Cable Accessories Installation Segment Analysis

Medium Voltage Cable Accessories Market Installation Segment Analysis

According to Cognitive Market Research, the overhead segment holds the largest market share. Overhead power lines are used to distribute and transport electricity across extended distances. The need for overhead medium voltage cable accessories has increased due to the usage of overhead power transmission lines, which power plants mostly utilize to power remote outlying areas. Furthermore, overhead cables are widely spaced, air-cooled, and generally avoided for safety. The industrialization process has led to a huge growth in the global demand for power cable accessories. In countries like India and other Asian countries, overhead power lines are the most common energy source. Overhead power lines transmit fossil fuel-generated electricity.

In the Medium Voltage Cable Accessories market, the rapidly growing sector is the underground category. Due to urbanization and pro-business government policies, emerging nations are experiencing a sharp rise in the demand for electricity. In heavily populated places, underground cables are primarily used to supply energy. Minimal transmission losses, the capacity to handle emergency power loads, low maintenance costs, and reduced weather vulnerability are just a few benefits of using underground cables.

• Overhead
• Underground
• Submarine

Medium Voltage Cable Accessories Voltage Range Segment Analysis

Medium Voltage Cable Accessories Market Voltage Range Segment Analysis

According to Cognitive Market Research, the 3KV to 10KV segment dominates the market because there is a growing need in both the commercial and residential sectors for dependable electricity delivery. The need for effective medium voltage cable accessories has increased due to rising infrastructure projects brought on by urbanization and industrialization, especially in emerging economies. Investments in renewable energy projects, where power transmission dependability is essential, also help this category.

10KV to 20KV is projected to be the fastest-growing segment in the Medium Voltage Cable Accessories market. The growing popularity of these accessories is partly due to the growing electrical grid and the requirement for high-capacity power distribution systems in heavy manufacturing, mining, and oil and gas industries. This segment's demand has been further boosted by the integration of smart grid technologies and the continuing modernization of outdated power infrastructure, making it an essential part of medium voltage power networks.

• 3KV To 10KV
• 10KV To 20KV
• 20KV To 30KV
• 30KV To 50KV
• 50KV To 100KV

Medium Voltage Cable Accessories Vertical Segment Analysis

Medium Voltage Cable Accessories Market Vertical Segment Analysis

According to Cognitive Market Research, the government utilities segment dominates the market. Owing to their principal objective of supplying energy to all consumers in all sectors, government utilities account for a significant portion of the market for medium voltage cable accessories. To enhance the country's overall infrastructure, the government has updated policies and launched a number of programs. For example, the Indian government has implemented two well-known projects, Power for All and 100% FDI. As a result, it is projected that over the forecast period, the market for medium voltage cable accessories will grow along with increased infrastructure investments. It is anticipated that the market for medium-voltage cable accessories will expand due to an increase in the need for energy, especially from the industrial sector.

Renewable energy is projected to be the fastest-growing segment in the Medium Voltage Cable Accessories market as a result of the growing global transition to sustainable energy sources. The growth of wind, solar, and hydroelectric power projects has increased demand for medium voltage cable accessories that are dependable and long-lasting. In order to ensure efficiency and stability, these accessories are essential for transporting electricity from renewable energy-producing sites to the grid. Infrastructure expenditures for the integration of renewable energy sources and government regulations encouraging the adoption of clean energy are other major factors propelling this category's expansion. Technological developments that improve the sustainability and performance of cables are a major factor driving this trend and driving the renewable energy segment of the medium voltage cable accessories market.

• Railways
• Cement
• Marine
• Government Utilities
• Construction
• Private Utilities
• Oil and Gas
• Healthcare
• Fertilizer
• Steel
• Renewable Energy
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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