How Big Is the Cable Accessories Market | Trends 2031

Q: How big was the cable accessories market in 2024?

The cable accessories market was estimated at USD 59 billion in 2024.

Q: What is the projected size of the cable accessories market by 2031?

The market is expected to reach USD 86 billion by 2031, growing at a CAGR of 5.7%.

Q: What is driving the growth of the cable accessories market?

Grid expansion, renewable energy growth, and demand for reliable high-voltage transmission are driving the growth.

Q: What are the main types of cable accessories?

Cable joints, terminations, connectors, insulators, and heat-shrinkable products are main types of cable accessories.

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Code: MTA5457

Publication Date: Jul 2025

What is the size of the Cable Accessories Market?

According to 6Wresearch internal database and industry insights, the Cable Accessories Market was estimated at USD 59 billion in 2024 and is projected to reach USD 86 billion by 2031, growing at a CAGR of 5.7% during the forecast period 2025–2031.

Due to rising demand for reliable power transmission, grid modernization, and the growth of renewable energy and infrastructure development projects, the market is continued to rise in the future.

Key Growth Factors of the Cable Accessories Market

Growing investments in smart grid and transmission networks
Rapid urbanization and industrial electrification
Expansion of renewable energy installations
Upgrades and expansion of aging T&D infrastructure
Increased demand for high-voltage cable systems in utilities

Cable Accessories Market Trends

The cable accessories market is undergoing for transformation with rising adoption of advanced insulation materials, flame-retardant cable joints, and heat-shrinkable terminations. The focus is increasing on compact, weather-resistant, and easy-to-install accessories to meet the needs of renewable and offshore applications. Further, the smart cable monitoring systems are also being integrated to ensure grid reliability and predictive maintenance.

Emerging Developments in the Cable Accessories Market

Cable accessories market is being advanced with co-friendly and recyclable cable insulation materials are gaining traction. This market is expanding with integration of IoT and AI for cable condition monitoring and fault detection is transforming the performance of transmission systems. This market is also a growing shift towards modular accessories that reduce installation time and support automation in substations and power networks.