The report forecasts the global cable accessories market to grow at a CAGR of 7% during the period 2016-2020.
A trend which is having a major impact on the market is the development of smart grids. Smart grids bring a convergence of analog or digital information and computer-based remote control and automation to electricity networks. Smart grid systems are being increasingly used in many countries.
A smart grid refers to a power grid that delivers an economical, sustainable, and secure electricity supply by intelligently integrating the actions of all users, whether they are consumers, generators or those capable of both in an efficient manner. Smart grid systems make use of automated software, and electronic hardware, namely switches, meters, and relays that assure smooth and appropriate transmission and distribution of electricity by upgrading and controlling operational processes over a network.
Further, the report states that one challenge that could restrict market growth is the problems associated with cable terminations and connector systems for oil drilling industry.
- NKT Cables
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by voltage level
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information on this topic, check out the Process and Materials section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/m7h6ff/global_cable