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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Cable joints are electronic joints that are used to connect and provide physical support to the cable. They are used to connect the cable end to another cable for physical and electrical interconnectivity in electronic equipment. They are available in different shapes, sizes, and configurations that can be used to interconnect low, medium, and high voltage electrical cables. They can be classified into straight-through joints, pot ends, branch which can be a T or Y joint, and indoor/outdoor terminations. All these offer reliable electrical connections between different electrical cables.

The Europe cable joint market is expected to witness significant growth during the forecast period (2021–20278. The increasing adoption of electric vehicles in the commercial and government sectors is expected to drive the market growth during the forecast period. For instance, in 2020, in Europe, the Department of Transport allocated approximately US$ 65 million for electric bus towns. The Department of Transport predicted that 200 electric buses can save around 7,400 tons of CO2 annually and play important role in bringing down emissions. Demand for electric vehicles, and the government investment in power infrastructure & charging stations across Europe is going to drive the demand for cable & cable joints during the forecast period. Moreover, rising urbanization and growing advanced infrastructure are also driving the market growth. In addition, increased investments in advanced technologies of power transmission and distribution systems, and the development of smart grids increases the demand for cable joints in the market. The technological advancements in smart grids generate efficient renewable power, reliable power, reduce carbon footprint by working with smart devices, and encourage the use of electric vehicles in Europe. Moreover, stringent government regulations to move towards electric vehicle have also led to the demand for cable & cable joints in Europe. For instance, in 2020, European Union set a target of net-zero greenhouse emissions by 2025.

Europe Cable Joint Market - Impact of Coronavirus (Covid-19) Pandemic

The situation caused significant deterioration in economic conditions and governments had to shut down commercial as well as educational sectors for a specific period. To combat COVID-19 pandemic, most of the countries implemented lockdown, and are now easing it phase-wise and industry wise. Cable joint market in Europe was negatively impacted by the COVID-19 pandemic.

Rest of Europe held dominant position in the Europe cable joint market during the forecast period

Statistics:

Rest of Europe held dominant position in the Europe cable joint market in 2020, accounting for 51.3% share in terms of value, followed by France, Germany and Others.

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Europe Cable Joint Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 573.9 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2028
Forecast Period 2020 to 2028 CAGR: 4.5% 2027 Value Projection: US$ 801.2 Mn
Geographies covered:
  • Europe
Segments covered:
  • By Type: Indoor and Outdoor
  • By End-use Vertical: Power, Communication and Others
Companies covered:

Prysmian Group, General Cable Technologies Corporation (Prysmian Group), Nexans S.A., NKT A/S, ABB Ltd., 3M, Cable Jointing Solutions, Fujikura, Yamuna Power, Cellpack Electrical Products, Connect Cable Accessories Co., Ltd., Consumers Electric Corporation (Pvt) Ltd., IES Components Limited

Growth Drivers:
  • The increasing adoption of electric vehicles in the commercial and government sectors
  • Increasing demand for high-speed internet connectivity, increasing fiber to home (FTTH) subscriber base, and growing investment in the telecommunication infrastructure sector
Restraints & Challenges:
  • High Prices of Cable Joints

Figure 1: Europe Cable Joint Market Share (%), By Country, 2020

Europe Cable Joint  | Coherent Market Insights

Power segment is expected to drive the market growth during the forecast period

Among End-use Vertical, the power segment is expected to hold dominant position in the Europe cable joint market during the forecast period. Rising urbanization and growing advanced infrastructure are also driving the market growth. In addition, increased investments in advanced technologies of power transmission and distribution systems, and the development of smart grids increases the demand for cable joints in the market. Government investment in power infrastructure across Europe is going to drive the demand for cable & cable joints during the forecast period.

 Figure 2: Europe Cable Joint Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028

Europe Cable Joint  | Coherent Market Insights

The Europe cable joint market was valued at US$ 573.9 Mn in 2020 and is expected to reach US$ 801.2 Mn by 2028 at a CAGR of 4.5% between 2020 and 2028.

Major players operating in the europe cable joint market include Prysmian Group, General Cable Technologies Corporation (Prysmian Group), Nexans S.A., NKT A/S, ABB Ltd., 3M, Cable Jointing Solutions, Fujikura, Yamuna Power, Cellpack Electrical Products, Connect Cable Accessories Co., Ltd., Consumers Electric Corporation (Pvt) Ltd., IES Components Limited

Growth in the electrical and electronic industry due to the increasing production of electrical products is a prime factor propelling market growth of cable joints. Rapid urbanization coupled with the robust growth of the power sector around the globe is also expected to propel the market growth of the cable joint. Up-gradation in the electronic infrastructure across emerging markets coupled with the development in the various manufacturing sectors such as automotive, oil &gas, mining, and petrochemicals, etc. are further anticipated to augment the market growth of cable joints. Technological advancement in the cable joints by manufacturers is another major factor expected to fuel the market growth.

Market Dynamics

Increasing railway projects is expected to drive the market growth during the forecast period. The growing demand for railways in developed countries is increasing the demand for better rail infrastructure. In addition, some of the countries in Europe are also planning to invest in railway infrastructure, which increases the demand for cables & cable joints in the region. For instance, in 2020, Britain railways planned to invest approximately $50,000 million for the development of new trains and upgrading existing tracks. Furthermore, increasing safety concerns in the railway industry are also driving the market growth. The advancements in technologies can lead to higher energy consumption. To minimize power consumption, most of the companies are focusing on developing energy-efficient systems, which consume less electric energy. Railway manufacturers are focusing on improving the safety and security of railways by replacing existing systems with advanced systems. Therefore, the growing installation of high-end electronics and safety features in the metro, light, and high-speed rails is increasing the demand for cable joints in the market.

Key features of the study:

  • This report provides in-depth analysis of the Europe cable joint market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the Europe cable joint market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Prysmian Group, General Cable Technologies Corporation (Prysmian Group), Nexans S.A., NKT A/S, ABB Ltd., 3M, Cable Jointing Solutions, Fujikura, Yamuna Power, Cellpack Electrical Products, Connect Cable Accessories Co., Ltd., Consumers Electric Corporation (Pvt) Ltd., IES Components Limited
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The Europe cable joint market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Europe cable joint market

Detailed Segmentation

  • Europe Cable Joint Market, By Type:
    • Indoor
    • Outdoor
  • Europe Cable Joint Market, By End-use Vertical:
    • Power
    • Communication
    • Others
  • Europe Cable Joint Market, By Country:
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Company Profiles
    • Prysmian Group *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • General Cable Technologies Corporation (Prysmian Group)
    • Nexans S.A.
    • NKT A/S
    • ABB Ltd.
    • 3M
    • Cable Jointing Solutions
    • Fujikura
    • Yamuna Power
    • Cellpack Electrical Products
    • Connect Cable Accessories Co., Ltd.
    • Consumers Electric Corporation (Pvt) Ltd.
    • IES Components Limited

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By End-use Vertical
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19
  4. Europe Cable Joint Market, By Type, 2021-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Segment Trends
    • Indoor
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Outdoor
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  5. Europe Cable Joint Market, By End-use Vertical, 2021-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Segment Trends
    • Power
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Communication
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  6. Europe Cable Joint Market, By Country, 2021-2028 (US$ Million)
    • U.K
      • Country Trends
      • Market Size and Forecast, By Type, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Vertical, 2021–2028 (US$ Million)
    • Germany
      • Country Trends
      • Market Size and Forecast, By Type, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Vertical, 2021–2028 (US$ Million)
    • Spain
      • Country Trends
      • Market Size and Forecast, By Type, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Vertical, 2021–2028 (US$ Million)
    • Italy
      • Country Trends
      • Market Size and Forecast, By Type, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Vertical, 2021–2028 (US$ Million)
    • France
      • Country Trends
      • Market Size and Forecast, By Type, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Vertical, 2021–2028 (US$ Million)
    • Russia
      • Country Trends
      • Market Size and Forecast, By Type, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Vertical, 2021–2028 (US$ Million)
    • Rest of Europe
      • Country Trends
      • Market Size and Forecast, By Type, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Vertical, 2021–2028 (US$ Million)
  7. Competitive Landscape
    • Company Profiles
      • Prysmian Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • General Cable Technologies Corporation (Prysmian Group)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Nexans S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ABB Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • 3M
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cable Jointing Solutions
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fujikura
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Yamuna Power
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cellpack Electrical Products
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Connect Cable Accessories Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Consumers Electric Corporation (Pvt) Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IES Components Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Cable Joint Market - Global forecast to 2028”.

Frequently Asked Questions

The Europe cable joint market is expected to reach US$ 609.4 Million by 2022.
The market is expected to witness a CAGR of 4.5% during the forecast period (2021-2028).
The increasing adoption of electric vehicles in the commercial and government sectors is expected to drive the market growth during the forecast period.
The power segment held the largest market share among end-use vertical. This is owing to increased investments in advanced technologies of power transmission and distribution systems, and the development of smart grids increases the demand for cable joints in the market.
Rest of Europe country held the largest share in the market in 2020, accounting for 53.5% share in terms of value.
Key players operating in the market include Prysmian Group, General Cable Technologies Corporation (Prysmian Group), Nexans S.A., NKT A/S, ABB Ltd., 3M, Cable Jointing Solutions, Fujikura, Yamuna Power, Cellpack Electrical Products, Connect Cable Accessories Co., Ltd., Consumers Electric Corporation (Pvt) Ltd., IES Components Limited
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