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According to Technavio's latest market research report, the global cable accessories market is expected to grow at a compound annual growth rate of more than 6% between 2018 and 2022.

  

According to Technavio analysts, one of the key factors contributing to the growth of the global cable accessories market is the large-scale deployment of explosion-proof cable terminals.

Cable terminals with load bearing and fluid filling have excellent long-term performance and have been in use since the development of high voltage cables. From now on, these cable terminals have been the preferred choice for utility operators and are rapidly replacing ceramic terminals.

  

In terms of voltage level, the low-voltage sector occupied the largest market share in 2017, accounting for 44%. It is expected that this application will continue to dominate the global market throughout the forecast period.

In terms of market region, the market share of the Asia-Pacific region exceeded 42% in 2017. The region is expected to dominate the market in 2022, with a market share growth rate of more than 1%.