Cable
Certification Market Size and Growth Rate:
The Cable Certification Market was
estimated at USD xx million in 2018 and is projected to reach USD xx million by
2025 increasing at a CAGR of xx% between 2018 and 2025.
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Cable Certification Market @ https://www.researchcosmos.com/reports/cable-certification-market/96050040
Cable
Certification Market Overview:
The rise in demand for cables from
several industries such as electrical & electronics, transportation, and
energy utility in the Asia Pacific is projected to raise the demand for cable
certification in the region. This will drive the market trends in the region.
The Middle East & Africa and Latin America markets have huge growth
potential and will contribute notably towards the global market share in the
near future.
Growing power crisis and blackouts in
various countries of North America and Europe are anticipated to drive market
demand in the next few years. Huge presence of renowned manufacturers will
boost cable certification market earnings in these regions.
Cable
Certification Market Growth Drivers and Restraints:
The growing use of cables in various
applications, and energy generation & distribution is expected to drive the
cable testing and certification market. The market growth is anticipated to
gain traction in the years ahead subject to factors such as increasing use of
cables as a result of the rise in power generation in the OECD and non-OECD
countries, growth in the global electronics and IT sectors, and rise in
industrialization and globalization.
Escalating demand for cable testing
across automotive, railway, electrical & electronics, roadways, marine,
aerospace, and energy generation & distribution sectors will push the cable
certification market trends in the coming years. Massive demand for high-volt
cables by myriad end-users including transmission & distribution utilities,
offshore wind farms, and energy sector will lucratively influence the growth
dynamics of the market in the coming decade.
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Cable
Certification Market Geographical Segmentation:
In terms of regions, the global cable certification
market can be segmented into Europe, Asia Pacific, North America, Latin
America, and Middle East and Africa. The Asia Pacific region is projected to be
the swiftly growing market globally. The rise in the demand for cables is
associated with the increase in electricity generation and distribution due to
the rapid industrialization and urbanization in the region.
Key Players of the Cable Certification Market:
Some of the key players of the global
cable testing and certification market include Underwriters Laboratories,
British Approvals Service for Cables, SGS, BRE Global, DEKRA, TÜV Rheinland,
Bureau Veritas, Intertek, TÜV NORD GROUP, North Central Electric, RN
Electronics, TÜV SÜD, Eland Cables, and Industrial Tests.
Cable
Certification Market Segmentation:
By
Voltage:
·
Low Voltage
·
Medium Voltage
·
High Voltage
By End User:
·
Utility Providers
·
Cable Manufacturers
By Test:
·
Type Test
·
Routine Test
·
Sample Test
By Region:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
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