#cable testing market

[abhijeetw]

The market for cable testing and certification is projected to grow from USD 11.3 billion in 2018 to USD 14.7 billion by 2023, at a compound annual growth rate (CAGR) of 5.4%

[abhijeetw]

Cable Testing and Certification Market worth $14.7 billion by 2023

The report "Cable Testing and Certification Market by Voltage (Low Voltage, Medium Voltage and High Voltage), Test (Routine Test, Sample Test and Type Test), End-User (Cable Manufacturers and Utility Providers), and Region - Global Forecast to 2023" The cable testing and certification market is projected to reach USD 14.7 billion by 2023. The cable testing and certification market is estimated at USD 11.3 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 5.4% between 2018 and 2023. The increasing use of cables in various applications, such as electrical & electronics, transportation (automotive & aerospace, rail, and marine), and energy generation & distribution, is expected to drive the cable testing and certification market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=252413582

“The cable manufacturers end user segment to witness the highest CAGR in the global cable testing and certification market during the forecast period”

The two key end users of cable testing and certification are cable manufacturers and utility providers. Cable manufacturers are the dominant end users of cable testing and certification, globally. They invest in the testing of cables to check their product quality and ensure consistency in the quality of the cables produced. Therefore, the demand for cables from the end-use industries such as electrical & electronics, transportation, and energy generation & distribution is expected to drive the growth of the cable manufacturers segment.

“Routine tests to witness the highest CAGR in the global cable testing and certification market during the forecast period”

A routine test is a group of tests performed on each batch of finished cables to determine the integrity of the cables. The tests included under this segment are conductor resistance test, high voltage test (hi-pot test), insulation resistance test, copper wire screen resistance test, partial discharge test, dimensional tests, and cable markings and measurement. These tests may differ based on the cable types and are specified in the relevant cable standards. Due to the low cost of routine test, it is expected to grow at a high rate.

Browse 115 market data Tables and 38 Figures spread through 146 Pages here - https://www.marketsandmarkets.com/PressReleases/cable-testing-certification.asp