According to a new report, published by KBV research, The Global Dry Cable Termination Market size is expected to reach $3.38 billion by 2031, rising at a market growth of 7.6% CAGR during the forecast period.
The Medium Voltage segment is anticipating a CAGR of 7.8% during (2024 - 2031). This segment's growth is attributed to its widespread use in commercial, industrial, and utility applications requiring moderate power transmission. Medium voltage dry cable terminations offer efficient insulation and protection, ensuring reliable performance in manufacturing plants, renewable energy installations, and distribution networks.
The Outdoor Dry Cable Terminations segment is leading the Global Dry Cable Termination Market by Installation in 2023; thereby, achieving a market value of $1.9 billion by 2031. The demand for outdoor dry cable terminations is driven by their extensive use in high-voltage transmission lines, substations, and other external power distribution applications. These terminations offer excellent resistance to environmental factors such as moisture, dust, and extreme temperatures, making them essential for ensuring reliable power transmission outdoors.
The Renewable Energy segment shows a CAGR of 8.2% during (2024 - 2031). The rapid expansion of solar and wind power projects has significantly increased the demand for high-performance cable termination solutions. Dry cable terminations in renewable energy applications ensure safe and efficient power transmission from generation sources to the grid, contributing to the growth and reliability of sustainable energy systems.
Full Report: https://www.kbvresearch.com/dry-cable-termination-market/
The Asia Pacific region dominated the Global Dry Cable Termination Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.3 billion by 2031. The North America region is experiencing a CAGR of 6.9% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 7.3% during (2024 - 2031).
By Installation
By Voltage
By Application
Unique Offerings 
