Cable Lugs Market Size Valuable Share, Demand and Current Trends Analysis Forecast 2022-2031

The cable lugs market is projected to register a CAGR of 6.75% during the forecast period. Rising energy demand across regions had led to major energy transmission and distribution infrastructure, thus driving the demand for cable lugs. According to the International Energy Agency (IEA), energy demand worldwide grew by 2.3% in 2018, driven by the strong global economy and other factors. – Cable lugs enable easy removal of terminals in case of repairs, which is the major advantage associated with their usage. They have gained significance due to an increased…

Read More