Cable
is an assembly of one or more wires running side by side or bundled, which is
used to transmit electric current. It consists of three
major components: insulation, conductors and protective jacket. It is used to
connect two or more devices, empowering the transfer of electrical signals or
power from one device to the other. Cables are used widely in electronic
devices for power & signal circuits. Its construction & material are determined
by three main factors such as working voltage, environmental conditions and current-carrying
capacity etc.
According
to study, “Global Cables
Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies
operating in the global cables market are Luxshare, Amphenol, TE Connectivity, NKT
Cables Group GmbH, Broad Telecommunication, Molex, Deren, Shenzhen Alex, JCE, Dubai
Cable Company Pvt. Ltd., Shenzhen CYD Electronics, Lotes, Yiwanda, ABB Ltd.,
Prysmian Group, Siemens AG, Polycab Wires Private Limited, Southwire Company
LLC, General Cable Technologies Corporation, Zhaolong, Prolink, Kaiboer, PowerSync,
Lulian, Sumitomo Electric Industries, Ltd., Wiretek, Oylink, JIB Electronic, Belden
Inc., Jiangsu Tongguang Electronic Wire & Cable Corp. Ltd., Hitachi Metals
Ltd, Helukabel GmbH, Lapp Holding AG, Nexans SA, Leoni AG, Zhuhai
Hansen Technology Co. Ltd., Alcatel-Lucent, Huawei Marine, Furukawa
Electric Co., Ltd.,TE Connectivity, Saudi Ericsson, NEC, LS Cable & System
Ltd, Riyadh Cables Group of Companies, Encore Wire Corporation, Hellenic Cables
Holdings S.A., Brugg Kabel AG, Finolex Cables Limited, CBI-electric, ZTT, Far
East Cable Co., Ltd.., Hengtong Optic-Electric Co Ltd., Corning Inc., Hesfibel, TPC
Wire & Cable Corp, Cablel Group.
Based
on type, cables market is segmented
into high voltage, medium voltage, low voltage and optical fiber cable. The
optical fiber cable is likely to be largely adopted due to its advantages such
as high bandwidth, low security risk, resistance to electromagnetic
interference, and low power loss in long distance communication. Based on
material type, market is segmented into aluminum, copper and glass. Based on
installation, market is segmented into submarine installation, underground
installation and overhead installation (fittings, conductors, and fixtures). Underground
and submarine cables are anticipated to grow at a remarkable rate due to their
usage in numerous offshore solar & wind projects and different industries
for instance power utilities and oil & gas. In addition, based on end-use,
market is segmented into renewable energy, industrial and infrastructure.
Renewable energy segment is further sub-segmented into hydropower, wind energy
and others (tidal, solar, and geothermal). Industrial segment is further
sub-segmented into oil & gas, chemical & petrochemical, power
utilities, mining and others. Additionally, infrastructure segment is further
sub-segmented into residential and commercial.
The
cables market is driven by implementation
of smart grid technology, followed by expand in infrastructure & construction
growth, increase in demand for the efficient transmission system, rise in
urbanization and increase in renewable energy generation. However, volatile prices
of metals such as copper & aluminum may impact the market. Moreover, expand
in offshore power projects in developing countries and growth in investments in
smart grid technology are key opportunities for market.
Based
on geography, North-American region holds major share, followed by European
region in market owing to extensive applications in industrial &
non-industrial sectors in the region. The Asian-Pacific region is expected to
witness higher growth rate due to increase in industrialization & urbanization
and implementation of new technology over the forecast period.
For more
information, refer to below link:-
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Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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