“Increasing the amount of electronic devices using wireless technology will dampen demand for cables used for connecting devices through 2019”, says Visiongain report
05 September 2019
Visiongain’s new report the Cables and Wires Market Report : Forecasts by Materials: Core Material (Copper, Aluminum, Other Metals), by Insulation Materials (Polyethylene, Polyvinyl Chloride, Polypropylene, Thermoplastic Elastomers, Nylon, Fluoropolymers & Other Plastics), Optical Fibers, by Product Type (Building Wire & Cable, Power Wire & Cable, Electronic Wire & Cable, Fiber Optic Cable, Apparatus Wire & Cordage, Primary, Ignition, & Battery Wire & Cable, Magnet Wire), by End-Use Market (Telecommunications, Electrical Equipment, Energy & Power, Construction, Automobiles, Industrial Machinery & Equipment) Plus Leading Company Analysis and Regional and Leading National Market Analysis.
Ongoing Investment by Telecommunications Suppliers In Infrastructure Upgrades Will Stimulate Growth
The telecommunications industry was the leading market in 2018, using a range of wire and cable products. Increasing the amount of electronic devices using wireless technology will dampen demand for cables used for connecting devices through 2019. However, as the amount of machines increases, the telecommunications infrastructure's computing capacity will need to improve, requiring the development of new data centers and wireless cell towers, both of which are heavy users of isolated wire and cable. Furthermore, ongoing investment by telecommunications suppliers in infrastructure upgrades will stimulate progress.
Demand for fiber optic cable is anticipated to increase in coming future
A key element of the telecommunications industry is fiber optic cable. As telecommunications companies invested strongly in setting up a fiber optic network to deliver information, television, and voice signals to customers, demand for fiber optic cable picked up at a fast pace after bottoming out in once. Over the previous decade, most of this backbone infrastructure has been built. As a consequence, while demand for fiber optic cables will continue to record powerful development, rises in demand will moderate over the forecast period. A big proportion of future demand gains will result from last-mile apps, which still consist mainly of coaxial copper cables.
Construction Wire And Cable Accounted For The Biggest Share Of Consumer Demand
In 2018, construction wire and cable accounted for the biggest share of consumer demand as it is used in almost all residential and non-residential buildings. As a consequence, demand for building wire and cable to progress at the fastest pace will be caused by the recovering US construction industry. Growth in the amount of new housing units will deliver the majority of demand gains, although growing development of business, accommodation and office buildings will also increase profits. As power lines are required to link new homes to the nation's energy grid, power wire and cable demand will also profit from growth in building expenditure. Because of its aesthetic benefits over aerial cable, underground cable will experience the greatest segment gains. As the infrastructure of the nation grows older, needed upgrades to the present power transmission and distribution network will increase profits from the aftermarket. Moreover, there will also be higher use of superconducting wire.
Leading Regional & National Analysis
North America Has Seen a Huge Rise In Information Consumption Leading To Investments In Fiber Networks By Businesses
North America is expected to record stable demand over the forecast period for cables and wires. However, due to projects such as Digital Agendas for Europe 2025, Europe is anticipated to experience development. North America has seen a huge rise in information consumption leading to investments in fiber networks by businesses like AT&T and Verizon. Verizon Communications, for example, signed an agreement with Prysmian Group in May 2017 to upgrade the network architecture with a fiber platform to increase 4 G coverage and to lay down the foundations for the consequent expansion of 5 G and IoT systems.
In Poland, Spain, and France, there is powerful growth in fiber investment
In Europe, the decrease in fixed line telecommunications is continuing to be substituted by wireless options. However, this has not implied a general decrease in the industry as traditional copper telecom lines are being substituted by fiber optic cables and domestic governments are investing in improving broadband speeds, for example by spending $110 billion by 2025 the German government plans to expand its high-speed broadband networks nationwide. In Poland, Spain, and France, there is powerful growth in fiber investment (where Nexans reported a solid momentum in its selling activities to telecom operators). The UK still remains behind many Organisation for Economic Co-operation and Development (OECD) countries.
Company Profiles of Leading Players
Alcatel-Lucent, Amphenol Corporation, Anixter International, Belden Incorporated, Berkshire Hathaway, Carlisle Companies, Coleman Cable, CommScope Incorporated, Corning Incorporated, Delphi Automotive, Encore Wire
Other Key Players in the market
Freeport-McMoRan Copper & Gold, Fujikura Limited, Furukawa Electric, General Cable, Hitachi Limited, LEONI AG, Leviton Manufacturing, LS Corporation, Molex Incorporated, National Wire & Cable, Nexans SA, Okonite Company, PKC Group, Prysmian SpA, Rea Magnet Wire, Rio Tinto Group, Southwire Company, Sumitomo Electric Industries, TE Connectivity
The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of advanced energy storage systems.
Key players like Prysmian S.p. A; Electric Co. Furukawa. Ltd.; Nexans; Fujikura Ltd.; Sumitomo Corporation; Southwire Company; Leoni AG; NKT A / S; Belden Inc.; LS Cable & System Ltd.; KEI Industries Ltd. was the industry leader. These firms adopt multiple strategies for organic and inorganic growth. Extensive investments in smart grid transmission have resulted in aggressive contracts and deals being received by players. LS Cable & System Ltd., for example, obtained a contract in 2017 from Bangladesh's Power Grid Company (PGCB), an overhead cable project worth $60 billion. LS Cable & System Ltd. produces and supplies all goods and builds the transmission towers for the project.
The Cables and Wires Market Report 2019-2029 report will be of value to anyone who wants to better understand the energy storage market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.
Notes for Editors
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