The global cables market size was valued at $74.72 billion in 2020, and is projected to reach $156.49 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030.
Cables Market By Installation Type (Overhead, Underground, Submarine), By Voltage Type (High, Medium, Low), By End Use (Industrial, Aerospace and Defense, Oil and Gas, Energy and Power, IT and Telecommunication, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
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COVID-19 has caused the overall semiconductor industry to mobilize quickly and to make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers &partners, globally. The ongoing COVID-19 pandemic has abruptly re-shaped the global economy. Sudden decline in infrastructure development and installation projects is expected to hamper the cables industry for commercial, government, industrial, residential, and more verticals.
The major purpose of cables is to transmit electric signals and electromagnetic waves from one endpoint to another. Furthermore, cables along with cable assemblies play a vital role in the integration mechanism of different systems and subsystems.
Region-wise, the cables market opportunity are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and the rest of the Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically China, remains a significant participant in the global cables industry. Major organizations and government institutions in the country are intensely putting resources into the technology.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cables market analysis from 2020 to 2030 to identify the prevailing cables market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cables market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cables market trends, key players, market segments, application areas, and market growth strategies.
Cables Market Report Highlights
|By Installation Type||OverheadUndergroundSubmarine|
|By Voltage Type||HighMediumLow|
|By End Use||IndustrialAerospace and DefenseOil and GasEnergy and PowerIT and TelecommunicationOthers|
|By Region||North America (U.S., Canada, Mexico)Europe (U.K., Germany, France, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)|
|Key Market Players||Huawei Technologies, Prysmian Cables Systems, Nexans, ABB, Furukawa, General Cable, Axon Cable, Polycab, KEI Industries, Sumitomo Electric Wiring Systems|
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