20 March 2019, The Global Ethernet Cable Market is anticipated to reach USD 1.42 billion by 2024. Growing consumer demand for high-speed internet connectivity and data center installations activities are the key factors which are expected to boost the market over the forecast period. Furthermore, increasing growth of IT sector is expected to fuel the demand for Ethernet cables on the global level.
Companies are heavily investing in R&D to boost up their manufacturing capacity of the Ethernet cables. For instance, in 2008, General Cable Corp. acquired Isotec Inc. and its affiliate, Gepco, for approximately USD 46 million to boost cabling products for the broadcast and entertainment industries. Power over Ethernet was a new concept which is capable of powering remote device and eliminating separate power cable along with high-efficiency network transfer.
Copper cable contributed the highest revenue share in 2016. Furthermore, it was extensively used owing to its high strength and high-speed connectivity. Increasing use of the product in industrial applications coupled with the shift from manual to digital in the sector is anticipated to fuel its growth over the projected period.
Initiatives taken by companies such as Belden Inc., SAB Bröckskes, and General Cable Technologies Corporation to use efficient materials for high-speed continuous data transfer and high durability are expected to boost the market over the forecast period. Benefits associated with fiber optic cables such as efficiency, long distance uninterrupted connections and growing demand for high-speed internet is anticipated to increase the market over the forecast period.
Asia Pacific held the major share accounting for 35.6% of the total revenue share in 2016 due to increase in demand for high-speed internet, increasing automation in industries, and reliable performance of Ethernet cable. Furthermore, China has the highest demand for fiber optics within Asia Pacific which is expected to fuel the market growth over the forecast period.
Key players within the global industry are Belden Inc., Siemon, SAB Bröckskes, Nexans, Rockwell Automation, Hitachi Ltd, Prysmian Group, Schneider Electric, Anixter Inc and General Cable Technologies Corporation. These companies are focusing on R&D to manufacture products that can transmit faster speed internet over longer distances.
Browse Details of Report @ https://www.hexaresearch.com/research-report/ethernet-cables-market
Hexa Research has segmented the global Ethernet cable market based on type, application and region:
Segmentation by type 2014 – 2024 (USD Million)
• Copper Cable
• Fibre Optic Cable
Segmentation by application 2014 – 2024 (USD Million)
• IT & Network Security
Segmentation by region, 2014 – 2024 (USD Million)
• North America
• Asia Pacific
• Rest of the World
Key players analyzed
• Belden Inc.
• SAB Bröckskes GmbH & Co. KG
• Rockwell Automation
• General Cable Technologies Corporation
• Hitachi Ltd.
• Prysmian Group
• Schneider Electric
• Anixter Inc.
• Siemens AG
Browse Related Category Reports @
- Software Defined Data Center (SDDC) Market – The global software defined data center market size was valued at USD 26.33 billion in 2016 and is expected to grow owing to its benefits such as advances in networking capability, reduction in storage cost, virtualization and high flexibility
- Mobile Satellite Services Market – The global mobile satellite services market size is expected to reach USD 5.53 billion by 2024. The growing demand for communication devices which provide services such as sending and receiving data from any remote location is the key factor that has been driving the market
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
More Information Visit @ www.hexaresearch.com
Company Name: Hexa Research
Contact Person: Ryan Shaw
Email: Send Email
Phone: +1-408-342-1548, Toll Free:+1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
Country: United States