Cable Market to Record a CAGR of 7.10% by 2025 | Implementation of Smart Grid Technology to Boost Growth | Technavio

NEW YORK, Nov. 8, 2021 /PRNewswire/ — The cable market is set to grow by USD 88.49 bn between 2020…

NEW YORK, Nov. 8, 2021 /PRNewswire/ — The cable market is set to grow by USD 88.49 bn between 2020 and 2025 and register a CAGR of 7.10%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Read Free Sample Report to explore growth opportunities in the cable market

The cable market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report also covers the following areas:

Cable Market 2021-2025: Segmentation

  • End-user
    • Telecommunication
    • Power Transmission
    • Construction
    • Refineries And Oil Rigs
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

To learn about the contribution of each segment of the market, Download a Free Sample

Cable Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the cable market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Southwire Co. LLC, and Sumitomo Corp.

The increase in renewable energy generation, government initiatives to expand or upgrade transmission and distribution systems, and implementation of smart grid technology will offer immense growth opportunities. However, factors such as complex planning and authorization procedures leading to delays may threaten the growth of the market.

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Regional Analysis

Technavio’s market research report offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities. Based on geography, the cable market has been segmented into five regions, namely APAC, Europe, North America, South America, and MEA. According to our research, APAC is expected to account for 57% of the growth of the market during the forecast period. China, Japan, and India are the key countries for the cable market in APAC. The region is expected to offer several growth opportunities to market vendors during the forecast period owing to its significant growth rate. Factors such as government initiatives to expand or upgrade transmission and distribution systems will facilitate the growth of the cable market growth in APAC during the forecast period.

Cable Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist cable market growth during the next five years
  • Estimation of the cable market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the cable market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cable market vendors

Related Reports:

  • Cables and Accessories Market: The cables and accessories market has been segmented by voltage (low, medium, and high) and geography (APAC, Europe, North America, MEA, and South America). Download Free Sample Report
  • High-voltage Power Cable Market: The high-voltage power cable market has been segmented by product (high-voltage and extra-high voltage) and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report

Cable Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.10%

Market growth 2021-2025

USD 88.49 billion

Market structure

Fragmented

YoY growth (%)

6.72

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 57%

Key consumer countries

China, US, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Southwire Co. LLC, and Sumitomo Corp.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

For more valuable insights on the market, Read Our Report Snapshot

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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