Home Financial Record Cable Market To Record 7.10% CAGR By 2025 | Implementing Smart Grid Technology to Drive Growth

Cable Market To Record 7.10% CAGR By 2025 | Implementing Smart Grid Technology to Drive Growth

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NEW YORK, November 8, 2021 / PRNewswire / – The Cable Market Is Expected To Grow $ 88.49 billion between 2020 and 2025 and registers a CAGR of 7.10%, according to the latest estimates in Technavio’s market research report. With a focus on identifying the dominant influencers in the industry, Technavio’s reports present a detailed study through the synthesis and summation of data from multiple sources. This report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Cable Market by End User and Geography – The 2021-2025 Forecast and Analysis report is now available on Technavio

Read a free sample report explore growth opportunities in the cable market

The cable market is fragmented and the degree of fragmentation will accelerate during the forecast period. To take advantage of current opportunities, market sellers need to strengthen their presence in fast growing segments while maintaining their positions in slow growing segments.

The report also covers the following areas:

Cable market 2021-2025: Segmentation

To know the contribution of each market segment, Download a free sample

Cable Market 2021-2025: Analysis and Scope of Suppliers

To help companies improve their position in the market, Cable Market provides detailed analysis of around 25 vendors operating in the market. Some of these suppliers 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.

Increasing renewable energy production, government initiatives to expand or modernize transmission and distribution systems, and the implementation of smart grid technology will provide immense opportunities for growth. However, factors such as complex planning and authorization procedures leading to delays may threaten the market growth.

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Regional analysis

The Technavio market research report offers up-to-date analysis of the geographic composition of the market along with competitive intelligence and regional opportunities. On the basis of 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 market growth during the forecast period. China, Japan, and India are the key countries for the APAC cable market. The region is expected to offer several growth opportunities for the market vendors during the forecast period owing to its large growth rate. Factors such as government initiatives to expand or upgrade the transmission and distribution systems will facilitate the growth of the APAC cable market during the forecast period.

Cable Market 2021-2025: Highlights

  • Market CAGR during the forecast period 2021-2025

  • Detailed information on the factors that will contribute to the growth of the cable market over the next five years

  • Estimation of the size of the cable market and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the cable market

  • Market competitive landscape analysis and detailed supplier information

  • Complete details on the factors that will challenge the growth of the cable market vendors

Associated reports:

  • Cables and accessories market: The cables and accessories market has been segmented by voltage (low, medium and high) and by geography (APAC, Europe, North America, MEA and South America). Download a free sample report

  • High voltage electric cables market: The high voltage electrical cables market has been segmented by product (high voltage and extra high voltage) and geography (APAC, North America, Europe, South America, and MEA). Download a free sample report

Scope of the cable market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 7.10%

Market growth 2021-2025

$ 88.49 billion

Market structure

Fragmented

Annual growth (%)

6.72

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

APAC at 57%

Main consumer countries

China, United States, Japan, India and Germany

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

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 Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Contents:

Abstract

Market landscape

  • Market ecosystem

  • Value chain analysis

For more valuable market information, Read our report snapshot

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

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