Structured Cabling Market 2019 Global Key Players: CommScope, Hitachi Cable America, Panduit, Belden Incorporated, Schneider Electric SE, Teknon Corporation

Industry Overview:
Structured cabling can be defined as the installation and the design of cabling systems that supports multi-tier architecture of hardware systems. A complete set of associated hardware and cabling infrastructure; structured cabling facilitates error-free, fast and smooth transmission of data, video and voice signals from one server to another. The global structured cabling market is expected to grow at a 10% CAGR during the forecast period (2016-2022), as per a new report by Market Research Future (MRFR). It is anticipated to reach a valuation of USD 17,181.2 Mn by 2022

There has been an increasing demand for power over Ethernet (PoE) which can drive the demand of structured cabling over the forecast period. The PoE has evolved to be the powering strategy used in structured cabling which provides both data and power to network devices. In addition, due to the penetration of retail spaces, logistics, large warehousing, E-commerce, optical communication products and hypermarkets, an immense growth rate can be witnessed in the Structured Cabling Market. This is evident with recent news about three products of Corning Incorporated been awarded for breakthroughs in cabling solutions.

Since the demand for fast and advanced communication is constantly increasing and communication networks are at the nexus of infrastructure services, the global structured cabling market is expected to showcase a colossal growth in the coming years.

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Competition Analysis:
The notable players in the structured cabling market includes Hitachi Cable America, Inc. (U.K.), Belden Incorporated (U.S), Legrand SA (France), Schneider Electric SE (France), Teknon Corporation (U.S.), TE Connectivity (Switzerland), Corning, Inc. (U.S.) and many more.

Drivers and Restraints:
Increase in the adoption rate of automation for industries and home, rise penetration of the internet, rising communication infrastructure, increasing bandwidth demand across industries, and confluence of data centers are key drivers fueling the growth of the structured cable market globally.

On the other side of the coin, there are some factors which can inhibit the growth of this market. High cost of optical fiber cable, fluctuation in copper price, and price wars among cable vendors are factors hindering the growth of this market.

Global Structured Cabling Market Segmentation:
The global structured cabling market is segmented on the basis of application, industry, region, product type, and wire category. On the basis of application, the market can be bifurcated into LAN and WAN segments. On the basis of product type, the market can be segmented into copper, co-axial and fiber. Due to the rising demand and increasing usage of co-axial and fiber optic cables, there has been a notable rise in internet bandwidth speeds. High sales of smartphones and development of next-generation networks are anticipated to buttress segment growth.

By wires, the market is segmented into 5e, 6, 6a, 7 and others, while on the basis of industry, it is segmented into telecommunication and IT, commercial, BFSI, automotive, industrial, and others. The category 6 wires accounted for USD 5,137.17 Mn in 2016 and touted to expand at a rapid pace during the forecast period. The IT and telecommunication segment is anticipated to expand at a 11.07% CAGR over the forecast period.

Regional Analysis:
Geographically, the analysis of global structured cabling market covers region such as Europe, Asia Pacific, North America and Rest-of-the-World.
North America being one of the leading regions in the world, commands a large market share due to the disruption of internet of Things and advances in cloud technology. The emergence of e-commerce and increasing adoption of cloud in financial services, hospitality, insurance, hospitals, banking, and education sectors are boosting the growth of structured cabling market to a large extent.

While structured cabling market in Europe is expected to witness a rapid growth in years to come, Asia Pacific is an emerging market and expected to reach the highest CAGR in the coming years. Factors attributed to rise in demand are development of technology hubs in countries such as Japan, China, and India and increasing awareness levels among individuals.

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Industry Developments:
A leader in the manufacture of high quality fiber optic and copper cables, Hitachi Cable America, has released its Drybit Category 6 indoor/outdoor plenum-rated cables which offer a design appropriate for both plenum and wet places.

A global leader in signal transmission solutions, Belden Inc., entices technology professionals with the help of its new industry collaborations and product solutions to support the Cisco Live 2018, a movement towards construction of smart buildings, which was held on 11th June at Orange County Convention Center in Orlando, U.S.

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This release was published on openPR.