North America Ethernet Cable Market Expected to Reach $376 Million, By Leading Industry Player Belden Inc., Nexans, Anixter International Inc., General Cable Technologies, Alpha Wire, The Siemon, Schneider Electric SE, Siemens AG, Hitachi Ltd., and Prysmi
The need for secure and high speed data transfer is expected to increase during the forecast period due to rise in incidences of security threats, data breaching, and rapid increase in Internet users. However, factors such as higher installation costs, and limited physical availability for connected devices are anticipated to restrain the market growth. The demand for Power over Ethernet (PoE) in industries is expected to reveal new market opportunities by key players.
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Ethernet cable is defined as the network cable used to establish a network by connecting PCs, routers, switches, and others over a Local Area Network (LAN). These cables are used for data transmission over short and long distances through copper cables and fiber optic cables, thus, covering approximately a range of 100 meters to 2,000 meters. This market growth is supported by its unmatched benefits such as higher data transfer speed, increased reliability, and lower chances of interference from external factors. Presently, higher installation costs and tough competition from wireless technologies act as major restraints for the market growth. However, these restraints are expected to lose their impact shortly, owing to rapid technological advancements and various benefits such as Power-Over-Ethernet (PoE) in the Ethernet cable market.
By subsystem segment, Ethernet cable types are covered under the scope of the report, where copper cables held the largest market share of 62% in 2015 and are estimated to grow at a CAGR of 15.2% during the forecast period. Fiber-optic Ethernet cables are gaining popularity due to the rise in demand for high-speed data transfer over long distances. Hence, it is expected to exhibit significant growth during the forecast period and attain a value of $175 million by 2022.
Geographically, the North American Ethernet cable market is analyzed based on its geographical distribution across the U.S., Canada, and Mexico. The U.S. market acquires a dominant share amongst the mentioned countries and is expected to reach a value of $253 million by 2022, owing to the increase in demand for data storage and various government initiatives in oil & gas industries. Canada is also estimated to be the fastest growing region that will grow substantially at a CAGR of 20.1% during the forecast period because of the rapid increase in industrialization and high Internet penetration.
At present, data transfer has become an essential part of all commercial activities in industries, business, broadcast, and others. These commercial activities generate large amounts of data daily, which needs to be transferred between devices with appropriate security. Thus, Ethernet cables are used for network connections in industries and high-speed transfer of data via Internet. These cables are the most popular and reliable networking technology for residential, institutional, healthcare, and enterprise users as they are easy to install, secure, and exhibit various benefits over other networking techniques. These cables enhance the performance of connected devices via high-speed data transfers. In addition, these cables have several benefits such as lower latency, low noise interference, easy installation, and reliability.
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Ethernet cables play a crucial role in industries such as manufacturing, oil, & gas, and others, and facilitates the ability to transfer data and control machinery. Some of the major benefits of Ethernet cables are high bandwidth allocation, improved performance, and lower security threats. However, in the developed countries such as the U.S., Ethernet cables gain popularity owing to the increase in demand for industrial applications of Ethernet cables such as programmable logic controller (PLC) communication and industrial robots. Oil & gas industries predominantly drive the growth of the market in Canada.
The major players operating in this market are Belden Inc., General Cable Technologies, Nexans, Anixter International Inc., Hitachi Ltd., Prysmian Group, and others. These companies focus on new product launches with improved specification, functionality, and durability as per different installation environments. For instance, Belden Inc. recently acquired Hirschmann Automation and Control GmbH, a leading supplier of Industrial Ethernet solutions and industrial connectivity. This acquisition aimed to enhance the company’s existing product portfolio that is primarily related to the Ethernet cable segment.
LIST OF TABLES
TABLE 1. NORTH AMERICA ETHERNET CABLE MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 2. NORTH AMERICA COPPER ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 3. NORTH AMERICA FIBER-OPTIC ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 4. NORTH AMERICA ETHERNET CABLE MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 5. NORTH AMERICA INDUSTRIAL ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 6. NORTH AMERICA BROADCAST ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 7. NORTH AMERICA ENTERPRISE ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 8. NORTH AMERICA IT & NETWORK SECURITY ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 9. NORTH AMERICA OTHERS ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 10. NORTH AMERICA ETHERNET CABLE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 11. NORTH AMERICA: ETHERNET CABLE MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 12. NORTH AMERICA: ETHERNET CABLE MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 13. BELDEN: COMPANY SNAPSHOT
TABLE 14. BELDEN: OPERATING SEGMENTS
TABLE 15. GENERAL CABLE TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 16. GENERAL CABLE TECHNOLOGIES: OPERATING SEGMENTS
TABLE 17. NEXANS: COMPANY SNAPSHOT
TABLE 18. NEXANS: OPERATING SEGMENTS
TABLE 19. ALPHA WIRE: COMPANY SNAPSHOT
TABLE 20. ALPHA WIRE: OPERATING SEGMENTS
TABLE 21. SIEMON: COMPANY SNAPSHOT
TABLE 22. SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 23. SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 24. ANIXTER: COMPANY SNAPSHOT
TABLE 25. ANIXTER: OPERATING SEGMENTS
TABLE 26. SIEMENS AG: COMPANY SNAPSHOT
TABLE 27. SIEMENS: OPERATING SEGMENTS
TABLE 28. HITACHI: COMPANY SNAPSHOT
TABLE 29. HITACHI: OPERATING SEGMENTS
TABLE 30. PRYSMIAN: COMPANY SNAPSHOT
TABLE 31. PRYSMIAN GROUP: OPERATING SEGMENTS
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