Global Wires & Cables Market 2019 Key Players, Trends And 2022 Forecast Research Study
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Major Competitors are Sumitomo Electric Industries Ltd., LEONI AG, South Wire Company LLC, Furukawa Electric Industries Ltd., Amphenol Corporation
The growth of the market in the historic period can be attributed to the rise in electricity consumption in both the developed and developing countries, renewal of power transmission networks in developed countries, growth in the automobile industry, and growth in emerging economies.
Faster growth of the market in the forecast period than in the historic period can be attributed to the growing popularity of Ethernet, expected growth in the medical devices industry and advances in communications technology.
Major trends influencing the wires and cables market include:
Increasing Use Of Polymer Optic Fibers – Polymer optic fibers are widely being used in the automotive, aircraft manufacturing, electronics and other industries apart from the telecommunications industry. Polymer optic fibers, which are similar to glass optic fibers, are made with polymers and transmit light through the core of fibers. They comprise of polymethyl methacrylate (PMMA) that facilitates light transmission along with fluorinated polymer which is the cladding material.
Increasing Adoption Of Fast Charging Cables – Advances in the smartphone technologies such as fast-charging technology are increasing the demand for fast-charging cables. Fast-charging cables are active copper cables for data transmission that use one or numerous silicon chips (semiconductors) to boost the performance of the cables.
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