Copper Cable Market to Show Extraordinary Growth with a CAGR of 12.55% from 2017 to 2023

According to a recent report published by Allied Market Research, titled, Latin America copper cable market for LAN application by Type, and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the Latin America copper cable market for LAN application is projected to reach at $203.35 million by 2023, growing at a CAGR of 12.55% from 2017 to 2023.

The copper cable market for LAN application is expected to witness high growth rate due to growth in demand for data, improves cable technology and easy installation & connection.

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The copper cable market for LAN application signifies a promising picture for the cabling industry. The current business scenario has witnessed an increase in the demand of copper cables for LAN application particularly in the developing regions. The companies adopt innovative techniques such as product launch, product developments, and partnerships in an effort to provide customers with advanced and innovative product offerings.

The Latin America copper cable market for LAN application is projected to witness considerable growth, especially in Argentina owing to and easy installation & connection, and growth in demand for data.

Rest of Latin America (Except Brazil, Argentina, and Mexico) is expected to lead the Latin America copper cable market for LAN application throughout the forecast period (2017-2023). However, Argentina has the highest CAGR throughout the forecast period.

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North America holds majority of the shares and lead the structured cabling market in 2016. From growth perspective, LAMEA and Asia-Pacific are the two potential markets, expected to witness considerable increase in growth rates during the forecast period (2017-2023). LAMEA is expected to grow at a highest rate during the forecast period.

Belden Inc., Commscope, General Cable Technologies Corporation, Hitachi, ltd., Nexans, Induscabos Electricos, Prysmian group, Leviton Manufacturing Co., Inc., Siemon, and Panduit are key market players that occupy a significant revenue share in the Latin America copper cable market for LAN application.

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Key Findings of the Latin America Copper Cable Market:

CAT 6 cable type generated the highest revenue of the Latin America copper cable market for LAN application.

The industrial application generated the highest revenue among the Latin America copper cable market for LAN application in application segment.

Argentina is anticipated to exhibit a highest CAGR during the forecast period.

Rest of Latin America (Except Brazil, Argentina, and Mexico) contributed the highest market shares in the Latin America copper cable market for LAN application followed by North America.

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PORTER'S FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate-to-high threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers

3.4. VALUE CHAIN ANALYSIS

3.4.1. Top 10 manufacturers
3.4.2. Top 10 suppliers

3.5. MARKET SHARE ANALYSIS, 2016

3.5.1. Market share by value sales
3.5.2. Market share by volume sales
3.5.3. Latin American country wise market share

3.6. PRICE POINT ANALYSIS, 2016
3.7. MARKET DYNAMICS

3.7.1. Drivers

3.7.1.1. Growth in demand for data
3.7.1.2. Improved cable technology
3.7.1.3. Easy installation and connection

3.7.2. Restraints

3.7.2.1. Negative impact of Internet of Things

3.7.3. Opportunities

3.7.3.1. Surge in demand for high-speed connectivity devices and systems
3.7.3.2. Continuous expansion of communication sector

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