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At 7.9% CAGR, North America Premise Cable Market Expected to Reach $2.0 Billion By 2022 | Recent Developments and Growth Opportunities - 2026

04-06-2020 09:48 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

North America Premise Cable Market

North America Premise Cable Market

According to a report published by Allied Market Research, titled, "North America Premise Cable Market by Type (Copper Cables and Fiber Optics), Application (Industrial, Broadcast, Enterprise, IT & Network Security) - Opportunity Analysis & Industry Forecast, 2014-2022", the North American premise cable market accounted for $1,173 million in 2015, and is estimated to reach $2,004 million by 2022, growing at a CAGR of 7.9% from 2016 to 2022. The U.S. dominated the North American premise cable market in 2015, accounting for a share of over 73%.

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Premise cables are manufactured to meet the current Electronic Industry Association (EIA)/Telecommunications Industry Association (TIA) standards. Other standards for premise cables are given by American National Standards Institute (ANSI) and International Standard Organization (ISO). These standards are followed to deliver maximum product performance levels and proper design layout.

The ease of installation provided by the premise cable, the growth in the demand for data, and the improved cable technology are some of the factors fueling the demand for premise cables in North America. However, due to emerging concept of establishing wireless networks under the influence of Internet of Things (IoT) is substantially impacting the growth of wired network industry, thereby restarting the growth of premise cable market. The escalating demand of high-speed connectivity devices and systems across applications, such as enterprise and IT, the premise cables are expected to provide lucrative opportunities to the market.

Based on cable type, the copper cables segment held the largest market share of 62% in 2015, and is anticipated to grow at a CAGR of 6.5% during the forecast period. The fiber-optic cable segment is projected to attain a value of $873 million by 2022, owing to rapidly gaining popularity of fiber-optic cables and 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 $873 million by 2022.

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The industrial application accounted for the highest share of revenue in 2015, as it comprises all the small-and large industries that use Ethernet cables for connecting machineries and other automation purposes. The others segment, covered under the scope of the report presents itself as the lucrative market with highest CAGR from 2016 to 2022, owing to the emergence of real-time health monitoring and the need for establishing a robust transmission network in the institutional sector.

The North America premise cable market is analyzed based on its country level distribution across the U.S., Canada, and Mexico. The U.S. is the dominant region and is estimated to be the highest in terms of revenue till the end of the forecast period, with a high involvement in the oil & gas industry, Canada is the second highest revenue generating region followed by Mexico.

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Key Findings of the Premise Cable Market:
1. In 2015, the copper cables generated the highest revenue, accounting for over 62% of the North American market.
2. The CAT7 segment in copper cables is expected to grow at the highest CAGR of 24.2% from 2016 to 2022, owing to the rise in application of such category cables globally.
3. Single-mode fiber optic cable held the highest market share of around 76% in 2015, while multi-mode fiber optic cable, is expected to grow at 15.1% by 2022.
4. The U.S. accounted for the highest revenue, and dominated the market, with holding over 70% of the market throughout the forecast period from 2016 to 2022.

The key players profiled in the report are Anixter Inc., Belden Inc., General Cable Technologies Corporation, Hitachi, Ltd., HellermannTyton, Nexans, Prysmian Group, Schneider Electric, Siemens AG, and The Siemon Company.

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Premise Cable Market, By Type
Chapter 5: North America Premise Cable Market, By Application
Chapter 6: North America Premise Cable Market, By Country
Chapter 7: Company Profiles

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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