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At 8.3% CAGR, Premise Cable Market Expected to Reach $9.28 Billion By 2026 | Top Impacting Factors and Business Strategies - 2027
Premise Cable Market
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Drivers, restraints and opportunities:
Increase in demand for data, enhanced cable technology, and easy installation & connection are the major factors driving the growth of the global premise cable market. On the other hand, high installation cost, limited availability for devices, and negative impact of internet of things restrain the growth to some extent. However, upsurge in demand for high-speed connectivity devices and systems is expected to create a number of opportunities in the near future.
The copper cable segment to lead the trail by 2026:
Based on type, the copper cables contributed to more than half of the global premise cable market share in 2018 and is expected to dominate throughout 2019-2026. The fact that copper cables are cheaper in cost as compared to other networking cables has supplemented the growth. The fiber optic cable, on the other hand, would cite the fastest CAGR of 10.2% during the study period. The capacity of fiber to carry the audio and video over long distance has fueled the growth.
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The industrial segment held the largest share in 2018:
Based on application, the industrial segment accounted for more than one-fourth of the global premise cable market revenue in 2018 and is anticipated to retain its top status by 2026. This is attributed to the fact that these cables are majorly used for data transmission in industrial robotic applications and provide reliable result. At the same time, the IT & Telecom segment would register the fastest CAGR of 8.5% throughout 2019-2026.
North America to rule the roost in terms of revenue:
Based on geography, North America held the major share in 2018, generating nearly one-third of the global premise cable market. Growing adoption of new technologies such as automated lighting and smart energy systems, followed by growth of institutional setups such as school, colleges, and universities in North America contributes to the premise cables market in region. Simultaneously, the region across Asia-Pacific is projected to cite the fastest CAGR of 10.5% till 2026. Growing population, followed by increase in demand for network connectivity, and multimedia devices drives the demand for premise cables in Asia-Pacific during the study period.
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Leading Market Players:
1. Prysmian Group
2. Nexans
3. Southwire Company, LLC
4. SAB Bröckskes GmbH & Co. KG
5. Belden Inc.
6. Siemon
7. Schneider Electric
8. Siemens AG
9. CommScope
10. Alpha wire
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Premise Cable Market, By Type
Chapter 5: Premise Cable Market, By Application
Chapter 6: Premise Cable Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
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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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