Press release
Cables Market Intelligence Report 2020-2030 Investigates Top Technology Trends and Highlights Key Competitive Players- Prysmian Cables Systems, Nexans, ABB, Furukawa, General Cable, Axon Cable, Polycab, KEI Industries and Huawei Technologies
Cables Market
Competitive analysis and profiles of the major cables market players, such as Prysmian Cables Systems, Nexans, ABB, Furukawa, General Cable, Axon Cable S.A.S., Polycab, KEI Industries, SUMITOMO ELECTRIC WIRING SYSTEMS, INC and Huawei Technologies Co. Ltd. are provided in this report.
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Key Benefits For Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cables market analysis from 2020 to 2030 to identify the prevailing cables market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the cables market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global cables market trends, key players, market segments, application areas, and market growth strategies.
The Low Segment to Maintain its Leadership Status Throughout the Forecast Period
Based on voltage type, the low segment held the highest market share in 2020, accounting for more than two-fifths of the global cables market, and is estimated to maintain its leadership status throughout the forecast period, due to the upsurge in usage of low voltage cables in industrial, appliance wires, distribution networks, and utilities.
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The IT and Telecommunication Segment to Maintain its Lead Position During the Forecast Period
Based on end use, the IT and Telecommunication segment accounted for the largest share in 2020, contributing to around one-fourth of the global cables market, and is projected to maintain its lead position during the forecast period. The rise in adoption of smartphones and the rapid penetration of the internet services around the world are some of the significant factors affecting the growth of the market.
Asia-Pacific to Maintain its Dominance by 2030
Based on region, Asia-Pacific held the highest market share in terms of revenue 2020, accounting for more than two-fifths of the global cables market. Moreover, the same region is expected to witness the fastest CAGR of 9.3% during the forecast period.
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Cables Market Report Highlights
By Installation Type
• Overhead
• Underground
• Submarine
By Voltage Type
• High
• Medium
• Low
By End Use
• Industrial
• Aerospace and Defense
• Oil and Gas
• Energy and Power
• IT and Telecommunication
• Others
Read Report Summary: https://www.alliedmarketresearch.com/cables-market-A16414
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