Press release
Ethernet Cable Market is Expected to Reach $29.23 Billion by 2030, Registering a CAGR of 11.3%
Ethernet Cable Market
The ethernet cable market size was valued at $10.49 billion in 2020, and is projected to reach $29.23 billion by 2030, registering a CAGR of 11.3%. Asia-Pacific is expected to be the leading contributor toward the global market during the forecast period, followed by LAMEA and Europe.
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Growth of the global ethernet cable market size is anticipated to be driven by factors such as surge in demand for high-speed internet facility, increase in application of automation across industries, and reliable performance of ethernet cables. In addition, rapid urbanization in developing economies leads to increase in data consumption, which propels the overall market growth.
Moreover, developing nations tend to witness high penetration of ethernet cable products, especially in residential segment, which is anticipated to augment the market growth. Factors such as rise in adoption of power over ethernet (PoE) accelerate the ethernet cable industry growth.
The global ethernet cable market share is segmented on the basis of type, cable type, cable category, application, and region. By type, the market is classified into copper cable and fiber optic cable. On the basis of cable type, it is fragmented into unshielded twisted pair and shielded twisted pair. By cable category, it is divided into CAT 5E, CAT 6, CAT 6A, CAT 7, CAT 8, and others. By application, it is categorized into residential, industrial, and commercial.
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Competitive Analysis:
The company profile section of the ethernet cable market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global ethernet cable market include,
• Belden Inc
• Prysmian Group
• Leviton Manufacturing Co. Inc
• the Siemon Company
• SAB Brockskes GmbH & Co. KG
• Nexans S.A
• Southwire Company LLC
• Hitachi, Ltd
• SIEMENS AG
• Schneider Electric S.E.
Region wise, the ethernet cable market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed maximum revenue in 2020. However, between 2020 and 2030, the market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from emerging economical countries such as India, China, Japan, Taiwan, and South Korea.
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Key Findings of the Study
• The copper cable segment is projected to be the major type, followed by the fiber optic cable segment.
• Asia-Pacific and North America collectively accounted for more than 63% of the ethernet cable market share in 2020.
• India is anticipated to witness highest growth rate during the forecast period.
• U.S. was the major shareholder in the North America market, accounting for approximately 70% share in 2020.
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