Lucrative market stats encourage investments in North America Ethernet Cable Market

Ethernet Cable Market Report, published by Allied Market Research, forecasts that the Ethernet cable market size is projected to reach $376 million by 2022 from $121 million in 2015, growing at a CAGR of 17.7% from 2016 to 2022. The U.S. dominated the North America Premise Cable market in 2015, accounting for a market share of over 71%.

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Ethernet cable is defined as the network cable used to establish a network by connecting PCs, routers, switches, and others over a Local Area Network (LAN). These cables are used for data transmission over short and long distances through copper cables and fiber optic cables, thus, covering approximately a range of 100 meters to 2,000 meters. This market growth is supported by its unmatched benefits such as higher data transfer speed, increased reliability, and lower chances of interference from external factors. Presently, higher installation costs and tough competition from wireless technologies act as major restraints for the market growth. However, these restraints are expected to lose their impact shortly, owing to rapid technological advancements and various benefits such as Power-Over-Ethernet (PoE) in the Ethernet cable market.

By subsystem segment, Ethernet cable types are covered under the scope of the report, where copper cables held the largest market share of 62% in 2015 and are estimated to grow at a CAGR of 15.2% during the forecast period. Fiber-optic Ethernet cables are gaining popularity due to the rise in 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 $175 million by 2022.

Geographically, the North American Ethernet cable market is analyzed based on its geographical distribution across the U.S., Canada, and Mexico. The U.S. market acquires a dominant share amongst the mentioned countries and is expected to reach a value of $253 million by 2022, owing to the increase in demand for data storage and various government initiatives in oil & gas industries. Canada is also estimated to be the fastest growing region that will grow substantially at a CAGR of 20.1% during the forecast period because of the rapid increase in industrialization and high Internet penetration.

Key findings of the Ethernet Cable Market

• Broadcast segment is expected to grow at the highest CAGR of 20.4% from 2016 to 2022.
• Copper Cables held the major market share of around 62% in 2015, while share of fiber-optic cables is expected to grow to 47% by 2022, owing to the increase in need of high speed networks.
• The U.S. accounted for the highest revenue, dominating the market in 2015, accounting 71.0% of total revenue.

The key players profiled in the report are Belden Inc., Nexans, Anixter International Inc., General Cable Technologies, Alpha Wire, The Siemon, Schneider Electric SE, Siemens AG, Hitachi Ltd., and Prysmian Group.

About Us:

Allied Market Research is a global 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.

Our market research department starts with the research task considering specific concerns and ambitions of the client. We understand that every market is driven by certain key factors locally as well as globally. Our analysts dig out those factors, helping clients understand the importance and impact of every such driving force. Moreover, possible restraints of the market are discovered and suggestions to tackle those restraints are formulated after extensive research and analysis of the overall market conditions. Making an even deeper insight, we analyze the market trend including both qualitative and quantitative present market scenario in every geographical region segmented as per the business domain concerned and overall performance in different regions throughout the globe.

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