Residential Cable Market in Americas, APAC and EMEA Region 2017 to 2021

MarketResearchNest.com adds “Global Residential Cable Market 2017-2021” new report to its research database. The report spread across 77 pages with table and figures in it.

Research analysts forecast the global residential cable market to grow at a CAGR of 5.25% during the period 2017-2021.

About Residential Cable
The cables and wires industry has witnessed a significant growth over the past two decades. The industry has transformed from a small-scale to a large-scale industry in the current period. The substantial growth witnessed in the industrial, manufacturing, and construction sectors has resulted in the development of all the economies across the globe. The growth in commercial and residential construction has played a crucial role in driving the market for wires and cables.

Covered in this report
The report covers the present scenario and the growth prospects of the global residential cable market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-residential-cable-market-2017-2021.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Residential Cable Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global residential cable market: Belden, General Cable Technologies, Nexans, NKT group, Polycab, and Prysmian Group.

Other Prominent Vendors in the market are: Amphenol, Anchor Electricals, Finolex Cables, Habia Cable, Havells India, Hengxin Technology, KEI Industries, Kingsignal Technology, Legrand, LS Cable & System, Trigiant Group, V-GUARD INDUSTRIES, W. L. Gore & Associates, and Zhuhai Hansen Technology.

Commenting on the report, an analyst from Research team said: “One trend in the market is increasing popularity of fiber optic cables. Fiber optics is a method of transmitting information through a fiber optic network cable, which contains strands of glass fibers inside an insulated casing. These cables are designed for long distance, high-performance data networking, and telecommunications.”

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According to the report, one driver in the market is rise in rural electrification. Rural electrification is the process of delivering power to the remote or rural areas of a country. The expansion of electricity services and electrification are crucial for the social and economic development of any country. Currently, electricity services in the rural areas in emerging economies are in the developmental stage, with the governments of these countries introducing various programs to improve the condition of electricity in such areas. With the rise in such initiatives, the market potential for residential cables, which find use in a variety of household applications along with their use as power cables, is likely to grow.

Further, the report states that one challenge in the market is declining CATV subscriber base in several countries. The cable industry has witnessed a decline in the number of TV subscribers in the developed nations where efficient Internet services are available. This decline is witnessed despite the rise in the number of cable broadband subscribers and is attributed mainly to customer preference toward satellite TV, streaming, and IPTV-based services. Streaming service providers such as Hulu, Netflix, Hotstar, and Amazon Prime Video offer monthly access to online shows at a price that is lower than the CATV subscription rate. Such services are also known as subscription video-on-demand (SVoD).

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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