Ethernet Cable Market to Reach $1 Billion by 2022
Allied Market Research has stated in a recent report that the Global Ethernet Cable Market is estimated to reach $1 billion by 2022. It is also anticipated to grow at a CAGR of 14.3% during the forecast period 2014 – 2022.
Thus far, market growth has been fueled by the demand for high speed Internet and a rise in data center installation activities, primarily in the industrial sector. A rise in Power over Ethernet (PoE) coupled with an increase in data center installations is expected to fuel the anticipated global market growth.
However, high installation cost and limited availability may also restrict the market.
The copper cable segment accounted for over 50% of the overall 2015 Ethernet cable market due to the high speed and low cost of the cables in industrial applications. However, the fiber-optic cable segment is expected to grow at a CAGR of 20.5% during the forecast period due to increase in installation of fiber-optic cables for long distance applications.
At 35% overall market revenue, the Asia-Pacific market sector had the highest contribution of over 35% market revenue, followed by Europe.
The Asia-Pacific sector is also projected to be the fastest growing region throughout the analysis period as China has the highest demand for fiber-optic cables due to high-speed Internet demand and various security reasons.
- In 2015, the copper cables segment led the overall Ethernet cable market revenue, and it is projected to grow at a CAGR of 14.3% during the forecast period.
- The broadcast application segment is expected to exhibit rapid growth, owing to the rise in media and telecast activities.
- Asia-Pacific leads the world Ethernet cable market and is expected to continue thanks to a swift rise in Internet demand from several countries including China, Japan and India.
- China leads the overall Asia-Pacific Ethernet cable market with over one-third of the market share.
The key players in the Ethernet cable market profiled in this report include Belden Inc., General Cable Technologies Corporation, Nexans, SAB Brckskes GmbH & Co. KG, Siemon, Schneider Electric, Anixter Inc., Siemens AG, Hitachi, Ltd., and Prysmian Group.