Telecom Sector to Drive the Global Insulated Wire and Cable Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Insulated Wire and Cable markets. Global market for Insulated Wire and Cable is projected to reach US$249 billion by 2018, primarily driven by the telecom industry. Growth is likely to be fuelled by increasing telecom infrastructure spending in developing as well as developed economies around the world. While growth in developing economies is being driven by higher penetration of telecommunications, technology shifts are driving growth in developed markets. Power infrastructure, the other major driver of growth is also witnessing similar trends, wherein developing economies continue to expand power infrastructure, while developed economies are replacing aging power infrastructure.
San Jose, California (PRWEB) November 02, 2012
Follow us on LinkedIn – Information processing and communications, two of the largest markets, are expected to prop up large-scale growth in the global insulated wire and cable market. In wireless communications, applications such as base station transmission units and antenna towers are expected to drive demand for wire and cable. Telecom industry is expected to be the major driver of the wire and cable industry in future, owing to continuous upgrades in the telecom industry. Apart from growth in developing markets, an increasing number of countries in under developed countries in Africa are also beginning to realize the benefits of telecommunications in economic development. Featuring countries with some of the lowest teledensities in the world, African nations are witnessing flourishing activity in the telecom industry.
Growth of electric wires is being driven by continued growth in building construction and infrastructure in emerging markets. Even in the present state of economic uncertainty induced by the debt crisis in the Eurozone, construction activity continues to witness healthy growth in emerging markets such as China, and India. Various housing schemes being promoted in these countries as well as high priority for infrastructure development are driving growth of the construction industry, and subsequently driving growth of electric wires.
Developing countries are in general affected by shortage of power infrastructure. In China, which represent the gold standard for infrastructure development among developing regions, many areas in the north and northwest lack proper power infrastructure. On the other hand, power infrastructure in developed markets is aging, and needs to be replaced. In addition, developed markets are moving towards smart grids, which require significant investment in existing grids. Moreover, alternative energy sources such as wind and solar energy are being actively tapped across the world. These new power generation sources need to be connected to consumption centers, which require substantial investments in power infrastructure. Subsequently Governments around the world are prioritizing power infrastructure as one of the key areas for development. As such, the power infrastructure market is witnessing healthy growth across all regions.
As stated by the new market research report on Insulated Wire and Cable, Asia-Pacific represents the largest and the fastest growing market for Insulated Wire and Cable. Other developing markets such as the Middle East and Latin America are also poised to witness high growth owing to economic development in the regions. Developed economies in North America and Europe are projected to witness relatively moderate growth, owing to market saturation. Growth in these markets is expected to be mainly driven by replacement demand. Telecommunications, Data Wire & Cable represents the largest and the fastest growing segment.
The global Insulated Wire and Cable market is highly competitive and fragmented with the leading ten players accounting for a relatively modest share. Major players in the global marketplace include ABL Electronic Supplies Inc., AEI Cables Ltd., AFC Cable Systems Inc., Amphenol Corp., Asia Pacific Wire & Cable Corporation Limited, Belden Inc., Brand-Rex Ltd., Cable USA Inc., Carlisle Interconnect Technologies, Cerro Wire LLC, Coleman Cable Inc., CommScope Inc., Corning Incorporated, Delphi Corporation, Ducommun LaBarge Technologies, Electrical Components International, Encore Wire Corporation, Finolex Cables Ltd., Fujikura Ltd., Furukawa Electric Company Limited, General Cable Corporation, Hitachi Cable Ltd., LS Cable & System Limited, MOLEX Inc., NEXANS SA, NKT Cables Group GmbH, Olex Cables Limited, Permanoid Ltd., Prysmian Group S.p.A., Rea Magnet Wire Company Inc., Southwire Company, Sumitomo Electric Industries Ltd., TE Connectivity, Tele-Fonika Kable Handel S.A., and The Okonite Company.
The research report titled "Insulated Wire and Cable: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Insulated Wire and Cable (in US$) by Building Wire & Cable; Electronic Wire & Cable; Power Wire & Cable; Telecommunications, Data Wire & Cable; and Other Wire & Cable. Geographic markets analyzed include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Middle East, and Latin America.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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