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Cables & Wires and Connectors Market: Infrastructure Development Fuelling Demand
Koncept Analytics, March 2008, Pages: 31
The global cables wires industry was estimated to be worth US$140 billion in 2006. The energy cable segment dominates the industry with the highest share of 62%, followed by communication cables at the second spot. The global connectors industry was estimated at around US$40 billion in 2006. With a wide variety of connectors available in the market, they are broadly classified on the basis of their level of interconnect.
The ongoing practice of upgrading power grids in developed countries along with new installations in emerging markets is one of the major growth drivers. Another supporting factor in line is the capacity constraint faced by major players like Prysmian and General Cable Corp., which is eventually leading to increased margins.
Meanwhile, the global optical fibres market is fairly consolidated in nature with Draka Comteq as the world’s largest company with the highest market share of around 25%.
The active operators in the global industry for cable wires and connectors are Draka, General Cable, CommScope, Belden Inc. to name a few.
Analysts believe that factors like rising electronics market, improved speed and other features in existing products, and shorter product life cycles will prove helpful in the market growth in future.
The current report begins with a discussion of the cable wires and connectors market and further it presents key market trends, growth drivers and major challenges faced by the industry. It also offers profiles of the leading market players along with their respective financial highlights.
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