Global Ethernet Cable Market Size, Share & Industry Trends Analysis Report By Type (Copper, and Fiber-Optic), By Application (Commercial, Industrial, and Residential), By Cable Type, By Regional Outlook and Forecast, 2023 - 2030

The Global Ethernet Cable Market size is expected to reach $27.8 billion by 2030, rising at a market growth of 11.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,621.3 million meter, experiencing a growth of 11.0% (2019-2022).

Ethernet cables provide a reliable, high-speed communication infrastructure, allowing for seamless data transmission within industrial processes. Therefore, the industrial segment acquired $2,510.3 million in 2022. Ethernet cables connect programmable logic controllers (PLCs), Human-Machine Interfaces (HMIs), and sensors in factory automation systems. This connectivity enables precise control of manufacturing processes, reducing errors, and improving efficiency. The adoption of industrial ethernet protocols, such as PROFINET, EtherCAT, and Modbus TCP, has driven the demand for ethernet cables. These protocols enhance communication reliability and speed, making them suitable for various industrial applications.

The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In, August, 2023, Belden, Inc. came into partnership with Tubbesing, the partnership expands Belden's customer base. Additionally, In, April, 2023, Siemens AG partnered with IBM, the partnership would allow the joint customers of the two companies to reduce their operational costs and drive operational efficiencies.

Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the Cardinal matrix; Hitachi, Ltd., Siemens AG and Schneider Electric SEare the forerunners in the Ethernet Cable Market. In June, 2022, Hitachi, Ltd. partnered with Schneider Electric, an energy management and automation solutions provider, to provide energy transition solutions to their joint customers. The customers would benefit from a strengthened supply chain and improved efficiencies. Companies such as Rockwell Automation, Inc., Prysmian Group and Nexans S.A. are some of the key innovators in Ethernet Cable Market.

Market Growth Factors

Increasing demand for high-speed internet

High-speed internet access, often delivered through cable or DSL connections, requires ethernet cables for connecting modems and routers to customer premises equipment. As more households and businesses seek faster internet access, the demand for ethernet cables in these setups has grown significantly. Fiber-optic ethernet cables have become preferred for delivering gigabit and multi-gigabit internet speeds to homes and businesses. As telecom and internet service providers (ISPs) invest in FTTH and FTTP infrastructure, the demand for fiber-optic ethernet cables has surged. Ethernet cables connect Wi-Fi access points and routers, enabling high-speed wireless internet in homes, offices, and public spaces. The proliferation of Wi-Fi networks has driven demand for ethernet cabling to provide reliable internet connectivity. The growth of these networks drives the demand for high capacity ethernet cabling. The increasing demand for high-speed internet expands the market growth.

Growing awareness of green ethernet cables

Green ethernet cables are engineered to consume less energy during operation. They often incorporate energy-efficient components like low-power transceivers and advanced power-saving features. This increased energy efficiency aligns with global efforts to reduce energy consumption in networking infrastructure. Energy-efficient ethernet (EEE) technology in green cables helps reduce the carbon footprint of network operations. These cables lower greenhouse gas emissions by consuming less energy, making them attractive to environmentally conscious organizations and industries. Energy-efficient cables result in lower operational costs. Organizations can reduce their electricity bills by using green ethernet cables, which consume less power than conventional cables. This cost-saving benefit encourages the adoption of energy-efficient cabling solutions. This shift in consumer attitudes encourages the adoption of green ethernet cables. As environmental concerns continue to drive technological innovation and influence purchasing decisions, green ethernet cables are likely to remain a significant driver in the growth and evolution of the market.

Market Restraining Factors

Complexity of network management

The complexity of network management can be a barrier to adopting ethernet cables, especially for smaller businesses and organizations with limited IT resources. They may opt for simpler solutions or delay network expansion, impacting the demand for ethernet cables. Complex networks are more prone to misconfigurations and issues. Network downtime can result in substantial financial losses, discouraging organizations from making extensive Ethernet cabling investments. Maintaining complex ethernet cabling systems can be time-consuming and labor-intensive. Organizations may delay maintenance, leading to performance degradation and potential failures. The perceived complexity of network management can create uncertainty in the market, affecting the planning and deployment of Ethernet cabling projects. The above factors will hamper market growth in the coming years.

Application Outlook

On the basis of application, the market is fragmented into industrial, commercial, and residential. The industrial segment garnered a significant revenue share in the market in 2022. Ethernet cables are integral to industrial automation systems, connecting programmable logic controllers (PLCs), sensors, actuators, and other devices to a central control system. These cables enable real-time data exchange, allowing for the automated control of machinery, production processes, and manufacturing lines. Ethernet cables are used for environmental monitoring in industrial settings, including air quality, emissions, and environmental compliance. Data collected can be transmitted to regulatory agencies and compliance systems.

Type Outlook

By type, the market is segmented into copper and fiber-optic. In 2022, the copper cable segment dominated the market with the maximum revenue share. Copper Ethernet cables are generally more cost-effective compared to their fiber optic counterparts. They are affordable and widely available, making them attractive for many users, particularly in small to medium-sized networks and home setups. Copper Ethernet cables are relatively easy to install, especially in existing network infrastructures. They are flexible and can be bent and routed easily, making them suitable for various installation scenarios. Copper Ethernet cables are an excellent choice for short to medium-distance network connections, often exceeding the requirements of typical home and office networks.

Cable Type Outlook

Based on cable type, the market is classified into unshielded twisted pair and shielded twisted pair. In 2022, the unshielded twisted pair segment witnessed the largest revenue share in the market. Unshielded twisted pair (UTP) is a copper telecommunications cabling consisting of pairs of insulated copper wires twisted around each other. It is one of the most common and widely used cables for networking and communication purposes. UTP cables are cost-effective compared to other cables, making them popular for networking solutions. UTP cables are flexible and easy to install, making them suitable for various applications and environments. UTP cables are readily available and widely used, making them easy to source for networking projects. UTP cables are commonly used in networking applications for connecting computers, printers, routers, switches, and other devices. They are widely used for Ethernet networks, supporting data rates from 10 Mbps (Cat5e) to 10 Gbps and beyond (Cat6a).

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region registered the highest revenue share in the market. The expansion of broadcast applications, the development of technologically advanced industries, and the heightened utilization of fiber optic cables have all contributed to the North American market’s growth in recent years. It is anticipated that technological advancements in the market and increased industrial demand for PoE will generate substantial growth opportunities for the market. During the forecast period, the expansion of the market in North America will be significantly propelled by the aforementioned factors.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd., Rockwell Automation, Inc., Schneider Electric SE, Belden, Inc., Prysmian Group, Nexans S.A., Anixter International Inc., Siemens AG, The Siemon Company, Leviton Manufacturing Co., Inc.

Strategies deployed in the Market

Partnerships, Collaborations & Agreements:

• Aug-2023: Belden, Inc. came into partnership with Tubbesing, a mission-critical services provider, to provide infrastructure management solutions to customers. The partnership expands Belden's customer base.
• Apr-2023: Siemens AG partnered with IBM, an American technology company, to develop solutions for service lifecycle management, systems engineering, and asset management. The partnership would allow the joint customers of the two companies to reduce their operational costs and drive operational efficiencies.
• Nov-2022: Prysmian Group partnered with Telstra, an Australian telecommunications company. The two companies aimed to build and deploy intercapital fibre networks across Australia.
• Jun-2022: Hitachi, Ltd. partnered with Schneider Electric, an energy management and automation solutions provider, to provide energy transition solutions to their joint customers. The customers would benefit from a strengthened supply chain and improved efficiencies.
• Jun-2022: Schneider Electric SE partnered with Hitachi Energy, a Swiss technology company, to provide their customers with energy transition solutions. The two companies would ensure benefits for customers in terms of operational life cycle and enhanced efficiencies.
• Nov-2021: Prysmian Group signed a partnership with Openreach, a digital network solutions provider. Under the partnership, the two companies would work together to deploy ‘gigabit-capable broadband’ across the UK.

Product Launches and Product Expansions:

• May-2023: Prysmian Group announced the launch of Ecoslim, a sustainable telecommunication system solution. The solution comprises Sirocco HD and Sirocco Extreme (XT) optical cables which are made up of lesser plastic contents as compared to other cables.
• Jan-2023: Leviton Manufacturing Co., Inc. released the MILLENNIUM Copper Cabling System. The system is composed of cables, consolidation points, jack modules, and patch cords, some of which include ATLAS-X1 SST, EXTREME SST and EXTREME 6.
• Apr-2022: The Siemon Company released the LightVerse High-Density Fiber Optic Cabling System. The system comes in 1U Core, 2U, or 4U pro versions and is designed to solve major fibre installation challenges.

Mergers & Acquisition:

• Nov-2022: Nexans S.A. announced the acquisition of Reka Cables, a Finnish cable manufacturer. The acquisition enhances Nexans' position in the North European region.
• Nov-2022: Siemens AG announced the acquisition of Avery Design Systems, Inc., a simulation-independent verification IP provider. The acquisition would allow Siemens to strengthen its mainstream verification IP portfolio.
• Oct-2022: Rockwell Automation, Inc. acquired CUBIC, a modular systems provider. The acquisition enhances Rockwell Automation's motor control technologies portfolio.
• Aug-2022: Belden, Inc. announced the acquisition of Macmon Secure GmbH, a network access solutions provider. The acquisition enhances Belden's ability to provide complete end-to-end solutions.
• May-2022: Nexans S.A. took over Centelsa, a South American cable manufacturer. The acquisition reinforces the company's strategy to become a leading Pure Electrification Player.
• Dec-2021: Siemens AG took over digital twin software from EcoDomus, an American technology company. The acquisition expands Siemens digital building portfolio.

Scope of the Study

Market Segments Covered in the Report:

By Type (Volume, Million Meter, USD Billion, 2019 to 2030)

• Copper
• Fiber-Optic

By Application (Volume, Million Meter, USD Billion, 2019 to 2030)

• Commercial
• Industrial
• Residential

By Cable Type (Volume, Million Meter, USD Billion, 2019 to 2030)

• Unshielded Twisted Pair
• Shielded Twisted Pair

By Geography (Volume, Million Meter, USD Billion, 2019 to 2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Hitachi, Ltd.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Belden, Inc.
• Prysmian Group
• Nexans S.A.
• Anixter International Inc.
• Siemens AG
• The Siemon Company
• Leviton Manufacturing Co., Inc.

Unique Offerings

• Exhaustive coverage
• The highest number of Market tables and figures
• Subscription-based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free