The study covers a detailed analysis segmented by key business segments i.e. by type (Unshielded Twisted Pair (UTP) Cable, Shielded Twisted Pair (STP) Cable, Coaxial Cable, Fiber Optic Cable and Others) and major geographies.
What is Electrical cable?
An Electrical cable is known as the conductor of electricity which is made up of two or more insulated wires wrapped in one jacket. It is used to carry electrical current from the power source to the end user device, like an outlet or light. An electrical cable is used in electrical and communication fields. The market of the Electrical Cable is rising continuously due to the growing renewal of existing cable connection with the new one, also the development in the electronics sector is booming a lot in the electrical cable market.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Electrical cable market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- Southwire (United States)
- General Cable (United States)
- Superior Essex (United States)
- Commscope (United States)
- Prysmian Group (Italy)
- Nexans (France)
- Grupo Condumex (United States)
- Corning (United States)
- Sumitomo Electric Industries (Japan)
- Belden (United States)
Prysmian group and General Cable Corporation, two leading wire and cable manufacturers announced a merger agreement
The U.S. government encourages the smart grid implementation through The Energy Independence and Security Act, NIST Smart Grid Framework and Roadmap, National Science & Technology Council Smart Grid IAWG & Smart Grid Task Force, and Federal Energy Regulatory Commission and Development of smart cities across the country under smart cities mission coupled with increasing number of electronic devices per household and development of manufacturing industries under the Make in India' initiative
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Demand for flexibility and customization of electrical cables is increasing and Huge demand for insulated cable
- Electronic devices which rely on wireless technology is reducing demand for the electrical cable
Cables manufacturers are developing new products and systems which can adapt to their varying demands, thus offering numerous opportunities to the electrical cable segment
Key highlights of the Global Electrical cable market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Electrical cable market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Electrical cable market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Electrical cable Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electrical cable market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electrical cable market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Electrical cable Industry Investors, Electrical cable Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End user.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.