![]() In addition, according to industry experts, it is essential to optimize affordable prices for ethernet cable products for long-term growth. Market players are generously investing in R&D activities to develop improved solutions to reduce overall costs of ethernet cable products. However, high installation cost is still a concern for new entrants. ![]() The global ethernet cable market is flourishing at a rapid pace. KG, Nexans S.A., Southwire Company LLC, Hitachi, Ltd., SIEMENS AG, and Schneider Electric S.E. Inc., the Siemon Company, SAB Brockskes GmbH & Co. Competition AnalysisĬompetitive analysis and profiles of the major ethernet cable market players such as Belden Inc., Prysmian Group, Leviton Manufacturing Co. On the contrary, rise in demand for power over ethernet (PoE) in industries are expected to create lucrative opportunities for the market. However, high installation cost and limited physical availability for devices restricts the market growth. ![]() In addition, high reliability and low security threats offered by ethernet cable boost the overall market growth. Prominent factors that impact the ethernet cable market growth include surge in demand for high speed & low latency technology and easy installation & connection feature offered by ethernet cable. are focusing on their investments on technologically advanced, cost-effective, and more secure products and solutions for various applications. Leading ethernet cable market manufacturers such as, Belden Inc., Prysmian Group, Nexans S.A., and Schneider Electric S.E. However, Asia-Pacific is expected to witnesses significant growth by the end of the forecast period, followed by LAMEA. North America dominated the ethernet cable market share in 2020, and is projected to register significant growth rate during the forecast period, owing to growth in the fiber optic cable segment. Region wise, the ethernet cable market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). By application, it is categorized into residential, industrial, and commercial. By cable category, it is divided into CAT 5E, CAT 6, CAT 6A, CAT 7, CAT 8, and others. On the basis of cable type, it is fragmented into unshielded twisted pair and shielded twisted pair. By type, the market is classified into copper cable and fiber optic cable. The global ethernet cable market share is segmented on the basis of type, cable type, cable category, application, and region. On the contrary, surge in demand for ethernet cable from the industrial sector is expected to create lucrative opportunities for the ethernet cable market players during the forecast period. However, high initial cost acts as a major restraint for the global ethernet cable industry. In addition, rapid urbanization in developing economies leads to an increase in data consumption, which drives the overall market growth. Growth of the global ethernet cable market size is anticipated to be driven by factors such as surge in demand for high-speed internet facility, increase in application of automation across industries, and reliable performance of ethernet cables. The commercial segment has been negatively impacted by the COVID-19 pandemic outbreak. Depending on design, protocol, and scale of the network, different class of network cables such as optical fiber cable, coaxial cable, and twisted pair cables are utilized. Networking cables are used to link one network device to another or to connect more than two computers to share a printer, scanner, or other device. ![]() Ethernet is a global standard for a system of wires and connections used to connect various computers, devices, and machines over a single network in an organization. Ethernet cable is a part of networking system that allows multiple computers to connect to a single network, making device communication easier. The global ethernet cable market size was valued at $10.49 billion in 2020, and is projected to reach $29.23 billion by 2030, registering a CAGR of 11.3% from 2021 to 2030.
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