"currently, the increased emphasis on the
Internet of Things (IoT) that promotes wireless connection is restraining the
growth of North American premise cable market. However, the increase in demand
for high speed connectivity devices and systems are expected to act as a
supportive factor, thereby aiding the market to explore potential in the
future".
Komal Sharma
Research Analyst at Allied Market Research,
Research Analyst at Allied Market Research,
North America Premise Cable Market Report, published
by Allied Market Research, states that North American premise cable market
accounted for $1,173 million in 2015, and is estimated to reach $2,004 million
by 2022, growing at a CAGR of 7.9% from 2016 to 2022. The U.S. dominated the
North American premise cable market in 2015, accounting for a share of over 73%.
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Premise
cables are manufactured to meet the current Electronic Industry Association
(EIA)/Telecommunications Industry Association (TIA) standards. Other standards
for premise cables are given by American National Standards Institute (ANSI)
and International Standard Organization (ISO). These standards are followed to
deliver maximum product performance levels and proper design layout.
The
ease of installation provided by the premise cable, the growth in the demand
for data, and the improved cable technology are some of the factors fueling the
demand for premise cables in North America. However, due to emerging concept of
establishing wireless networks under the influence of Internet of Things (IoT)
is substantially impacting the growth of wired network industry, thereby
restarting the growth of premise cable market. The escalating demand of high
speed connectivity devices and systems across applications, such as enterprise
and IT, the premise cables are expected to provide lucrative opportunities to
the market.
Based
on cable type, the copper cables segment held the largest market share of 62%
in 2015, and is anticipated to grow at a CAGR of 6.5% during the forecast
period. The fiber-optic cable segment is projected to attain a value of $873
million by 2022, owing to rapidly gaining popularity of fiber-optic cables and
demand for high-speed data transfer over long distances. Hence, it is expected
to exhibit significant growth during the forecast period and attain a value of
$873 million by 2022.
The
industrial application accounted for the highest share of revenue in 2015, as
it comprises all the small-and large industries that use Ethernet cables for
connecting machineries and other automation purposes. The others segment,
covered under the scope of the report presents itself as the lucrative market
with highest CAGR from 2016 to 2022, owing to the emergence of real-time health
monitoring and the need for establishing a robust transmission network in the
institutional sector.
The
North America premise cable market is analyzed based on its country level
distribution across the U.S., Canada, and Mexico. The U.S. is the dominant
region and is estimated to be the highest in terms of revenue till the end of
the forecast period, with a high involvement in the oil & gas industry,
Canada is the second highest revenue generating region followed by Mexico.
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Key
Findings of the Premise Cable Market:
- In 2015, the copper cables generated the highest revenue,
accounting for over 62% of the North American market.
- The CAT7 segment in copper cables is expected to grow at the
highest CAGR of 24.2% from 2016 to 2022, owing to the rise in application
of such category cables globally.
- Single-mode fiber optic cable held the highest market share
of around 76% in 2015, while multi-mode fiber optic cable, is expected to
grow at 15.1% by 2022.
- The U.S. accounted for the highest revenue, and dominated the
market, with holding over 70% of the market throughout the forecast period
from 2016 to 2022.
The
key players profiled in the report are Anixter Inc., Belden Inc., General Cable
Technologies Corporation, Hitachi, Ltd., HellermannTyton, Nexans, Prysmian
Group, Schneider Electric, Siemens AG, and The Siemon Company.
About Us
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as
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strategic business decisions and achieve sustainable growth in their respective
market domain.
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various companies and this helps us in digging out market data that helps us
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market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology
includes deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
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