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Structured Cabling Market 2021 Status and Outlook, Industry Growth Rate, Opportunities and Challenges to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Structured Cabling Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Structured Cabling Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

The Structured Cabling Market study consists of various segments on the basis of which the Structured Cabling Market is analyzed. The individual Structured Cabling Market growth, share and size for each segment and their sub-segments is offered in the report. It delivers the historical data of the Structured Cabling Market along with the current and future forecasts of each segment.

The rising internet penetration has made a way for developing better internet and communication network to improve business operations. The high internet speed is due to the increasing use of fiber optics and co-axial cables which is gaining demand in the market. The increase in the demand of the Power over Ethernet is due the increasing demand of structured cabling that meets the need for higher bandwidth and power, while limiting the rise in temperature. It also reduces the need for additional wiring and redundant cabling. There are number of companies like Corning, Inc. (U.S.), ABB Ltd. (Switzerland), Schneider Electric SE (France), are the major players of providing structured cabling in the market. These prominent players are providing the structured cables across the world.

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With the proliferation of new technologies across the world along with smartphones and their applications has driven the market growth of structured cabling market. The smartphones and other applications are using these structure cabling as it provides high bandwidth, network connectivity which is required in small and medium businesses. The structured cables has huge demand in the forthcoming years. The companies including Schneider Electric SE (France), Teknion Corporation (U.S.), Siemens (U.S.) are basically concentrating on commercial buildings and communications cabling which fulfills the customer’s requirement

Regional Analysis:

Geographically, North America region has been projected to hold the largest market share in global structured cabling market followed by Europe region, while Asia Pacific ranks third in the structured cabling market. North America is dominating the structured cabling market and holds approximately 45% share of the market in 2016. Asia Pacific is the fastest growing region in structured cabling market due to growing technology advancement, thereby occupying nearly 18% market share

Segments:

Structured Cabling market has been segmented on the basis of wire category, application, product type, and industry.

Key Players:

CommScope, Inc. (U.S.), Nexans S.A. (France), Panduit Corp. (U.S.), Legrand (France), Corning, Inc. (U.S.), Belden, Inc. (U.S.), ABB Ltd. (Switzerland), Schneider Electric SE (France), TE Connectivity (Switzerland), Hitachi Cable America Inc. (New York)

Target Audience:

• Electronic component manufacturers
• Chipset designers
• Electronics and Semiconductor Enterprises
• Consumer Electronics
• Original Equipment Manufacturers (OEMs)
• Technology Standards Organizations, Forums, Alliances
• Research Organizations
• Government Agencies

Key Findings:

• The global structured cabling market is expected to reach USD 17.8 billion by 2022
• By wire category, category 6 is dominating the market and has generated USD 5.13 billion in 2016 and is expected to grow up to USD 9.48 billion by 2022 with growth rate of 10.77% CAGR
• By product type, copper wire is dominating the market and has generated USD 7.5 billion in 2016 and is expected to grow up to USD 13.6 billion by 2022 with the growth rate of 10.24% CAGR
• By industry, IT & Telecommunication is dominating the market and has generated USD 2.5 billion in 2016 and is expected to grow upto USD 4.7 billion by 2022with the growth rate of 11.07% CAGR
• By application, LAN is dominating the market and has generated USD 6.4 billion in 2016 and is expected to grow upto USD 11.02 billion by 2022 with the growth rate of 9.44% CAGR
• Geographically, North America region has been projected to hold the largest market share in global structured cabling market followed by Europe region, while Asia Pacific ranks third in the structured cabling market


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The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of the Europe
• Asia – Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World

About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

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Email:Sales@kennethresearch.com
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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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