10-Nov-2020 | Zion Market Research
The structured cabling market was valued at USD 10.2 billion in 2019 and is predicted to reach more than USD 20 billion by 2025 at a CAGR of 11.2%. Trend of data center convergence, requirement for high-speed connectivity systems & devices, and huge extension in communication infrastructure is predicted to power the growth of the global structured cabling market. In addition to this, underlying growth avenues in this sector comprise the growth of thermoelectric modules for new use cases and the idea of creating electricity from body heat.
Major players active in the global market are Nexans S.A., CommScope, Inc., Legrand, Corning Inc., Panduit Corp., Schneider Electric, Belden, Inc., Furukawa Electric Co., Ltd., Siemon, ABB Ltd., and Hubbell, Inc.
Products To Have The Biggest Share Of The Global Structured Cabling Market
Structured cabling goods are a fraction of a communication system of the physical infrastructure. They assist businesses to proficiently plan their business processes and elevate the communication network. In the residential industry, the structured cabling goods allow the smooth transmission of data & voice to link the end-users with the outer globe. The products segment makes an essential part of the global market. They comprise devices such as communication outlets, cables, cable assemblies & patch cords, cross connect & patch panels, and cabinets & racks.
Asia Pacific To Witness Max Development During The Forecast Period For Global Structured Cabling Market
The Asia Pacific region is predicted to develop at the max CAGR from 2019 to 2025, amongst the other areas. The increasing regional economies, extending network of data hubs, and noteworthy increase in the amount internet consumers are some of the primary catalysts for the structured cabling market growth in this area. The development of infrastructure for communication network in the commercial and residential verticals is another reason powering the structured cabling market growth in the Asia Pacific area. To meet the increasing requirement for structured cabling goods, the major players are establishing their production plants in the region.
Browse the full “Structured Cabling Market by Component (Products and Services), End Use Industry (IT & Telecom, BFSI, Government, Healthcare, Energy, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/structured-cabling-market
The global structured cabling market is segmented as follows:
By Solution Type:
By Vertical:
By Region
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