Irving, Texas (PRWEB) October 02, 2012
The global cable industry experienced a robust growth over the last five years and is expected to continue its growth momentum, reaching approximately US $117.7 billion in 2017 with a CAGR of 8% over the next five years (2012-2017). ROW is expected to drive the industry over the forecast period with rapidly increasing industrialization and growing urbanization.
Lucintel, a leading global management consulting and market research firm, has analyzed the global cable industry and presents its findings in “Global Cable Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The global cable industry is a highly fragmented market. A combination of factors such as growth in the power sector, favorable demographics, and increased discretionary spending is seen to impact market dynamics significantly. North America was the region with highest growth rate in 2011. The growth was driven by increased demand for fiber optic, signal, control, and coaxial cable, and rising demand from the OEM and renewable sectors. ROW witnessed the highest growth during the last five years due to stronger FTTX (Fiber to the Home) deployment in Brazil, Middle East, and Africa and investment in new infrastructure in emerging markets such as Middle East and Africa.
Lucintel’s market research indicates that in 2011, the industry witnessed good growth over 2010 due to high investment in the power and telecom sectors, growth in the power generation, transmission, and distribution services, and rising communication infrastructure requirements. ROW and APAC are the major markets for global cable providers. Increasing electricity demand and the aging transmission network is expected to drive the industry over the forecast period.
Increasing budget allocation, positive trend in power sector, new technological advancements, correlation with GDP, and high investments made by private companies are anticipated to boost the industry. The industry is expected to face certain challenges such as technological challenges, political challenges, supply and demand market challenges, government regulations, scarcity of skilled workforce, and tight liquidity positions.
This study provides an overview of the global cable industry. The report tracks four geographic regions for the global cable chemical industry.
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