San Jose, California (PRWEB) June 10, 2014
Demand for insulated wires and cables is strongly influenced by economic growth. GDP growth, and health of major end-use industries such as, construction, automotive, electronics, energy generation, and telecom, therefore play key roles in influencing market prospects. Resurgence of the construction industry from the recessionary slump is benefitting demand for insulated wires and cables. Major factors driving growth in developed economies include residential repair, remodelling and repair activity, introduction of stricter building codes, and increasing need for improved energy efficiency, while in developing countries, increased investments in infrastructure in China, India, Brazil, and Russia is spearheading market growth. Stringent government regulation calling for mandatory renovations of ageing buildings and electrical works, both residential and commercial, represents another major factor driving demand. Positive outlook for the automotive industry also bodes well for automotive wires and cables.
As stated by the new market research report on Insulated Wire and Cable, Asia-Pacific represents the largest and the fastest growing market with a CAGR of 7.9% over the analysis period. Growth in the region is led by robust construction activity, significant infrastructure improvement in power and telecom industries, and strong automobile production. Telecommunication data wire & cable represents the largest and the fastest growing market worldwide. Insulated cable deployment in the telecom sector is gaining strength with telecom operators making active efforts to expand capacity in line with escalating demand for Internet video and data traffic amidst increasing use of mobile devices, such as smartphones and tablets.
The shift towards broadband networks and the on-going transition to 4G networks is having a significant impact on demand for fiber optic cables. Fiber optic networks are also being deployed at newer and remote locations, and for addressing newer applications, such as those required for high-frequency trading. Growing demand for energy, especially in emerging countries such as India and China, is compelling governments to step up production levels. Most nations are looking beyond traditional power sources, and are focusing on alternative energy. Investments in power infrastructure development is therefore expected to create enormous opportunity for growth of insulated wires and cables, as all the integrated components in power grids require insulation for eliminating transmission losses, short circuits, and other electrical related ambiguities.
Global commitment to effect a reduction in greenhouse gas emission and focus on conformance to Kyoto protocol agreement is also expected to force countries to legislate norms to ensure effective building insulation, since insulation is considered as the most viable as well as the cost-effective way to reduce energy consumption and fight climate change. Proper insulation can bring down heat flow, reducing cooling needs by more than 70%.
Key players covered in the report include ABL Electronic Supplies Inc., AFC Cable Systems Inc., Amphenol Corp., Asia-Pacific Wire & Cable Corporation Limited, Belden Inc., Brand-Rex Ltd., Cable USA Inc., Carlisle Interconnect Technologies, Cerro Wire LLC, Coleman Cable Inc., CommScope Inc., Corning Incorporated, Delphi Corporation, Ducommun LaBarge Technologies, Electrical Components International, Encore Wire Corporation, Finolex Cables Ltd., Fujikura Ltd., AFL, Furukawa Electric Company Limited, General Cable Corporation, Hitachi Cable Ltd., LS Cable & System Limited, Superior Essex Incorporated, MOLEX Inc., NEXANS SA, Olex Cables Limited , NKT Cables Group GmbH, Permanoid Ltd., Prysmian Group S.p.A. , Rea Magnet Wire Company Inc., Southwire Company, Sumitomo Electric Industries Ltd., TE Connectivity, Tele-Fonika Kable Handel S.A., The Okonite Company, among others.
The research report titled “Insulated Wire and Cable: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, mergers and acquisitions and other strategic corporate initiatives of major and niche global and regional players. The report provides market estimates and projections in US$ Million for all major geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia Pacific), and Latin America (Brazil and Rest of Latin America). Key product segments analyzed at the global level include Building Wire & Cable; Electronic Wire & Cable; Power Wire & Cable; Telecommunications, Data Wire & Cable; and Others.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Insulated_Wire_And_Cable_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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