The major players in the communication and power wires and cables market are Sumitomo Electric Industries Ltd, Prysmian Group, Furukawa Electric, Leoni AG and Southwire Company LLC. The global market for communication and energy wires and cables is expected to rise from $146.
New York, Sept. 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Communication And Energy Wire And Cable Global Market Report 2022” – https://www.reportlinker.com/p06320381/?utm_source=GNW
$89 billion in 2021 to $162.23 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The communication and energy wire and cable market is expected to reach $201.19 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%.
The communication and power wire and cable market includes sales of communication and power wire and cable by entities (organizations, sole proprietorships and partnerships) that produce insulating fiber optic cables, and and non-ferrous cables insulated from non-ferrous wires drawn in other establishments.
The main types of communication and power wires and cables are other cables and fiber optic cables.
Deployments are underground, submarine, aerial and other deployments.
Asia-Pacific was the largest region in the communication and power wire and cable market. Regions covered in this Communication and Power Wires and Cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America , the Middle East and Africa.
The growth of the communication and power wires and cables market is driven by increasing infrastructure and rapid population growth. Population refers to the total number of people or inhabitants in a country or region.
A wire is used to carry electricity, to support mechanical loads, to transmit telecommunication signals, to heat jewellery, clothing, automobiles or any industrially manufactured parts such as pins, light bulbs and needles. For example, in June 2022, according to Worldometer, a US-based benchmarking site that provides real-time counters and statistics on various topics, China’s current population is 1,450,341,718.
Hence, the rapid growth in population is driving the growth of the communication and power wires and cables market.
Polymer optical fiber is widely used in automotive, aircraft manufacturing, electronics, and other industries outside of the telecommunications industry. Polymer optical fiber, similar to glass optical fiber, is made with a polymer and transmits light through the fiber core.
It includes polymethyl methacrylate (PMMA) which aids in light transmission as well as fluorinated polymers which are the coating material. Polymer optical fibers are lightweight and comparatively cheaper and support bit rates of up to 10 Gbps.
Polymer fiber optic applications include the Internet of Things, home networking, and sensors for structural health monitoring. Major companies offering polymer optical fibers include Mitsubishi Rayon, Asahi Kasei, Asahi Glass, and Fujifilm.
Countries covered in the communication and power wires and cables market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic , Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia. , Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
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