Dear members of the press
[Report Ocean Press Release] We have conducted a survey to understand the state of the cable market in 2022.
The Asia-Pacific region, especially China, plays an important role in the global cable industry. The country’s major organizations and government agencies are investing resources intensively in this technology.
Survey period: September 1st to November 30th, 2022
Research agency :
Survey contractor: Report Ocean Co., Ltd.
Survey target: The survey was conducted with 890 leaders from organizations of all sizes around the world.
Number of valid responses: (890 people)
Survey method: Telephone survey of 300 people, Internet survey of 590 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Q: How is the cable market segmented by type of installation? By installation type, the market is divided into overhead,
underground, and submarine. The overhead segment is expected to dominate the market in terms of revenue in 2021 and follow the same trend.
Question: Which voltage type has the highest consumption in the cable market? Depending on the type of voltage, it is classified into high voltage, medium voltage and low voltage. The low segment will be the largest revenue contributor in 2021 and is expected to capture a large market share during the forecast period.
Q: Which end user has the highest share of the cable market? By end use, the market is segmented into industrial, aerospace & defense, oil & gas, energy & power, information technology & communications, and others. The information technology and
telecommunications segment dominated the market in terms of revenue in 2021 and is expected to continue to do so during the forecast period. [Image 4
Q: What are the key factors driving the cable market?
Factors significantly influencing the global cable market include increasing investment in power transmission and distribution, boosting the demand for cables. Moreover, the market is affected by increasing investment in the industrial sector and increasing urbanization. However, complex fault detection and error elimination processes hinder the market growth to some extent. Moreover, favorable renewable energy policies offered by the governments of major countries are boosting the growth of the market. Each of these factors is expected to have a distinct impact on the global cable market share.
Rising government initiatives to improve connectivity and surge in demand for high-bandwidth networks by various industries are driving the growth of the cable market. Moreover, the surge in trend of renewable energy generation across the globe will boost the growth of the global cable market forecast. Moreover, increasing deployment of new power grid infrastructure will boost the demand growth for cable market share.
The main purpose of cables is to transmit electrical signals and electromagnetic waves from one endpoint to another. Additionally, cables and cable assemblies play an important role in the integration mechanisms of various systems and subsystems.
The surge in power demand worldwide is creating a lucrative cable market opportunity. According to the current cable market trend, the most widely used cables are Ethernet cables and optical cables. Demand for these cables is expected to grow steadily during the forecast period, providing lucrative cable market opportunities.
The cable market presents high growth potential in the commercial and industrial sectors. In the current business scenario, rapid population growth and rising energy demand are driving up energy demand, especially in developing regions such as China and India. Companies in this industry are adopting various innovative techniques such as mergers and acquisitions to strengthen their business positions within the competitive matrix.
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Dear members of the press