Industrial Communication Cables Market Growth Rate, Trends and Future Opportunities
The global industrial
communication cables market is expected
to display higher growth rate over the next five years. Rapid surge in market
is credited to the increasing demand for seamless data communication and
growing adoption of automation technologies. Development of high performance
industrial communication cables is considered as a key aspect of modern
production facilities, manufacturing processes and the industrial
infrastructure. Globally, market is predicted to generate massive revenue over
next five years, providing numerous opportunities for industry participants to
invest in research and development of industrial communication cable market.
The industrial communication cables is
capable of delivering high-speed data transmission. Industrial communication
cables offer numerous over traditional wired infrastructure such as ordinary
communication cables. Application of industrial communication cables include
signal transmission, communications, instrumentation & control, single
ended transmitters and multi-point network access. Industrial communication
cables are used along with various transmission devices, converters &
repeaters.
Industrial communication cables consists of
in-built modem, which enables internet access on multiple connected devices.
The voltage is supplied to the communication cables to transmit broadband
signals is dropped at medium range with help of head end device in order to
improve internet connectivity. As the voltage is dropped at medium range, the
signal starts to degrade. To avoid such problem, repeaters are used to amplify
the modulated signal, so it reaches the destination in a healthy condition.
This provides higher data transfer rate and smoother transmission.
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Industrial communication cables market
is broadly categorized into two major segments based on application type such
as process industries and discrete industries. Process industries segment is
growing rapidly in the market with substantial revenue generation in the last
few years. Growing popularity of industrial communication cables in process
industries segment is attributed to implementation of advanced communication
protocols and low cost solutions.
Market is divided by region as North
America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in implementation of
latest technologies in communication sector, surge in number of research &
development activities in the region and existence of well-established
manufacturing infrastructure. In European region, Germany, France, and United
Kingdom are projected to witness steady growth due to the rising demand from
various end-use industries such as utilities, oil & gas industry and
aerospace sector.
Asia-Pacific region is estimated to
hold a major share in the industrial communication cables market with massive
growth in forecast period. Countries such as India, China and Singapore are
leading the Asia-Pacific market with strong economic growth, rapid
industrialization, increasing need for high-speed data transmission, and
significant investment by leading industry players considering potential growth
opportunities in the region. The key players in the industrial communication
cables market are Advantech Co., Ltd., Anixter International, Inc., General
Cable Technologies Corp., Hitachi Ltd., Nexans S.A., and Belden India Pvt.,
Ltd.
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