Infrastructure development seen boosting cable & wire, connectors markets

March 31, 2008 -- Research and Markets has released a report entitled, "Cables & Wires and Connectors Market: Infrastructure Development Fuelling Demand."

March 31, 2008 -- Research and Markets has released a report entitled, "Cables & Wires and Connectors Market: Infrastructure Development Fuelling Demand."

The report begins with a discussion of the cable wires and connectors markets and presents key market trends, growth drivers and major challenges faced by the industry. The report also offers profiles of the leading market players along with their respective financial highlights. Companies mentioned include Draka, General Cable, CommScope, Belden Inc., Molex Inc., Nexans, Furukawa Electric Co. and LS Cable.

Analysts at the firm believe that factors such as the rising electronics market, improved speed and other features in existing products, and shorter product life cycles will prove helpful for future market growth. The ongoing practice of upgrading power grids in developed countries along with new installations in emerging markets is also seen to be a major growth driver. Another supporting factor cited is the capacity constraint faced by major players like Prysmian and General Cable Corp., which is eventually leading to increased margins, according to the firm.

The firm reports that the global cables and wires industry was estimated to be worth $140 billion in 2006. The energy cable segment is seen dominating the industry, with the highest share of 62%, followed by communication cables. The global connectors industry was estimated at approximately $40 billion in 2006. The report broadly classifies the wide variety of connectors available in the market on the basis of their level of interconnect.

The firm says the most active manufacturers in the global industry for cable wires and connectors include Draka, General Cable, CommScope, Belden Inc.
Meanwhile, the global optical fibers market is described as "fairly consolidated" in nature, with Draka Comteq cited as the world's largest company with the highest market share of about 25%.

For more information about the report, click here.

More in Connectivity