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Cable Market to Record a CAGR of 7.10% by 2025 | Implementation of Smart Grid Technology to Boost Growth | TechnavioNEW YORK, Nov. 8, 2021 /PRNewswire/ -- The cable market is set to grow by USD 88.49 bn between 2020 and 2025 and register a CAGR of 7.10%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Read Free Sample Report to explore growth opportunities in the cable market The cable market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. The report also covers the following areas: Cable Market 2021-2025: Segmentation
To learn about the contribution of each segment of the market, Download a Free Sample Cable Market 2021-2025: Vendor Analysis and Scope To help businesses improve their market position, the cable market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Southwire Co. LLC, and Sumitomo Corp. The increase in renewable energy generation, government initiatives to expand or upgrade transmission and distribution systems, and implementation of smart grid technology will offer immense growth opportunities. However, factors such as complex planning and authorization procedures leading to delays may threaten the growth of the market. Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually! Regional Analysis Technavio's market research report offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities. Based on geography, the cable market has been segmented into five regions, namely APAC, Europe, North America, South America, and MEA. According to our research, APAC is expected to account for 57% of the growth of the market during the forecast period. China, Japan, and India are the key countries for the cable market in APAC. The region is expected to offer several growth opportunities to market vendors during the forecast period owing to its significant growth rate. Factors such as government initiatives to expand or upgrade transmission and distribution systems will facilitate the growth of the cable market growth in APAC during the forecast period. Cable Market 2021-2025: Key Highlights
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Table of Contents: Executive Summary Market Landscape
For more valuable insights on the market, Read Our Report Snapshot About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research
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