Many cable-manufacturing companies are increasing fire resistant cables production capacities to keep pace with the growing demand for these products from the construction industry. Fire resistant cables are designed to limit the propagation of flames. They have a sheet to limit the smoke and toxic gases released during fire accidents. These cables are designed for wiring in large residential, commercial buildings and manufacturing units. Major companies offering fire resistant cables include Prysmian Group, Nexans, TPC Wire and Cable, Cavicel and Cleveland cable.
THE BUSINESS RESEARCH COMPANY EXPECTS THE COMMUNICATION AND ENERGY WIRE AND CABLE GLOBAL MARKET TO GROW TO $401 BILLION BY 2021
Asia Pacific was the largest region in the communication and energy wire and cable market in 2017, accounting for two third of the market share. This is primarily due to high demand for communication wire from construction companies and commercial establishments based in China and India.
According to The Business Research Company’s Consultant, Nitin Gianchandani, polymer optic fiber is widely being used in automotive, aircraft manufacturing, electronics and other industries apart from the telecommunications industry. Polymer optic fiber which is similar to glass optic fiber is made of polymer and transmits light through the core of fiber. It comprises polymethyl methacrylate(PMMA) which facilitates light transmission along with fluorinated polymers which are the cladding material. Polymer optic fibers are light weight and comparatively less expensive and support bit rates of up to 10Gbpsxcv.Polymer optic fiber applications include Internet Of Things, home networking, sensors for structural health monitoring. Major companies offering polymer optic fiber include the following Mitsubishi Rayon, Asahi Kasei, Asahi Glass and Fujifilm.
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Sumitomo Electric Industries Ltd was the largest player in the global communication and energy wire and cable market in 2017, with revenues of $23.4 billion in 2016. Sumitomo Electric’s growth strategy aims at providing high-value-added offerings to create differentiated businesses.
Wiring device manufactures procure raw materials such as metal sheets and plating material, plastics and other chemicals from metal manufacturing and plastic manufacturing companies or distributors and assembles these products through automated processes. Manufacturers of wiring devices ship the finished product to wholesalers who have distribution centers close to the customers. The wholesalers store the product in distribution centers from where they are sold to the customers through retail outlets. Major customers of communication and energy wire and cable market include power utilities, telecom services providers, electrical solutions providers, automobile companies and individual customers. The profitability of companies in the wiring devices market depends on the manufacturing efficiency.
Global Communication And Energy Wire And Cable Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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