Global Industrial Communication Cables Market 2018-2022

Overview of the global industrial communication cables market

Technavio’s market study identifies the increasing penetration of Power over Ethernet to be one of the primary growth factors for the industrial communication cables market. Power over Ethernet consists of a single 8-wire Ethernet cable that transmits data and direct current simultaneously. This device is used as a power feature of a network switch installed between the switch and the physical devices in the network. Increased adoption of Power over Ethernet among end-users results in reduced time and cost of electric power cabling system, protects the network devices from various faults, can be backed up by an uninterrupted power supply and enables scalability in work environment. The growing use of Power over Ethernet in industries and several advantages offered will drive the demand for Ethernet cables, boosting the growth of the market. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 12% by 2022.

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The development of smaller cabling technique is one of the key emerging industrial communication cables market trends contributing significantly to the industrial communication cables market growth. Miniaturization aids in improving the factory efficiency while, reducing the footprint of machines within the industries. Miniaturized devices require to be fitted with smaller networking and communication components, supported by small or thin networking cables. Owing to the changing need of the end-users and dynamic market trends in industrial automation, the industrial Ethernet connectors market is witnessing the trend of miniaturization of devices such as industrial communication cables.

Companies covered

The industrial communication cables market is moderately fragmented owing to the presence of numerous vendors. This market report studies the competitiveness of the key vendors operating in the market. This report also encompasses the product offerings and strategies adopted by cable manufacturers to attain competitive advantage. Technavio’s analysts also emphasize the key focus areas of vendors to sustain profitably in the industrial communication cables market. 

Some of the companies covered in this report are –

• Advantech
• Anixter
• General Cable Technologies
• Hitachi
• Nexans

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Segmentation by end-user and analysis of the industrial communication cables market

• Process industries
• Discrete industries

Process industries will be the major end-user of the industrial Ethernet connectors market till the end of the forecast period. Discrete industries were the early adapters of advanced technologies such as industrial communication protocols. 

Geographical segmentation and analysis of the industrial communication cables market

• Americas
• APAC
• EMEA

The Americas will gain the highest industrial communication cables market share throughout the forecast period. The end-user industries in this region are steady adopters of IIoT, that further drive the adoption of industrial communication protocols in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global industrial communication cables market?
• What are the key market trends impacting the growth of the global industrial communication cables market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial communication cables market?
• What are the market opportunities and threats faced by the vendors in the global industrial communication cables market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial communication cables market?

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