Global Residential Cable Market 2017-2021

Overview of the global residential cable market

Technavio's market study has identified the rise in rural electrification to be one of the primary growth factors for the residential cable market. Rural electrification aims at providing accessibility to power and electricity to the remote or rural areas. To improve and strengthen the electricity services and conditions, the emerging economies are focusing on implementing various initiatives. For instance, the Rural Electrification Corporation (REC) has announced the electrification of almost 14,000 villages in India. Similarly, a program supported by the World Bank has already increased electrical power access to more than 105,000 low-income rural households in the country. With the growth in rural electrification across the globe, the demand for residential cables will subsequently increase in the coming years. Our market research analysts have estimated that this market will grow steadily at a CAGR of more than 5% by 2021.

The rise in number of high-rise residential buildings will be one of the key trends that will gain traction in the residential cable market during the next few years. In addition to the rapid urbanization and rising economic activities, the rising population and the limited availability of land is triggering the increasing preference towards vertical construction. High-rise buildings can effectively accommodate a large population and cater to the residential and retail space. With the increasing number of high rise buildings, the demand for internet and Telecom services will subsequently increase. This will in turn, drive the need for residential wiring, fueling market growth.

Competitive landscape and key vendors

The residential cable market has the presence of several key international, regional, and local vendors and appears to be moderately fragmented. Electricity providers are focusing extensively on product extensions and technological innovations and this results in intensifying the level of competition among the players. To attain a competitive advantage in the residential wiring market, vendors have the need to focusing on enhancing their product quality and should also provide after sales service to improve their relationship with the customers.

The leading vendors in the market are

• Belden
• General Cable Technologies
• Nexans
• NKT group
• Polycab
• Prysmian Group

The other prominent vendors in the market are Amphenol, Anchor Electricals, Finolex Cables, Habia Cable, Havells India, Hengxin Technology, KEI Industries, Kingsignal Technology, Legrand, LS Cable & System, Trigiant Group, V-GUARD INDUSTRIES, W. L. Gore & Associates, and Zhuhai Hansen Technology.

Segmentation by application and analysis of the residential cable market

• Power cables
• Datacom

The growing emphasis on rural electrification and the extension of electricity grids is influencing the growth of the power cables segment. Innovations in technology and the widespread expansion of electricity grids is triggering the widespread use of residential power cables in the developed and rural areas.

Geographical segmentation and analysis of the residential cable market

• Americas
• APAC
• EMEA

APAC is witnessing an increase in urbanization and a rise in high-rise residential constructions. The growth in residential construction will subsequently influence the need for residential cables in this region. According to our research and analysis, this region will be the major contributor to the residential cable market throughout the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global residential cable market?
• What are the key market trends impacting the growth of the global residential cable market?
• What are the challenges to market growth?
• Who are the key vendors in the global residential cable market?
• What are the market opportunities and threats faced by the vendors in the global residential cable 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 residential cable market?

Technavio also offers customization on reports based on specific client requirement.

This industry research report on the global residential cable market by Technavio is an integral part of the heavy industry portfolio and offers insights into the major trends and evolving drivers inducing the growth of the engineering tools industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.

In terms of research approach, our industry analysts emphasize primarily on top-down and bottom-up approaches to vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop and implement suitable growth strategies and gain competitive advantage. The market research experts at Technavio also include factors like market forecast, market size, and increasing demand for various engineering tools products and services and offers an all-inclusive picture of the global residential cable market for the estimated period of 2017-2021.

As per our market research experts, the sudden growth in rural electrification may influence the demand for residential cable in the coming years. This upcoming market research report on the global residential cable market also covers vendors like NKT, Belden, V-Guard, Polycab, General Cable, Nexans, and Prysmian Group. Additionally, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global residential cable market also covers regions like the Americas, APAC, and EMEA.

The forthcoming market research analysis of the global residential cable market also presents insights into the exponentially growing segments within the heavy industry, including sectors like tools and components and unit operations. Furthermore, this report also presents insights into the varying competitive landscape to give clients a complete overview of the future direction of the industry.

Our market research methodology for the residential cable market

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