Global Single Core Cable Market 2017-2021

Overview of the global single core cables market

Market research analysts at Technavio predict that the global single core cables market will grow steadily at a CAGR of close to 4% by 2021. This market research analysis identifies the increase in power generation from renewable energy as one of the primary growth factors for this market. Most of the photovoltaic power systems are characterized by high temperature, high UV radiation, and outdoor use. This increases the preference towards single core cables. With the rise in investments towards solar power generation, the preference towards single core cables will increase in the coming years, subsequently fueling market growth.

The growing concern over the availability of fossil fuel resources and the rising awareness towards the emissions of harmful gases, is inducing countries around the world to focus on the generation of electricity from nuclear energy. With the constantly rising electricity consumption, the emerging economies in APAC have already started making huge investments in the nuclear energy sector to meet the growing demand for electricity. This market research analysis estimates that this growth in nuclear power generation will be one of the major trends that will gain traction in the single core cables market during the next few years.

Competitive landscape and key vendors

The single core cables market is characterized by the presence of well diversified, international, regional, and local vendors. Several regional vendors provide highly customized single core cables at a price lower than the global players. The competitive environment in this market will intensify during the forecast period and this will mainly attribute to the increase in product extensions, technological innovations, and M&As.

The leading vendors in the market are -

• Belden
• Lapp Group
• LEONI Group
• RS Components

The other prominent vendors in the market are Aerolex Cables, Aberdare Cables, Bambach Wires & Cables, Elsewedy Electric, FirstFlex, General Cable, Jointing Technologies, and Prysmian Group.

Segmentation by product and analysis of the single core cables market

• Control cables
• Power cables

During 2016, the control cables segment accounted for the major shares of this market. Single core cables are majorly used for signaling applications in automation. With the need to meet the quality standards, globalization, and the increasing population, companies are increasingly resorting to automation. This will be a major factor fueling the market segment’s growth during the next few years.

Geographical segmentation and analysis of the single core cables market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The increase in renewable power generation in this region results in a significant increase in the demand for single core cables in power plants. China is witnessing a massive increase in wind capacity installations and it has been observed that the country is adding wind capacity at the rate of two wind turbines every hour.

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 single core cables market?
• What are the key market trends impacting the growth of the global single core cables market?
• What are the challenges to market growth?
• Who are the key vendors in the global single core cables market?
• What are the market opportunities and threats faced by the vendors in the global single core cables market?
• What are the 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 single core cables market?

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

This upcoming industry research report on the global single core cable market presents insights into the key trends and emerging drivers influencing the growth of the heavy industry sector. This market research report also offers insights into niche segments like engineering tools and helps the clients to build effective growth strategies by offering information on the market size, forecast, trends and industry analysis.

Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the engineering tools sector, the upcoming market research report on the single core cable market offers insights into the key market drivers, segments, and notable challenges that will influence the growth of the key suppliers in this market space. This upcoming market research report on the global single core cable market also covers vendors like Finolex, Havells, Prysmian Group, and General Cables.

This upcoming market research report on the global single core cable market also considers the growth of related markets such as marine power systems, which is expected to grow at a CAGR of above 4% by 2021. According to our analysts, the increasing need for electricity and upgrading and expansion of existing electricity transmission and distribution (T&D) systems across the globe may influence the demand for single core cables globally. Moreover, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global single core cable market also covers geographies like the Americas, APAC, and EMEA. Technavio also offers clients the choice to tailor every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

The upcoming industry report on the global single core cable market also offers insights into fast-growing segments within the heavy industry, including sectors like tools and components and unit operations. Additionally, the report also presents insights into the changing competitive landscape and gives clients a realistic picture of the future direction of the industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.