Global Ethernet Cables Market

Ethernet Cables are used to connect one network device to other network devices or to connect two or more computers to share printers, scanners, and other devices. The growing trend of cloud storage and software as a service is boosting the demand for Ethernet cables. Government support for spreading broadband infrastructure, growing preference for broadband internet connectivity, and new product launches by market players are fueling the demand for Ethernet cables in the market. For instance, in November 2020, the government of Canada launched Universal Broadband Fund by investing USD 2.75 billion through public and private investment. This program is aimed to connect 98% of Canadians to high-speed internet by 2026 and 100% connectivity by 2030. Also, in April 2018, Hitachi Cables America Inc. (HCA) launched Drybit™ Category 6 indoor/outdoor plenum-rated cables. The cable offers a design that is appropriate for both wet places and plenum spaces. Additionally, according to Statista, more than 80% of the population in Canadian provinces such as Ontario, Manitoba, Quebec, and others prefer broadband internet connection among broadband, satellite, and dial-up connections. Furthermore, the growing number of Information Technology (IT) firms around the globe and rising demand for Power over Ethernet (PoE) are expected to grow the market in near future. However, high installing costs and portability issues may impact the growth negatively during the forecast period.

Global Ethernet Cable Market is valued approximately at USD 9016.0 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 14.36% over the forecast period 2021-2027 and is estimated to reach USD 22049.3 million by 2027.

Among the Asia Pacific, North America, Europe, Latin America, and the Rest of the World, Asia Pacific is the dominating region across the world due to the growing number of industries and a large number of internet users in the region. Whereas North America is anticipated to grow at the fastest pace during the forecast period, owing to government support for spreading broadband infrastructure and the highest number of data centers in the region.

Major market players included in this report are Belden Inc., General Cable Technologies Corporation, SAB Bröckskes GmbH & Co. KG, Schneider Electric, Anixter Inc., Siemens AG, Prysmian Group, Hitachi Ltd., Southwire Company LLC, and Nexans

The detailed segments and sub-segment of the market are explained below:

By Type: Copper Cable, Fiber-optic Cable
By Application: Industrial, Broadcast, Enterprise, IT & Network Security, Others

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