Ethernet Cable Market Projected to Garner $19,091.8 million by 2025 at CAGR of 14.1%

The global ethernet cable market possesses a high growth potential, owing to the development of the electronics system & device industry. The current business scenario is witnessing an increase in the demand for Ethernet cables, particularly in the developing regions, such as China, India, and others, which propels the growth of the market. Moreover, companies in this industry are adopting various innovative techniques to provide consumers high-speed internet with lower latency.

global ethernet cable market was valued at $6,566.1 million in 2017, and is projected to reach $19,091.8 million by 2025, growing at a CAGR of 14.1% from 2018 to 2025.

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Benefits of Ethernet cable such as high speed, lower latency, and guaranteed bandwidth to every connected device along with reliability and higher security for data as compared with other networking technologies significantly contribute towards the growth of the global Ethernet cable market. However, high installation cost and limited availability impede the market growth. On the other hand, technological advancements in the Ethernet cables sector to increase the internet speed and surge in need for power over Ethernet (PoE) technology in industries are expected to provide lucrative opportunities for the market expansion.

Among the analyzed geographical regions, Asia-Pacific accounted for the highest revenue in the global market in 2017, followed by Europe, North America, and LAMEA.

Key Findings of the Ethernet Cable Market:
• On the basis of type, the copper cable led the Ethernet cable market in 2017.
• The industries segment dominated the global Ethernet cable market in 2017.
• The Asia-Pacific region held the majority of market share in 2017.
• North America is anticipated to exhibit the highest CAGR during the forecast period.

The major companies profiled in the Ethernet cable market report include Belden Inc., Southwire Company LLC, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric, Anixter Inc., Siemens AG, Hitachi, Ltd., Prysmian Group, and others.

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