Allied Market Research released a report that the North American cable market will reach
$2.39 billion by 2025, with a compound annual growth rate of 12.3%.
According to the report, the surge in demand for high-speed connections and advances in cable technology have
boosted market growth. However, the negative impact of Internet of Things technology in the region has also
hindered the growth of the market to some extent. On the other hand, the development of data center and the
emergence of 5G technology revolution have created more opportunities for market growth.
The surge in demand for high-speed connections and advances in cable technology have boosted market growth.
However, it has a negative impact on some aspects of the Internet of Things (IoT) in the region, which has
hindered growth to some extent. On the other hand, the development of data centers and the emergence of the 5G
revolution have created profitable opportunities for market growth.
Copper cable accounts for more than half of the North American cable market in 2018 and will remain dominant
throughout the forecast period, mainly due to increased utility in distribution, telecommunications and other
applications. However, due to the surge in the use of telecommunications and computer networks, the growth rate
of fiber optic cables is the highest, and the compound growth rate is expected to be 15.7% in the forecast
period.
From the product type, Category CAT 6 cable occupies the largest share of market revenue, reaching more than 25%.
However, in the forecast period, with the demand for high-speed connections, Category CAT 7 cables will grow at
the fastest compound annual growth rate of 26.8% in the forecast period.
In terms of application, the growth rate of the network sector is the highest, with a compound annual growth rate
of 12.7% in the forecast period. From a country perspective, the United States will dominate the North American
market, with a market share of more than 75% in 2018. This is because the accessibility of various data centers
is easy. However, due to the increased investment in the cable industry, Canada is expected to grow at a compound
annual growth rate of 14.9% from 2018 to 2025.
From the perspective of market suppliers, Corning Cable, Compaq Cable, General Cable, CP Technologies, Schneider
Electric, Rogerland North America Company, Panda Group, Quabbin Cable will become the leading cable suppliers in
North America.
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