Global Industrial Communication Cables Market 2018-2022
About Industrial Communication Cables
Industrial communication cables are the medium of data exchange between connected devices within an industry.
Technavio’s analysts forecast the Global Industrial Communication Cables Market to grow at a CAGR of greater than 12% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Industrial Communication Cables Market. To calculate the market size, the report considers the demand for industrial ethernet cables and fieldbus cables.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Communication Cables Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Industrial Communication Cables Market: Advantech, Anixter, General Cable Technologies, Hitachi, and Nexans.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the evolution of highly flexible industrial communication cables in the wake of wireless communication.”
According to the report, one driver influencing this market is the increasing penetration of power over ethernet.
Further, the report states that one challenge affecting this market is the fluctuating prices of raw materials.
General Cable Technologies
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