About Single Core Cable
Single core cables are the ones that are used to convey energy electrical signals for monitoring and controlling electrical power systems. The functions of measurement and control systems are dependent on electronic circuitry. These cables possess electrical, thermal, and physical properties. These cables are designed to face harsh conditions such as flames and surface abrasion. These cables are also used for data transfer in personal computers.
Technavio’s analysts forecast the global single core cable market to grow at a CAGR of 3.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global single core cable market for 2017-2021. To calculate the market size, the report considers the demand for single core cables from various end-user industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Single Core Cable Market 2017-2021
Technavio recognizes the following companies as the key players in the global single core cable market: Belden, Lapp Group, LEONI Group, and RS Components.
Other Prominent Vendors in the market are: Aerolex Cables, Aberdare Cables, Bambach Wires & Cables, Elsewedy Electric, FirstFlex, General Cable, Jointing Technologies, and Prysmian Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased demand from GCC Countries. Recently, GCC countries such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE have seen decent overall economic growth. Sectors such as manufacturing, entertainment, tourism, and education have gained momentum and are adding to the growth of the economy.”
According to the report, one driver in the market is increasing construction of data centers. Data centers are highly networked computer servers that store large amount of data. Single core cables are used in these setups. The number of data centers has seen a substantial increase in the last few years and is expected to rise in the future. Increased dependency on Internet and social media clubbed with advances in technology has led to the growth in a number of data centers.
Further, the report states that one challenge in the market is volatility in oil prices. Single core cables are used in oil refineries to carry electronic signals from machine to machine for different processes during drilling and exploration activities. Crude oil prices have been falling since mid-2014, which is having an impact on the entire oil industry. Falling crude oil prices have become a major challenge for oil equipment companies. Companies are shutting down their wells and rigs as the revenue generated is less than the expenditure.
Belden, Lapp Group, LEONI Group, and RS Components.Aerolex Cables, Aberdare Cables, Bambach Wires & Cables, Elsewedy Electric, FirstFlex, General Cable, Jointing Technologies, and Prysmian Group.
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