Global Structured Cabling Market 2019-2023
About this market
Integrated building management system to drive market growth. An integrated building management system (BMS) is a type of master control system that combines every mechanical, electrical, security, and communication systems within a facility into a single unified system. This enables them to exchange information with each other and work together seamlessly. Such a system makes the entire operation more efficient. Such an interoperability offers greater efficiency, lowered operating costs, and a more secure and responsive building environment. Technavio’s analysts have predicted that the structured cabling market will register a CAGR of almost 8% by 2023.
Increasing investments in construction of data
Data centers have become an important part of every organization. The growth in the amount of data being generated has compelled several companies to build data centers of their own or lease their data center spaces. The increasing interest in cloud computing will further drive the need for data centers. The following lists several examples of firms investing in the construction of new data centers. This is likely to increase the demand for structuring cable during the forecast period.
Volatile raw materials price
Aluminum and copper are the primary raw materials that constitute a structured cabling system. This cable has an inner aluminum conductor coated with copper and is much lighter than solid copper cables. All vendors invest heavily in acquiring these raw materials. These materials are ideally suitable for application in extreme conditions in industries because of their high melting point and ruggedness. Several other factors such as inflation, availability, and production influence the prices of these materials.
For the detailed list of factors that will drive and challenge the growth of the structured cabling market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Schneider Electric and Siemon the competitive environment is quite intense. Factors such as the increasing investments in construction of data and the integrated building management system, will provide considerable growth opportunities to structured cabling manufactures. Belden, FURUKAWA ELECTRIC, NEXANS, Prysmian Group, Schneider Electric, and Siemon are some of the major companies covered in this report.
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