2019/04/20 08:29:20 Source: Cable Network Share to:

[Cable Network News] Global Market Research Reporter Market Study Report released a report that the global distribution cable market annual growth rate is about 7.5% in 2019-2024.

According to the report, by 2024, the global distribution cable market demand will increase from $90.7 billion in 2019 to $130 billion.

In the past few years, the global distribution cable market has developed rapidly, with an average annual growth rate of 9.85%. Taking 2017 as an example, global distribution cable revenue (disclosed) is close to $74.7 billion. Distribution cables are widely used on land, underground and underwater. In 2017, land is still the largest application market with a market share of approximately 42.36%.

From a regional perspective, the Asia-Pacific region will be the largest regional market during the forecast period. Driven by power infrastructure and population growth in China, India and Southeast Asia, the distribution cable market in the region will maintain steady growth. Coupled with the further expansion of renewable energy, the “last mile” solution will continue to drive demand for distribution cables.

From the supplier's point of view, Prysmian, Nexans, Sumitomo Electric, Furukawa Cable, South Line Cable, LS Cable, Fujikura Cable, and Lenny Cable will become the world's leading manufacturers of distribution cables, but they will also face Intense competition among major regional suppliers, including China's Far East Cable, Hengtong Cable, Baosheng Cable, Finolex, KEI Industries of India, and Dubai Cable in the Middle East.

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