South Korea OPGW Cable Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.26 Billion by 2030, growing at a CAGR of 6.80% from 2024 to 2030.
The South Korea OPGW (Optical Ground Wire) cable market plays a critical role in the country’s growing telecommunications and energy sectors. OPGW cables are primarily used in power transmission lines, combining electrical grounding and fiber-optic capabilities. These cables are crucial for telecommunication networks, offering reliable data transfer, protection from lightning strikes, and the efficient management of energy grids. With the surge in smart grids and the expansion of 5G networks, the OPGW cable market in South Korea is seeing significant demand from various industries, ranging from energy utilities to telecommunications firms.
One of the main requirements driving the South Korean OPGW cable market is the rapid expansion of the nation’s energy infrastructure. With an increasing number of renewable energy sources, OPGW cables are used for remote monitoring and controlling power systems. These cables also ensure that grid infrastructure remains secure while allowing for uninterrupted communication through the fiber-optic lines integrated within the cables. South Korea’s utility companies are focused on increasing the reliability of their energy transmission systems while meeting global standards, prompting a need for advanced OPGW cables that can meet the demand for high-performance data transmission while ensuring safety.
Furthermore, South Korea’s investment in 5G technology is another factor influencing the OPGW cable market. As 5G infrastructure demands more fiber-optic connectivity for seamless data exchange, the OPGW cables, which provide both electrical grounding and high-speed data transmission, are becoming indispensable. These cables are highly sought after for telecommunications projects, where high bandwidth and signal stability are crucial.
Industries are now prioritizing OPGW cables with enhanced mechanical properties, superior resistance to environmental factors, and the ability to carry more fiber-optic strands. The demand for cables that are resistant to extreme weather conditions and offer durability in harsh environments is also growing. With the increased focus on smart cities and IoT, the need for these advanced cables is expected to escalate even further, solidifying their importance in South Korea’s infrastructure development.
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Prysmian Group
Fujikura Group
Furukawa Electric
Sumitomo Electric
Sterlite Technologies
ZTT International
Tratos
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea OPGW Cable Market
Telecommunication
Electric Power Distribution
Railways
Oil & Gas
Other Industrial Applications
Single Core OPGW Cable
Multi-Core OPGW Cable
Aluminum
Stainless Steel
Steel Wire
Fiber Optic
Telecommunication Operators
Electric Utilities
Railway Operators
Oil & Gas Operators
Other Commercial & Industrial Users
Up to 12 Fibers
12-24 Fibers
25-48 Fibers
48+ Fibers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea OPGW Cable Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea OPGW Cable Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea OPGW Cable Market, By Type
6. South Korea OPGW Cable Market, By Application
7. South Korea OPGW Cable Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea OPGW Cable Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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