Metal-clad Cable Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 7.6 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The global metal-clad cable market was valued at approximately USD 11.3 billion in 2022 and is projected to reach around USD 17.6 billion by 2027, reflecting a robust compound annual growth rate (CAGR) of 9.1% during the forecast period. This growth is driven by increasing infrastructural development, rising demand for high-speed communication networks, and enhanced safety requirements across various sectors. Additionally, the growing adoption of metal-clad cables in industrial applications, including power generation and transmission, and the expansion of renewable energy projects are expected to significantly contribute to market expansion.
Opportunities within the metal-clad cable market are broad, with emerging trends such as advancements in cable technology and the integration of smart grids creating new avenues for growth. The expansion into emerging markets, particularly in Asia-Pacific and Latin America, presents significant potential due to rapid urbanization, industrialization, and investments in electrical infrastructure. Moreover, the increasing focus on improving energy efficiency and safety standards in both residential and commercial buildings further supports market prospects. As these regions continue to develop and modernize, the demand for metal-clad cables is anticipated to rise, providing lucrative opportunities for market players.
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Prysmian
HTGD
Furukawa
Corning
YOFC
Futong
Fujikura
Sumitomo
Tongding
CommScope
Sterlite
FiberHome
Jiangsu Etern
ZTT
Belden
Fasten
Nexans
Kaile
LS Cable＆System
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 Global Metal-clad Cable Market
Electric Power System
Communication
Others
Based on Types the Market is categorized into Below types that held the largest Metal-clad Cable market share In 2023.
Steel Tape Armoured Cable
Steel Wire Armoured Cable
Thick Steel Wire Armoring Cable
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal-clad 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. Global Metal-clad Cable Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal-clad Cable Market, By Type
6. Global Metal-clad Cable Market, By Application
7. Global Metal-clad Cable Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal-clad Cable Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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