Structured cabling seems to be a promising business given the proliferation of internet and associated devices and services. Technology research agencies find positive signs for this particular market segment in the coming years.
It’s worth mentioning that most cabling vendors are now offering, or focusing to provide eco-friendly solutions that will lessen pollution and hence climate change.
Some of the major market players operating in the structured cabling market are: Legrand SA Belden, CommScope, Schneider Electric SE, Corning, ABB, Furukawa Electric, Nexans S.A. and Panduit.
Legrand provides a host of solutions designed to manage lighting, energy, networks and building access. According to the company website, Legrand intends to play in the market with interactive new infrastructures that can manage rising volumes of data, while at the same time giving importance to energy efficient products to address the environmental and energy resource concerns.
With a presence in more than 100 countries, Panduit also claims it offers environment-friendly solutions that unify the physical infrastructure to help its customers achieve operational and financial goals. The company’s market approach is comprehensive, as it offers every accessory required for a physical network infrastructure.
The latest product announcement from Panduit was in February, when it launched GTS-E Cable Tie Hand Tool that offers lowest industry handle force and resulting impact shock to increase productivity and promote worker safety.
CommScope focuses on wireless network site solutions on LTE capacity. It offers a Powered Fiber Cable System for transporting power and communications to tower surveillance cameras, Wi-Fi access points, small cells and other remote devices.
The Powered Fiber Cable System extends Power over Ethernet (PoE) connectivity for up to three kilometres and supports both single-mode and multimode fiber.
“From the tower top to bottom, CommScope is developing and supplying unique solutions that meet real-world needs,” said Ben Cardwell, senior vice president, Mobility Solutions, CommScope.
ABB believes macroeconomic and geopolitical developments are signaling a mixed picture. The company says it is well positioned to tap opportunities for long-term profitable growth.
Recent research reports indicate that increasing worldwide demand for higher bandwidth is boosting global structured cabling market.
Transparency Market Research forecasts structured cabling market value to increase to $11.45 billion by 2021 from $7.11 billion in 2014, at a CAGR of 7.1 percent.
In December, Research and Markets had said the market is predicted to achieve revenue of $13.13 billion by 2020, with a CAGR of 9 percent between 2015 and 2020.
Digital initiatives in developing countries and popularity of connected devices in developed nation are likely to push this particular market in the coming years.
High bandwidth is important for applications such as video calling, faster data transmission, online gaming and file downloading.
As such, Transparency Market Research says, with the increase in the number of internet users, the demand for high bandwidth is expected to increase considerably across different commercial, industrial and IT (information technology) sectors.
Internet users boost growth
According to the United Nation’s International Telecommunications Union, the number of internet users worldwide was estimated to be around 3 billion in 2014.
This number is expected to increase in the coming years, resulting in an increase in demand for structured network.
In addition, the need for modernization and expansion of communication network adopted by different enterprises is also expected to accelerate the demand for structured cabling globally, Transparency Market Research says.
Market by geography
By geography, North America held the largest market share in structured cabling market and accounted for 38.8 percent market share in 2014.
Europe held the second largest market share. Initiatives taken by European Commission to reduce carbon emission and electricity consumption are responsible for the robust growth of structured cabling market in Europe.