Bharat Book Bureau Provides the Treding Market Research Report on "Global Patch Cable Market 2019-2028" under Consumer Goods Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.
Report predicts that the Global Market For Patch Cable would witness a CAGR of 7.20% over the forecast period 2019-2028.
The growing demand for high-speed connectivity devices and systems is the primary driving force of this market. In addition, the improved cable application also adds to the growth. Furthermore, the growing number of data centers and the emergence of the 5G revolution are creating market growth opportunities.
However, the negative impact of IoT technology and the high cost incurred for the installation of these cables are factors hindering the market growth. Besides, the market also encounters several geographical challenges in its growth path.
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Latin America, Europe, North America, the Asia-Pacific, and the Middle East and Africa are the major regions this market encompasses.
The North American market holds the largest share globally, and is expected to maintain its reigning position till 2028. The region is witnessing a significant demand for efficient patch cables. This can be attributed to technological advancements, innovation, and investments in the respective industry. Another reason for the growing adoption of patch cables is the rise in need for a secure and reliable transmission medium. Growth in fiber optic Ethernet cable applications across North America is expected to further augment the growth of the studied market in the region in the forecasting phase.
The eminent companies in the patch cable market are Panduit Corp, CP Technologies, Corning Incorporated, General Cable (Prysmian Group), Black Box Corporation, Legrand LLC, Quabbin Wire & Cable Co Inc, Major Custom Cable, Otscable, Schneider Electric, Belden, Commscope, Comnen, Fiberstore, and Cable Master.
Legrand Global LLC, a subsidiary of Legrand SA, specializes in systems products for electrical installations and information networks. It is engaged in designing, manufacturing, and installing data communication, security cameras, connectors, lightning, shading systems, and wall plates. In addition, it also offers solutions that are used in commercial, industrial, and residential markets, which makes the company a premier choice for suppliers across the globe.
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