The Europe Ethernet Cable Market would witness market growth of 11.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 959.7 million meter, showcasing a growth of 10.8% (2019-2022).
With a growing emphasis on sustainability, there is a rising demand for eco-friendly ethernet cables. Manufacturers are developing cables with reduced energy consumption, low toxicity, and recyclable materials. These green ethernet cables reduce the environmental footprint and cater to the preferences of environmentally conscious consumers. The need for reliable and secure data transmission has led to the growing use of shielded ethernet cables. Shielded cables are designed to minimize electromagnetic interference and ensure data integrity. This trend is particularly prevalent in industrial and commercial applications where interference can disrupt critical operations.
The Industrial ethernet is expanding rapidly, driven by the need for high-speed and reliable communication in manufacturing, logistics, and automation industries. These cables are essential for successfully implementing Industry 4.0 and the Internet of Things (IoT) in industrial settings. Many individuals and businesses are investing in faster and more stable connections to ensure seamless remote work, which has considerably impacted the market. As 5G technology becomes more widespread, there is an increasing need for robust ethernet infrastructure to support the backhaul connections for 5G cell towers. This trend creates opportunities for ethernet cable manufacturers to provide high-capacity, low-latency solutions.
The UK government claims that the country is quickly rising to the top of the global open RAN investment rankings. Publication of the £250 million 5G Diversification Strategy in November 2020. The rollout of 5G networks necessitates high-capacity backhaul and front-haul connections to support the increased data traffic and reduced latency. These cables are a fundamental component for these connections, ensuring reliable and high-speed data transmission between data centers. The aforementioned factors will drive the market growth in this region.
The Germany market dominated the Europe Ethernet Cable Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,644 Million by 2030. The UK market is registering a CAGR of 10.2% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 12% during (2023 - 2030).
Based on Type, the market is segmented into Copper, and Fiber-Optic. Based on Application, the market is segmented into Commercial, Industrial, and Residential. Based on Cable Type, the market is segmented into Unshielded Twisted Pair, and Shielded Twisted Pair. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Ethernet Cable Market will Hit $27.8 Billion by 2030, at a CAGR of 11.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd., Rockwell Automation, Inc., Schneider Electric SE, Belden, Inc., Prysmian Group, Nexans S.A., Anixter International Inc., Siemens AG, The Siemon Company, Leviton Manufacturing Co., Inc.
By Type (Volume, Million Meter, USD Billion, 2019 to 2030)
By Application (Volume, Million Meter, USD Billion, 2019 to 2030)
By Cable Type (Volume, Million Meter, USD Billion, 2019 to 2030)
By Country (Volume, Million Meter, USD Billion, 2019 to 2030)
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