The North America Ethernet Cable Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,697.7 million meter, showcasing a growth of 10.2% (2019-2022).
An ethernet cable is a part of a networking system that allows multiple computers to connect to a single network, making device communication easier. Networking cables link one network device to another or connect more than two computers to share a printer, scanner, or other device. Various network cable classes are employed, contingent upon the network's configuration, protocol, and magnitude. These classes include optical fibre, coaxial, and twisted pair cables.
It is expected that factors such as a surge in demand for high-speed internet facilities, an increase in the usage of automation across industries, and the dependable performance of these cables will contribute to the expansion of the market. Moreover, accelerated urbanization in developing economies results in heightened data consumption, propelling the market's growth. However, the substantial upfront expense significantly impedes the market. Conversely, it is anticipated that the industrial sector's increased demand for this cable will generate profitable prospects for market participants in the market throughout the estimated period.
According to Statistics Canada, internet use among Canadians aged 15 and older reached 95% in 2022, up from 92% in 2020. The largest increase was seen among Canadians aged 75 years and older, from 62% in 2020 to 72% in 2022. Ethernet cables offer a reliable and fast way to connect to the internet, which is vital for video streaming, online gaming, and telecommuting activities. The above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Ethernet Cable Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,704.1 Million by 2030. The Canada market is experiencing a CAGR of 13.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 12.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Ethernet Cable Market is Predict to reach $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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