(MENAFN- iCrowdNewsWire) LAN Cable Market - Global Demand, Sales,COVID-19 Impact Analysis, Consumption and Forecasts to 2025
iCrowdNewswire Jan 14, 2021 1:00 AM ET
Global LAN Cable Market is expected to reach USD 7,751.2 Million by 2025 at a CAGR of 5.02% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. A LAN Cable is an electronic device that is used to detect several types of gases to measure gas concentration and levels of toxicity. LAN Cables used for applications in industrial processes, environmental monitoring, aerospace and defense, automotive exhaust and transportation, smart cities and smart homes, HVAC applications, among others.
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The Key Players of the Global LAN Cable Market are Black Box Corporation (US), Fibrestore (FS.COM Inc.) (US), OTSCable.com Co Ltd. (China), Infinite Electronics International Inc. (US), Belden Inc. (US), Hitachi Ltd. (Japan), Nexans SA (France), DBA Primus Cable (US), Huzhou Shumai Cable Co., Ltd. (China), LEONI AG (Germany), and General Cable Technology Corporation (US).
- In August 2019 , L-COM launched Cat6 and Cat6a Plenum +105°C, 28AWG, shielded, slim Ethernet patch cords that are designed to offer solutions for high-density patching applications and for applications that require a smaller, more flexible cable. It has a temperature range of -20°C to +105°C that allows it to be used in high-temperature applications.
- In September 2018 , FS.COM Inc. expanded its presence in Singapore to provide door-to-door services to customers in Malaysia, Indonesia, Thailand, and the Philippines for cables and accessories. This expansion also helped the company strengthen its presence in the South-East Asian market.
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Global LAN Cable Market has been segmented based on Type, Application, and Region.
Based on Type, the market has been classified into CAT 6 Cable, CAT 6A Cable, CAT 7 Cable, CAT 5E Cable, and CAT 5 Cable. These categories have different levels of performance and thus affect the purchase of appropriate cable for the right application. The CAT 6 cable accounted for the largest market share of 30.5% in 2018, followed by CAT 6A cable. Further, the CAT 7 cable is expected to register the highest CAGR of 6.3% during the forecast period. CAT 7 cables are used for the cabling infrastructure of gigabit Ethernet. It offers performance up to 600MHz. These cables are mostly used for wiring in smart homes. These cables differ from preceding Ethernet cable standards, including CAT 5 and CAT 6, in several ways. However, one of the greatest advantages of CAT 7 cables is the shielding of its twisted pairs, which significantly improve noise resistance. Moreover, these are highly durable and have a longer lifespan than CAT 5 and CAT 6 cables.
By Application, the Global LAN Cable Market is segmented into home use, office use, and industrial use. LAN cables can deliver internet data or information to the end-users via physical RJ45 patch cables, behaving similarly to an Internet cable. The office use segment accounted for the largest market share of 41.1% in 2018. On the other hand, the industrial use segment is expected to register the highest CAGR of 5.8%. LAN cables have significant applications in homes and offices. However, the use of these cables is increasing in the industrial sector. Using LAN cables, many manufacturing plants are connected to the Internet. The ability to access a single part of a network reduces downtown periods and ensures continued productivity. The primary failure of this cable is related to signal transmission issues, which are directly related to the quality of materials and manufacturing processes. LAN cables help the manufacturing experts to enable the development of customized solutions to overcome a client's challenges by connecting to a high range network.
The global LAN cable market, by region, has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest market value of USD 1,917.9 million in 2019 and is expected to register a CAGR of 4.8% during the forecast period. Asia-Pacific is projected to register the highest CAGR of 5.8%.
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