(MENAFN- GlobeNewsWire - Nasdaq) New York, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report 'Communication And Energy Wire And Cable Global Market Report 2022' -
89 billion in 2021 to $162.23 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The communication and energy wire and cable market is expected to grow to $201.19 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%.
The communication and energy wire and cable market consists of sales of communication and energy wires and cables by entities (organizations, sole traders and partnerships) that produce insulating fibre optic cable, and insulated nonferrous wire and cable from nonferrous wire drawn in other establishments.
The main types of communication and energy wire and cable are other cables and fibre optical cable.The cable designs are ribbon tube, loose tube, tight-buffered, central core, and other cable designs.
The deployments are underground, underwater, aerial, and other deployments.
Asia Pacific was the largest region in the communication and energy wire and cable market. The regions covered in this communication and energy wire and cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growth in the communication and energy wire and cable market is due to increasing infrastructure and rapid population growth.Population refers to the whole number of people or inhabitants in a country or region.
A wire is used to carry electricity, bear mechanical loads, transmit telecommunication signals, for heating jewellery, clothing, automotive or any industrially manufactured parts like pins, bulbs and needles.For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, The current population of China is 1,450,341,718.
Therefore, the rapid population growth is driving the growth of the communication and energy wire and cable market.
Polymer optic fibre is widely used in automotive, aircraft manufacturing, electronics, and other industries apart from the telecommunications industry.Polymer optic fibre which is similar to glass optic fibre is made with polymer and transmits light through the core of the fibre.
It comprises polymethyl methacrylate (PMMA) which facilitates light transmission along with fluorinated polymers which are the cladding material.Polymer optic fibres are lightweight and comparatively less expensive and support bit rates of up to 10Gbps.
Polymer optic fibre applications include the Internet Of Things, home networking, and sensors for structural health monitoring. Major companies offering polymer optic fibre include the following Mitsubishi Rayon, Asahi Kasei, Asahi Glass, and Fujifilm.
The countries covered in the communication and energy wire and cable market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
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