According to the recent study the premise cable market is projected to reach an estimated $13.1 billion by 2028 from $8.5 billion in 2023, at a CAGR of 9% from 2023 to 2028. Growth in this market is primarily driven by rising number of constructional activities, significant utilization of these cables in many intra and inter-building operations, and increasing demand for broadband services and connections across the globe.
A more than 150 – page report is developed to understand trends, opportunities and forecast in premise cable market by product type (copper cable and fiber optic cable), application (industrial, broadcast, enterprise, IT & network security, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Copper cable market is expected to remain the largest segment during the forecast period.”
Based on product type, the premise cable market is segmented into copper cable and fiber optic cable. Lucintel forecasts that the copper cable market is expected to remain the largest segment due to the huge application for copper cables in oil and gas industry owing to its affordability, high security, and reliability.
“Within the premise cable market, the industrial segment is expected to remain the largest application”
Based on application the industrial segment is expected to witness the highest growth over the forecast period due to the significant use of these cables in electrical power transmission and increasing need for industrial-grade premise cables, which are reliable in the challenging environmental circumstances.
“North America will dominate the premise cable market in near future”
North America will remain the largest region due to the existence of key manufacturing hubs and increasing investment in the on-going technological advancement of the product in the region.
Major players of premise cable market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Belden, Schneider Electric, Siemens, Nexans, Prysmian Group, and Hitachi are among the major premise cable providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]