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Global Patch Cable Market to Register Extensive Growth as Cable Application Improves

 

According to the estimations put forth by Inkwood Research, the Global Patch Cable Market is predicted to project a CAGR of 7.13% in terms of revenue during the forecasting years of 2019-2028.

“Browse 53 Market Data Tables and 50 Figures spread over 170 Pages, along with an in-depth TOC on the Global Patch Cable Market Forecast 2019-2028.”



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A patch cable is a generic term referring to cabling connecting two electronic devices, typically within a network. They are also known as patch cords, due to the presence of connectors on both ends, connecting the power source and end device. Patch cables are often utilized for short distances, especially in offices as well as wiring closets.

Improved Cable Application Fuels Market Growth

Cable technology has observed significant and continual innovations, over the years. They are primarily classified into fiber-optic and copper cables. Copper cables experience vast applications, because of their low price, high security, and reliability. They range from Category 1 to Category 8, mainly depending on the rate of data transmission and frequency. However, Category 6A is the most recommended cable, with a data transmission speed of 10,000 Mbps. They are widely utilized in CDDI, ATM, broadband, digital video, and baseband analog videos. On the other hand, fiber-optic cables are applied in sectors, such as the oil and gas industry. 

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Industrial Projected to be the Dominating End-User

Patch cables are mainly used for industrial purposes, to connect, control, and transmit data between machines and systems. Ethernet used in an industrial setting usually needs stronger cables, connectors, and enhanced performance during harsh conditions. With industrial patch cables, the data transmission rate ranges from 10 Mbit/s to 1 Gbit/s. The most popular speed used in numerous industrial Ethernet applications is the data transmission rate of 100 Mbit/s. As a result, high-speed, reliability, the rising automation technology, and increased industrialization are anticipated to bolster the market growth.

Asia Pacific to be the Prominent Region by 2028

The increased demand for the internet in emerging countries, like, China, India, and Taiwan, the rising industrialization rates, and the growing awareness linked with the advantages of patch cable, are projected to fuel the region’s market growth. Additionally, technological developments, incorporated with the increased penetration of Fiber to the X (FTTX), have considerably driven the market growth in the Asia Pacific. The region harbors lucrative market opportunities, mainly due to the rapid acceptance of the technology within the administrative, and, the IT and telecommunication sectors. Moreover, patch cable’s surging adoption across the healthcare and medical division, further augments the region’s market growth.

Numerous enterprises within the global patch cable market manufacture different kinds of products. Moreover, companies are also introducing distinct innovations to upgrade their businesses, and step up into the market. As a result, the industry rivalry is anticipated to be high, over the forecast years. Major companies operating in the market include Corning, CP Technologies, CommScope, General Cable, Legrand North America LLC, Black Box, etc.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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