Industrial Communication Cables Market Analysis and Revenue Forecast to 2025
The global industrial communication cables market is expected to display higher growth rate over the next five years. Rapid surge in market is credited to the increasing demand for seamless data communication and growing adoption of automation technologies.
The global industrial communication cables market is expected to display higher growth rate over the next five years. Rapid surge in market is credited to the increasing demand for seamless data communication and growing adoption of automation technologies.
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<strong>Industrial</strong> communication cables market is broadly categorized in<strong>to</strong> two major segments based on application type<br />
such as process industries <strong>and</strong> discrete industries. Process industries segment is growing rapidly in the market with<br />
substantial revenue generation in the last few years. Growing popularity of industrial communication cables in process<br />
industries segment is attributed <strong>to</strong> implementation of advanced communication pro<strong>to</strong>cols <strong>and</strong> low cost solutions.<br />
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<strong>Market</strong> is divided by region as North America, Europe, Asia-Pacific, Latin America <strong>and</strong> Africa. North America has shown<br />
major growth in recent years owing <strong>to</strong> the rise in implementation of latest technologies in communication sec<strong>to</strong>r,<br />
surge in number of research & development activities in the region <strong>and</strong> existence of well-established manufacturing<br />
infrastructure. In European region, Germany, France, <strong>and</strong> United Kingdom are projected <strong>to</strong> witness steady growth due<br />
<strong>to</strong> the rising dem<strong>and</strong> from various end-use industries such as utilities, oil & gas industry <strong>and</strong> aerospace sec<strong>to</strong>r.<br />
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<strong>Market</strong> Segment:<br />
<strong>Market</strong> segment by Type, the product can be split in<strong>to</strong><br />
• Copper<br />
• Aluminum<br />
• Aluminum Alloy<br />
<strong>Market</strong> segment by Application, split in<strong>to</strong><br />
• Process Industries<br />
• Discrete Industries
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