The wire and cable market is expected to grow at a CAGR of 5.1% during the forecast period (2021 - 2026). The demand for wire and cables across the globe weakened due to the outbreak of the Covid-19 pandemic. During the initial phase of COVID-19 pandemic, the demand was usually weak, but production usually continues at reduced levels.
A wire is a single conductor while a cable consists of two or more insulated wire wrapped in a single jacket that allows the charge to pas-through. The scope of the study includes the various forms of wire and cable installations deployed in key end-user installations such as construction, telecommunications, and Power infrastructure.
There are increasing reserves in smart grid technology, growing renewable energy production, and government initiatives for upgrading the transmission and distribution systems responsible for the proliferation of the market. Also, in the past few years, cloud and content providers attempted to attract more users and offer reliable bandwidth-intensive services, thus, increasing the popularity of submarine infrastructure. The number of new submarine cables grew by 50% in 2019, as compared to 2018, and is expected to grow more post-pandemic. The lifetime for a submarine cable is expected to be about 25 years.
Further, submarine cables act as the primary backbone of the internet. There are about 350 submarine cables spanning around 1.2 million kilometers connecting very close to 100 countries. According to SubmarineNetworks.com, the trend of submarine cables is transforming rapidly, with data compiled by Telegeography indicating USD 8 billion investments lined up in 2019-21.
Moreover, Fiber deep is one such trend that is expected to become a large part of the next generation of cable. Here, the MSOs (Multiple System Operators) have the capability to push fiber ever closer to customers to provide them with better service. In addition to adopting virtualization technologies and pursuing strategies like Headends Re-Architected as a Data Center (HERD), an adaptation of the telco Central Office Re-Architected as a Data Center (CORD) initiative for the MSO market, are reflective of cable MSOs trying to simplify operations by driving digital technologies closer to subscribers.
Cables manufacturing companies are also increasing fire-resistant cable production capacities to keep pace with the growing demand for these products from the construction industry. Fire-resistant cables are designed for limiting the propagation of flames. They have a sheet to limit the smoke and other toxic gases released, and such cables are designed for wiring in large residential, commercial buildings, and manufacturing units.
Why Choose Us
Amissiontech Co.,Ltd specializes in manufacturing industrial connectors and cable harnesses with design capabilities. We, in the southern part of China,maintains a R&D center, lab and assembly workshops with an area about 1500sqm. Equiped with modern facilities and combined with cost/quality/delivery control-oriented Enterprise Resources Planning, we strive to be a reliable partner ,"AMSONE", an Application focused ,Manufacturer guaranteed Solution provider by offering all-in-ONE services with no compromise in quality.
In addition to our standard connectors manufacturing, we also have rich experience in tailor-made non-standard interconnection applications request from the first idea through development up, prototyping to series production.
Our R&D team works on tooling development and design evaluation, integrating with in-house processes such as cable preparation, contacting, inner and outer molding, final assembly, testing, labeling and packing and inspection.
We are able to offer flexible manufacturing and best technical solutions for whatever type of connection you need, which also means highly available, durable, and efficient in custom designing and production! If you are looking for a reliable merchandise of cables, please contact us now!