The structured cabling market is expected to grow from US$ 10.93 billion in 2022 to US$ 19.68 billion by 2030; it is estimated to grow at a CAGR of 7.6% from 2022 to 2030.
Analyst Perspective:
The growth of data centers and technology-driven industries propelled the need for power and control cables to ensure uninterrupted power supply and data transmission. The cables are crucial to maintain the functioning of critical infrastructure. As the demand for data storage and processing continues to rise, more data centers are being built. These facilities require extensive power and control cable systems to distribute electricity and manage various systems and equipment. Modern data centers are designed to accommodate high-power-density servers and equipment. This generates a huge scope for power cable systems capable of handling larger electrical loads safely and efficiently. Lately, several data centers have been installed. In June 2023, PT ST Telemedia Global Data Centers (Indonesia) or PT STT GDC Indonesia, a leading data center provider, officially launched its first data center facility, STT Jakarta 1, in Bekasi, Jawa Barat. The data center campus will support up to 72 megawatts (MW) of critical IT capacity, with STT Jakarta 1 supporting up to 19.5 MW. Additionally, in February 2023, AWS announced the AWS Modular Data Center for the US Department of Defense Joint Warfighting Cloud Capability. The installations of data centers with high power density and critical capacities require power cables. Therefore, the growing data center industry relies heavily on hardware offered by structured cabling market players to ensure reliable, efficient, and safe operations. As data centers evolve and expand, the demand for these structured cabling solutions is expected to increase significantly in the coming years.
Market Overview:
A structured cabling system provides an infrastructure for telecommunications and serves a wide range of uses, such as transmitting data through a network or providing telephone service. In telecommunications, structured cabling is referred to as cabling infrastructure found in buildings that contain subsystems, such as optical cabling, twisted pair, patch cables, and others. Installers of structured cabling generally follow a set of standards when wiring data or voice communications for industrial, commercial, or residential spaces. The standards define how the technician is required to lay the cabling and how to patch the outlet into a network switch. The pandemic started a fundamental shift in how enterprises operate. While several enterprises have returned to the traditional ways of people working on-site, other enterprises have continued with remote working. Additionally, the rapid adoption of Industry 4.0 and digital transformation have led to a massive rise in data generation. Such factors have led to tremendous growth in the IT and telecommunications industry, boosting the requirement for structure cabling, and promoting structured cabling market growth.
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Structured Cabling Market: Strategic Insights
Market Size Value in US$ 10.93 billion in 2022 Market Size Value by US$ 19.68 billion by 2030 Growth rate CAGR of 7.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Structured Cabling Market: Strategic Insights
| Market Size Value in | US$ 10.93 billion in 2022 |
| Market Size Value by | US$ 19.68 billion by 2030 |
| Growth rate | CAGR of 7.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Driver:
Construction of New Data Centers is Driving the Growth of the Structured Cabling Market
Different industry verticals are adopting digital transformation at a rapid pace. It is leading to the growing demand for managed services and cloud. Such trends are necessitating the requirement for advanced data centers across the globe, offering better capacity in a cost-effective and energy-efficient manner. Thus data centers and enterprises are moving away from legacy networks and are looking for structured cabling offerings that can offer greater bandwidth, connectivity, architecture, scale, and security. With the fast-growing demand for such data center applications, it has become crucial to choose the right cable design for sustaining current and future requirements. Advanced cabling solutions are being designed by structured cabling market players for high data transmission, elevated agility, and flexibility to ease the adoption of cloud and digital solutions by service providers and enterprises seamlessly. Hence, the number of data centers is rising at a tremendous pace across the globe. For instance, in December 2023, Scala Data Centers started operating its first data center named SPOAPA01 with an IT capacity of 4.8MW in Porto Alegre, Brazil. The new data center was constructed for an investment of US$ 48.0 million is expected to be dedicated to hyperscale customers, and will be completely powered by certified renewable energy.
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Segmental Analysis:
The structured cabling market is segmented by component, network type, cable type, and end-user industry. Based on the component, the structured cabling market is segmented into hardware and software & service. Based on network type, the structured cabling market is bifurcated into local area network (LAN) and wide area network (WAN). Based on the cable type, the structured cabling market is segmented into 5E, 6, 6A, and Others. Based on end use, the structured cabling market is segmented into government & defense, healthcare, IT & telecom, manufacturing, residential & commercial buildings, transportation, and others. By geography, the structured cabling market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Regional Analysis:
The North American structured cabling market was valued at US$ 3.93 billion in 2022 and is projected to reach US$ 6.69 billion by 2030. The structured cabling market in the region is expected to grow at a CAGR of 6.9% during the forecast period.
The manufacturing industry in North America is changing quickly, and digitalization is making it easier to install automation solutions. Industrial networking plays an important role in today's manufacturing control systems. Manufacturing facilities need industrial networking to control machines, plants, and power distribution. The communication interface for industrial networking is essential for any automation system architecture as it provides powerful data exchange, controllability, and flexibility to connect various devices. Rising adoption of advanced technologies and machines, such as Industrial IoT, automated machines, and additive manufacturing with the rising deployment of industrial 4.0, automation, and increasing digitalization, the requirements for industrial communications networks are rising continuously, which is driving the growth of industrial networking in the US. The high rate of automation adoption across the country across all industries is attributed to the market's growth. For instance, food and beverage manufacturing giants such as PepsiCo and Nestle have adopted several advanced technologies to automate their production processes such as manufacturing, assembling, and packing their products. These investments have increased the demand for connected devices across the factories. Thus, all the above factors are fueling the structured cabling market growth in North America.
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Key Player Analysis:
ABB Ltd, Belden Inc, CommScope Holding Inc, Furukawa Electric, Legrand SA, Nexans SA, Panduit Corp, Schneider Electric, Siemens AG, and The Seimon Company are among the key structured cabling market players. These structured cabling market players are focused on continuous product development and innovation.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the structured cabling market. A few recent structured cabling market developments are listed below:
- In September 2023, Excel Networking Solutions, a leading infrastructure provider launched a new range of structured cabling products appropriate for external infrastructure installations. The new range includes a unique Category 6A U/FTP S-Foil cable containing a double sheath with a polyethylene (PE) outer sheath for the external part of the installation.
- In January 2022, Panduit Corp launched RapidID Network Mapping System, an offering designed to reduce the time and cost of patch cord documentation by approximately half. Users or network engineers can utilize pre-labeled Panduit patch cords and the RapidID Bluetooth-enabled handheld scanner to easily, quickly, and more accurately place and trace cables.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Network Type, Cable Type, and End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. ABB
2. Belden Inc
3. CommScope Holding Company, Inc
4. Corning Incorporated
5. Furukawa Electric Co., Ltd
6. Legrand SA
7. Nexans
8. Schneider Electric
9. Siemon
10. Panduit Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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