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ResearchAndMarkets, an international market research institution, recently released a report that the compound annual growth rate of the global industrial communication cable market is expected to exceed 12%
from 2018 to 2022.
The report believes that the increase in power penetration of Ethernet is one of the main factors promoting the stable and rapid development of
this market.
At the same time, the fluctuation of raw material prices is also a major challenge
for the development of this market.
The report predicts that the spread of wireless communication will promote the increasing
demand for highly flexible industrial communication cables.
From the manufacturer's point of view, Prysmian, Nexans, General Cable (acquired by Prysmian), Hitachi, Advantech and Anixter will become the world's leading suppliers
of industrial communication cables.
ResearchAndMarkets, an international market research institution, recently released a report that the compound annual growth rate of the global industrial communication cable market is expected to exceed 12%
from 2018 to 2022.
The report believes that the increase in power penetration of Ethernet is one of the main factors promoting the stable and rapid development of
this market.
At the same time, the fluctuation of raw material prices is also a major challenge
for the development of this market.
The report predicts that the spread of wireless communication will promote the increasing
demand for highly flexible industrial communication cables.
From the manufacturer's point of view, Prysmian, Nexans, General Cable (acquired by Prysmian), Hitachi, Advantech and Anixter will become the world's leading suppliers
of industrial communication cables.
