About Environmentally Friendly Cable
The environmentally friendly cable is a cable that does not contain heavy metals such as lead, cadmium, hexavalent chromium, and mercury, and does not contain brominated flame retardants. The use of these cables can offer benefits such as a high degree of flame retardancy, non-halogen o odor, and corrosive odor. These cables are environmentally friendly halogen-free wiring materials that do not contain chlorine, bromine, or fluorine, let alone hazardous heavy metals that adversely impact the environment such as lead, cadmium, hexavalent chromium, and mercury. Therefore, they can be advantageously disposed of after use.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japan Players will contribute the maximum growth to Global Environmentally Friendly Cable market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fujikura (Japan), Hitachi (Japan), Furukawa Electric (Japan), Nexans (France), Prysmian Group (Italy), Alpha Wire (United States), Oki Electric Cable (Japan), Kuramo Electric (Nigeria), Shikoku Cable (Japan) and JMACS Japan Co., Ltd (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Eland Cables (United Kingdom), NKT (Denmark) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Environmentally Friendly Cable market by Type (Polyethylene Based and Polypropylene Based and Others), Application (Communication, Petrochemicals, Manufacturing and Others) and Region.
On the basis of geography, the market of Environmentally Friendly Cable has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Availablity, the sub-segment i.e. Single Layer Design will boost the Environmentally Friendly Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development In Wire And Cable Industry
Market Growth Drivers:
Driving the need for new halogen-free, recyclable wire and cable solutions that eliminate PVC from product design due to possible health and environmental risk is booming the demand for Environmentally Friendly Cable
Challenges:
Huge Investment in Research & Developments
Restraints:
It Is Expensive To Install
Opportunities:
Development Of The World financial system And Science And Technology, The Demand For Environmentally Friendly Cable Is Increasing And Its Performance Requirements Are Increasing.
Market Leaders and their expansionary development strategies
In August 2020 Ksaria Corporation United States Based Company Has Announced Its Acquisition With Compulink Cable Assemblies. This Transaction Is A Unique Strategic Opportunity To Build On Our Deeply Successful Foundation And Deliver Enhanced Value To Our Customers.
In May 2020 Nexans, France Based Company And The Worldwide Leader In The Cable Industry Has Introduced Its New Environmentally Friendly Cable Alternative Named Hypron®. It Offers An Environmentally Friendly Alternative To Lead-Sheathed Cables For Onshore Power, Control, And Instrumentation Applications In The Oil And Gas Industry.
Key Target Audience
New Entrants/Investors, Analysts And Strategic Business Planners, Environmentally Friendly Cable Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, And Distributors, Venture Capitalists And Private Equity Firms, Government Regulatory And Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.