About Metal-clad Cable
Metal-clad armored cables are being extremely published as an economical difference to traditional pipe and wire. However, rising prices and also the restricted availableness of conduits have had a powerful impact on a contractor’s profitableness. Hence, manufacturers are increasing their production capabilities and availableness of metal-clad armored cables, which facilitate the elimination of the necessity for electrical conduits. Companies in the metal-clad cable market are boosting their output capacities for metal-clad armored cables since they're gaining quality for providing high mechanical protection and sturdiness in construction and industrial applications. Moreover, these cables need fewer labor hours throughout the installation. Metal-clad armored cables are growing distinguished in industrial, utility, and commercial projects. Interlocked armor is versatile, unlike the electrical conduit. Such cables are being used in installations wherever close-spaced bends are involved.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Metal-clad Cable market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Belden Inc. (United States), Nexans S.A. (France), AFC Cables (United States), Aksh Optifibre (India), General Cable Corp (United States), Prysmian, Southwire (Italy), PDU Cables (United States) and Huadong Cable Group (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Metal-clad Cable market by Type (Steel Tape Armoured, Steel Wire Armoured and Thick Steel Wire Armoring), Application (Electric Power System, Communication and Others) and Region.
On the basis of geography, the market of Metal-clad 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 Distribution Channel, the sub-segment i.e. Online will boost the Metal-clad Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use in The Factories, Power Substations, Automotive Sector and Plastics
Market Growth Drivers:
The Growing Rate of Urbanization and Need for High-Reliability, And Flexible Installation
Challenges:
Lack of Skilled Labour for Installation
Restraints:
High Cost of The Cable
Opportunities:
Rapid Innovation and Technological Advancement
Market Leaders and their expansionary development strategies
In January 2021, SouthWire had partnered with The Ray to enhance energy and highway infrastructure. The company had invested in sustainable concepts and projects in these areas, which were likely to enhance the commitment and capabilities that they share.
In October 2023, Prysmian Group, a world leader in the energy and telecom cable industry, announced the expansion of its High Voltage MCC production capacity in its Abbeville, South Carolina facility. This expansion aims to meet the growing demand for MCC in the American market, specifically for renewable energy projects.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Metal-clad Cable, Suppliers and Distributors of Metal-clad Cable, Venture Capitalists and Private Equity Firms 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.