NEWS

The global market’s scale for wire and cable will reach $16.9 billion in 2018

2018.12.06

The market is expected to grow at a compound annual growth rate of 8.36% from 2018 to 2023, with increasing demand from IT departments and increasing investment in infrastructure, especially in developing countries in the asia-pacific region and the Middle East.

The report further breaks down the end-user wire and cable management market into commercial, industrial and residential segments.The business sector is expected to grow at the highest compound annual rate during the forecast period.Growth in urban populations, investment in construction, and the need for data centers to handle easily accessible data cables are driving business, particularly in developing countries such as India, Saudi Arabia, Thailand, Vietnam, and Malaysia.