Insulated wire and cable market suffered severe blow during 2008 and 2009 mainly because of the global economic recession. Slow down in construction activity, especially in matured markets such as North America and Europe, and decline in worldwide automotive sector impacted the wire and cable revenues to a noticeable extent. Likewise, weak demand for wire and cable products in other end-use sectors such as telecommunications and electronic equipment also discouraged market growth. However, wire and cable market is expected to witness significant demand growth in the coming years driven by robust expansion in the wind energy, nuclear energy, and other green energy sectors. Information processing and communications, two of the largest markets are expected to prop up growth in the global insulated wire and cable market. In wireless communications, applications such as base station transmission units and antenna towers are expected to drive demand for wire and cable.
Asia-Pacific represents the largest as well as fastest growing regional market for insulated wire and cable worldwide, as stated by the new market research report on Insulated Wire and Cable. Prior to the onset of global economic recession in 2008, the Asia-Pacific insulated wire and cable grew leaps and bounds driven by huge growth in telecommunications, energy, and construction/infrastructure sectors. The insulated wire and cable market witnessed a decline in 2009 in the region and is likely to recover by 2011 driven by growing demand for telecommunications, data wire and cable products, especially in China and India.
Telecommunications, Data Wire and Cable category constitutes the largest as well as the fastest growing segment in the global insulated wire and cable market. Growing adoption of the Internet and emergence of Wavelength Division Multiplexing (WDM) technology are fueling the market for telecommunications, data wire and cable across the world. Power Wire and Cable represents the other major product segment in the global insulated wire and cable market.
The report titled “Insulated Wire and Cable: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the insulated wire and cable markets, impact of recession, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for insulated wire and cable market for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Key product segments analyzed include Building Wire and Cable; Electronic Wire and Cable; Power Wire and Cable; Telecommunications, Data Wire and Cable; and Other Insulated Wires and Cables. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Insulated_Wire_And_Cable_Market_Report.asp