Multicore Cables Market – Forecasted for Accelerated Growth by 2024

Multicore Cables Market

Global Multicore Cables Market: Overview

Electrical cables are generally known as multicore cable. They consist of numerous cores that are made up of copper wire. Multicore cable is packed within a single wire and helps in performing different functions such as data transmission, power, and AV elements in the single cable sheath. The versatility of the multicore cables makes it available for both industrial and commercial purposes. The multicore cables provide both digital and analog signals. The multicore cables are reliable, fireproof, durable, functional efficiency is optimum, resistant to chemicals, and gives good performance.

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Global Multicore Cables Market: Segmentation

The global multicore cables market is fragmented into its types, application, and end-user. On the basis of types, the global market is segregated into standard cables, flat cables, solid cables, flexible cables, and parallel twin cables. Depending on the applications, the market is categorized into alarm system, pumps and motors, offices, the internal wiring of appliances, aircraft, transferring electrical signals, mobile electrical equipment, household appliances, supplying power, professional video cameras, and medical equipment. The household appliances segment is further subdivided into refrigerator, washing machine, and kitchen equipment. According to the end user, the market is segmented into industrial and commercial. The industrial segment is further subcategorized into telecom, automotive, energy, and construction.

Global Multicore Cables Market: Growth Factors

The key factor that is driving the multicore cables market is its increasing use in the construction and automotive sector. The installation of the multicore cables is very quick, they are highly flexible, and are easy to use and handle. In various electrical and radio purposes the multicore cables are used and they are also helpful in transmitting data from a point to another. The high investments that are being made in the infrastructure is another factor that is driving the multicore cables market. In case of multicore cables, the chances for data loss are minimized and data is transferred faster.

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Global Multicore Cables Market: Regional Analysis

The geographical segmentation of the global multicore cables market is diversified into Latin America, North America, Western Europe, Eastern Europe, the Middle East and Africa, and Asia Pacific. The region that is contributing major share in the global market is Asia Pacific which is followed by Latin America. The dominance of the Asia Pacific region is due to the growth in the infrastructural sector in the emerging nations such as India and China. The North American market for the multicore cables is also increasing owing to the development in the automotive market. The market is still emerging in the Middle East and Africa and is expected to have a good growth in the future years.

Global Multicore Cables Market: Competitive Players

The key market players that are involved in the multicore cables market are Centurion Power Cables Pvt. Ltd., KCL Cable Limited, Hitex Plus, Doha Cables, Relemac Technologies Pvt. Ltd., Bhuwal Cables Limited, Cabcon Technologies Pvt. Ltd., Gem Cables, and Bambach Wires and Cables.

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