Dallas, TX -- (ReleaseWire) -- 02/06/2014 -- The Electric Wire and Cable market in North America is witnessing a trend of growing awareness about environmental concerns which is leading many companies to focus on developing wires that have a lower negative impact on the environment. The chemicals used in these wires have enhanced fireproofing properties and do not produce hazardous fumes in the case of a fire. The vendors are also focusing on other parameters such as flexibility, efficiency, and ease of usage so that these features are not compromised while producing power cables that are eco-friendly. Some of the eco-friendly functionalities that major vendors maintain in power cables are flame retardancy, fire retardancy, lower emissions of poisonous fumes, non-corrosiveness, and halogen-free wires.
Analysts forecast the Electric Wire and Cable market in North America to grow at a CAGR of 4.68 percent over the period 2013-2018. According to the report, the increase in demand for wires and cables from the ICT sector has resulted from the continuous improvement in communication technologies. A robust ICT infrastructure helps companies to secure, enhance, and control business operations efficiently.
Further, the report states that the raw material cost for manufacturing wires and cables has increased considerably in the past couple of years. The cost of copper, aluminum, polyethylene, PVC, and other plastics and metals has increased due to the increasing demand-supply gap.
The report recognizes the following companies as the key players in the Electric Wire and Cable Market in North America: General Cable Corp., LS Cable & System Ltd., and Southwire Co., Inc.
Other vendors mentioned in the report are Belden Inc., Coleman Cable Inc., Corning Inc., Encore Wire Corporation, Furukawa Electric Company Limited, Legrand SA, Leviton Manufacturing Company Inc., The Marmon Group LLC, Nexans SA, and Prysmian SpA.
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Key questions answered in this report:
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?