Hybrid Cables Market Size, Share And Development By 2026 | Fortune Business Insights

(The Express Wire via Comtex)

Top Players in Hybrid Cables Market are Hitachi Cable America, Inc., New England Wire Technologies, Optical Cable Corporation, Klotzs AIS GmbH, Hexatronic, North American Interconnect, B&R Industrial Automation, Nexans, Fiber Connections, Inc., Harting, Hybrid Cables, CommScope, Leoni, SAB Brockskes GmbH & Co. KG, Huber+Suhner, and Fiber Connections Inc

The global hybrid cables market is expected to gain momentum from their possession of excellent electrical and mechanical properties. This information is published in an upcoming report by Fortune Business Insights, titled, “Hybrid Cables Market Size, Share and Global Trend By Cable Type (Fiber Optics Cables, Coaxial Cables, Copper Cables, Others), By Power Transmission Type (AC Power, DC Power), By Application (Onshore, Offshore), By End-Use Industry (Telecommunication, Power Transmission, Oil and Gas, Railways, Medical, Others) and Geography Forecast till 2026.” The report further states that hybrid cables have a longer life, are resistant to fire and are capable of flame retardation.

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/hybrid-cables-market-101106

Fortune Business Insights profiles some of the most prominent companies operating in the global hybrid cables market. They are as follows:

  • BandR Industrial Automation
  • Hitachi Cable America, Inc.
  • Fiber Connections Inc.
  • New England Wire Technologies
  • Leoni
  • Optical Cable Corporation
  • Huber+Suhner
  • Klotzs AIS GmbH
  • Harting
  • Hexatronic
  • SAB Brockskes GmbH and Co. KG
  • North American Interconnect
  • CommScope
  • Nexans
  • Hybrid Cables
  • Fiber Connections, Inc.

The report provides detailed information about the current and future market potential. It offers an elaborate analysis of the hybrid cables market trends, competitive landscape, opportunities, challenges, growth drivers, hindrances, technological advancements, regulatory scenario, and patent analysis. It segments the market on the bases of cable type, end-use industry, application, geography, and power transmission type.

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Expansion of Marine Cable Network and Fiber Optic Network to Favor Growth in Asia Pacific

Geographically, the hybrid cables market is fragmented into North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. Amongst these regions, in North America, the telecom industry has been exhibiting a notable growth since the past few years. It will augment the hybrid cables market growth in this region during the forecast period. In Europe, the power transmission and distribution industry is expected to showcase significant growth in the coming years. The growth is attributable to the renewable capacity additions, which in turn, would propel the market in this region.

At present, Latin America is focusing on implementing new capacities for power generation in countries, namely, Argentina, Brazil, and Mexico to meet the growing need for power from the masses. It is anticipated to fuel the growth of the market in this region during the forthcoming years. Asia Pacific, on the other hand, is aiming to broaden its fiber-optic network as well as marine cable network owing to the growth of information technology and telecom industries. It will further expand the hybrid cables market size. Apart from these regions, the Middle East and Africa are expected to showcase a steady growth on account of the increasing number of commercial spaces.

Key Market Players Aim to Strengthen Position by Signing Agreements and Gaining Contracts

The rising adoption of smart metering and smart grids has aided the renowned market players in gaining a lucrative hybrid cables market share for the past few years. Governments of several countries, as well as mammoth players, are investing huge sums in energy efficiency projects to increase sales. Besides, the key market players are persistently striving to strengthen their position in the market by bagging contracts and signing agreements to supply hybrid cables on a large scale. A couple of notable industry developments are given below:

  • In July 2019, Cosworth Electronics, a provider of high-quality electronics for motorsport and automotive intelligence, based in the U.K., declared that it bagged a contract from TOCA, the organizer of British Touring Car Championship (BTCC). As per the contract, Cosworth will be able to design, provide, and service the BTCC hybrid system. It will be unveiled in the 2022 BTCC season.
  • In June 2019, Meggitt PLC, an engineering business specializing in aerospace equipment, headquartered in the U.K., announced that it has successfully signed a license agreement with Luna Innovations, a provider of fiber optic-based technology. The agreement will enable Meggitt to manufacture and offer its novel next-generation Bleed Air Leak Detection system by utilizing fiber optic technology. It will hence, enhance sensor reliability and accuracy, ensuring crew and passenger safety.

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Major Table of Content ForHybrid CablesMarket:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Hybrid Cables Market Analysis, Insights and Forecast, 2026
  6. North America Hybrid Cables Market Analysis, Insights and Forecast, 2026
  7. Europe Hybrid Cables Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Hybrid Cables Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Hybrid Cables Market Analysis, Insights and Forecast, 2026
  10. Latin America Hybrid Cables Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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