Cable reels are generally used for rotating, unwinding, storage, and winding of electrical cable or long, continuous wires. Cable reels are simple devices around which long, continuous pieces of cable or other material like paper, wire, etc., are wound for safe transportation or storage. In some instances, the name "cable reel" is misleading. Cable is not actually rolled up; it is simply coaxed or slung in that manner. The basic function is still the same though: to transfer media from one location to another. As far as regional impact is concerned, Asia Pacific seems to be exhibiting a positive outlook in the cord and cable reels market. This robust growth can be attributed to the high demand for cords from industrial applications in emerging economies including China and India. On the contrary, North America is registering significant traction as there is high adoption of 4G and 5G technologies.
The demand for cord and cable reels has increased significantly over the years, due to rising adoption in industrial and commercial applications. Cables and cords are widely used in fire safety equipment and trucks, they are used to keep fire apparatus batteries charged. Besides, there are massive applications of cords and cable reels in medical devices where these cables are manufactured with an antimicrobial additive, in order to keep the cord safe from odor, mold, and mildew. Recently, in August 2020, Schneider Electric launched anti-bacterial and self-disinfectant switches and sockets. Hence, such factors can stimulate growth of the cord and cable reels market.
Cable is one of the oldest forms of transmitting power and information. Cables have been in use since the earliest civilizations existed. They are widely used in all kinds of industries. Automotive and transportation companies use them for their long-distance vehicle telematics systems, whereas military applications include radar systems, communications, and computers. Despite these driving factors, certain aspects of the market can potentially limit future development. For instance, the high transportation cost of cable drugs can pose massive challenges in growth of the market. Furthermore, these cables require routine maintenance and repair operations, incurring additional costs. Hence, these factors can impede growth of the cord and cable reels market.
Another key factor that is aiding growth of the market is the rapid adoption of 4G and 5G technologies. With growing internet penetration, the adoption of high-speed internet services such as 4G and 5G is likely to surge in the near future. As per the International Telecommunication Union (ITU), internet users across the globe reached 4 billion in 2019, increasing from 2.8 billion in 2014. Thus, such factors can potentially augment growth of the cord and cable reels market. Recently, in March 2021, Belden Inc. launched Digital Electricity (DE) Cable that delivers power up to 2,000W on the copper pair, while sending data via fiber over long distances.
No comments:
Post a Comment