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wiredInUSA - April 2013
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New analysis of the North American
wire and cable materials market
from Frost & Sullivan Analysis finds
that the market earned revenues of
$1.92 billion in 2012 and estimates
this to reach $2.53 billion in 2018.
The analysis covers power cables,
building wires and communication
cables.
"Overhead lines are generally bare
conductors, where air acts as the
insulation; underground cables,
however, require plastic insulation,
jacketing and sheathing materials,"
said Frost & Sullivan chemicals
and materials research analyst,
Anita Pamu. "Thus, the growth
of the underground T&D market
will accelerate the sales of cable
materials within this segment."
While there is significant demand
for new cables in the power sector,
there is little demand within the
replacement market because the
average lifespan of a power cable
can range from 25 to 40 years, which
translates to low replacement rates.
The analysis concludes that, to stand
out in a competitive commodity
market,material suppliers shouldfocus
on developing lighter compounds
and reducing material costs. Resin
and compound suppliers should
seek to establish their presence in
high-growth markets to sustain sales
volumes. Suppliers that offer a wide
range of cable-grade resins and
compounds are much better able
to retain existing customers and gain
new business.
“Analysis of the North American wire
and cable materials market” is part of
the Frost & Sullivan Materials Growth
Partnership Service program.
Infrastructure
boom
strengthens
industry