WILMINGTON, DE / ACCESSWIRE / January 24, 2023 / Transparency Market Research Inc. - The fiber optical cable & cable assembly products market revenue analysis by Transparency Market Research (TMR) notes that the Asia Pacific fiber optical cable & cable assembly products market is prognosticated to reach a value of US$ 1 Bn mark by 2030. Furthermore, the global market study on fiber optical cable & cable assembly products states that the market is expected to develop at a CAGR of 9% during the forecast period, 2020-2030.
Due to the advent of the Green New Deal, major companies focusing on the de-carbonization are anticipated to gain considerable financial support, states a TMR study on the fiber optical cable & cable assembly products market. Owing to a rise in the understanding on the monetary efficiency of offshore wind turbines, the government authorities of several nations across the globe are encouraging local power companies for the production of power with the help of wind turbine technology. Such factors, in turn, are anticipated to help in the market expansion, states a TMR study that covers ongoing trends of the fiber optical cable & cable assembly products market.
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The adoption of the fiber optical cable & cable assembly products is being increasing in the recent years for wind turbines owing to their different advantages including their resistance to different outside forces that can damage the copper cabling. This factor is expected to fuel the sales growth in the global fiber optical cable & cable assembly products market during the forecast period, according to the assessment presented in the TMR report.
Fiber Optical Cable & Cable Assembly Products Market: Key Findings
- With rise in the adoption of offshore wind technology in the emerging economies of Asia Pacific, companies operating in the fiber optical cable & cable assembly products market are expected to gain sizable growth prospects in the region, note analysts at TMR. Moreover, there has been rise in the investments toward new wind farms development in China. This factor is creating profitable prospects in the fiber optical cable & cable assembly products market.
- Numerous nations across the globe including Malaysia, India, Vietnam, Japan, and Thailand are focusing on the application of offshore wind power, due to its varied benefits including the cost-effective nature as well as low-carbon levels. Apart from China, many nations such as India and Vietnam are investing heavily on the offshore wind technologies development. This factor is likely to create sizable business prospects in the fiber optical cable & cable assembly products market during the forecast period, note researchers at TMR.
Fiber Optical Cable & Cable Assembly Products Market: Growth Boosters
- Rise in the use of fiber optical cables in offshore wind farms is boosting the market growth, notes a TMR report on the fiber optical cable & cable assembly products market statistics
- A surge in the adoption of wind power renewable technology across the globe is expected to create revenue-generation avenues in the fiber optical cable & cable assembly products market during the forecast period
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Fiber Optical Cable & Cable Assembly Products Market: Key Players
Some of the key players profiled in the report are:
- Amphenol Corporation
- Japan Aviation Electronics Industry, Ltd.
- TE Connectivity
- Koch Industries, Inc.
- Luxshare Precision Industry Co., Ltd.
- W. L. Gore & Associates, Inc.
- FURUKAWA ELECTRIC CO., LTD.
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
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Fiber Optical Cable & Cable Assembly Products Market Segmentation
- Wind Turbine Equipment Manufacturers
- Wind Park Operators & Maintenance Providers
Country and Sub-region
- South Korea
- Rest of Asia Pacific
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