By 2021 the global residential cable market will exceed $ 20.8 billion
International market research firm Technavio released a report that by 2021, the global residential cable market will reach 20.81 billion US dollars, during the annual compound rate of more than 5%.
The report said that the rural electrification, the development of the construction industry, developing countries, television network digitalization is to promote global residential cable demand stable growth of the three factors.
The process of delivering electricity to remote areas or rural areas is called rural electrification. For any country, socio-economic development depends on the expansion of electricity services and electrification. Emerging economies' governments are introducing programs to improve the state of rural electricity, where power services are still in development.
As a result of these plans, the market potential of residential cables will be further developed, especially in developing countries.
"In India, for example, the World Bank supports India to provide electricity access to low-income rural households, including health clinics, schools and community centers," said Gaurav Mohindru, chief research officer at Technavio Engineering Research. "The focus of the Indian government is to provide electricity to major rural areas, Not only to meet people's energy needs, but also to ensure that adequate agricultural power supply. "
Construction industry growth
At present, the global construction industry has grown steadily. In the emerging economies, the growth rate of the construction industry will rise as a result of the overall development of these countries and the rapid growth of gross domestic product.
As the urbanization, industrialization and per capita disposable income increase, the demand for housing construction is increasing. Population growth is another factor in promoting the demand for construction industry. In addition to private sector investment, government efforts to improve transport and residential infrastructure will also play a vital role in supporting overall growth rates, particularly in emerging economies. These factors will drive the market demand for residential cable growth.
Digitalization of TV networks in developing countries
Many developing countries use conventional insulated wires to connect the antenna to the TV. This method is used only for unencrypted radio waves that do not need to be connected to a set-top box to decode the channel. According to user preferences to allow channel management of digital technology to replace this analog technology. The analog network only allows one-way communication from the broadcaster to the viewer, and the communication experience signal interference causes audio and video noise in the channel. With the increasing number of digital television networks, to solve this interference problem, but also to stimulate the market demand for such cable growth.
In 2012, the Indian government passed a law to force the country's cable television digitization. For cable operators, using set-top boxes is mandatory because they provide high-quality content to users. As a result, with the complete elimination of analog networks in many countries, the development potential of residential building coaxial cables is huge, as they are one of the most economical access methods for digital access.
From the regional market point of view, in 2016, the Asia-Pacific region is the largest residential cable regional market, accounting for 51% of the global share. It is expected that by 2021, the trend in the Asia-Pacific region will dominate the global residential cable market will continue.