Forecasting the Future: Cable Blowing Equipment Market Size Projections
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The Cable Blowing Equipment Market Size is expected to rise significantly; estimates place it at USD 108 million in 2023 and USD 136 million by 2028, with a Compound Annual Growth Rate (CAGR) of 4.7% for the duration of the forecast.
The increasing demand for high-speed internet access across areas and the growing telecommunications industry are two of the reasons contributing to the growth trajectory. Classified by power type and cable type, the market for cable blowing equipment is predicted to grow significantly as the demand for effective cable installation solutions increases globally. Driven by ongoing infrastructure advancements and the deployment of modern communication networks, North America, Europe, Asia Pacific, and other regions are expected to play key roles in propelling market growth.
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The Cable Blowing Equipment Market Growth is expanding rapidly due to a number of factors that are supporting the global expansion of fibre optic networks. The necessity of connecting data centres to dependable, fast internet, the continuous modernization of outdated cable networks with fibre optic infrastructure, and the growing popularity of Fibre to the Home (FTTH) and Fibre to the Building (FTTB) networks are some of the main motivators. Furthermore, the swift integration of 5G technology calls for the establishment of sophisticated telecommunications infrastructure that can manage the surge in data traffic and bandwidth requirements. In emerging economies, where there is a strong drive to expand telecommunications networks to support digital connection and facilitate economic development, this expansion is especially noticeable.
By Power Type, the electric segment is projected to grow at high CAGR of the cable blowing equipment market during the forecast period.
The market for cable blowing equipment is expected to witness substantial expansion in the electric segment in the near future due to the growing emphasis on sustainability and environmentally friendly solutions in a variety of industries. Electric-powered cable blowing devices are becoming more and more popular as businesses prioritise cutting their carbon footprint and implementing greener solutions. When compared to conventional power sources, these systems provide a more ecologically friendly option, which is in line with international efforts to reduce climate change and promote sustainability. The electric segment is a desirable option for enterprises looking for cutting-edge and environmentally friendly cable installation solutions because of its adaptability, accuracy, and minimal environmental impact.
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Microduct segment is projected to grow at high CAGR of the cable blowing equipment market during the forecast period.
Within the cable-blowing equipment market, the microduct category is expected to increase at a significant rate over the course of the forecast period, with a high compound annual growth rate (CAGR). When it comes to installing and maintaining fibre optic networks, microducts provide a small and effective option that makes it possible to transfer massive amounts of data quickly and smoothly. Growth in the microduct market is primarily driven by the worldwide momentum towards the building of fibre optic networks, especially in urban and metropolitan areas. This growth trajectory is further reinforced by supportive government measures, especially in developing nations where the fiberization of villages is becoming a popular endeavour. For instance, in February 2022, the Indian Department of Telecommunications (DoT) unveiled a bold plan to fiberize 6 lakh villages by the year 2025. The need for cable blowing equipment designed specifically for microduct fibre installations is increased by such initiatives. The microduct market is expected to have substantial growth in the upcoming years as fibre optic networks spread throughout developing economies.
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Noth America is poised for significant growth in the cable blowing equipment market by 2028.
The cable blowing equipment market in North America is expected to increase significantly in the near future due to a number of factors that are influencing the changing telecom environment in the area. The development of 5G technology, the planning of new fibre cable laying projects, the increasing need for low-latency communication solutions, and the increasing consumption of over-the-top (OTT) content are some of the major motivators. As a result, businesses are actively investing in modernising their current networks, with OTT providers placing particular emphasis on growing their infrastructure. Furthermore, North America is a leading centre for technological advancements and is constantly at the forefront of implementing new technology. The strong presence of large corporations, the rising demand for data communications, the growing use of communication devices, and the growing installation of data centres around the region all support this development. When taken as a whole, these variables highlight the market's substantial growth potential for cable blowing equipment in North America, establishing the area as a major force behind the industry's rise.
Cable Blowing Equipment Companies
- Plumettaz S.A. (Switzerland),
- Condux International, Inc. (US),
- CBS Products (KT), Ltd. (UK),
- Fremco (Denmark),
- LANCIER CABLE GmbH (Germany),
- SKYFIBERTECH (Turkey),
- Jakob Thaler GmbH (Germany),
- NINGBO MARSHINE POWER TECHNOLOGY CO., LTD. (China),
- Upcom Telekomunikasyon (Turkey),
- Adishwar Tele Networks (India).
News Covered:
https://www.prnewswire.com/news-releases/cable-blowing-equipment-market-worth-136-million-by-2028---exclusive-report-by-marketsandmarkets-302018222.html
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