The multicore cable is bundled together with a single wire and performs different functions includes power, data transmission and AV elements inside a single cable sheath.
New York, NY -- (SBWIRE) -- 08/31/2017 -- The demand for multicore cable is driven by its varied uses in automotive and construction industry. The multicore cables are easy to handle and use and highly flexible and installed quickly. The multicore cables are used for different radio and electrical purposes and help to transmit data from one point to another. Increase in demand for multicore cables, owing to high investment in infrastructure leads to drive the multicore market in the near future.
Moreover, the chances of loss in data are very less and move current faster. Further, multicore cables. Further, the rise in the development of infrastructure in developing regions such Asia Pacific leads to increase demand for multicore cables. However the continuous developments and up gradation of the manufacturing company of multicore cable to extend the life which can be a restraint to multicore cable market.
The global multicore cables market is segmented into seven regions includes North America, Latin America, Eastern Europe, Western Europe, Japan, and Asia Pacific excluding Japan, and The Middle East and Africa. Among all regions, Asia Pacific region is contributing majorly to the growth of multicore cables market followed by Latin America.
Moreover, Asia Pacific excluding Japan is the dominating market for multicore cables as the infrastructure is increasing in developing countries like China and India. Japan is also contributing the multicore cable market. North America has a significant market share in the global multicore market owing to its boom in the automotive market. The Middle East and Africa is at emerging stage in the multicore cable market and is expected to increase in CAGR in the anticipated period.
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The prominent players of the global multicore cables are: Relemac Technologies Pvt. Ltd, Centurion Power Cables Pvt. Ltd., Bhuwal Cables Limited, KCL Cable Limited, Cabcon Technologies Pvt Ltd, Hitex Plus, Gem Cables, Doha Cables, Bambach wires and cables.
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