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In the past two decades, the role of wires and cables has become paramount in transmitting signals, power, and payloads. Wires and cables are used across various industries, with the growth of this market sector being primarily driven by the IT and telecom sector. Besides the IT industry, wires and cables are widely used in commercial, industrial, as well as residential applications. 


While there have been several advancements in this sector, the dynamics of the cable and wire industry have become more complex because of the volatile prices of raw materials that go into the manufacture of these products. Another aspect that accentuates the complexity of this industry is the presence of a large number of small and large players that vie for a larger share in the market.


Among the biggest consumers of cables and wires are the large telecom operators as well as power supply companies that demand several tons of these products each year.


According to market research data by Transparency Market Research, the global market for wires and cables is likely to reach a value of USD 190 billion by the end of 2018, and is expected to register a CAGR of 8.9% between 2012 and 2018. 


 The cable and wires market is primarily segmented based on application into telecommunication cables and power cables. The fastest growing segment within this is the telecommunication cables segment that will likely register a CAGR of 11.1% between 2012 and 2018.


For in-depth intelligence about the cable and wire industry, ResearchMoz.us recommends that you browse through the various market research reports on our website. Our database of the most pertinent and regularly updated market research reports is certainly among the best in the industry. We have earned a veritable reputation for collaborating with only the best publishers in the industry to bring you reports that are reliable, genuine and offer maximum value for your investment.

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