Technavio, a tech-focused market research firm, has published a new report on the global cleanroom cables market, which is expected to grow at a CAGR of more than 5% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global cleanroom cables market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global cleanroom cables market are elaborated below:
Cleanroom cables market in APAC: Factors such as the prominence of the electronics and semiconductor industries in the region and an increase in investment toward the pharmaceutical industry are the key driving forces behind the high demand for cleanroom cables in the APAC region. The presence of many flat-panel display manufacturers in the region also provides immense opportunities for growth of the market. China, Japan, Taiwan, South Korea, and India are the key revenue contributing countries in the cleanroom cables market in APAC.
According to Thanikachalam Chandrasekaran, a lead analyst at Technavio, specializing in research on power, “The increase in fab equipment spending will drive the market for cleanroom cables in APAC over the next four years. The need to change and replace the existing cables with new higher voltage cables for the new equipment will also contribute to market growth.”
Cleanroom cables market in the Americas: The major markets for cleanroom cables are in the US and Canada. The biopharmaceutical sector witnesses extensive R&D investments in the US. Furthermore, Canada is a potential market for cleanroom cables as most of the manufacturing companies are shifting from the US to Canada, owing to attractive government policies and for ease of transportation to another potential market such as the US and Europe.
Cleanroom cables market in EMEA: EMEA has a good presence of the pharmaceutical industry that generates a significant portion of the revenue in the region. Europe is the leading geography in EMEA that generates around 80% of the overall revenue of EMEA in the global cleanroom cable market. According to Technavio’s market research analysts, the cleanroom cables market in EMEA is expected to grow at a slower pace compared with other regions as manufacturers of pharmaceutical products are shifting their manufacturing and research centers to developing countries like India and China.
The leading vendors operating in the global cleanroom cables market are:
- Alpha Wire
- Igus
- LEONI
- SAB Bröckskes
Other prominent vendors in the market include Cicoil, W. L. Gore & Associates, and HELUKABEL.
A more detailed analysis is available in the Technavio report titled, ‘Global Cleanroom Cables Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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