Cable Blowing Equipment Market To Generate $150.3 Million Revenue by 2030
- Published: November 2023
The cable blowing equipment market size is expected to advance at a CAGR of 4.6% during 2024–2030, to reach USD 150.3 million by 2030. This can be ascribed to the increasing usage of fiber optic cables in data centers and the telecommunication industry and the surging innovations in new optical connections.
The rising number of data centers globally is one of the factors influencing the demand for cable-blowing equipment, as every data center begins with fiber optic connections. The extensive development of cloud and edge computing are two of the many factors that are increasing the number of data centers. Fiber optic cables provide many advantages over traditionally used copper cables, such as exceptional bandwidth, low distortion over long distances, less attenuation, reduced bulk, and isolation from electromagnetic interference (EMI) and electrostatic discharge (ESD).
Moreover, as copper is reaching its technical limits, fiber optic cables are opening a window to support the data transmission demands in the future. This will result in the high adoption of fiber interconnects within different applications. Also, various innovations in fiber bend radius, durability, and loss characteristics in addition to new laser sources and modulators, are making fiber a better substitute for copper in selected applications.
According to government sources, high-speed fiber connections are becoming the primary fixed broadband technology, which is being used in 19 out of 38 OECD countries with 15 countries having a share of over 50% of total broadband connections. Fiber broadband subscriptions across OECD countries experienced a rise of around 12% from 2021 to 2022. Countries like Japan, Spain, and Korea experienced the highest penetration rate of fiber connections around 84%, 81%, and 87%, respectively. Thus, due to the increasing number of fiber broadband subscribers, the demand for cable-blowing equipment is increasing at a significant rate.
Europe Holds the Second-Largest Market Share
Europe held the second-largest market share, in 2023. This is due to the presence of a large number of data centers and the increasing investments in the improvement of telecommunication infrastructure in the region.
According to various government sources, in 2021, the total capital investment in telecom reached around USD 61 billion (EUR 56.3 billion). Also, at the end of 2022, 55.6% of the European population had access to fiber-to-the-home (FTTH) networks, up from 50% in 2021, and this percentage is increasing at a steady rate. Additionally, as per an international government organization, 10 out of the top 15 countries in respect to the percentage of fiber broadband subscriptions are from Europe, out of which Spain, Sweden, and Lithuania are some of the top countries with a percentage of around 81%, 79%, and 78%, respectively. Thus, these factors boost the market for cable-blowing equipment.
On the other hand, the APAC market will increase at a significant rate during the forecast period. This can be due to the increasing investments toward high-speed internet connections and the increasing number of data centers in many major countries like China, India, Singapore, and Japan.
The major cable blowing equipment market players are Plumettaz S.A., Condux International Inc., General Machine Products (KT) LLC, Fremco A/S, LANCIER CABLE GmbH, Stanlay, Jakob Thaler GmbH, and Upcom Telekomunikasyon.