The European structured cabling market was valued at USD 11.16 billion last year and is expected to reach a value of USD 17.94 billion by the end of the forecast period by registering a CAGR of 7.24% during the forecast period. The increasing demand for connected IoT devices, growing investment in data centers and communication infrastructure, and the increasing acceptance of cloud services across various end-user industries are among the key factors driving the studied market growth.
Europe's Structured Cabling Market is fragmented due to several players' presence. Major players are adopting various strategies, such as new product launches, joint ventures, partnerships, collaborations, partnerships, and acquisitions, to increase their footprints in this market and sustain it in the long run. Some key players in the market are Belden Inc., The Siemon Company, Corning Incorporated, Commscope, Inc., Anixter, Inc., and many more.
In December 2022, the Arctic data cable linking project, which was expected to link Europe to Japan, received its first investment of about EUR 1.1 billion (USD 1.5 billion) from a consortium of investors. This subsea cable was expected to be the first to be laid in the Arctic seabed, and it was responsible for internet connectivity in the affected areas.
In September 2022, W. L. Gore & Associates (Gore) announced the addition of a new European distributor for its high-speed data cables. According to the company, A.E. Petsche Company was to be its new qualified distributor for the European region. This partnership was part of the company's expansion plans in the European region.
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