Cable Blowing Equipment Market Poised for Remarkable Growth, Reaching $136 Million by 2028


Posted March 26, 2024 by avinashgogawale14

With a compound annual growth rate (CAGR) of 4.7%, the Cable Blowing Equipment Market Size is likely to rise from its estimated USD 108 million in 2023 to USD 136 million by 2028.
 
According to the research "Cable Blowing Equipment Market," the global market for cable blowing equipment is expected to increase significantly over the next several years. The market expects it to grow at a Compound Annual Growth Rate (CAGR) of 4.7% from USD 108 million in 2023 to an estimated USD 136 million by 2028. Numerous factors, including the growing need for effective and fast communication networks, especially in North America, Europe, Asia Pacific, and the Rest of the World, are responsible for this growth trajectory. Drill-driven systems, electricity, hydraulics, and pneumatics are just a few of the various mechanisms that will drive the growing need for cable blowing equipment as telecommunications infrastructure and fibre optic cable deployment to support advanced communication technologies continue to expand. These equipment types meet different requirements in different parts of the world by accommodating different cable kinds, such as microduct and standard cable. The global market for cable blowing equipment is expected to be crucial in enabling the smooth growth of connection infrastructure as telecommunications continue to advance and grow.

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The market for cable blowing equipment has grown as a result of the deployment of FTTH/FTTB networks, the upgrading of ageing cable networks, and the extension of fibre optic networks, which are all driven by different sources. The quick uptake of 5G technology and the development of the telecom infrastructure in developing nations have also fueled industry expansion. These advancements are a reflection of the growing need for dependable and fast communication networks to handle the modern society's demands for digital connectivity and ever-increasing data traffic. Therefore, cable blowing equipment is essential to the smooth installation and upkeep of fibre optic cables, allowing telecoms operators to effectively handle the challenges of digital transformation and adapt to the changing needs of their clients.

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By Power Type, the electric segment is projected to grow at high CAGR of the cable blowing equipment market during the forecast period.

In the upcoming years, the market for cable blowing equipment is expected to see substantial expansion in the electric segment. The growing emphasis on environmentally friendly and sustainable solutions across industries is the main factor driving this increase in demand. In comparison to conventional alternatives, electric-powered cable blowing systems provide a cleaner and more energy-efficient solution, which is in line with international campaigns encouraging environmental responsibility. Industry concentration on implementing green technology is expected to result in a significant increase in demand for the electric segment, which will propel its growth trajectory. Electric cable blowing equipment is favoured for contemporary cable installation requirements due to its adaptability, accuracy, and smaller environmental impact.

Microduct segment is projected to grow at high CAGR of the cable blowing equipment market during the forecast period.

Over the course of the forecast period, the cable-blowing equipment market is expected to witness substantial expansion in the microduct segment. When it comes to installing and maintaining fibre optic networks, microducts provide a small and effective option that makes it possible to transfer massive amounts of data quickly and smoothly. The key driver of the growth of the microduct category is the global trend towards the building of fibre optic network infrastructures, especially in metropolitan areas and urban areas. The growth prospects of this category are further enhanced by encouraging government programmes that are designed to encourage the building of fibre optic networks in developing nations. For example, the adoption of cable blowing equipment for microduct fibre installations is projected to be driven by initiatives like the fiberization plan launched by the Department of Telecommunications (DoT), Government of India, in February 2022, which seeks to fiberize 6 lakh villages by 2025. The microduct market is expected to grow strongly over the course of the projected period due to the continued development of fibre optic networks throughout emerging nations.

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Noth America is poised for significant growth in the cable blowing equipment market by 2028.

The market for cable blowing equipment in North America is expected to increase significantly over the next several years due to a number of important factors. Because of the growing need for greater bandwidth capacities, the introduction of 5G technology, and the rising consumption of over-the-top (OTT) content, the region is seeing a boom in new fibre cable laying projects. Additionally, the increasing demand for low-latency communication solutions is driving network upgrades, especially for over-the-top (OTT) providers that are concentrating on building out their infrastructure. North America is a leading hub for technical advancements and frequently adopts cutting-edge technologies first. The strong presence of large corporations in the area, together with the rising demand for data communications and the widespread use of communication devices, all support the market's projected expansion. Furthermore, the increasing construction of data centres in North America is propelling the need for cable blowing equipment, establishing the area as a major force behind the market's growth.

Key companies operating in the cable blowing equipment market are Plumettaz S.A. (Switzerland), Condux International, Inc. (US), CBS Products (KT), Ltd. (UK), Fremco (Denmark), LANCIER CABLE GmbH (Germany), SKYFIBERTECH (Turkey), Jakob Thaler GmbH (Germany), NINGBO MARSHINE POWER TECHNOLOGY CO., LTD. (China), Upcom Telekomunikasyon (Turkey), and Adishwar Tele Networks (India).

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Last Updated March 26, 2024