Wires and Cables Market in 2019

Wires and Cables Market in 2019

According to a new report, the global wires and cables market size reached a value of nearly $136.7 billion in 2018, having grown at a compound annual growth rate (CAGR) of 3% since 2014, and is expected to grow at a CAGR of 6.2% to nearly $173.5 billion by 2022.

Growth so far resulted from the rise in electricity consumption, renewal of power transmission networks, growth in the automobile industry, and economic growth in emerging markets. Factors that negatively affected growth were volatility in metal prices and regulatory challenges. Going forward, the increasing popularity of Ethernet, growing medical devices industry, and advances in communications technology will drive growth. Factors that could hinder the growth of the wires and cables market in the future are the expected reductions in free trade and rising interest rates.

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About the author

Dr. Mariana Damova is the CEO of Mozaika, a company providing research and solutions in the field of data science, reasoning with natural language semantics, and natural human computer interfaces, creativity enhancing applications, and research infrastructures for the humanities. Previously, she was a Business development Manager and a Knowledge Management Expert specializing in ontology engineering and linked data management at a world leading technology provider. She was instrumental in the successful winning and knowledge modelling of large data integration and management projects such as the Semantic Knowledge Base for The National Archive of the United Kingdom and Research Space for the British Museum, as well as European FP7 projects such as Europeana Creative and Multisensor. Her work focuses on the design and development of data integration infrastructures which allow efficient querying, access and navigation over linked data. She has managed the building of the official experimental Europeana SPARQL endpoint holding Europeana semantic data. Mariana holds a PhD from the University of Stuttgart and teaches semantic technologies and multimedia at the New Bulgarian University in Sofia. She regularly reviews books and articles for ACM ComputingReviews.com and has authored books and scientific articles in linguistics and semantic technologies. She has successfully lead international interdisciplinary teams and projects carrying technological risks, driven and managed change in engineering and operational contexts in North America and in Europe, and acquired the ability to leverage marketing requirements with knowledge intense technological solutions.

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