Products manufactured and distributed by the wire and cable manufacturing industry, such as nonferrous wires, telecom wires, and fiber optic cables, are essential to operations across various markets, including construction, telecommunications, consumer goods, and utilities. Among others, these industries are facing growth in light of the Industry 4.0 technology revolution, and consequently is the total market value of wire and cable manufacturing operations. In response to the changing market trends, the cable and wire manufacturing industry is leveraging several new technologies to enhance critical operations.
For example, fast-charging cables are enabling consumers to significantly reduce charging times (by approximately 30 minutes) and helping smartphone manufacturers offload more phones to new customers. On the other hand, fire-resistant wires, with their ability to limit both the spread of fire and the release of toxic gas, are finding increasing use in new large residential, commercial, and manufacturing buildings. In addition, wire and cable customization services are prompting manufacturers to provide tailored products. Consequently, manufacturers of custom wire, cable, and wire harnesses are receiving an uptick in customer interest.
Besides, the push for the integration of Industry 4.0 technology has led to the adoption of increasingly complex equipment and systems that is necessitating the use of durable and reliable components, including cables. Manufacturers are seeking cables that can withstand stresses, such as abrasion, bending, and fast operating speeds. But that being said, as awareness builds around environmental protection and sustainability, more and more businesses are striving to eliminate the emission of potentially hazardous chemicals and increase the use of natural and recyclable products.
As many of these trends are set to nurture the wire and cable industry’s growth, Manufacturing Outlook has compiled a list of leading wire and cable firms at the top of their game. The enlisted organizations are transforming networking processes and operations at the convergence of several disruptive technologies, solutions, and services. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Manufacturing Outlook’s “Top 10 Wire and Cable Solution Providers – 2020.”