Smart Cities and Internet of Things (IoT) Are Expected To Boost the Demand for Wire and Cable Label
The label attached to wire or cable for determining function and technical specification is known as wire and cable label. Wire and cable label has broad applications in data centers and telecommunication industry due to the need for specific identification systems in repairing or replacing activity. Evolving information technology and telecommunication industry are expected to promise high market opportunity for key players of the wire and cable label market. The wire and cable label entirely depends upon the type of wire or cable and location where wire or cable is to be installed. Saving of cost and labor in repairing and replacing is possible owing to the use of proper wire and cable labeling system. Regulations for wire and cable labeling has a high influence on the manufacturing of wire and cable labels.
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Telecom and Data Center Industry Growth Is Projected to Drive the Market of Wire and Cable Label
Global telecommunication market is expected to witness an impressive growth owing to enormous growth in urbanization and easy access of technology to all individuals. The wide network of telecommunication technology is spreading rapidly which creates need for more installation centers. Wire and cable labeling system provides great benefits to data centers by minimizing unnecessary downtime and focusing on other initiatives. Wire and cable labels are withstanding in extreme environmental conditions and high-temperature areas which makes it highly suitable to use in data centers and electrical applications. Wire and cable markers and printers are helping to improve the market of labels and tags owing to efficient coding system. The wire and cable labeling printers are helpful to marking labels on existing wire or cable systems.
China and India Are Expected to Create Ample Opportunities for Wire and Cable Label Market
Owing to improved regulations and increasing number of data and communication centers, the United States is estimated to be a prominent country for wire and cable label market. North America is playing key role in the development of wire and cable label and marking or printing system. In Asia Pacific wire and cable label market, China and India are anticipated to be emerging marketplace due to the increasing focus on smart cities and adoption of the internet of things in industries and governance. Moreover, increased demand for wire and cable label is welcoming European and North American key players to introduce their products in Asia Pacific wire and cable label market. Existing packaging labels and tags manufacturers are expected to be potential new entrants in the wire and cable label market. In European wire and cable label market, Germany and Italy are expected to be most prominent countries owing to the adoption of IoT in manufacturing industries. Latin America is expected to witness sluggish growth in wire and cable market. GCC countries are projected to register fast paced growth owing to development of smart cities.
Global Wire and Cable Label Market: Segmentation
The global wire and cable labels are segmented by material, printing technology, product type, and end-use.
On the basis of material, the global wire and cable label market is segmented into:
- Stainless Steel
On the basis of printing technology, the global wire and cable label market is segmented into:
- Thermal Transfer Printing
- Laser Printing
- Ink Jet Printing
- Dot Matrix Printing
- Hand Writeable Printing
On the basis of product type, the global wire and cable label has been segmented into:
- Heat Shrink Sleeves
- Wrap Around Labels
- Self-laminating Labels
- Cable Flags
- Non-Adhesive Tags
On the basis of end-use, the global wire and cable label has been segmented into:
- Building and Construction
- Electronics and Telecommunication
- Data Centers
- Other Industrial
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Global Wire and Cable Label Market: Key Players
Some of the key players operating in the global wire and cable label market are as follows:
- Brady Worldwide Inc.
- ZipTape Label ID Systems
- Panduit Corp.
- 3M Company
- Cable Label Co. Ltd.
- HellermannTyton Corporation
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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