"The Asian market has shown rapid growth, reaching US$1.8 billion in 2010," says Integer Research Director, Philip Radbourne. "Prysmian, Nexans, Leoni and General Cable dominate the market for specialty industrial cables. General Cable dominates North American, whilst Prysmian, Nexans and Leoni have expanded their operations from Western Europe into Asia."
There are also a number of other producers of specialty cable, from Lapp, LS Cable, Fujikura, Furukawa Electric, through to TMC, Hien Electric, and Habia Cable. These companies have built market share in their niche products area on a regional basis. The same is true of leading Chinese shipboard cable maker Yuanyang (Yangzhou Marine Cable)
"North America and Western Europe have shown the highest growth rates in the renewables markets - wind turbines and solar farms. However, Asia has been showing impressive growth in a range of end-use sectors. This certainly may explain Nexans and Prysmian's strategy of moving into the Middle East and Asia," says Sebastien Chu Ti, analyst at Integer Research.
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