A compound annual increase of 5.28% in the use of cables for global railway systems from 2021 to 2025

Industry News

According to a report released by Technavio, an international market research organization, the global railway system cable market is expected to grow by US$2.27 billion between 2021 and 2025, with a compound annual growth rate of 5.28% during the period.

The railway system cables in the report include power cables, as well as signal and communication cables, and are compared and analyzed according to the five major regions of Asia Pacific, Europe, North America, the Middle East and Africa, and South Africa.

The report believes that during the forecast period, 46% of the market's growth will come from the Asia-Pacific region. China and Japan are the main markets for railway cables in the Asia-Pacific region. The market growth in this region will be faster than the market growth in other regions.

We, UME Cable, as a manufacturer, our qualified cable and wire products have reached out more than 50 countries. We also got involved in all kinds utility tenders global wide in more than 80 countries, not only as a bidder, but as a supplier of the bidder winner, or a co-operator, technical consult of the local energy authorities.

We commit ourselves to be the most customer-centric cable and wire company with our solid technology, enthusiastic services and robust products.

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A compound annual increase of 5.28% in the use of cables for global railway systems from 2021 to 2025