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Wires and Cables Market Size, Share, and Analysis, By Cable Type (Low Voltage Energy, Fiber Optic Cable, and Signal & Control Cable Source), By Voltage (Low, Medium, High, and Extra-High), By Installation (Overhead and Underground), By End-User (Construction (Residential & Commercial), Telecommunications (IT & Telecom), Power Infrastructure (Energy & Power, Automotive)), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

May 2024 | 352 pages | ID: W08612A9F1D1EN
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Wires and Cables Market Size, Share, and Analysis, By Cable Type (Low Voltage Energy, Fiber Optic Cable, and Signal & Control Cable Source), By Voltage (Low, Medium, High, and Extra-High), By Installation (Overhead and Underground), By End-User (Construction (Residential & Commercial), Telecommunications (IT & Telecom), Power Infrastructure (Energy & Power, Automotive)), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Wires and Cables Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 202.5 billion and is projected t%li%reach USD 360.6 billion by the completion of 2034.

Wires and cables are fundamental components in electrical and communication systems, which enable the transmission of electricity, along with data and signals. Wires are typically made of materials such as copper or aluminum and come in variety of gauges t%li%suit different electrical loads. They are single conductors which are designed t%li%effectively carry electrical current within circuits. Cables, on the other hand, consist of multiple wires that are grouped together and protected by insulation or sheathing. Cables offer better durability, combined with flexibility and shielding against interference, making them ideal for complicated connections. Additionally, they serve different purposes such as power distribution, telecommunications, networking, and audiovisual transmission. Thus, wires and cables are integral t%li%modern infrastructure, and assist in facilitating the smooth transfer of energy and information across vast distances. They are indispensable elements in our technological ecosystem, which is essential for sustaining and advancing our interconnected world.

MARKET HIGHLIGHTS

Wires and Cables Market is projected t%li%reach USD 360.6 billion over the forecast period, driven by aspects such as increasing urbanization, coupled with industrialization and global infrastructure development. The rising demand for electricity, telecommunications, and internet connectivity are major growth factors across emerging economies where urban expansion and infrastructure investments are rampant. Additionally, the market is benefiting from the growing adoption of renewable energy sources including wind and solar power, which need extensive cabling for transmission. Improvements in technology, such as the development of high-performance and energy-efficient cables, are als%li%contributing t%li%the growth. However, challenges such as fluctuating raw material prices and environmental regulations exist for industry participants. Therefore, the wires and cables market offer promising opportunities in sectors such as smart grid infrastructure, telecommunications networks, renewable energy projects, and industrial automation, which will continue t%li%attract innovation and investment.

Wires and Cables Market Segments:
  • By Cable Type
  • Low Voltage Energy
  • Fiber Optic Cable
  • Signal & Control Cable Source
  • By Voltage
  • Low
  • Medium
  • High
  • Extra-High
  • By Installation
  • Overhead
  • Underground
  • By End-User
  • Construction (Residential & Commercial)
  • Telecommunications (IT & Telecom)
  • Power Infrastructure (Energy & Power, Automotive)
MARKET DYNAMICS

Growth Drivers

Technological Advancements will Create Growth Opportunities

Infrastructure Development will Lead t%li%Market Expansion

Restraint

Fluctuating Raw Material Prices Could Impede Industry Growth

Key Players
  • Prysmian Group
  • Nexans
  • Southwire Company
    • Sumitom%li%Electric Industries, Ltd.
  • Furukawa Electric Co., Ltd.
  • Leoni AG
  • Belden Inc.
  • Fujikura Ltd.
  • General Cable Corporation
  • Jiangnan Group Limited
  • LS Cable & System
  • KEI Industries Limited
  • Finolex Cables Ltd.
  • Cables de Comunicaciones
  • Prysmian Cables & Systems Australia Pty Ltd
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Wires and Cables Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Wires and Cables Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.WIRES AND CABLES MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.WIRES AND CABLES MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. WIRES AND CABLES MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1. By Cable Type
    11.3.1.1. Low Voltage Energy
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Fiber Optic Cable
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Signal & Control Cable Source
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Voltage
    11.3.2.1.Low
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Medium
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. High
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Extra-High
      11.3.2.4.1.By Value (USD Million) 2024-2034F
      11.3.2.4.2. Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Installation
    11.3.3.1.Overhead
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Underground
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By End-User
    11.3.4.1.Construction
      11.3.4.1.1. Residential & Commercial
        11.3.4.1.1.1.By Value (USD Million) 2024-2034F
        11.3.4.1.1.2. Market Share (%) 2024-2034F
        11.3.4.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Telecommunication
      11.3.4.2.1.IT & Telecom
        11.3.4.2.1.1. By Value (USD Million) 2024-2034F
        11.3.4.2.1.2.Market Share (%) 2024-2034F
        11.3.4.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Power Infrastructure
      11.3.4.3.1.Energy & Power
        11.3.4.3.1.1. By Value (USD Million) 2024-2034F
        11.3.4.3.1.2.Market Share (%) 2024-2034F
        11.3.4.3.1.3.Y-o-Y Growth (%) 2024-2034F
      11.3.4.3.2. Automotive
        11.3.4.3.2.1.By Value (USD Million) 2024-2034F
        11.3.4.3.2.2. Market Share (%) 2024-2034F
        11.3.4.3.2.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA WIRES AND CABLES MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Cable Type
  12.3.2. By Voltage
  12.3.3. By Installation
  12.3.4. By End-User
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE WIRES AND CABLES MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Cable Type
  13.3.2. By Voltage
  13.3.3. By Installation
  13.3.4. By End-User
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC WIRES AND CABLES MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Cable Type
  14.3.2. By Voltage
  14.3.3. By Installation
  14.3.4. By End-User
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA WIRES AND CABLES MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Cable Type
  15.3.2. By Voltage
  15.3.3. By Installation
  15.3.4. By End-User
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA WIRES AND CABLES MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Cable Type
  16.3.2. By Voltage
  16.3.3. By Installation
  16.3.4. By End-User
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Prysmian Group
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Nexans
18.3. General Cable Corporation
18.4. Southwire Company
18.5. LS Cable & System
18.6. Sumitomo Electric Industries, Ltd.
18.7. Furukawa Electric Co., Ltd.
18.8. Leoni AG
18.9. Belden Inc.
18.10.Fujikura Ltd.
18.11.Jiangnan Group Limited
18.12. KEI Industries Limited
18.13. Finolex Cables Ltd.
18.14.Cables de Comunicaciones
18.15. Prysmian Cables & Systems Australia Pty Ltd
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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