Product Code: GVR-2-68038-704-9
Wires And Cables Market Growth & Trends:
The global wires and cables market size is expected to reach USD 281.64 billion in 2030 and is projected to grow at a CAGR of 4.1% from 2024 to 2030. Wires and cables are one of the essential components of infrastructure development across the world. The growing emphasis on investments and government initiatives to generate power from renewable sources has enforced the adoption of wires and cables across the globe. Increasing funds in the upgradation of infrastructure and the demand for refined power transmission and distribution systems are the key factors driving the market in the forecast period.
Infrastructure development, modernization, and upgradation of infrastructure such as railways, tunnels, tunnel-lighting and signaling; commercial, residential, and industrial buildings; and implementation of smart grid technology is expected to drive the global market. Sectors such as defense, aerospace, and telecom are moving towards new infrastructure and construction, which increases the demand for cables and wires across the globe. Technological upgrades require various services, such as internet access and communication. Expansions and upgrades will directly increase the demand for cables such as communication cables, instrumentation cables, Ethernet cables, and others.
The government initiatives in rural electrification also play a vital role in the growth of the overall market. Rural electrification entails actions, including setting electricity infrastructure, improved communication, and providing connectivity to households. Rural electrification is anticipated to drive the demand for wires and cables in the coming years.
For instance, according to the Ministry of Power- Government of India, 26.3 million homes below the poverty line have been electrified under the Rural Electrification section of Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY). Smart grids diminish the general cost incurred in traditional systems, including the operational cost encountered due to loss of power. It also lowers the pressure on energy prices and total customer bills. The Indian government, under the ""Make in India"" campaign, had targeted the installation of 130 million smart meters in 2021 under Smart City Initiatives. The installation was done at the consumer base, where the monthly consumption is above 200 units by 2019. There are various steps taken by the government in other countries, such as the U.S., to encourage the smart grid's implementation.
Wires And Cables Market Report Highlights:
- The extra-high voltage segment emerged as the fastest-growing segment over the forecast period.
- The overhead installation segment accounted for the largest revenue during the forecast period. Overhead installation technique is the most widely used approach across the world.
- The Asia Pacific region dominates the global wires and cables market, largely due to rapid industrialization, urbanization, and infrastructure development in countries such as China and India
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Wires and Cables Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Opportunities
- 3.2.4. Industry Challenges
- 3.3. Wires and Cables Market Analysis Tools
- 3.3.1. Porter's Analysis
- 3.3.2. PESTEL Analysis
Chapter 4. Wires and Cables Market: Voltage Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Wires and Cables Market: Voltage Movement Analysis, 2022 & 2030 (USD Million)
- 4.3. Low Voltage
- 4.3.1. Low Voltage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Medium Voltage
- 4.4.1. Medium Voltage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. High Voltage
- 4.5.1. High Voltage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Extra High Voltage
- 4.6.1. Extra High Voltage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Wires and Cables Market: Installation Size Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Wires and Cables Market: Installation Size Movement Analysis, 2022 & 2030 (USD Million)
- 5.3. Overhead
- 5.3.1. Overhead Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Underground
- 5.4.1. Underground Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Wires and Cables Market: End use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Wires and Cables Market: End use Movement Analysis, 2022 & 2030 (USD Million)
- 6.3. Aerospace & Defense
- 6.3.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Building & Construction
- 6.4.1. Building & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Oil & Gas
- 6.5.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Energy & Power
- 6.6.1. Energy& Power Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. IT & Telecommunication
- 6.7.1. IT & Telecommunication Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Automotive
- 6.8.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Others
- 6.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Wires and Cables Market: Regional Estimates & Trend Analysis
- 7.1. Wires and Cables Market Share, By Region, 2022 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Mexico Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. KSA
- 7.6.2.1. KSA Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Wires and Cables Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. Belden Inc.
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Encore Wire Corporation
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Finolex Cables.
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. Fujikura Ltd.
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Furukawa Electric Co., Ltd.
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. KEI Industries Limited.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. LEONI AG
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. LS Cable & System Ltd.
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Nexans
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. NKT A/S
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments
- 8.7.11. Prysmian S.p. A
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Recent Developments
- 8.7.12. Sumitomo Corporation
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Product Benchmarking
- 8.7.12.4. Recent Developments
- 8.7.13. Southwire Company, LLC
- 8.7.13.1. Participant's Overview
- 8.7.13.2. Financial Performance
- 8.7.13.3. Product Benchmarking
- 8.7.13.4. Recent Developments
- 8.7.14. Amphenol TPC.
- 8.7.14.1. Participant's Overview
- 8.7.14.2. Financial Performance
- 8.7.14.3. Product Benchmarking
- 8.7.14.4. Recent Developments
- 8.7.15. American Wire Group
- 8.7.15.1. Participant's Overview
- 8.7.15.2. Financial Performance
- 8.7.15.3. Product Benchmarking
- 8.7.15.4. Recent Developments
- 8.7.16. CommScope, Inc.
- 8.7.16.1. Participant's Overview
- 8.7.16.2. Financial Performance
- 8.7.16.3. Product Benchmarking
- 8.7.16.4. Recent Developments
- 8.7.17. Eaton Corporation
- 8.7.17.1. Participant's Overview
- 8.7.17.2. Financial Performance
- 8.7.17.3. Product Benchmarking
- 8.7.17.4. Recent Developments
- 8.7.18. Shanghai Shenghua Cable (Group) Co., Ltd.
- 8.7.18.1. Participant's Overview
- 8.7.18.2. Financial Performance
- 8.7.18.3. Product Benchmarking
- 8.7.18.4. Recent Developments
- 8.7.19. TE Connectivity
- 8.7.19.1. Participant's Overview
- 8.7.19.2. Financial Performance
- 8.7.19.3. Product Benchmarking
- 8.7.19.4. Recent Developments