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Historical Year
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The Europe wires and cables market size reached approximately USD 49.4 billion in 2023. The market is projected to grow at a CAGR of 3.2% between 2024 and 2032, reaching a value of around USD 66.1 billion by 2032.
Cable manufacturers in Europe are recognised worldwide technology leaders. Manufacturers are increasingly developing wires and cables in line with the sustainability needs to accelerate the grid build-up and secure European manufacturing capability for a sustainable energy transition for the region. The EU has set interconnectivity targets, which were upgraded to 15% for 2030. This implies that a nation must have sufficient installed cable capacity to export about 15% of the electricity produced by the country’s power plants to its neighbours. Such initiatives are significantly aiding the Europe wires and cables market growth.
The telecommunication sector is considered a strategic sector and a key asset to the European economy. In 2022, the European telecom sector witnessed a total investment of EUR 59.1 billion . The telecom sector in Europe is constructing the infrastructures for digital and green transformation while speeding up the technological adoption with 5G, edge computing, cloud, Artificial Intelligence, IoT, and cybersecurity, among others.
Germany is a key player in the European wires and cables market. The presence of renewable energy goals and government support for the transition towards EVs are increasing the demand for wires and cables for power transmission and automotive applications. Moreover, the ongoing Industry 4.0 practices are further necessitating the use of high-tech cables for supporting manufacturing digitisation.
Europe Wires and Cables Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Voltage
Market Breakup by Product
Market Breakup by Material
Market Breakup by End Use
Market Breakup by Country
Manufacturers are increasingly focusing on offering improved products to consumers using advanced materials.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Voltage |
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 49.4 billion in 2023.
The market is estimated to grow at a CAGR of 3.2% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 66.1 billion by 2032.
Germany, the United Kingdom, France, and Italy are the major countries explored in the market report.
The key materials are copper, aluminium, and others.
Low voltage, medium voltage, and high voltage are the three types of voltages for wires and cables.
The products include power cables, building wires, flexible wires, and cables, EHV cables, control/instrumentation cables, and others.
The major players in the market are Nexans S.A., Prysmian S.p.A, Furukawa Electric Co. Ltd., Leoni AG, KEI Industries Limited, Cable Harnesses UK Ltd., Sumitomo Electric Industries, Ltd., Heatsense Cables Limited, Tratos Cavi S.p.A, and Cleveland Cable Company, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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