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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Insulated Wire and Cable Market Outlook
The global insulated wire and cable market rise crossed a value of nearly USD 200.34 billion in 2023. The market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 5.5% to reach about USD 324.39 billion by 2032.
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Asia Pacific to Hold a Substantial Market Share of Insulated Wire and Cable
The Asia Pacific region is likely to augment the global insulated wire and cable market share during the forecast period. This is on account of the increasing demand for light, power, and communication in countries such as Japan, China, and India. There is rapid industrialisation, infrastructural developments such as residential, commercial, and industrial buildings, tunnels, tunnel-lighting railways, and signalling along with the application of smart grid technology. All these factors are anticipated to fuel the market growth of insulated wire and cable across the Asia Pacific region.
Based on end-use, the telecommunication segment accounts for significant market growth across the globe on account of the development of network establishment and data centres. Telecommunication cables are generally made from PE owing to its good insulation characteristics which is further influencing the demand for the segment.
Insulated Wire and Cable Market Segmentation
An insulated wire or cable is commonly utilised in equipment like fire alarms, heating devices, automobiles, and others that need safety at a high operating temperature. The effectiveness as well as safety of the wire depends on its insulation. An insulated cable of this category is generally moulded by a conductor, which is coated with heat resilient organic resin like fluororesin.
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The insulated wire and cable market, by material, is divided into:
- Metal
- Optic Fibre
- Plastic
The market can be broadly categorised on the basis of installation segments into:
- Submarine
- Underground
- Overhead
Based on voltage, the market is segmented into:
- High Voltage
- Medium Voltage
- Low Voltage
By end-use, the market is segmented into:
- Energy and Power
- Electronics
- Telecommunication
- Automotive
- Construction
- Others
The EMR report looks into the regional markets of insulated wire and cable like Latin America, North America, Europe, Asia Pacific, the Middle East, and Africa.
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Infrastructural Development to Propel the Market Growth for Insulated Wire and Cables
A growing population along with the surging demand for electricity, and emerging economies are driving the growth of the global insulated wire and cable market. With growing urbanisation and escalating investments in infrastructure and construction projects, there is development in financing and impact of technology. The need for resilience and sustainability, is likely to boost the market growth of insulated wire and cable across the globe over the forecast period.
Technological advancements along with the growing trend for intensified networking and miniaturisation are likely to influence the market across the globe as digitalisation shifts the connection technology environment. Moreover, the trend for system solutions and the production is becoming more modular and flexible which is further boosting the market growth of insulated wire and cable globally.
Key Players in the Global Market for Insulated Wire and Cable
The report presents a detailed analysis of the following key players in the global insulated wire and cable market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABL Electronic Supplies, Inc.
- Belden Inc.
- Carlisle Companies Incorporated
- CommScope, Inc.
- Finolex Cables Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| 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:
|
| Breakup by Material |
|
| Breakup by Installation |
|
| Breakup by Voltage |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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Insulated Wire and Cable Market Report Snapshots
Insulated Wire and Cable Market Size
Insulated Wire and Cable Market Share
*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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Key Questions Answered in the Report
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 324.39 billion by 2032.
In 2023, the global market attained a value of nearly USD 200.34 billion.
The market is assessed to grow at a CAGR of 5.5% between 2024 and 2032.
The major market drivers are growing urbanisation, surging demand for electricity and power, and innovative marketing strategies by market players.
The key market trends guiding the growth of the market include the growing adoption of insulated wire and cable in various applications, technological advancements, and infrastructural development.
The major regions in the market are Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa.
The various types that are available in the market are metal, optic fibre, and plastic.
The different installations available for insulated wire and cable include submarine, underground and overhead.
The different voltages in the market are high voltage, medium voltage, and low voltage.
The major market divisions, based on end-use, include energy and power, electronics, telecommunication, automotive, and construction, among others.
The major players in the market are ABL Electronic Supplies, Inc., Belden Inc., Carlisle Companies Incorporated, CommScope, Inc., and Finolex Cables Ltd., among others.
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