Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Wires and Cables Market Outlook
The global wires and cables market reached a value of USD 275.62 billion in 2023 and is expected to grow at a CAGR of 3.5% over the forecast period of 2024-2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The main factors driving the growth of the industry are rising urbanization and the rapidly growing building infrastructure. These have influenced commercial, residential, industrial energy, and power demand.
Market Segmentation
A wire is a single electrical conductor, while a cable is a set of wires in the sheathing. The wires and cables market can be divided based on segments like the voltage, material, and end-use.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on voltage, the wires and cables market can be broadly categorised into:
- Low Voltage
- Medium and High Voltage
- Optical Fibre
The industry can be divided based on materials as:
- Copper
- Aluminium
- Glass
- Others
The industry can be divided based on end-use as:
- Building and Construction
- Aerospace and Defence
- Oil and Gas
- IT and Telecommunication
- Energy and Power
- Others
The EMR report looks into the regional markets of wires and cables like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
It is expected that the increased investments in smart grids and power transmission and distribution systems will drive the industry for wires and cables in the forecast period. The adoption of smart grid technology has met the growing need for grid interconnections, leading to increased investment in a new submarine and underground cables. However, increasing offshore wind farms, direct current high voltage connections, and grid interconnections are expected to fuel the industry growth in the coming years. The increasing population leads to an increased demand for power. It is crucial to make the grid smarter and technologically advanced in order to reduce the frequency and length of power outages, storm impacts, and to restore services more quickly after outages.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global wires and cables market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Belden Inc.
- Furukawa Electric Co., Ltd.
- Hitachi Ltd.
- KEI Industries Limited
- Leoni AG
- LS Cable & System Ltd.
- Nexans S.A.
- Prysmian S.p.A
- Sumitomo Electric Industries, Ltd.
- Others
The EMR report gives an in-depth insight into the industry 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 Voltage |
|
| Breakup by Material |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Wires and Cables Market Report Snapshots
*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.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The global wires and cables market reached a value of USD 275.62 billion in 2023.
The market is expected to grow at a CAGR of about 3.5% in the forecast period of 2024-2032.
The industry is expected to expand in the forecast period to reach USD 375.64 billion by 2032.
The major drivers of the market, such as rising disposable incomes, rising urbanisation, and the rapidly growing building infrastructure, are expected to aid the industry growth.
The increased investments in smart grids and power transmission and distribution systems is expected to define the market growth in the coming years.
North America, Latin America, Middle East and Africa, Europe, Asia Pacific are the major regions in the market.
The major voltage segments in the market are low voltage, medium and high voltage, and optical fibre.
The leading materials of wires and cables in the industry are copper, aluminium, and glass, among others.
The major end-use segments in the industry are building and construction, aerospace and defence, oil and gas, IT and telecommunication, and energy and power, among others.
The major players in the market are Belden Inc., Furukawa Electric Co., Ltd., Hitachi Ltd., KEI Industries Limited, Leoni AG, LS Cable & System Ltd., Nexans S.A., Prysmian S.p.A, and Sumitomo Electric Industries, Ltd., among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Locations
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
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 287899028, +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
+84865399124