Global Wire and Cable Market, By Installation (Overhead, Underground), Voltage (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), Material (Copper, Aluminum, Glass), End User (Aerospace and Defense, Automotive, Building and Construction, Oil and Gas, Energy and Power, IT and Telecommunication, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Wire and Cable Market
The global wire and cable market size is valued at USD 380.49 billion by 2028 and is expected to grow at a compound annual growth rate of 6.95% in the forecast period of 2021 to 2028. Data Bridge Market Research report on wire and cable provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Wires and cables are largely used in various applications for transmission of electricity or electrical signals. Wire is a type of a single electrical conductor while cable is a group of wires which used to carry electrical currents. Cables are classified as coaxial cable, twisted pair and fiber optic cable.
The rapid urbanization and rising government investments into expansion of power transmission and distribution networks across developed and developing economies have been directly influencing the growth of wire and cable market over the forecast period of 2021 to 2028. Also the growing infrastructure across the globe and increasing need for grid interconnections are also flourishing the growth of the wire and cable market. Likewise the rapid technological advancement and development in the wire and cable is also positively impacting the growth of the market. Furthermore, the high demand from data centers and it facilities is also acting as an active growth driver towards the growth of the wire and cable market. Moreover, the growing Demand from renewable power generation sector is creating a huge demand for wire and cable as well as lifting the growth of the wire and cable market.
However, the rising procurement as well as the operation costs of specialty cables and wires and high installation costs are acting as the major restrictions for the growth of wire and cable in the above mentioned forecasted period, whereas the high adoption and use of wireless devices can challenge the wire and cable market growth in the forecast period of 2021 to 2028.
Likewise, the rising construction of residential and commercial buildings and high demand for uninterrupted electricity will further cater ample new opportunities that will lead to the growth of the wire and cable market in the above mentioned forecasted period.
This global wire and cable market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wire and cable market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wire and Cable Market Scope and Market Size
The global wire and cable market is segmented on the basis of installation, voltage, material and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The installation segment of the wire and cable market is segmented into overhead and underground.
- On the basis of voltage, the wire and cable market is segmented into low voltage, medium voltage, high voltage and extra high voltage.
- The wire and cable market is segmented on the basis of material into copper, aluminum and glass.
- On the basis of end user, the wire and cable market is segmented into aerospace and defense, automotive, building and construction, oil and gas, energy and power, it and telecommunication and others. Building and construction has further been segmented into residential and commercial.
Global Wire and Cable Market Country Level Analysis
The global wire and cable market is analyzed and market size, volume information is provided by country, installation, voltage, material and end user as referenced above.
The countries covered in the wire and cable market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the wire and cable market due to the rapid industrialization and rising government initiatives for upgrading existing power transmission and distribution infrastructure in the region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the growing disposable income and high government initiatives and private investments into development of electrical power grids within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wire and Cable Market Share Analysis
The global wire and cable market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wire and cable market.
The major players covered in the wire and cable market report are Fujikura Ltd., Corning Incorporated, HENGTONG GROUP CO.,LTD., STL TECH, FURUKAWA ELECTRIC CO., LTD., Prysmian Group, II-VI Incorporated, General Cable Technologies Corporation, Futong Group, Folan, Sumitomo Electric Industries, Ltd., TPC Wire & Cable Corp, Nexans, Southwire Company, LLC, Finolex Cables Ltd., Reflex Photonics Inc., LEONI AG, Tata Communications., Belden Inc., and Marlin Steel Wire Products LLC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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