Australia Wires & Cables Market (2020-2026) | Outlook, Size, Industry, Companies, Forecast, Value, Share, Trends, Revenue, Growth, COVID-19 IMPACT & Analysis

Australia Wires and Cables Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by USA. It has registered a growth of 44.01% over the previous year. While USA registered a growth of 2.64% as compare to the previous year. In the year 2017 China was the largest exporter followed by USA. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Australia has the Herfindahl index of 3148 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  4288 which signifies high concentration in the market.

Australia Wires and Cables Market - Export Market OpportunitiesLatest development (2023) of the Australia Wires & Cables Market

Australia Wires & Cables Market is experiencing major growth in recent times on account of increasing demand for transmission of power, investment in renewable energy and the various initiatives of the government. The growing awareness about sustainable products has increased the demand for low-energy consuming devices like LED lighting which needs premium wiring and cabling solutions. The latest development in technology has created opportunities for manufacturers operating within this domain. Technological advancements such as IoT-enabled cables and cable systems, data centre cabling solutions, and fibre optic technology are the latest development in the market.

Topics Covered in Australia Wires & Cables Market Report

Australia Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Australia Wires & Cables Market is projected to grow over the coming year. Australia Wires & Cables Market report is a part of our periodical regional publication Asia Pacific Wires & Cables Market outlook report. 6W tracks Wires & Cables market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Wires & Cables Market outlook report annually.

Australia Wires & Cables Market Synopsis

Australia Wires & Cables Market is expected to grow in the forecast period due to increasing urbanization and the growth of the real estate sector in the country. Significant investments in renewable energy projects such as solar and wind farms have propelled the growth of the market.

According to 6Wresearch, Australia Wires & Cables Market size is estimated to register growth during 2020-2026.  Various factors can be attributed to the growth of the market. The development of the telecommunication industry and the demand for high-speed data communication, the emergence of the 5G technology are the driving factors for advanced cables & wires. The rise of fibre optics and high-performance materials has also fuelled the growth of the market. The increasing demand for cables in power transmission, telecommunications, and data networks has played a vital role in the development of the market. These positive factors have contributed immensely to the Australia Wires & Cables Market Growth.  There are certain challenges present in the market. Competition from International Players is the major challenge for the market. The industry also faces the Impact of Global Economic Fluctuations and it hinders the growth of the market. Delays in the delivery of the raw material hugely affect production schedules and delivery timelines.

COVID-19 Impact on Australia Wires & Cables Market

The COVID-19 pandemic had a major impact on the Australia Wires & Cable Industry and it caused disruptions in the functioning and operations of the production and manufacturing units. There was severe supply chain disruption which led to a reduction in the demand for the wires & cables. The reluctance of businesses and consumers to spend on wires & cables due to economic uncertainty caused by the pandemic has led to a decline in the growth trajectory of the market. Some prominent sectors also witnessed a rise in the demand for Wires & Cables due to the sudden rise of online mediums and the emergence of the remote work culture.

Australia Wires & Cables Market: Key players

• Prysmian Group
• Nexans
• General Cable Corporation
• Belden Inc.
• Furukawa Electric Co., Ltd.
• LS Cable & System Ltd.
• Southwire Company, LLC
• Sumitomo Electric Industries, Ltd.
• Hitachi Metals, Ltd.
• Finolex Cables Ltd.

These are the major players in the Wires & Cables Market in Australia who are manufacturing wires & cables and have a significant share in the market.

Market by Voltage

The low voltage segment is expected to increase Australia Wires & Cables Market Share in the forecast year on account of the increasing use of electrical wiring in the residential domain.

Market by Installation

According to Ravi Bhandari, Research Manager, 6Wresearch Based on the installation the market is segmented into Overhead and Underground. The overhead segment will see robust growth due to its use in the various projects highway and bridges.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Australia Wires & Cables Market Outlook
• Market Size of Australia Wires & Cables Market, 2019
• Forecast of Australia Wires & Cables Market, 2026
• Historical Data and Forecast of Australia Wires & Cables Revenues & Volume for the Period 2016 - 2026
• Australia Wires & Cables Market Trend Evolution
• Australia Wires & Cables Market Drivers and Challenges
• Australia Wires & Cables Price Trends
• Australia Wires & Cables Porter's Five Forces
• Australia Wires & Cables Industry Life Cycle
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of Australia Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• Australia Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• Australia Wires & Cables Top Companies Market Share
• Australia Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• Australia Wires & Cables Company Profiles
• Australia Wires & Cables Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overrground
• Underground

By End-users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

Australia Wires & Cables Market: FAQs