China Wires And Cables Market (2024-2030) | Share, Size, Trends, Growth, Revenue, Analysis, Forecast, Value, industry, Outlook

Topics Covered in China Wires And Cables Market Report

China Wires And Cables Market report is a part of Asia Pacific Wires and Cables Market that thoroughly covers the market by voltage, installation, product, material, end-users, and regions including central, western, southern, and eastern regions. The China wires and cables market outlook report provides an unbiased and detailed analysis of the ongoing China wires and cables 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.

China Wires And Cables Market Synopsis

China Wires and Cables Market is anticipated to proliferate owing to good domestic demand and strong economic growth across China. The market will be driven by solid growth in key downstream industries. The power generation sector in China will develop strongly due to the construction of new power grids. The increase in power grids would increase the demand for wires and cables in the Chinese market.

According to 6Wresearch, China Wires and Cables Market size is estimated to grow at a higher growth rate of 5.6% during 2024-2030. China is the key exporter of wires and cables globally, During the COVID-19 outbreak in the country, the export of wires and cables has substantially reduced, resulting in a decrease in the revenue generated by the market for the year 2020-21. The Chinese government's rules for rural electrification also play a vital role in the growth of the wires and cables market.

Rural electrification involves major actions such as improved communication, installing electricity infrastructure, and providing household connectivity. Rural electrification is expected to drive product demand in the forthcoming years due to the installation of wires and cable networks. China wires and cables market is anticipated to witness potential growth in the upcoming six years on the back of the substantial growth of the telecommunication and oil & gas industry.

Leading Companies of the Market

Players has the most significant role to play in the success of any market. Some well-established players in Wires and Cables Market in China include;

• Apar Industries Ltd.
• Finolex Cables Ltd.
• Havells India Ltd.
• KEI Industries Ltd.
• Panasonic Corp.
• Polycab India Ltd.
• RR Kabel Ltd.
• Sterlite Power Transmission Ltd.

China Wires And Cables Industry: Government Regulations

The Chinese government has introduced many policies in order to encourage technological innovation in the wires and cables market. The government inspires the development of high-end products, new materials, as well as new technologies. The Ministry of Industry and Information Technology (MIIT) I China, issued a guideline on encouraging the development of the market, emphasizing measures to expand research and development and innovation capabilities, and introducing new standards for the quality of wires and cables. In order to promote the healthy development of the wires and cables market, the government of China has set milestones for upgrading the market structure. The MIIT has proposed measures in order to accelerate the restructuring of the market in accordance with the principles of high-quality development.

Market Segmentation by Material

According to Moksh, Senior Research Analyst, 6Wresearch, Copper wires portray dominance in terms of revenue of the wires and the cables market due to several features such as high durability, low maintenance cost, and high usage in high voltage applications. Further, copper wires and cables are anticipated to register a surge in demand on account of their increasing usage in the commercial and transportation sectors in the years to come.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Historical data of China wires and cables market revenues for the period 2020-2023
• China wires and cables market size and market forecast of revenues, until 2030F
• Historical data of China wires and cables market revenues, by voltages, for the period 2020-2023
• China wires and cables market size and market forecast of revenues, by voltages, until 2030F
• Historical data of Chinan wires and cables market revenues, by installation, for the period 2020-2023
• China wires and cables market size and market forecast of revenues, by installation, until 2030F
• Historical data of China wires and cables market revenues, and by-products, for the period 2020-2023
• China wires and cables market size and market forecast of revenues, by-products, until 2030F
• Historical data of China wires and cables market revenues, by material, for the period 2020-2023
• China wires and cables market size and market forecast of revenues, by material, until 2030F
• Historical data of Chinan wires and cables market revenues, by end-user, for the period 2020-2023
• China wires and cables market size and market forecast of revenues, by end-user, until 2030F
• Historical data of China wires and cables market revenues, by region, for the period 2020-2023
• China wires and cables market size and market forecast of revenues, by region, until 2030F
• Market Drivers and Restraints.
• Market Trends and Developments.
• Player Market Share and Competitive Landscape.
• Company Profiles.
• Strategic Recommendations.

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Voltages

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

By Installation

• Overhead
• Underground

By Products

• Fiber Optic Cable
• Co-Axial Cable
• Other Cables

By Material

• Copper
• Aluminum
• Glass

By End Users

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