Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others), By Countries (Germany, Italy, France, United Kingdom And Rest of Europe) And Competitive Landscape.
Product Code: ETC001500 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Wires And Cables Market |
Forecast period | 2025-2031 |
CAGR | 4% |
Growing Sector | Energy & Power |
The Europe Wires And Cables Market report thoroughly covers the market by Voltages, Installation, Products, Materials, End Users, and Countries. The market 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.
The Europe wires and cables market is expected to grow slowly during 2025-2031, driven by investments in renewable energy, smart grid infrastructure, and demand for advanced technologies like IoT. The market is also seeing a trend towards sustainable and eco-friendly products.
According to 6Wresearch, the Europe Wires And Cables Market size is expected to grow at a significant CAGR of 4% during 2025-2031. The increasing infrastructure development and the growing adoption of renewable energy sources are expected to drive market growth in Europe. Moreover, the region's strict regulations on energy efficiency and safety standards have also led to an increased demand for high-quality and sustainable wires and cables. This trend is further fueled by the rising awareness among consumers about environmental sustainability.
One major challenge is the volatility in raw material prices, which has significantly impacted the profit margins of manufacturers. Additionally, the growing trend of wireless connectivity and advancements in technology may also pose a threat to the demand for traditional wired connections. Furthermore, the presence of stringent regulations and standards for wires and cables adds to the manufacturing costs and acts as a barrier for smaller players in the market.
The wires and cables industry in Europe is highly competitive, with a large number of players operating in the market. Some of the leading players in this industry include Prysmian Group, Nexans S.A., General Cable Corporation, NKT A/S, and Leoni AG. These companies have a significant presence in the European market and offer a wide range of products such as power cables, communication cables, and fibre optic cables. They also focus on continuously innovating their products to meet the changing demands of consumers and maintain their market position.
The wires and cables industry in Europe is heavily influenced by government initiatives aimed at promoting energy efficiency and sustainability. The European Union has set strict regulations on the use of materials and substances in the manufacturing of wires and cables, with a focus on reducing environmental impact. In addition, there are various standards and certifications that manufacturers must comply with to enter the European market. These initiatives have pushed companies to invest in research and development for eco-friendly products, leading to a more sustainable wires and cables industry.
The adoption of renewable energy sources is expected to drive growth in the wires and cables market in Europe. The increasing focus on renewable energy, such as wind and solar power, has resulted in a higher demand for specialized cables that can withstand harsh weather conditions. Moreover, the rise of smart grids and smart homes is also expected to boost the requirement for advanced wiring solutions. With the growing emphasis on sustainability and technological advancements, the future of the wires and cables market in Europe looks promising.
According to Ravi Bhandari, Research Head, 6Wresearch, low voltage wires and cables are witnessing significant growth due to their widespread use in residential and commercial applications.
There is a shift towards underground installation methods due to aesthetic reasons and safety concerns. This trend is expected to continue in the coming years, leading to growth in both overhead and underground segments of the market.
In terms of products, fiber optic cables are expected to experience high demand in the market owing to their capability of transmitting large amounts of data at high speeds and over long distances. They are widely used in industries such as aerospace & defense, IT & telecommunication, and energy & power.
The copper material segment is projected to hold a significant share of the market owing to its superior conductivity and durability. It is extensively used in various applications such as power transmission, telecommunications, and building wiring.
Among end users, the energy & power sector is expected to dominate the market due to increasing investments in renewable energy sources and infrastructure development projects.
In terms of countries, Germany is expected to hold a major share of the market due to its strong manufacturing sector and high investments in infrastructure development.
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Wires and Cables Market Overview |
3.1 Europe Country Indicators |
3.2 Europe Wires and Cables Market Revenues and Volume 2021-2031F |
3.3 Europe Wires and Cables Market Revenue Share, By Voltage, 2021 & 2031F |
3.4 Europe Wires and Cables Market Revenue Share, By Installation, 2021 & 2031F |
3.5 Europe Wires and Cables Market Revenue Share, By Products, 2021 & 2031F |
3.6 Europe Wires and Cables Market Revenue Share, By Materials, 2021 & 2031F |
3.7 Europe Wires and Cables Market Revenue Share, By End Users, 2021 & 2031F |
3.8 Europe Wires and Cables Market Revenue Share, By Regions, 2021 & 2031F |
3.9 Europe Wires and Cables Market - Industry Life Cycle |
3.10 Europe Wires and Cables Market - Porter’s Five Forces |
4 Europe Wires and Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Wires and Cables Market Trends |
6 Europe Wires and Cables Market Overview, By Voltage |
6.1 Europe Wires and Cables Market Revenues and Volume, By Low Voltage, 2021-2031F |
6.2 Europe Wires and Cables Market Revenues and Volume, By Medium Voltage, 2021-2031F |
6.3 Europe Wires and Cables Market Revenues and Volume, By High Voltage, 2021-2031F |
6.4 Europe Wires and Cables Market Revenues and Volume, By Extra High Voltage, 2021-2031F |
7 Europe Wires and Cables Market Overview, By Installation |
7.1 Europe Wires and Cables Market Revenues and Volume, By Overhead, 2021-2031F |
7.2 Europe Wires and Cables Market Revenues and Volume, By Underground, 2021-2031F |
8 Europe Wires and Cables Market Overview, By Products |
8.1 Europe Wires and Cables Market Revenues and Volume, By Fiber Optic Cable, 2021-2031F |
8.2 Europe Wires and Cables Market Revenues and Volume, By Co-axial Cable, 2021-2031F |
8.3 Europe Wires and Cables Market Revenues and Volume, By Other Cables, 2021-2031F |
9 Europe Wires and Cables Market Overview, By Materials |
9.1 Europe Wires and Cables Market Revenues and Volume, By Copper, 2021-2031F |
9.2 Europe Wires and Cables Market Revenues and Volume, By Aluminium, 2021-2031F |
9.3 Europe Wires and Cables Market Revenues and Volume, By Glass, 2021-2031F |
10 Europe Wires and Cables Market Overview, By End Users |
10.1 Europe Wires and Cables Market Revenues and Volume, By Aerospace & Defense, 2021-2031F |
10.2 Europe Wires and Cables Market Revenues and Volume, By Building & Construction, 2021-2031F |
10.3 Europe Wires and Cables Market Revenues and Volume, By Oil & Gas, 2021-2031F |
10.4 Europe Wires and Cables Market Revenues and Volume, By Energy & Power, 2021-2031F |
10.5 Europe Wires and Cables Market Revenues and Volume, By IT & Telecommunication, 2021-2031F |
10.6 Europe Wires and Cables Market Revenues and Volume, By Others, 2021-2031F |
11 Germany Wires and Cables Market Overview |
11.1 Germany Wires and Cables Market Revenues & Volume, 2021-2031F |
11.2 Germany Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
11.3 Germany Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
11.4 Germany Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
11.5 Germany Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
11.6 Germany Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
12 Italy Wires and Cables Market Overview |
12.1 Italy Wires and Cables Market Revenues & Volume, 2021-2031F |
12.2 Italy Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
12.3 Italy Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
12.4 Italy Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
12.5 Italy Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
12.6 Italy Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
13 France Wires and Cables Market Overview |
13.1 France Wires and Cables Market Revenues & Volume, 2021-2031F |
13.2 France Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
13.3 France Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
13.4 France Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
13.5 France Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
13.6 France Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
14 United Kingdom Wires and Cables Market Overview |
14.1 United Kingdom Wires and Cables Market Revenues & Volume, 2021-2031F |
14.2 United Kingdom Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
14.3 United Kingdom Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
14.4 United Kingdom Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
14.5 United Kingdom Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
14.6 United Kingdom Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
15 Rest of Europe Wires and Cables Market Overview |
15.1 Rest of Europe Wires and Cables Market Revenues & Volume, 2021-2031F |
16 Europe Wires and Cables Market - Key Performance Indicators |
17 Europe Wires and Cables Market - Opportunity Assessment |
17.1 Europe Wires and Cables Market Opportunity Assessment, By Voltage, 2031F |
17.2 Europe Wires and Cables Market Opportunity Assessment, By Installation, 2031F |
17.3 Europe Wires and Cables Market Opportunity Assessment, By Products, 2031F |
17.4 Europe Wires and Cables Market Opportunity Assessment, By Materials, 2031F |
17.5 Europe Wires and Cables Market Opportunity Assessment, By End Users, 2031F |
18 Europe Wires and Cables Market Competitive Landscape |
18.1 Europe Wires and Cables Market Revenue Share, By Company |
18.1.1 Germany Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.2 Italy Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.3 France Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.4 United Kingdom Wires and Cables Market Revenue Share, By Companies, 2024 |
18.2 Europe Wires and Cables Market Competitive Benchmarking, By Operating & Technical Parameters |
19. Company Profiles |
20. Key Recommendations |
21. Disclaimer |
Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others), By Countries (Germany, Italy, France, United Kingdom And Rest of Europe) And Competitive Landscape.
Product Code: ETC001500 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Europe Wires and Cables Market is evolving industry and the growth is attributed to the increasing demand for electricity, growth in the construction industry, and the adoption of renewable energy sources. Additionally, the increasing use of fiber optic cables in various industries such as healthcare, construction, and aerospace are also driving the Europe Wires and Cables Market growth. The increasing demand for energy and the need to upgrade existing infrastructure is further proliferating the growth of the wires and cables market in Europe. The development of new materials and technologies for wires and cables is driving the growth of the market. For instance, the development of high-performance cables for applications in the automotive and aerospace industries is further propelling market development.
The government initiatives to promote renewable energy and energy-efficient technologies are anticipated to support the market expansion in the years to come. Moreover, with the increasing use of the internet and the growing demand for data transmission, the demand for high-speed data cables is increasing which, in turn, propelling the growth of the Wires and Cables Market in Europe for fibre optic cables and other high-speed data cables.
Rising demand for uninterrupted power supply, increase in the number of electrification projects, rapid advancements in infrastructure & telecommunication and high frequency of repair and maintenance of the existing technology has fostered the growth of the Europe Wires and Cables market. Moreover, charging infrastructure for electric vehicles has bolstered the need for a secure and constant power supply, thereby giving a boost to the wires and cables market in Europe.
According to 6Wresearch, Europe Wires and Cables Market size is anticipated to register growth during 2019-25. Overall Europe, Germany and the United Kingdom are the leading revenue-generating countries in the Europe wires and cables market on account of rapid industrialization and technological innovations. Various government initiatives such as “EU 20/20/20”, “Horizon 2020”, “Trans-European Energy Infrastructure”, etc. have developed clean energy solutions on smart grids, thereby fueling the wires and cables market in Europe.
Based on voltage, high voltage cables are anticipated to register substantial growth over the forecast period on the back of growing demand for high voltage cables in the telecom, power distribution, oil and gas, and aerospace & defence end-user segment. moreover, based on end-users, the energy and power segment held the largest market share in 2018. Several technological upgrades such as shifting the old transmission lines to high or extra high voltage lines to avoid transmission losses have fueled the demand for wires and cables in the energy and power sector.
The Europe Wires and Cables market report thoroughly covers the market by voltage, installation, products, materials, end users and key countries including Germany, Italy, France, the United Kingdom and the Rest of Europe. The Europe Wires and Cables market outlook report provides an unbiased and detailed analysis of the ongoing Europe 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.
The Europe Wires and Cables Market report provides a detailed analysis of the following market segments: