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: ETC001501 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Global Wires And Cables Market |
Forecast period | 2025-2031 |
CAGR | 5% |
Growing Sector | Energy & Power |
The Global 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 Global Wires And Cables Market has been experiencing growth in the past years. The market is expected to grow steadily in the coming years. This growth is attributed to numerous factors such as increasing demand for electricity, growth of population, technological advancements, and government initiatives promoting infrastructure development.
According to 6Wresearch, the Global Wires And Cables Market size is expected to grow at a significant CAGR of 5% during 2025-2031. The demand from various industries such as power generation, telecommunications, automotive, construction, and aerospace is the primary driver for the market as wire and cables are essential components in these industries. Moreover, technological advancements in the wires and cables industry have led them to develop more efficient and durable products. This includes advanced fibre optic cables which offer larger bandwidth and faster transmission, hence driving the demand for the market. Additionally, governments all over the world are investing heavily in infrastructure projects such as telecommunication networks, power grids, and transportation systems. This has further driven the growth of the market.
Fluctuating prices of raw materials such as copper and aluminium affect the final price of wires and cables, hence is a challenge for the market. Another challenge faced by the market is the intense competition among manufacturers globally. Moreover, the production of wires and cables involves the use of chemicals and generates an amount of waste. This raises concerns about its impact on the environment.
Key players in the Global Wires and Cables market include Prysmian Group, Nexans SA, Sumitomo Electric Industries Ltd., General Cable Corporation, Furukawa Electric Co. Ltd., Leoni AG, Southwire Company LLC, LS Cable & System Ltd., Belden Inc., and Polycab India Limited. These companies are constantly innovating and investing in new technologies to meet the growing demand for wires and cables globally. They are also focusing on expanding their global presence through strategic partnerships, mergers, and acquisitions.
Government initiatives play a crucial role in boosting the wires and cables market. The implementation of smart grids is one of the initiatives taken by the governments of many countries. Smart grids allow for efficient transmission and distribution of electricity, reducing power loss and improving overall energy management. They are also doing investments in developing renewable energy sources, such as wind and solar power. Moreover, many governments have introduced regulations and policies to promote the use of energy-efficient products, including wires and cables. Additionally, governments are also providing subsidies and tax incentives to manufacturers who are adopting eco-friendly practices in their production processes. Furthermore, governments are also focusing on improving the quality and safety standards for wires and cables.
The Global Wires And Cables Market is expected to continue its steady growth in the future. The key factors that drive the growth are increasing urbanization, increasing demand for electricity, and advancements in technology. Moreover, with the growing focus on renewable energy sources and the government promoting smart grids, the market is expected to rise in the future. Furthermore, there will be a significant increase in the wires and cables market due to rapid industrialization and increasing demand from developing countries.
According to Ravi Bhandari, Research Head, 6Wresearch, the underground installation segment is projected to grow at a faster rate urbanization, increasing population, and strict regulations regarding safety concerns.
The fiber optic cable segment is expected to witness significant growth in the global market. This growth is due to the increasing demand for high-speed internet and data transmission.
The energy and power segment is expected to dominate the global market due to the increasing investments in renewable energy sources and the upgradation of existing power grids.
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 Global Wires and Cables Market Overview |
3.1 Global Country Indicators |
3.2 Global Wires and Cables Market Revenues and Volume 2021-2031F |
3.3 Global Wires and Cables Market Revenue Share, By Voltage, 2021 & 2031F |
3.4 Global Wires and Cables Market Revenue Share, By Installation, 2021 & 2031F |
3.5 Global Wires and Cables Market Revenue Share, By-Products, 2021 & 2031F |
3.6 Global Wires and Cables Market Revenue Share, By Materials, 2021 & 2031F |
3.7 Global Wires and Cables Market Revenue Share, By End Users, 2021 & 2031F |
3.8 Global Wires and Cables Market Revenue Share, By Regions, 2021 & 2031F |
3.9 Global Wires and Cables Market - Industry Life Cycle |
3.10 Global Wires and Cables Market - Porter’s Five Forces |
4 Global Wires and Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Wires and Cables Market Trends |
6 Global Wires and Cables Market Overview, By Voltage |
6.1 Global Wires and Cables Market Revenues and Volume, By Low Voltage, 2021-2031F |
6.2 Global Wires and Cables Market Revenues and Volume, By Medium Voltage, 2021-2031F |
6.3 Global Wires and Cables Market Revenues and Volume, By High Voltage, 2021-2031F |
6.4 Global Wires and Cables Market Revenues and Volume, By Extra High Voltage, 2021-2031F |
7 Global Wires and Cables Market Overview, By Installation |
7.1 Global Wires and Cables Market Revenues and Volume, By Overhead, 2021-2031F |
7.2 Global Wires and Cables Market Revenues and Volume, By Underground, 2021-2031F |
8 Global Wires and Cables Market Overview, By-Products |
8.1 Global Wires and Cables Market Revenues and Volume, By Fiber Optic Cable, 2021-2031F |
8.2 Global Wires and Cables Market Revenues and Volume, By Co-axial Cable, 2021-2031F |
8.3 Global Wires and Cables Market Revenues and Volume, By Other Cables, 2021-2031F |
9 Global Wires and Cables Market Overview, By Materials |
9.1 Global Wires and Cables Market Revenues and Volume, By Copper, 2021-2031F |
9.2 Global Wires and Cables Market Revenues and Volume, By Aluminium, 2021-2031F |
9.3 Global Wires and Cables Market Revenues and Volume, By Glass, 2021-2031F |
10 Global Wires and Cables Market Overview, By End Users |
10.1 Global Wires and Cables Market Revenues and Volume, By Aerospace & Defense, 2021-2031F |
10.2 Global Wires and Cables Market Revenues and Volume, By Building & Construction, 2021-2031F |
10.3 Global Wires and Cables Market Revenues and Volume, By Oil & Gas, 2021-2031F |
10.4 Global Wires and Cables Market Revenues and Volume, By Energy & Power, 2021-2031F |
10.5 Global Wires and Cables Market Revenues and Volume, By IT & Telecommunication, 2021-2031F |
10.6 Global Wires and Cables Market Revenues and Volume, By Others, 2021-2031F |
11 North America Wires and Cables Market Overview |
11.1 North America Wires and Cables Market Revenues & Volume, 2021-2031F |
11.2 North America Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
11.3 North America Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
11.4 North America Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
11.5 North America Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
11.6 North America Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
11.7 North America Wires and Cables Market Revenues and Volume, By Countries, 2021-2031F |
12 Latin America Wires and Cables Market Overview |
12.1 Latin America Wires and Cables Market Revenues & Volume, 2021-2031F |
12.2 Latin America Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
12.3 Latin America Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
12.4 Latin America Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
12.5 Latin America Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
12.6 Latin America Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
12.7 Latin America Wires and Cables Market Revenues and Volume, By Countries, 2021-2031F |
13 Europe Wires and Cables Market Overview |
13.1 Europe Wires and Cables Market Revenues & Volume, 2021-2031F |
13.2 Europe Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
13.3 Europe Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
13.4 Europe Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
13.5 Europe Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
13.6 Europe Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
13.7 Europe Wires and Cables Market Revenues and Volume, By Countries, 2021-2031F |
14 Asia Pacific Wires and Cables Market Overview |
14.1 Asia Pacific Wires and Cables Market Revenues & Volume, 2021-2031F |
14.2 Asia Pacific Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
14.3 Asia Pacific Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
14.4 Asia Pacific Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
14.5 Asia Pacific Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
14.6 Asia Pacific Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
14.7 Asia Pacific Wires and Cables Market Revenues and Volume, By Countries, 2021-2031F |
15 The Middle East and Africa Wires and Cables Market Overview |
15.1 the Middle East and Africa Wires and Cables Market Revenues & Volume, 2021-2031F |
15.2 the Middle East and Africa Wires and Cables Market Revenues and Volume, By Voltage, 2021-2031F |
15.3 the Middle East and Africa Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
15.4 the Middle East and Africa Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
15.5 the Middle East and Africa Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
15.6 the Middle East and Africa Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
15.7 the Middle East and Africa Wires and Cables Market Revenues and Volume, By Countries, 2021-2031F |
16 Global Wires and Cables Market - Key Performance Indicators |
17 Global Wires and Cables Market - Opportunity Assessment |
17.1 Global Wires and Cables Market Opportunity Assessment, By Voltage, 2031F |
17.2 Global Wires and Cables Market Opportunity Assessment, By Installation, 2031F |
17.3 Global Wires and Cables Market Opportunity Assessment, By-Products, 2031F |
17.4 Global Wires and Cables Market Opportunity Assessment, By Materials, 2031F |
17.5 Global Wires and Cables Market Opportunity Assessment, By End Users, 2031F |
18 Global Wires and Cables Market Competitive Landscape |
18.1 Global Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.1 North America Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.2 Latin America Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.3 Europe Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.4 Asia Pacific Wires and Cables Market Revenue Share, By Companies, 2024 |
18.1.5 the Middle East and Africa Wires and Cables Market Revenue Share, By Companies, 2024 |
18.2 Global Wires and Cables Market Competitive Benchmarking, By Operating Parameters |
19. Company Profiles |
20. Strategic Recommendation |
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: ETC001501 | Publication Date: Jul 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global wires and cables market report thoroughly cover the market by voltage, installation, products, materials, end users, regional including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa, and key countries. The wires and cables market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Global Wires and Cables Market is anticipated to project growth during the coming years on account of rising electricity consumption, renewal of power transmission networks, growth in the automobile industry coupled with increasing construction projects around the globe. Increasing urbanization and rapidly growing building infrastructure are some of the other factors driving growth. In addition, growing offshore wind farms, high voltage direct current links, and grid interconnections are further projected to fuel the growth of the market over the coming years.
According to 6Wresearch, the Global Wires and Cables Market size is anticipated to register growth during 2019-2025. Increased energy needs in the Asia Pacific, Middle East, and Latin America have resulted in rising investments in smart grids in these regions, further driving the demand for low voltage cables. Surging investment in smart upgrading is also developing the growth of the market. Rising penetration towards the generation of renewable energy coupled with rising urbanization and industrialization is also adding to the Wires and cables market share. Population explosion and rising demand for power are contributing to the development of the market.
The global wires and cables market is expected to register sound market growth in the coming years on the back of an increase in the investments in smart grid infrastructure coupled with the rising need for advanced power transmission in the developed and developing economies across the globe. Further, a rise in the construction of high-rise buildings along with the rapid growth of the urban economy is expected to drive the significant growth of the Global wires and cables market in the coming years and provide vast avenues for potential investors to seek great growth prospects in the foreseeable future.
The global wires and cables market is anticipated to gain traction in the upcoming six years backed by the rising power and distribution sector. The rapid increase of urbanization requires adequate power access as basic facilities. Enhanced existing power grids in the country like China, Canada, and the United States are estimated to propel significant demand for wires and cables to operate power distribution processes and ensure a smooth power supply. Further, India is anticipated to generate high sales revenues owing to extensive growth, and the development of the telecommunication sector tends to require wires and cables for communicating signals is estimated to bolster the exponential growth of the wires and cable market in the upcoming six years.
Global wires and cables market is estimated to gain traction in the upcoming six years on the back of the rising potential growth of various industries like the power utility and telecommunication sectors. Moreover, on the basis of region, the Middle East and Africa wires and cables market is estimated to leave a positive impact on the market growth owing to rising oil and gas extraction activities where high use of adequate wiring intended to required for the installation of offshore drilling and for pump equipment to ensure smooth extraction process without any disruption which is expected to instigate wires and cables deployment globally. This emerging oil and gas industry in the Middle East and Africa region is expected to leave a positive impact on the entire global wire and cables market to secure exponential growth in the coming timeframe.
The North America region is anticipated to register a stable demand for wires and cables over the forecast period. However, Europe is expected to witness substantial growth over the forthcoming years owing to the initiatives such as Digital Agendas for Europe 2025. Growing demand for light, power, and communication is anticipated to fuel the expansion.
The low voltage segment held the largest share in the market revenue owing to the hike in the distribution networks, LAN cables, building wires, appliance wires, and others. The overhead installation segment held the largest market share in 2018. The overhead installation technique is the most widely used approach across the world.
The Global Wires and Cables Market report provides a detailed analysis of the following market segments: