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

Thailand 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 Japan. It has registered a growth of 41.57% over the previous year. While Japan registered a decline of -1.59% as compare to the previous year. In the year 2017 China was the largest exporter followed by Japan. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Thailand has the Herfindahl index of 1718 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  2408 which signifies moderately concentrated in the market.

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

Thailand Wires & Cables market has seen remarkable growth in recent times due to an increase in demand for various products of electrical wiring and cables. The Government of Thailand is investing heavily to improve its infrastructure, which is driving the need for more wires and cables.  The rise of residential construction projects coupled with a growing number of businesses in recent years are also contributing to this growth. The latest development in the market is the production of lighter-weight and higher-performance materials that can better handle increased power requirements. The companies have begun introducing new technologies focused on smart homes and buildings that use special wiring solutions to enhance efficiency and reduce energy costs while providing users with more diverse options.

Topics Covered in Thailand Wires & Cables Market Report

Thailand 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.

Thailand Wires & Cables Market is projected to grow over the coming year. Thailand 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.

Thailand Wires & Cables Market Synopsis

Thailand Wires & Cables Market is estimated to grow in the forecast year on account of increasing demand for electricity and data communication services. The role of the construction sector is major in the development of the market. The demand for cables used in electrical wiring and installations for residential, commercial, and infrastructure projects has propelled the growth of the market.

According to 6Wresearch, Thailand Wires & Cables Market size is likely to register growth during 2020-2026.  The key reason for the growth of the market is the growth of Telecommunications and Data Communication. There is an increased need for advanced cables in these sectors for high-speed data. The various initiatives by the government and policies aimed at promoting sustainable development, energy efficiency, and the adoption of renewable energy solutions have propelled the use of specialized cables in projects of renewable energy. There are some challenges present in the market.  The various factors such as environmental concerns and sustainability considerations have presented major challenges for cable manufacturers in meeting ecologically -friendly requirements. Economic fluctuations in the country and financial uncertainties have impacted the investment decisions and demand for the wires & cables in the market.

COVID-19 Impact on Thailand Wires & Cables Market

The outbreak of the COVID-19 pandemic had a notable impact on the Thailand Wires & Cables Industry. The pandemic impacted the energy sector, which requires wires and cables for power generation and distribution of power. The power consumption remained relatively stable during the pandemic but it -induced uncertainties in consumers which affected investment decisions in new energy projects and greatly affected the demand for the wires &cables. Logistics and supply chain disruptions were among the most significant challenges faced by the market. Restrictions on movement and ban on transportation impacted the movement of raw materials and finished products, The international trade disruptions impacted the import and export of cables and related materials to a great extent. These factors led to reduction in the Thailand Wires & Cables Market Share.

Thailand Wires & Cables Market: Key players

These are the major players in the market: -

• Siam Global House Public Company Limited
• Thai Metal Product Industry Company Limited
• Siam Tinplate Company Limited
• Rayong Wire Industries Co., Ltd.
• TKK Corporation Co., Ltd.
• T.C.C. Steel Wire Co., Ltd.
• Bangkok Cable Company Limited
• Siam Cable Co., Ltd.
• Vichai Trading (1983) Co., Ltd.
• Thai-Yazaki Electric Wire Co., Ltd.

Market by Voltage

Based on voltage, the Wires & Cables Market in Thailand   is segmented into Low Voltage, Medium Voltage, High Voltage, and Extra-High Voltage. The low voltage segment is expected to dominate the market on account of its use in infrastructural development.

Market by Installation

According to Shivankar, Research Manager, 6Wresearch, based on installation the market is segmented into Overhead and Underground. The overhead segment is expected to grow tremendously due to its extensive use in the projects of the Railway.

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

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

• Overhead
• Underground

By End-users

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

Thailand Wires & Cables Market: FAQs