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

Brazil 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 Paraguay. It has registered a growth of 45.11% over the previous year. While Paraguay registered a growth of 22.93% as compared to the previous year. In the year 2017, China was the largest exporter followed by Paraguay. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Brazil has a Herfindahl index of 1560 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1525 which signifies moderately concentrated in the market.

Brazil Wires and Cables Market - Export Market Opportunities

The latest development (2023) of the Brazil Wires & Cables Market

Brazil Wires & Cables Market is witnessing remarkable growth due to the launch of new products by the leading players of the market. There are various new products launched by the various players in the market. The increasing focus on research and development by leading players is the latest development in the market. Leading players in the market are focusing on the research and development (R&D) domain to develop new products and technologies to cater for the rising need of various industries. This major shift towards the research and development domain is expected to help the industry to stay ahead of the curve and meet the growing demand for sustainable and energy-efficient cables in the country.

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

Brazil Wires & Cables Market Synopsis

Brazil Wires & Cables Market is estimated to grow in the forecast year mainly due to favorable economic conditions of the country, development in infrastructure, industrial activities, technological advancements, and various policies of the government.

According to 6Wresearch, Brazil Wires & Cables Market size is likely to register growth during 2020-2026. The market is anticipated to project substantial growth during the upcoming years owing to rising urbanization and mounting development of infrastructure. The demand for power in the residential, commercial, and industrial sectors is proliferating market. Additionally, the smart upgrading and power transmission coupled with the development of new underground and submarine cables is adding to the demand for wires & cables. Rising development in the IT sector coupled with improvements in internet technologies is adding to the development of the market. The surging population is leading to the mounting demand for power which further beholds the rise of the market. There are certain challenges present in the market. The cost of the raw material is the major challenge for the market.

The fluctuations in the economy of Brazil have hindered the growth of the market. Currency devaluation and political instability led to the decline in Brazil Wires & Cables Market Share. There is stiff competition in the market from the international players. 

COVID-19 Impact on Brazil Wires & Cables Market

The outburst of the COVID-19 pandemic hampered the growth of the market owing to disruption in the supply chain. The nationwide restrictions led to the shutting down of manufacturing units and put a pause on construction activities which further declined the growth of the market. The market faced fluctuations in demand due to the sudden outbreak of the pandemic as there were disruptions in construction projects, infrastructure developments, and other industrial activities. The workforce was severely disturbed due to restrictions on movement and social distancing measures. The pandemic brought uncertainty in the market and it led to cautious investment decisions by the manufacturers. Companies delayed and canceled infrastructure projects, which hugely affected the demand for wires and cables in the short term.

Brazil Wires & Cables Market: Key players

• Prysmian Group
• Nexans
• Furukawa Electric
• General Cable
• Southwire Company
• Cofibam
• Conduspar
• Poliron
• Sil
• Belden

These are the significant companies in the market that are involved in the production and distribution of wires & cables in the country and contributing to the increase of Brazil Wires & Cables Market Growth.

Market by Voltage

Based on voltage, the low-voltage Wires & Cables are projected to grow in the forecast year due to various factors such as urbanization and growth in the infrastructure of the company, and this factor has contributed to the expansion of the Wires & Cables Market in Brazil.

Market by Installation

According to Dhaval, Research Head, 6Wresearch, overhead wires& cables will dominate the market due to their wide use in the electrification in rural areas.

Market by End-user

Based on end users, the Building & Construction segment is expected to witness growth in the Brazil Wires & Cables Industry on account of the expansion of the construction industry.

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:

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