Market Forecast By Regions (Latin America, Europe, Middle East, Africa, North America, Asia Pacific), By Voltage (Low Voltage, Medium Voltage, High Voltage, Extra-High Voltage), By Installation (Overhead, Underground), By End-Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, It & Telecommunication, Others) And Competitive Landscape
Product Code: ETC060823 | Publication Date: May 2021 | Updated Date: Apr 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
Latest 2023 Development of the Global Wires and Cables Market
The Global wires and cables market is registering rising demand for high-speed internet. The increasing demand for high-speed internet and advanced communication technologies has driven the growth of the wires and cables market. This trend is expected to continue as more people rely on the Internet for work, education, and entertainment. Additionally, the COVID-19 pandemic has had a significant impact on the wires and cables market. The disruptions in the supply chain and reduced demand due to the economic slowdown have affected the industry. However, the industry is expected to recover as the economy recovers and demand for infrastructure projects increases.
The Global wires and cables industry is also experiencing a shift towards renewable energy sources. The shift towards renewable energy has increased the demand for wires and cables used in wind turbines, solar panels, and other renewable energy sources. This trend is expected to continue as governments and companies invest more in clean energy. Additionally, the wires and cables industry is continuously evolving due to advancements in technology. Manufacturers are developing new materials, designs, and processes to improve the performance, durability, and efficiency of wires and cables. Further, the wires and cables industry is focusing on sustainability by developing eco-friendly products, reducing waste, and adopting sustainable practices in manufacturing and distribution. Moreover, the market has also witnessed consolidation in recent years. The wires and cables market has witnessed consolidation with large companies acquiring smaller ones to increase their market share and expand their product offerings.
Asia Pacific Wires & Cables Market | Latin America Wires & Cables Market |
Middle East Wires & Cables Market | Europe Wires & Cables Market |
North America Wires & Cables Market | Africa Wires & Cables Market |
Global Wires & Cables market growth is mainly led by increasing urbanization and rapidly growing building infrastructure. These aspects have impacted the power and energy demand in commercial, industrial and residential sectors. Augmented investments in smart grids along with upgrading power transmission and distribution systems are likely to drive the growth of the market. The acceptance of smart grid technology has fulfilled the growing requirement for grid interconnections, substantially resulting in increasing investments in underground and new submarine cables. Additionally, rising offshore wind farms, high voltage direct current links, as well as grid interconnections are expected to propel the growth of the market. The growing population is leading to an increasing demand for power. The global construction industry, once flourishing with high investments, has been harshly affected by the pause of construction activities in the wake of the ongoing coronavirus pandemic, which has, no doubt, led to slow market growth of the product, further affecting its productivity.
According to 6Wresearch, the Global Wires & Cables Market is anticipated to register enormous growth during 2021-2027F. Amplified energy requirements in the Asia Pacific, Middle East, and South America have resulted in increasing investments in smart grids in these regions that are further driving the demand for low-voltage cables. Development in the power distribution sector, power generation from renewable energy sources, and demand from the non-automotive and automotive industries are the other aspects expected to positively impact the demand for low-voltage cables. Rapid Urbanization is one of the key aspects for the complete growth of the wires and cables market. The need for power grid interconnections in densely populated areas is creating a demand for submarine and underground cables which reduces the space required.
Some prominent players in the market can be, further listed as, Belden Inc. (USA), Finolex Cables Ltd. (India), Fujikura Ltd. (Japan), LEONI AG (Latin America), LS Cable & System Ltd. (Korea), Nexans (Middle East), Prysmian S.p.a (Africa) and Southwalk Company LLC (UK).
Global Wires & Cables market report thoroughly covers the market by voltage, installation, End-users and key regions including the Asia Pacific, Latin America, Middle East, Europe, North America and Africa. Global Wires & Cables market outlook report provides an unbiased and detailed analysis of the ongoing Global Wires & 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 report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Wires & Cables Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Wires & Cables Market Revenues & Volume, 2020 & 2027F |
3.3 Global Wires & Cables Market - Industry Life Cycle |
3.4 Global Wires & Cables Market - Porter's Five Forces |
3.5 Global Wires & Cables Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Global Wires & Cables Market Revenues & Volume Share, By Voltage, 2020 & 2027F |
3.7 Global Wires & Cables Market Revenues & Volume Share, By Installation, 2020 & 2027F |
3.8 Global Wires & Cables Market Revenues & Volume Share, By End-users, 2020 & 2027F |
4 Global Wires & Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Wires & Cables Market Trends |
6 Global Wires & Cables Market, 2017 - 2027 |
6.1 Global Wires & Cables Market, Revenues & Volume, By Voltage, 2017 - 2027 |
6.2 Global Wires & Cables Market, Revenues & Volume, By Installation, 2017 - 2027 |
6.3 Global Wires & Cables Market, Revenues & Volume, By End-users, 2017 - 2027 |
7 Germany Wires & Cables Market, 2017 - 2027 |
7.1 Germany Wires & Cables Market, Revenues & Volume, By Voltage, 2017 - 2027 |
7.2 Germany Wires & Cables Market, Revenues & Volume, By Installation, 2017 - 2027 |
7.3 Germany Wires & Cables Market, Revenues & Volume, By End-users, 2017 - 2027 |
8 Europe Wires & Cables Market, 2017 - 2027 |
8.1 Europe Wires & Cables Market, Revenues & Volume, By Voltage, 2017 - 2027 |
8.2 Europe Wires & Cables Market, Revenues & Volume, By Installation, 2017 - 2027 |
8.3 Europe Wires & Cables Market, Revenues & Volume, By End-users, 2017 - 2027 |
9 Middle East Wires & Cables Market, 2017 - 2027 |
9.1 Middle East Wires & Cables Market, Revenues & Volume, By Voltage, 2017 - 2027 |
9.2 Middle East Wires & Cables Market, Revenues & Volume, By Installation, 2017 - 2027 |
9.3 Middle East Wires & Cables Market, Revenues & Volume, By End-users, 2017 - 2027 |
10 Africa Wires & Cables Market, 2017 - 2027 |
10.1 Africa Wires & Cables Market, Revenues & Volume, By Voltage, 2017 - 2027 |
10.2 Africa Wires & Cables Market, Revenues & Volume, By Installation, 2017 - 2027 |
10.3 Africa Wires & Cables Market, Revenues & Volume, By End-users, 2017 - 2027 |
11 Latin America Wires & Cables Market, 2017 - 2027 |
11.1 Latin America Wires & Cables Market, Revenues & Volume, By Voltage, 2017 - 2027 |
11.2 Latin America Wires & Cables Market, Revenues & Volume, By Installation, 2017 - 2027 |
11.3 Latin America Wires & Cables Market, Revenues & Volume, By End-users, 2017 - 2027 |
12 North America Wires & Cables Market, 2017 - 2027 |
12.1 North America Wires & Cables Market, Revenues & Volume, By Voltage, 2017 - 2027 |
12.2 North America Wires & Cables Market, Revenues & Volume, By Installation, 2017 - 2027 |
12.3 North America Wires & Cables Market, Revenues & Volume, By End-users, 2017 - 2027 |
13 Global Wires & Cables Market Key Performance Indicators |
14 Global Wires & Cables Market - Opportunity Assessment |
14.1 Global Wires & Cables Market Opportunity Assessment, By Countries, 2020 & 2027F |
14.2 Global Wires & Cables Market Opportunity Assessment, By Voltage, 2020 & 2027F |
14.3 Global Wires & Cables Market Opportunity Assessment, By Installation, 2020 & 2027F |
14.4 Global Wires & Cables Market Opportunity Assessment, By End-users, 2020 & 2027F |
15 Global Wires & Cables Market - Competitive Landscape |
15.1 Global Wires & Cables Market Revenue Share, By Companies, 2020 |
15.2 Global Wires & Cables Market Competitive Benchmarking, By Operating and Technical Parameters |
16 Company Profiles |
17 Recommendations |
18 Disclaimer |