Thailand Wires And Cables Market (2021-2027) | Growth, Share, Analysis, Size, Trends, Industry, Companies, Value, Revenue, Forecast & COVID-19 IMPACT

Topics Covered in the Thailand Wires And Cables Market Report

Thailand Wires And Cables Market report thoroughly covers the market by voltages, installation, products, material, and end users. 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.

Thailand Wires and Cables Market Synopsis

Thailand wires and cables market witnessed a modest growth in 2017-2018 on account of the growing demand for wires and cables due to expansion of power transmission lines, installation of new power grids and replacement of overhead lines to underground lines in the country. Further, underpinned by the adoption of 5G technology the demand for wires and cables have increased significantly in the country. 

However, in 2019 there was a slowdown in market on account of disrupted supply chain due to US & China trade war. Furthermore, the spread of covid-19 in 2020 resulted in turmoil product growth due to the lockdown measures adopted to curb the spread of the virus, which in turn led to a downfall in revenues during pandemic. Although, with the gradual upliftment of lockdown restrictions, sales of wires and cables begun to get back on track as operations in industries and construction resumed, which led Thailand wires and cables market back to its growth trajectory.

According to 6Wresearch, Thailand Wires And Cables Market size is projected to grow at CAGR of 7.4 % during 2021-27. The demand for wires and cables increased owing to the growth of industrialization in country under Thailand 4.0 policy and rapid increase in construction activities in Thailand under Eastern Economic Corridor (EEC) projects such as airport, electrical power generating system project, telecommunications system project. In addition, growth of telecommunication industry with adoption of 5G technology, are anticipated to strengthen the demand for wires and cables in the coming years.

Thailand Wires And Cables Industry: Key Players

Some of the most prominent companies running in Thailand Wires and Cables Market include:

• Prysmian Group
• NKT Holding
• Leoni AG
• Nexans SA
• General Cable Technologies Corporation

Wires And Cables Market in Thailand: Government Initiatives

The government of Thailand is taking a number of initiatives in order to propel growth and innovation in the wires and cables industry. These measures are the amendment to the Energy Conservation Promotion Act, introducing more stringent energy efficiency standards, as well as imposing mandatory labelling for energy-using products. In addition, the government of Thailand is actively promoting green technologies by offering tax incentives as well as subsidies for eco-friendly products.

Thailand Wires And Cables Market: Latest News

Thailand continuously invests in infrastructure development, and it is seen in the rising demand for wires and cables. The wires and cables sector in Thailand is set to propel at a major growth rate, with the rise in investment in infrastructure projects, such as airports, and high-speed rail, as well as the expansion of data centers. The government of Thailand is continuing to invest in transportation infrastructure projects which need wires and cables. Currently, the government is working effectively on plans in order to increase its transportation infrastructure to connect with neighboring nations. This will include rail projects which require a prominent number of wires and cables to connect stations and power points. The demand for these wires and cables will surge more. 

Market by Installation Analysis 

In terms of installation, overhead segment has captured 64.4% of the market revenues in 2020.  Overhead segment had a major market revenue share owing to its low price and installation cost. However, in forecast period the underground segment would show significant growth due to its safety features and low maintenance cost, underpinned by government’s aim to replace overhead lines by underground lines which would drive the underground segment market revenue size over the coming years.

Market by Voltage Analysis 

In Thailand wires and cables market, low voltage has led the overall market revenues accounting more than 54.3% of the market revenues in 2020. The low voltage segment had the majority of market revenue share in 2020 owing to its wide applicability in consumer electronics, power distribution plants, building wiring, oil & gas and other industries and the same trend is projected in the coming years, leading to high demand for low voltage wires and cables in the country.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand wires and cables Market Overview
• Thailand wires and cables Market Outlook
• Thailand wires and cables Market Forecast
• Historical Data of Thailand Wires and Cables Market Revenues for the Period 2017-2020
• Thailand Wires and Cables Market Size and Thailand Wires and Cables Market Forecast of Revenues, Until 2027
• Historical Data of Thailand Wires and Cables Market Revenues, By Voltage, for the Period 2017-2020
• Market Size and Forecast of Thailand Wires and Cables Market Revenues, By Voltage, Until 2027
• Historical Data of Thailand Wires and Cables Market Revenues, By Installation, for the Period 2017-2020
• Market Size & Forecast of Thailand Wires and Cables Market Revenues, By Installation, Until 2027
• Historical Data of Thailand Wires and Cables Market Revenues, By Products, for the Period 2017-2020
• Market Size & Forecast of Thailand Wires and Cables Market Revenues, By Products, Until 2027
• Historical Data of Thailand Wires and Cables Market Revenues, By End Users, for the Period 2017-2020
• Market Size & Forecast of Thailand Wires and Cables Market Revenues, By End Users, Until 2027
• Market Drivers and Restraints
• Thailand Wires and Cables Market Trends
• Thailand Wires and Cables Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Thailand Wires and Cables Market Share, By Companies
• Thailand Wires and Cables Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Voltage

• Low Voltage (Up to 1,000 V) 
• Medium Voltage (1,000.1 V - 35 kV)
• High Voltage (35.1 kV - 240 kV)
• Extra High Voltage (Above 240 kV)

• By Installation

• Overhead
• Underground

• By Products

• Fiber Optic Cable
• Co-Axial Cable
• Other Cables (Twisted Pair Cable, Non-Metallic and Metallic Sheathed Cable)

• By End Users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others (Manufacturing, Consumer Electronics and Automotive)