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

The latest development (2023) of the United Kingdom (UK) Wires & Cables Market 

The United Kingdom (UK) Wires & Cables Market is experiencing steady growth due to heavy investment in smart grids, rising demand for power in commercial, industrial, and residential sectors, and expansion of the communication industry in the country. The growth of the market is expected to be positive in the forecast period. The increasing use of fibre optic cables is the latest development in the market. Due to their high bandwidth and low attenuation, this particular cable is gaining popularity in the Country. The increasing adoption of renewable energy such as solar and wind power are becoming increasingly popular in the country due to its minimal impact on the environment. The UK wires and cables market is a competitive market and the future of the market is bright and strong.

Topics Covered in United Kingdom (UK) Wires & Cables Market Report 

United Kingdom (UK) 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.

United Kingdom (UK) Wires & Cables Market is projected to grow over the coming year. The United Kingdom (UK) Wires & Cables Market report is a part of our periodical regional publication Europe 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.

United Kingdom (UK) Wires & Cables Market Synopsis

The United Kingdom (UK) Wires & Cables Market is estimated to grow in the forecast period due to surging population and rising investment in smart grid backed by increasing development of technology is driving market Growth. The mounting demand for power in commercial, industrial and residential sectors backed by the expansion of the communication industry is proliferating the expansion of the market.

According to 6Wresearch, the United Kingdom (UK) Wires & Cables Market size is estimated to register growth during 2020-2026. Rising penetration towards reliable and renewable power systems coupled with the need to reduce carbon emissions is fuelling the demand for electric vehicles and is adding to the major development of the market. Rapid developments in technology have led to the production of innovative cables which have improved the performance and capabilities of the products. Infrastructure Modernization is the key reason for the development of the market. The need for reliable and efficient cabling solutions for the development of these projects has boosted the demand for wires and cables. The success of the market is dependent on the fact that it is an integral part of the Europe Wires & Cables Market. There are certain challenges present in the market. The wires and cables market in the UK is highly competitive, due to the presence of domestic and international players vying for market share. Intense competition has affected the profit margins of producers. Economic factors, such as fluctuations in currency exchange rates, Brexit-related issues, and global market conditions have hindered the growth of the market.

COVID-19 Impact on the United Kingdom (UK) Wires & Cables Market

The outbreak of the COVID-19 pandemic hugely affected the United Kingdom (UK) Wires & Cables Industry. There was a disruption in global trade and logistics which restrained the market growth.  The Supply chain disruptions, shipping delays, and logistical challenges affected the timely delivery of the final products to international markets, leading to a decline in export volumes. The pandemic also affected the workforce industry due to the strict imposition of lockdowns and social distancing protocols by the government. The companies implemented social distancing protocols and remote working arrangements to ensure the safety of the employee. These Changes in the work culture posed challenges in maintaining operational effectiveness

United Kingdom (UK) Wires & Cables Market: Key players

• Prysmian Group
• Nexans
• Belden Inc.
• Draka (a brand of Prysmian Group)
• RS Components Ltd
• Lapp Group
• Doughty Engineering Ltd
• Eland Cables

These are the major players in the market who have made the industry more competitive and dynamic by adopting the latest technology and leading to an increase in the United Kingdom (UK) Wires & Cables Market Growth.

Market by Installation 

Based on the installation, both the segment, Overhead and Underground are expected to give rise to the United Kingdom (UK) Wires & Cables Market Share. The overhead cables are used above the ground and underground cables are used in urban areas on account of aesthetic and environmental concerns.

Market by End-user

The building and construction segment will grow in the Wires & Cables Market in the United Kingdom (UK) due to the use of Wires and cables in various projects of construction and other application which exists within the building.

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:

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