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Global Insulated Wire and Cable Market to Grow at a CAGR of 5.5% During 2022-2027, Aided by the Growing Use of Insulated Wires and Cables in the Telecommunication Sector

According to a new report by EMR titled, ‘Global Insulated Wire and Cable Market Report and Forecast 2022-2027’, the market attained a value of about USD 180 billion in 2021. The market is further expected to grow at a CAGR of 5.5% in the forecast period of 2022-2027 to reach a value of nearly USD 248.2 billion by 2027.

The growing use of insulated wires and cables in the telecommunication sector to enable two-way communication over long distances to transfer information is propelling the market growth. Various leading companies are also increasingly offering customised insulated wire and cable solutions to meet the demands of telecom operators.

 

The increasing research activities to develop innovative insulated wires and cables that can easily withstand extreme environmental conditions are likely to fuel their use in the telecommunication sector. With the growing expansion of data centres, the demand for insulated wire and cables with enhanced flexibility is expected to significantly increase.

 

Belden Inc. (NYSE: BDC), one of the leading companies in the insulated wire and cable market, announced the availability of its OptiTuff Mini Fiber Cable solutions in August 2021. The cable has fewer layers and eliminates metal armour, which makes it 90% lighter and 70% smaller than metal armoured cables. It is easier to install and more flexible than metal armoured cables and features anti-kink properties as well as a small bend radius. This enables the cable to handle challenging and tight turns, even in compact spaces, cable trays, and raceways.

 

Moreover, it does not have significant kinking, breaking, crushing, or performance issues under extreme conditions. As it features superior durability and crush resistance, it does not require conduit or grounding, which makes it time and cost-effective. The cable is made up of ruggedised and advanced thermoplastic material, which makes it insulated. It finds use as a cost-effective and high-performance cable in data centre, POL/PON, and FTTx applications.

 

Market Analysis by Material, Installation, Voltage, End Use, and Region:

  • The market, on the basis of material, can be divided into metal, optic fibre, and plastic.
  • Based on installation, the market can be divided into submarine, underground, and overhead.
  • By voltage, the market is classified into low voltage, high voltage, and medium voltage.
  • The major end uses of insulated wire and cable include energy and power, electronics, telecommunication, automotive, and construction, among others.
  • The regional markets for insulated wire and cable include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The rapid urbanisation and the increasing investments in infrastructural development are augmenting the market for insulated wire and cable.
  • The market is being propelled by the growing utilisation of insulated wires and cables in the power sector.
  • The surging data consumption in both developed and developing countries is driving the market growth of insulated wire and cable.
  • The market for insulated wire and cable can be attributed to the increasing smart infrastructure, the introduction of advanced communication facilities, and the expansion of data centres.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for insulated wire and cable for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the material, installation, voltage, end use, and major region of insulated wire and cable.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the market are ABL Electronic Supplies, Inc., Belden Inc., Carlisle Companies Incorporated, CommScope, Inc., and Finolex Cables Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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