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Asia Pacific Wires and Cables Market Size, Share, Growth: By Voltage: Low Voltage, Medium Voltage, High Voltage; By Product: Power Cables, Building Wires, Flexible Wires and Cables, EHV Cables, Control/Instrumentation Cables, Others; By Material: Copper, Aluminium, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Asia Pacific Wires and Cables Market Outlook
The Asia Pacific wires and cables market size reached approximately USD 157.2 billion in 2023. The market is projected to grow at a CAGR of 3.8% between 2024 and 2032, reaching a value of around USD 221.6 billion by 2032.
Key Takeaways
- In 2022, the Chinese wire and cable production output was about 59.27 million kilometres.
- Advanced manufacturing processes such as precision extrusion moulding, laser welding, etc are gaining traction, and are improving the precision and reliability of wire and cable products.
- In May 2023, the index of industrial production in India grew by 5.2% from 4.2% measured in April 2023.
Reportedly, Asia is considered a top region for international traffic and is considered a key hub of Internet activity. The increasing interest in Internet and cloud-based services is encouraging global hyperscalers and wholesale network providers to invest in the region, further improving the bandwidth. Further, the Asia Pacific wires and cables market growth is supported by the significant growth of the construction sector. In 2022, public sector construction output increased by 14.3% to USD 17.3 billion in Singapore.
With the increasing importance of environmental protection and preference for sustainable products, flexible cables are gaining traction due to their excellent performance. Flexible wires offer increased service life and can complete between one and three million cycles.
The advent of Industry 4.0 in countries such as Malaysia is increasing the integration of wires and cables for automating smart factories. It also allows for data and power flow, which are important for the functioning of interconnected, intelligent industrial systems. India is a prominent country in the region witnessing rapid growth for wires and cables. The favourable government initiatives such as the Rs 12,195 crore PLI scheme for the telecom sector including localised production of core transmission equipment, routers and switches support the market expansion.
Market Segmentation
Asia Pacific wires and cables Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Market Breakup by Product
- Power Cables
- Building Wires
- Flexible Wires and Cables
- EHV Cables
- Control/Instrumentation Cables
- Others
Market Breakup by Material
- Copper
- Aluminium
- Others
Market Breakup by End Use
- Construction
- Residential
- Commercial
- Telecommunications
- Energy and Power
- Automotive
- Aerospace and Defence
- Others
Market Breakup by Region
- China
- Japan
- India
- ASEAN
- Australia
- Others
Competitive Landscape
The wires and cables sector is witnessing a strong emphasis from market players on integrating advanced technologies, to meet the changing demands of consumers.
- Hitachi, Ltd
- Sumitomo Electric Industries, Ltd
- Mitsuboshi Co., Ltd
- ENEOS NUC Corporation
- Furukawa Electric Co., Ltd.
- TATSUTA Electric Wire & Cable Co., Ltd.
- Tai Sin Electric Limited
- Polycab India Ltd.
- Oki Electric Industry Co., Ltd. (Oki Electric Cable Co., Ltd.)
- V Guard Industries Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Voltage |
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| Breakup by Product |
|
| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Wires and Cables Market Overview
8.1 Key Industry Highlights
8.2 Global Wires and Cables Historical Market (2018-2023)
8.3 Global Wires and Cables Market Forecast (2024-2032)
8.4 Global Wires and Cables Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Wires and Cables Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Wires and Cables Historical Market (2018-2023)
9.3 Asia Pacific Wires and Cables Market Forecast (2024-2032)
10 Asia Pacific Wires and Cables Market by Voltage
10.1 Low Voltage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medium Voltage
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 High Voltage
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Asia Pacific Wires and Cables Market by Product
11.1 Power Cables
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Building Wires
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Flexible Wires and Cables
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 EHV Cables
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Control/Instrumentation Cables
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Asia Pacific Wires and Cables Market by Material
12.1 Copper
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Aluminium
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Asia Pacific Wires and Cables Market by End Use
13.1 Construction
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.1.3 Breakup by Type
13.1.3.1 Residential
13.1.3.2 Commercial
13.2 Telecommunications
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Energy and Power
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Automotive
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Aerospace and Defence
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Asia Pacific Wires and Cables Market by Country
14.1 China
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Japan
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 India
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 ASEAN
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code – 854411, 854419, 854420)
17.1 Major Exporting Countries
17.1.1 By Value
17.1.2 By Volume
17.2 Major Importing Countries
17.2.1 By Value
17.2.2 By Volume
18 Price Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Hitachi, Ltd.
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Sumitomo Electric Industries, Ltd.
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Mitsuboshi Co., Ltd.
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 ENEOS NUC Corporation
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Furukawa Electric Co., Ltd.
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 TATSUTA Electric Wire & Cable Co., Ltd.
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Tai Sin Electric Limited
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Polycab India Ltd.
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Oki Electric Industry Co., Ltd. (Oki Electric Cable Co., Ltd.)
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 V Guard Industries Ltd.
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wires and Cables Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Wires and Cables Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Wires and Cables Historical Market: Breakup by Voltage (USD Billion), 2018-2023
4. Asia Pacific Wires and Cables Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
5. Asia Pacific Wires and Cables Historical Market: Breakup by Product (USD Billion), 2018-2023
6. Asia Pacific Wires and Cables Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. Asia Pacific Wires and Cables Historical Market: Breakup by Material (USD Billion), 2018-2023
8. Asia Pacific Wires and Cables Market Forecast: Breakup by Material (USD Billion), 2024-2032
9. Asia Pacific Wires and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Asia Pacific Wires and Cables Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Asia Pacific Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
12. Asia Pacific Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. Asia Pacific Wires and Cables Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 157.2 billion in 2023.
The market is estimated to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 221.6 billion by 2032.
The wires and cables market in the Asia Pacific is driven by the expansion of the construction sector, rising technological advancements, the advent of Industry 4.0, the transition towards smart homes, and the growing automotive sector.
The key materials are copper, aluminium, and others.
The products include power cables, building wires, flexible wires and cables, EHV cables, control/instrumentation cables, and others.
The major countries are China, Japan, India, ASEAN, and Australia, among others.
The major players in the market are Hitachi, Ltd, Sumitomo Electric Industries, Ltd, Mitsuboshi Co., Ltd, ENEOS NUC Corporation, Furukawa Electric Co., Ltd, TATSUTA Electric Wire & Cable Co., Ltd, Tai Sin Electric Limited, Polycab India Ltd, Oki Electric Industry Co., Ltd. (Oki Electric Cable Co., Ltd.), and V Guard Industries Ltd, among others.
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