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The global wires and cables market reached a value of USD 275.62 billion in 2024 and is expected to grow at a CAGR of 3.5% over the forecast period of 2025-2034.
Base Year
Historical Year
Forecast Year
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The main factors driving the growth of the industry are rising urbanization and the rapidly growing building infrastructure. These have influenced commercial, residential, industrial energy, and power demand.
A wire is a single electrical conductor, while a cable is a set of wires in the sheathing. The wires and cables market can be divided based on segments like the voltage, material, and end-use.
Market Breakup by Voltage
Market Breakup by Material
Market Breakup by End Use
Market Breakup by Region
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It is expected that the increased investments in smart grids and power transmission and distribution systems will drive the industry for wires and cables in the forecast period. The adoption of smart grid technology has met the growing need for grid interconnections, leading to increased investment in a new submarine and underground cables. However, increasing offshore wind farms, direct current high voltage connections, and grid interconnections are expected to fuel the industry growth in the coming years. The increasing population leads to an increased demand for power. It is crucial to make the grid smarter and technologically advanced in order to reduce the frequency and length of power outages, storm impacts, and to restore services more quickly after outages.
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The report presents a detailed analysis of the following key players in the global wires and cables market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global wires and cables market reached a value of USD 275.62 billion in 2024.
The market is expected to grow at a CAGR of about 3.5% in the forecast period of 2025-2034.
The industry is expected to expand in the forecast period to reach USD 375.64 billion by 2034.
The major drivers of the market, such as rising disposable incomes, rising urbanisation, and the rapidly growing building infrastructure, are expected to aid the industry growth.
The increased investments in smart grids and power transmission and distribution systems is expected to define the market growth in the coming years.
North America, Latin America, Middle East and Africa, Europe, Asia Pacific are the major regions in the market.
The major voltage segments in the market are low voltage, medium and high voltage, and optical fibre.
The leading materials of wires and cables in the industry are copper, aluminium, and glass, among others.
The major end-use segments in the industry are building and construction, aerospace and defence, oil and gas, IT and telecommunication, and energy and power, among others.
The major players in the market are Belden Inc., Furukawa Electric Co., Ltd., Hitachi Ltd., KEI Industries Limited, Leoni AG, LS Cable & System Ltd., Nexans S.A., Prysmian S.p.A, and Sumitomo Electric Industries, Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
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 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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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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