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Report Overview
The wires and cables market attained a value of USD 285.27 Billion in 2025. The market is expected to grow at a CAGR of 3.50% during the forecast period of 2026-2035. By 2035, the market is expected to reach USD 402.40 Billion.
Market Size & Forecast
- Market Size in 2025: USD 285.27 Billion
- Projected Market Size in 2035: USD 402.40 Billion
- CAGR from 2026 to 2035: 3.50%
Rapid urbanization in emerging economies is leading to extensive investments in infrastructure projects. As per the United Nations, the worldwide population residing in urban areas is projected to rise to 68% by 2050. These developments require vast amounts of electrical wiring for lighting, elevators, HVAC systems, communication networks, and more. Power distribution cables, fire-retardant wires, and low-smoke zero-halogen variants are gaining popularity in urban infrastructure. As cities modernize and digitalize, there is increasing reliance on high-capacity power and data cables.
The global shift toward renewable energy is boosting the wires and cables market value. Solar power plants and wind farms require extensive cabling to transmit electricity from generation points to substations and distribution networks. In March 2023, LS Cable secured a USD 75–76 million contract to supply extra-high-voltage submarine cables for Taiwan’s First Offshore Wind Farm initiative, covering capacity expansion through 2035. As energy storage and grid connectivity increase, so does the need for high-performance, efficient cabling systems to support decentralized and intermittent energy generation sources.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Competitive Landscape
Key players in the wires and cables market are adopting a multi-pronged strategy to maintain competitiveness and meet growing global demand. Product innovation is at the forefront, with companies investing in lightweight, high-performance, and EMI-shielded cables to cater to aerospace, defence, and high-speed communication sectors. Sustainability is another core strategy, as seen in the development of recyclable cables and eco-friendly manufacturing practices. Geographic expansion plays a crucial role as leading firms are setting up facilities in emerging markets to tap into electrification and infrastructure growth.
Players are also enhancing vertical integration, producing in-house materials to control costs and ensure quality. Additionally, digitalization and smart cable solutions for Industry 4.0 are gaining traction for offering data-rich, real-time monitoring capabilities. Customization to sector-specific needs, especially for telecom, energy, and renewables, rounds out the market strategy, aligning products with evolving industry standards and regulations.
Belden Inc.
Founded in 1902 and headquartered in St. Louis, the United States, Belden Inc. is a global leader in signal transmission solutions and has pioneered intelligent networking infrastructure. Belden continues innovating in cybersecurity, edge connectivity, and high-speed data transmission for smart buildings and mission-critical environments.
Furukawa Electric Co., Ltd.
Established in 1884 and based in Tokyo, Japan, Furukawa Electric is renowned for its expertise in power and telecommunication cables as it developed the world’s first optical fibre fusion splicer and leads in FTTH deployment. The company also innovates in superconducting technology, automotive wiring, and sustainable cable materials.
Hitachi Ltd.
Founded in 1910 with headquarters in Tokyo, Hitachi Ltd. is a diversified conglomerate with a strong presence in energy and cable technologies. The company has contributed to high-voltage direct current systems and submarine cable projects. Hitachi integrates advanced digital solutions to enhance energy transmission and smart infrastructure performance.
KEI Industries Limited
Incorporated in 1968 and headquartered in New Delhi, India, KEI Industries is a major player in electrical cables and wiring. The company has grown through backward integration and strong project execution in EPC. KEI is noted for its extra high-voltage cable solutions and expanding global reach across 45+ countries.
Other players in the wires and cables market are Leoni AG, LS Cable & System Ltd., Nexans S.A., Prysmian S.p.A, and Sumitomo Electric Industries, Ltd., among others.
Wires and Cables Market Report Snapshots
*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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Key Questions Answered in the Report
In 2025, the market reached an approximate value of USD 285.27 Billion.
The market is projected to grow at a CAGR of 3.50% between 2026 and 2035.
The industry is expected to expand in the forecast period to reach USD 402.40 Billion by 2035.
Key strategies driving the market include technological innovation, renewable energy integration, smart infrastructure development, capacity expansion, recycling initiatives, strategic partnerships, and regional diversification to meet rising global demand.
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 key players in the market report include 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.
North America dominates the market led by smart grid modernization, EV infrastructure, and data centre growth.
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