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Market Analysis

Global Wires and Cables Market Size, Growth, Forecast: By Voltage: Low Voltage, Medium and High Voltage, Optical Fibre; By Material: Copper, Aluminium, Glass, Others; By End Use: Building and Construction, Aerospace and Defence, Oil and Gas, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Wires and Cables Market Analysis

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.

 

Wires and Cables Market Report Snapshots

Wires and Cables Market Size

Wires and Cables Market Analysis

Wires and Cables Companies

 

*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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Wires and Cables Market Analysis

    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 by Voltage
        8.4.1    Low Voltage
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Medium and High Voltage
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Optical Fibre
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Wires and Cables Market by Material
        8.5.1    Copper
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Aluminium
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Glass
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Wires and Cables Market by End Use
        8.6.1    Building and Construction
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Aerospace and Defence
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Oil and Gas
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    IT and Telecommunication
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Energy and Power
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others 
    8.7    Global Wires and Cables Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Wires and Cables Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Wires and Cables Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Wires and Cables Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Wires and Cables Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Wires and Cables Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Belden Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Furukawa Electric Co., Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Hitachi Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    KEI Industries Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Leoni AG
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    LS Cable & System Ltd.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Nexans S.A.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Prysmian S.p.A
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Sumitomo Electric Industries, Ltd.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    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.    Global Wires and Cables Historical Market: Breakup by Voltage (USD Billion), 2018-2023
3.    Global Wires and Cables Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
4.    Global Wires and Cables Historical Market: Breakup by Material (USD Billion), 2018-2023
5.    Global Wires and Cables Market Forecast: Breakup by Material (USD Billion), 2024-2032
6.    Global Wires and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Wires and Cables Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Wires and Cables Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Wires and Cables Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Wires and Cables Market Structure

Key Questions Answered in the Report

The global wires and cables market reached a value of USD 275.62 billion in 2023.

The market is expected to grow at a CAGR of about 3.5% in the forecast period of 2024-2032.

The industry is expected to expand in the forecast period to reach USD 375.64 billion by 2032.

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.

Analyst Review

The global wires and cables market attained a value of USD 275.62 billion in 2023, driven by the rapidly growing building infrastructure. It is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%. The industry is projected to be driven by the increased investments in smart grids and power transmission and distribution systems.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of voltage, the market is divided into low voltage, medium and high voltage, and optical fibre. Based on the materials, the industry is divided copper, aluminium, glass, and others. On the basis of end use, the market is divided into building and construction, aerospace and defence, oil and gas, it and telecommunication, energy and power, and others. The major regional markets for wires and cables are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. The key players in the above industry 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.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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