Global Wire and Cable Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global Wire and Cable market in its upcoming report titled, “Global Wire and Cable Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global Wire and Cable market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wire and cable market report has been segmented on the basis of type, material, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Wires and cables are used in many applications for transmission of electricity or electrical signals. Wire is a single electrical conductor and cable is a group of wires used to carry electrical currents. Cables are classified as twisted pair, coaxial cable, and fiber optic cable.
Increasing urbanization and increasing government investments into expansion of power transmission & distribution networks across developed and developing economies are major factors driving growth of the global wire and cable market. In addition, increasing construction of residential and commercial buildings and growing demand for uninterrupted electricity are other major factors expected to boost growth of the global wire and cable market over the forecast period.
However, increasing procurement and operation costs of specialty cables and wires is a major factor restraining growth of the global wire and cable market. Additionally, increasing adoption and use of wireless devices is another major factor expected to hamper growth of the global wire and cable market over the forecast period.
Currently, the market in Asia Pacific accounts for highest share in the global wire and cable market in revenue terms, owing to rapid industrialization and increasing government initiatives for upgrading existing power transmission and distribution infrastructure in the region. The market in Europe accounted for second-highest revenue share in the global wire and cable market, followed by markets in North America, Middle East & Africa, Latin America and respectively. The market in North America is projected to witness fastest growth in terms of revenue, owing to high disposable income and increasing government initiatives and private investments into development of electrical power grids in countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.
Global wire and cable market segmentation:
- Low Voltage
- Medium and High Voltage
- Optical Fiber Cable
- Data Transmission
- Power Transmission and Distribution
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Prysmian Group
- Hengtong Optic-Electric Co Ltd.
- Furukawa Electric Co., Ltd.
- Sumitomo Electric Industries, Ltd.
- General Cable Corporation
- Jiangnan Group Limited
- TPC Wire & Cable Corp.
- LS Cable & System Ltd.
- Polycab Wires Private Limited
- Southwire Company, LLC.
- Hitachi Metals Ltd.
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