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Global Wires and Cables Market Report and Forecast 2023-2028
Market Report I 2023-10-11 I 198 Pages I EMR Inc.
Global Wires and Cables Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global wires and cables market reached a value of USD 266.3 billion in 2022. Aided by the accelerating pace of urbanisation, growth in the construction sector, and technological advancements in telecommunications, the market is projected to further grow at a CAGR of 5.5% between 2023 and 2028 to reach a value of USD 282.97 billion by 2028.
Wires and cables, while often used interchangeably, have distinct definitions. Wires are single conductors, while cables are a group of wires encapsulated within a sheath. Their primary function is the transmission of electricity or telecommunication signals. They form the backbone of modern infrastructure, whether it is lighting up homes, powering industries, or connecting the world through telecommunications.
The global infrastructural boom is primarily responsible for the propulsion of the wires and cables market growth. As nations continue to urbanise, the demand for power escalates, necessitating robust power distribution and transmission networks. This transition towards urban living and modern conveniences has escalated the need for reliable wires and cables that ensure safety and efficiency.
Moreover, the digital revolution, characterised by an insatiable demand for faster and more reliable internet connections, acts as a significant market driver. With the proliferation of the Internet of Things (IoT), 5G networks, and smart cities, the reliance on high-quality cables, especially fibre-optic cables, has intensified. These technological innovations, which promise unprecedented connectivity and automation, rely heavily on the cables market for realisation.
Industrialisation too plays a role in influencing the wires and cables market outlook. As industries grow and modernise, there's an increasing demand for specialised cables that can withstand harsh conditions, resist chemicals, or bear heavy loads. Such specialised requirements have led to innovations and the development of tailor-made cable solutions for various industrial applications.
The industry is moving towards sustainable solutions. Research is ongoing into alternative materials that are both cost-effective and eco-friendly. Furthermore, recycling initiatives are gaining momentum, with manufacturers investing in technologies to recycle and reuse old cables, turning potential waste into valuable resources. Another notable wires and cables market trend is the development of smart cables. These are equipped with sensors and offer real-time data on the cable's health, predicting wear and tear, and thus preventing potential mishaps or disruptions.
Market Segmentation
The market can be divided based on voltage, material, end use, and region.
Market Breakup by Voltage
- Low Voltage
- Medium and High Voltage
- Optical Fibre
Market Breakup by Material
- Copper
- Aluminium
- Glass
- Others
Market Breakup by End Use
- Building and Construction
- Aerospace and Defence
- Oil and Gas
- IT and Telecommunication
- Energy and Power
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global wires and cables market. Some of the major players explored in the report by Expert Market Research are as follows:
- Belden Inc.
- Furukawa Electric Co., Ltd.
- Hitachi Ltd.
- KEI Industries Limited
- Leoni AG
- LS Cable & System Ltd.
- Nexans S.A.
- Prysmian S.p.A
- Sumitomo Electric Industries, Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2018-2022)
8.3 Global Wires and Cables Market Forecast (2023-2028)
8.4 Global Wires and Cables Market by Voltage
8.4.1 Low Voltage
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Medium and High Voltage
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Optical Fibre
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Wires and Cables Market by Material
8.5.1 Copper
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aluminium
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Glass
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Wires and Cables Market by End Use
8.6.1 Building and Construction
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Aerospace and Defence
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Oil and Gas
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 IT and Telecommunication
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Energy and Power
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Wires and Cables Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Wires and Cables Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Wires and Cables Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Wires and Cables Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Wires and Cables Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Wires and Cables Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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), 2018-2022
3. Global Wires and Cables Market Forecast: Breakup by Voltage (USD Billion), 2023-2028
4. Global Wires and Cables Historical Market: Breakup by Material (USD Billion), 2018-2022
5. Global Wires and Cables Market Forecast: Breakup by Material (USD Billion), 2023-2028
6. Global Wires and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Wires and Cables Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Wires and Cables Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Wires and Cables Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Wires and Cables Market Structure
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