Wire And Cables Market - Size & Upcoming Industry Trends (2024-2032)

Wire And Cables Market Synopsis:

Wire And Cables Market Size Was Valued at USD 212.3 Billion in 2023, and is Projected to Reach USD 310.11 Billion by 2032, Growing at a CAGR of 4.3% From 2024-2032.

The wire and cables market includes a vast number of cables for power transmission, telecommunication cables, and automotive along with construction and electronics. These cables are critical networks in the process of electricity and signals and therefore are part of the underlying structure of the systems that need them. There are several kinds of cables in this market: low voltage cables, medium voltage cables, high voltage cables and some others which are dedicated to a particular use. Exploding population, global struggles for urbanization, modernization and the global shift toward renewable energy source necessitating the need for wires and cables. In addition, advances such as modernization and the increasing installation of digital networks and the increasing popularity of electric-powered automobiles are also stimulating the progress of the market.

The wire and cables market has also expanded significantly in recent years, particularly because of the steady rise in the investments in power generation, transmission and distribution around the world in both the developed and growth countries. They include; large-scale integration of renewable energy across governments, electrification of remote regions, and the replacement of deteriorating grids which are all drivers of the market. Also, vested in continuous digital transformation inclusive of the latest 5G technology, data centers, enhanced high-speed internet networks are contributing to the growth of wire and cables industry.

The rise in construction industry activity following the trends in urbanization and infrastructure development mainly within the emerging economy countries has pushed the demand for wires and cables for constructions, commercial and industrial uses. Another important industry,” the automotive industry is vital as electric cars’ components need particular cables for power transfer and battery attachment. In addition, advancement in sustainability practices is forcing manufacturers in the cables to come up with environment-friendly and recyclable cables also contributing to market diversification and growth.

Wire And Cables Market Trend Analysis:

Surge in Renewable Energy Projects Driving Market Growth

• This paper also indicates that the move towards clean and renewable energy sources is affecting the wire and cables market across the world. Wind, solar, and hydropower projects are being developed because governments and private organisations are committing to mitigating their carbon footprint and fulfilling the demand through renewable resources. These projects call for having many cables necessary for power transmission from generation stations to consumers. For instance, the increasing development of offshore wind plants requires high-voltage subsea cables to transmit electricity over large distances. Likewise, Solar Power Plant need a cable that has a high quality and weather proof which help to transmit power efficiently. This trend is expected to remain high as countries gear toward achieving ambitious RE target hence increasing the demand for specialized cables.

Expansion of Smart Cities and Digital Infrastructure

• The proliferation of smart city projects and superior technological infrastructure around the world serve as the market driver for wire and cables. With the cities evolving to adopt IoT, AI and 5G the demand for more reliable and higher capacity cables to support these systems has risen. All smart city measures involve cables for smart grid, traffic system, intelligent lighting, and better security systems. Also, fibre optics cables demand rises due to the increasing need for internet, clouds, and data centers. This is the right time for the wire and cable manufacturers to develop new products and services since governments and other private players are spending more on these areas.

Wire And Cables Market Segment Analysis:

Wire And Cables Market is Segmented on the basis of Voltage, Installation, End User, and Region

By Voltage, Low Voltage segment is expected to dominate the market during the forecast period

• The wire and cables market is expected to be primarily driven by low voltage cable segment during the given time frame owing to its usage in various fields. Low voltage cables are employed across residential, commercial and Industrial buildings mainly in power distribution, lighting and other related applications. Thanks to the ongoing growth of urbanization, consequently, the need for housing construction and new infrastructure is also growing, which stimulates the consumption of low voltage cables. Further, the increasing adoption of renewable energy installation such as Rooftop solar systems in residential and commercial applications increases the requirement of low voltage cables.
• The other important factor driving this segment is increased usage of electric vehicles and charging systems in parallel. Low-voltage cables are used in EV charging stations and battery systems to promote effective and safe power supply. Furthermore, the evolution in the low voltage cable technologies increases the ability of flame-retardant and eco-friendly of them and become popular in all fields.

By Installation, Overhead segment expected to held the largest share

• The overhead segment shall be seen dominating the wire and cables market, mainly due to high application demand for power transmission and distribution. Overhead cables are cheaper to manufacture, simple to install and can be used in transmission of power over long distances, this has made them popular among utility companies. Power demand in the rural segments and the far-flung regions that are in the development growth trajectory across the developing nations is also propelling overhead cables sales. State governments in most countries are spending millions of dollars ensuring the grids are extended and upgraded especially through overhead power lines to enhance supply to consumers.
• In the same regard, overhead cables are moll importantly used in renewable energy facilities for instance in wind as well as solar plant where they are employed in transmitting power from production centers to substation. New material and technology have also enhanced the strength and performance of the underground cables so that they can withstand unfavourable environmental effects. These reasons explain why the segment of the overhead installation has a higher demand in the wire and cables business.

Wire And Cables Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• According to our Research, in the year 2023, the Asia Pacific stands to be the largest consumer of wire and cables with about 40% of the overall sales revenue. This is as a result of high industrialization, rapid urbanization and infrastructure development investment in most emerging markets especially those in Asia such as china and India as well as south east Asian nations. China seats at the helm of the APTA, and rightly so, as it is the biggest producer and customer of wires and cables. The various demands of cables have been sparked by the government and its efforts in developing renewable energy projects, smart grid systems integration and development of high speed rail transportation systems. On the other hand, there is a growth in construction related activities and the extension of power distribution network in India thus boosting this market.

Active Key Players in the Wire And Cables Market:

• ABB (Switzerland)
• Belden Inc. (United States)
• Cablel Hellenic Cables Group (Greece)
• Ducab (UAE)
• Furukawa Electric Co., Ltd. (Japan)
• General Cable (United States)
• Havells India Ltd. (India)
• KEI Industries Limited (India)
• Leoni AG (Germany)
• Nexans (France)
• Polycab India Ltd. (India)
• Prysmian Group (Italy)
• Southwire Company, LLC (United States)
• Sumitomo Electric Industries, Ltd. (Japan)
• Tokyo Rope Manufacturing Co., Ltd. (Japan)
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Wire And Cables Market by Voltage
 4.1 Wire And Cables Market Snapshot and Growth Engine
 4.2 Wire And Cables Market Overview
 4.3 Low Voltage
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Low Voltage: Geographic Segmentation Analysis
 4.4 Medium Voltage
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Medium Voltage: Geographic Segmentation Analysis
 4.5 High Voltage
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 High Voltage: Geographic Segmentation Analysis
 4.6 Extra High Voltage
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Extra High Voltage: Geographic Segmentation Analysis

Chapter 5: Wire And Cables Market by Installation
 5.1 Wire And Cables Market Snapshot and Growth Engine
 5.2 Wire And Cables Market Overview
 5.3 Overhead
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Overhead: Geographic Segmentation Analysis
 5.4 Underground
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Underground: Geographic Segmentation Analysis

Chapter 6: Wire And Cables Market by End User
 6.1 Wire And Cables Market Snapshot and Growth Engine
 6.2 Wire And Cables Market Overview
 6.3 Aerospace & Defense
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Aerospace & Defense: Geographic Segmentation Analysis
 6.4 Building & Construction
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Building & Construction: Geographic Segmentation Analysis
 6.5 Oil & Gas
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Oil & Gas: Geographic Segmentation Analysis
 6.6 Energy & Power
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Energy & Power: Geographic Segmentation Analysis
 6.7 IT & Telecommunication
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 IT & Telecommunication: Geographic Segmentation Analysis
 6.8 Automotive
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Automotive: Geographic Segmentation Analysis
 6.9 Others
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Wire And Cables Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 ABB (SWITZERLAND)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 BELDEN INC. (UNITED STATES)
 7.4 CABLEL HELLENIC CABLES GROUP (GREECE)
 7.5 DUCAB (UAE)
 7.6 FURUKAWA ELECTRIC CO. LTD. (JAPAN)
 7.7 GENERAL CABLE (UNITED STATES)
 7.8 HAVELLS INDIA LTD. (INDIA)
 7.9 KEI INDUSTRIES LIMITED (INDIA)
 7.10 LEONI AG (GERMANY)
 7.11 NEXANS (FRANCE)
 7.12 POLYCAB INDIA LTD. (INDIA)
 7.13 PRYSMIAN GROUP (ITALY)
 7.14 SOUTHWIRE COMPANY LLC (UNITED STATES)
 7.15 SUMITOMO ELECTRIC INDUSTRIES
 7.16 LTD. (JAPAN)
 7.17 TOKYO ROPE MANUFACTURING CO. LTD. (JAPAN)
 7.18 OTHER ACTIVE PLAYERS

Chapter 8: Global Wire And Cables Market By Region
 8.1 Overview
 8.2. North America Wire And Cables Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Voltage
  8.2.4.1 Low Voltage
  8.2.4.2 Medium Voltage
  8.2.4.3 High Voltage
  8.2.4.4 Extra High Voltage
  8.2.5 Historic and Forecasted Market Size By Installation
  8.2.5.1 Overhead
  8.2.5.2 Underground
  8.2.6 Historic and Forecasted Market Size By End User
  8.2.6.1 Aerospace & Defense
  8.2.6.2 Building & Construction
  8.2.6.3 Oil & Gas
  8.2.6.4 Energy & Power
  8.2.6.5 IT & Telecommunication
  8.2.6.6 Automotive
  8.2.6.7 Others
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Wire And Cables Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Voltage
  8.3.4.1 Low Voltage
  8.3.4.2 Medium Voltage
  8.3.4.3 High Voltage
  8.3.4.4 Extra High Voltage
  8.3.5 Historic and Forecasted Market Size By Installation
  8.3.5.1 Overhead
  8.3.5.2 Underground
  8.3.6 Historic and Forecasted Market Size By End User
  8.3.6.1 Aerospace & Defense
  8.3.6.2 Building & Construction
  8.3.6.3 Oil & Gas
  8.3.6.4 Energy & Power
  8.3.6.5 IT & Telecommunication
  8.3.6.6 Automotive
  8.3.6.7 Others
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
 8.4. Western Europe Wire And Cables Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Voltage
  8.4.4.1 Low Voltage
  8.4.4.2 Medium Voltage
  8.4.4.3 High Voltage
  8.4.4.4 Extra High Voltage
  8.4.5 Historic and Forecasted Market Size By Installation
  8.4.5.1 Overhead
  8.4.5.2 Underground
  8.4.6 Historic and Forecasted Market Size By End User
  8.4.6.1 Aerospace & Defense
  8.4.6.2 Building & Construction
  8.4.6.3 Oil & Gas
  8.4.6.4 Energy & Power
  8.4.6.5 IT & Telecommunication
  8.4.6.6 Automotive
  8.4.6.7 Others
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
 8.5. Asia Pacific Wire And Cables Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Voltage
  8.5.4.1 Low Voltage
  8.5.4.2 Medium Voltage
  8.5.4.3 High Voltage
  8.5.4.4 Extra High Voltage
  8.5.5 Historic and Forecasted Market Size By Installation
  8.5.5.1 Overhead
  8.5.5.2 Underground
  8.5.6 Historic and Forecasted Market Size By End User
  8.5.6.1 Aerospace & Defense
  8.5.6.2 Building & Construction
  8.5.6.3 Oil & Gas
  8.5.6.4 Energy & Power
  8.5.6.5 IT & Telecommunication
  8.5.6.6 Automotive
  8.5.6.7 Others
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Wire And Cables Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Voltage
  8.6.4.1 Low Voltage
  8.6.4.2 Medium Voltage
  8.6.4.3 High Voltage
  8.6.4.4 Extra High Voltage
  8.6.5 Historic and Forecasted Market Size By Installation
  8.6.5.1 Overhead
  8.6.5.2 Underground
  8.6.6 Historic and Forecasted Market Size By End User
  8.6.6.1 Aerospace & Defense
  8.6.6.2 Building & Construction
  8.6.6.3 Oil & Gas
  8.6.6.4 Energy & Power
  8.6.6.5 IT & Telecommunication
  8.6.6.6 Automotive
  8.6.6.7 Others
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Wire And Cables Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Voltage
  8.7.4.1 Low Voltage
  8.7.4.2 Medium Voltage
  8.7.4.3 High Voltage
  8.7.4.4 Extra High Voltage
  8.7.5 Historic and Forecasted Market Size By Installation
  8.7.5.1 Overhead
  8.7.5.2 Underground
  8.7.6 Historic and Forecasted Market Size By End User
  8.7.6.1 Aerospace & Defense
  8.7.6.2 Building & Construction
  8.7.6.3 Oil & Gas
  8.7.6.4 Energy & Power
  8.7.6.5 IT & Telecommunication
  8.7.6.6 Automotive
  8.7.6.7 Others
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research