Wire and Cable Market by Installation Type (Overhead and Underground), Voltage (Low, Medium, High and Extra High) End User and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global Wire and Cable market size was valued at $192.84 billion in 2020, and is projected to reach $264.22 billion by 2026, growing at a CAGR of 5.4% during the forecast period.
 
• Driven by renewal of existing power transmission and distribution network, technological advancements and increasing income of consumers have resulted in increased spending on automobiles, transmission network development, and rapid urbanization and rising global population.

• Additionally, increasing investments in industrial sectors and rising demand for insulated wire and cable is further to enhance the market growth.

• However, fluctuating raw material prices and electronic devices which rely on wireless technology to restrain the market.

A wire is a single conductor made up of copper and aluminium, and a cable consists of two or more insulated wire wrapped in a single jacket which allows the charge to pass-through.  Both of them carry electrical current from the power source to the end-user device, like an outlet and inlet. Wire and cable are the two different terms which are used in electrical and communication fields.

By End User, the Energy and Power Segment Emerge as the Dominant Segment

The energy and power segment dominates in terms of the end user, driven by increasing investments in grid expansion projects and several technological advancements such as, shifting the old transmission lines to high/extra high voltage lines to avoid the conduction losses are been made in the electricity T&D ecosystem. These modifications aim at making the ecological unit steady in contradiction of the alternating nature of renewable sources of energy.

By Geography, Asia Pacific Region Holds a Substantial Market Share

Asia Pacific region accounted for the largest revenue share in the wires and cables market. The increasing demand for electricity from renewable energy is a major factor attributed to regional market growth. Moreover, the increasing demand for communication, light and power is anticipated to propel the market over the forecast period. The Government of India has organized to make the country one of the electrical equipment producers and obtain productivity. The government initiatives like “Go Green” and “Make in India” policy is expected to drive the market in India.

List of the Key Players Profiled in the Market Include:

• Furukawa Electric Co., Ltd
• Nexans
• Prysmian Group
• Southwire Company
• KEI Industires Ltd
• Sumitomo Corporation
• LS Cable & System
• Fujikura Ltd.
• Amphenol
• Cords Cable Industries Ltd
• Marlin Steel Wire Products LLC
• Belden Inc
• Polycab
• Encore Wire Corp
• Finolex Cables Ltd

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Installation Type:
• Overhead
• Underground

Market by, Voltage:
• Low Voltage
• Medium Voltage
• High Voltage
• Extra High Voltage

Market by, End User:
• Aerospace & Defense
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Consumer Electronics
• Manufacturing
• Automotive
• Other End Users

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview            
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology           
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       

4 Market Dynamics           
    4.1 Market Drivers       
            4.1.1 Renewal of existing power transmission and distribution network
            4.1.2 Technological advancements and increasing income of consumers have resulted in increased spending on automobiles
            4.1.3 Rapid urbanization and rising global population
            4.1.4 Increasing investments in industrial sectors
            4.1.5 Rising demand for insulated wire and cable
    4.2 Market Restraints       
            4.2.2 Fluctuating raw material prices and electronic devices
            4.2.3 Electronic devices which rely on wireless technology
    4.3 Impact of COVID-19 on Wire and Cable Market    
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Wire and Cable Market by, Installation Type        
    6.1 Overview       
    6.2 Overhead       
    6.3 Underground       
             
7 Global Wire and Cable Market by, Voltage        
    7.1 Overview       
    7.2 Low Voltage       
    7.3 Medium Voltage       
    7.4 High Voltage       
    7.5 Extra High Voltage       
             
8 Global Wire and Cable Market by, End User        
    8.1 Overview       
    8.2 Aerospace & Defense      
    8.3 Building & Construction      
    8.4 Oil & Gas        
    8.5 Energy & Power       
    8.6 IT & Telecommunication      
    8.7 Consumer Electronics      
    8.8 Manufacturing       
    8.9 Automotive       
    8.10 Other End Users       
             
9 Global Wire and Cable Market by, Geography        
    9.1 Overview       
    9.2 North America       
    9.3 Europe        
    9.4 Asia Pacific       
    9.5 South America       
    9.6 Middle East & Africa      
             
10 Key Developments           
             
11 Company Profiling           
    11.1 Furukawa Electric Co., Ltd      
            11.1.1 Business Overview
            11.1.2 Product/Service Offering
            11.1.3 Financial Overview
            11.1.4 SWOT Analysis
            11.1.5 Key Activities
    11.2 Nexans        
    11.3 Prysmian Group       
    11.4 Southwire Company      
    11.5 KEI Industires Ltd       
    11.6 Sumitomo Corporation      
    11.7 LS Cable & System       
    11.8 Fujikura Ltd.       
    11.9 Amphenol       
    11.10 Cords Cable Industries Ltd      
    11.11 Marlin Steel Wire Products LLC     
    11.12 Belden Inc       
    11.13 Polycab        
    11.14 Encore Wire Corp       
    11.15 Finolex Cables Ltd