As per this study the Global Wires And Cables Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%.
Wires and cables are used to interconnect various components in electronic systems, they look very similar but are actually quite different from each other. The wire is a single electrical conductor and cables are a group of wires swathed in sheathing. These are made up of various materials such as copper, aluminum, glass fiber, and others. Wires and cables find application across various industries such as construction, telecommunication, transport and others.
The growing construction of buildings along with the rapid urbanization across the globe is driving market growth. Also, increasing government initiatives for the renewal of existing power transmission and distribution network is further fuelling the market growth. In addition, increasing motor vehicle production owing to the rising demand for vehicles is further accelerating market growth. However, the fluctuating cost of raw materials may hinder market growth. Though, growing developments in communication technology are likely to offer the opportunity over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of wires and cables.
The broad wires and cables market has been sub-grouped into type, material and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Low Voltage
- Medium And High Voltage
- Optical Fiber Cable
- Data Transmission
- Power Transmission and Distribution
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for wires and cables in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Wires And Cables Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the wires and cables market includes Far East Cable Co, Furukawa Electric Co., Ltd., General Cable Corporation, Hengtong Optic-Electric Co Ltd, Hitachi Metals Ltd, Jiagnan Group, Leoni AG, LS Cable & System Ltd., Nexans S.A, Polycab Wires Private Limited, Prysmian Group., Southwire Company, Sumitomo Electric Industries, and TPC Wire & Cable Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.