The global Wire & Cable market was valued at US$ 99410 million in 2020 and it is expected to reach US$ 142780 million by the end of 2027, growing at a CAGR of 5.4% during 2021-2027.
Wire and Cable are used to connect two or more devices, enabling the transfer of electrical signals or power from one device to the other. Cables are used for a wide range of purposes, and each must be tailored for that purpose. Wire and Cable are used extensively in electronic devices for power and signal circuits. Long-distance communication takes place over undersea cables. Power cables are used for bulk transmission of alternating and direct current power, especially using high-voltage cable. Wire and Cable are extensively used in building wiring for lighting, power and control circuits permanently installed in buildings. Since all the circuit conductors required can be installed in a cable at one time, installation labor is saved compared to certain other wiring methods.
Global key wire & cable manufacturers include Prysmian, Nexans, Hengtong Group etc.The top 5 companies hold a share over 25%.Asia Pacific is the largest market, with a share about 48%, followed by Europe and North America with the share about 20% and 15%.
Global Wire & Cable Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Wire & Cable Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Prysmian, Nexans, KEI Industries, LS Cable & System, Sumitomo Electric, Fujikura, Furukawa Electric, NKT, TF Kable, Qingdao Hanhe Cable, Orient Cables, YOFC, Hengtong Group, ZTT Group, Baosheng Science & Technology Innovation, Far East Smarter Energy and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-wire-cable-market-research-report
Segment by Type
- Electric Power Cable
- Industrial Cable
- Telecom & Data Cable
Segment by Application
- Electric Utility
- Construction and Infrastructure
- Transportation & Mobility
Table of Content:
1 Wire & Cable Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Wire & Cable Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Wire & Cable Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta