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IT Telecommunication Wires and Cables Market Share

Report ID: GMI9970
Published Date: Jun 2024
Report Format: PDF

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IT Telecommunication Wires and Cables Market Share

Prysmian S.p.A and Southwire Company LLC hold a significant share of over 8% in the IT telecommunication wires and cables industry. Prysmian S.p.A is a global leader in the production of energy and telecom cables and systems. The company specializes in fiber optic cables for telecommunications as well as high-tech cables for energy distribution and transmission. It provides services to a variety of industries such as infrastructure, construction, and telecommunications. The company is a significant contributor to the advancement of energy efficiency and worldwide connection owing to its wide range of products and dedication to sustainability and innovation.

Southwire Company LLC is a leading manufacturer of electrical and utility wire and cable. It offers a wide range of goods such as industrial power cables, utility cables, and building wire. The company is well known for its dedication to quality, innovation, and sustainability. To satisfy the expanding demands of the worldwide electrical industry, Southwire, which serves a variety of industries, including OEM, utilities, and construction, focuses on creating effective and eco-friendly solutions.

IT Telecommunication Wires and Cables Market Companies

Major players operating in the IT telecommunication wires and cables industry are:

American Wire Group
Belden Incorporated
CommScope Holding Company Inc.
Corning Incorporated
Nexans
Prysmian S.p.A
Southwire Company LLC

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The IT telecommunication wires and cables market was valued at USD 33.7 billion in 2023 and is anticipated to grow at over 8% CAGR between 2024 and 2032 owing to the advancements in fiber optic technology.

The medium voltage segment in the market is expected to reach over 20 billion by 2032 as electricity is distributed to industrial, commercial, and residential consumers from substations using this voltage range.

Asia Pacific IT telecommunication wires and cables market accounted for over 37% share in 2023 due to its expansive manufacturing capabilities and growing infrastructure projects.

American Wire Group, Belden Incorporated, CommScope Holding Company Inc., Corning Incorporated, Nexans, Prysmian S.p.A, and Southwire Company LLC