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Wire and Cable Market Trends

  • Report ID: GMI4859
  • Published Date: Jun 2024
  • Report Format: PDF

Wire and Cable Market Trends

Robust growth of the consumer electronic sector coupled with enlargement of grid infrastructure network will significantly enhance the industry outlook. Increasing investment in research and development activities by various manufacturers to enhance their product portfolio and evolving consumer demand will propel the business scenario. The transition to renewable energy sources including solar and wind power has led to a growing demand for these wire and cable portfolio which are efficiently transmitting renewable energy over long distances.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of wire and cable was crossed USD 240.3 billion in 2023 and is set to grow at 8.1% CAGR through 2032, due to the adoption of smart grid network.

The power cables segment in the wire and cable market is set to exceed USD 290 billion by 2032 owing to their extensive applications in low rated capacity networks.

Asia Pacific wire and cable market is expected to reach over USD 325 billion by 2032 attributed to rising electricity demand coupled with inadequate grid infrastructure.

Alfanar Group, Bahra Cables, BELDEN, Brugg Kabel AG, Ducab, Elsewedy Electric, Federal Cables, Fujikura Ltd., HELUKABEL MiddleEast, Jeddah Cables, KEI Industries Limited, Midal Cables Ltd., Naficon, and Nexans among others.

Wire and Cable Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 20
  • Countries covered: 32
  • Pages: 80
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