The future of the wire and cable market looks promising with opportunities in the utilities, industrial, residential, and commercial sectors. The global wire and cable market is expected to reach an estimated $164.3 billion by 2027 with a CAGR of 5.7% from 2021 to 2027. The major drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Answer: The global wire and cable market is expected to reach an estimated $164.3 billion by 2027
Q2. What is the growth forecast for wire and cable market?
Answer: The wire and cable market is expected to grow at a CAGR of 5.7% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the wire and cable market?
Answer: The major drivers for this market growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Q4. What are the major applications or end use industries for wire and cable?
Answer: Utilities and residential are the major end use industries for wire and cable.
Q5. Who are the key wire and cable companies?
Answer: Some of the key wire and cable companies are as follows:
Answer: The analyst forecasts that low voltage cable is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in construction as well as automotive sector, especially in China and India.
Q7: In wire and cable market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Wire and Cable Market by Segment
The study includes a forecast for the global wire and cable market by voltage type, end use industries, and region as follows:Wire and Cable Market by Voltage Type [$M shipment analysis for 2016-2027]:
- Low Voltage
- Medium Voltage
- High Voltage
Wire and Cable Market by End Use Industries Market [$M shipment analysis for 2016-2027]:
- Utilities
- Industrial
- Residential
- Commercial
Wire and Cable Market by Region [Value ($B) shipment analysis for 2016-2027]:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- The United Kingdom
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
List of Wire and Cable Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wire and cable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wire and cable companies profiled in this report includes.- Prysmian Group
- Nexans S.A.
- Leoni AG
- NKT A/S
- Sumitomo Electric Industries
- Encore Wire Corporation
- KEI Industries Limited
- Southwire
Wire and Cable Market Insight
- The analyst forecasts that low voltage cable is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in construction as well as automotive sector, especially in China and India.
- Utilities are expected to remain the largest end use market due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand.
- The residential segment is expected to witness the highest growth in the forecast period supported by increasing construction activities and increasing demand for heating, cooling, and air-conditioning (HVAC) equipment..
- Asia Pacific is expected to remain the largest market over the forecast period due toe conomic expansion, industrialization, urbanization, and rural electrification projects, particularly in India and China, are leading the demand for energy cables.
Features of Wire and Cable Market
- Market Size Estimates: Wire and cable market size estimation in terms of value ($M)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by voltage type and end use industry.
- Regional Analysis: Wire and cable market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different voltage type, end use industry, and regions for the wire and cable market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the wire and cable market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the wire and cable market size?Answer: The global wire and cable market is expected to reach an estimated $164.3 billion by 2027
Q2. What is the growth forecast for wire and cable market?
Answer: The wire and cable market is expected to grow at a CAGR of 5.7% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the wire and cable market?
Answer: The major drivers for this market growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Q4. What are the major applications or end use industries for wire and cable?
Answer: Utilities and residential are the major end use industries for wire and cable.
Q5. Who are the key wire and cable companies?
Answer: Some of the key wire and cable companies are as follows:
- Prysmian Group
- Nexans S.A.
- Leoni AG
- NKT A/S
- Sumitomo Electric Industries
- Encore Wire Corporation
- KEI Industries Limited
- Southwire
Answer: The analyst forecasts that low voltage cable is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in construction as well as automotive sector, especially in China and India.
Q7: In wire and cable market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global wire and cable market by voltage type (low voltage cables, medium voltage cables, and high voltage cables), end use industry (utilities, industrial, residential, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Wire and Cable Market Dynamics
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Prysmian Group
- Nexans S.A.
- Leoni AG
- NKT A/S
- Sumitomo Electric Industries
- Encore Wire Corporation
- KEI Industries Limited
- Southwire
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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