
Global Wires and Cables Market Size Study, by Voltage (Low, Medium, High, Extra-High), by Installation (Overhead, Underground), by End Use, and Regional Forecasts 2022-2032
Description
The Global Wires and Cables Market was valued at approximately USD 211.62 billion in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 14.1% over the forecast period 2024-2032. The rapid transformation of the global power and telecom sectors, alongside increasing urbanization and infrastructure development, has significantly propelled market growth. With the continuous expansion of smart grids, renewable energy projects, and industrial automation, the demand for high-performance and durable wires and cables has reached unprecedented levels. Furthermore, advancements in material sciences and manufacturing techniques are enabling the development of cost-effective, highly efficient, and eco-friendly cabling solutions, thereby bolstering market expansion.
The global wires and cables industry is being driven by surging investments in smart cities, electrification projects, and 5G infrastructure developments. The rising adoption of underground cabling due to its superior reliability and efficiency is further enhancing market dynamics. Additionally, the growing emphasis on renewable energy sources, including solar and wind power, is creating a heightened demand for specialized cabling systems that can withstand extreme environmental conditions. For instance, governments across Europe and North America have been significantly investing in sustainable power transmission projects to enhance energy efficiency and reduce carbon emissions, further driving the market. However, volatility in raw material prices and stringent regulatory standards remain key challenges that could potentially hinder market growth over the forecast period.
Geographically, North America dominates the market, primarily due to its well-established energy infrastructure, rising investments in smart grid technology, and rapid adoption of electric vehicles (EVs). The Asia-Pacific region is poised to witness the fastest growth, driven by large-scale industrialization, expansion of telecommunication networks, and government-backed electrification projects, especially in China, India, and Japan. The European market, led by countries like Germany, the UK, and France, is seeing a surge in demand for high-performance cables for renewable energy integration and modernized transportation networks. Meanwhile, Latin America and the Middle East & Africa (MEA) are emerging markets, with increasing investments in infrastructure development and electricity grid expansion initiatives.
Major Market Players Included in This Report
• Prysmian Group
• Nexans S.A.
• Sumitomo Electric Industries, Ltd.
• LS Cable & System Ltd.
• General Cable Corporation
• Southwire Company, LLC
• Furukawa Electric Co., Ltd.
• Leoni AG
• KEI Industries Limited
• Hengtong Group Co., Ltd.
• Belden Inc.
• Polycab India Limited
• NKT A/S
• TPC Wire & Cable Corp.
• Riyadh Cables Group
The Detailed Segments and Sub-segments of the Market Are Explained Below:
By Voltage:
• Low
• Medium
• High
• Extra-High
By Installation:
• Overhead
• Underground
By End Use:
• Energy & Power
• Telecommunications
• Construction & Infrastructure
• Industrial Manufacturing
• Automotive & Transportation
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of MEA
Common Content for Report Description:
• Market estimates and forecasts for 10 years (2022-2032)
• Annualized revenue and regional-level analysis for each market segment
• Country-level analysis of major regions
• Competitive landscape with key market players and their strategic initiatives
• In-depth analysis of business strategies and recommendations for market entry
• Comprehensive evaluation of the competitive market structure
• Demand-side and supply-side analysis to identify market trends and growth opportunities
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
The global wires and cables industry is being driven by surging investments in smart cities, electrification projects, and 5G infrastructure developments. The rising adoption of underground cabling due to its superior reliability and efficiency is further enhancing market dynamics. Additionally, the growing emphasis on renewable energy sources, including solar and wind power, is creating a heightened demand for specialized cabling systems that can withstand extreme environmental conditions. For instance, governments across Europe and North America have been significantly investing in sustainable power transmission projects to enhance energy efficiency and reduce carbon emissions, further driving the market. However, volatility in raw material prices and stringent regulatory standards remain key challenges that could potentially hinder market growth over the forecast period.
Geographically, North America dominates the market, primarily due to its well-established energy infrastructure, rising investments in smart grid technology, and rapid adoption of electric vehicles (EVs). The Asia-Pacific region is poised to witness the fastest growth, driven by large-scale industrialization, expansion of telecommunication networks, and government-backed electrification projects, especially in China, India, and Japan. The European market, led by countries like Germany, the UK, and France, is seeing a surge in demand for high-performance cables for renewable energy integration and modernized transportation networks. Meanwhile, Latin America and the Middle East & Africa (MEA) are emerging markets, with increasing investments in infrastructure development and electricity grid expansion initiatives.
Major Market Players Included in This Report
• Prysmian Group
• Nexans S.A.
• Sumitomo Electric Industries, Ltd.
• LS Cable & System Ltd.
• General Cable Corporation
• Southwire Company, LLC
• Furukawa Electric Co., Ltd.
• Leoni AG
• KEI Industries Limited
• Hengtong Group Co., Ltd.
• Belden Inc.
• Polycab India Limited
• NKT A/S
• TPC Wire & Cable Corp.
• Riyadh Cables Group
The Detailed Segments and Sub-segments of the Market Are Explained Below:
By Voltage:
• Low
• Medium
• High
• Extra-High
By Installation:
• Overhead
• Underground
By End Use:
• Energy & Power
• Telecommunications
• Construction & Infrastructure
• Industrial Manufacturing
• Automotive & Transportation
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of MEA
Common Content for Report Description:
• Market estimates and forecasts for 10 years (2022-2032)
• Annualized revenue and regional-level analysis for each market segment
• Country-level analysis of major regions
• Competitive landscape with key market players and their strategic initiatives
• In-depth analysis of business strategies and recommendations for market entry
• Comprehensive evaluation of the competitive market structure
• Demand-side and supply-side analysis to identify market trends and growth opportunities
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
285 Pages
- Chapter 1. Global Wires and Cables Market Executive Summary
- 1.1. Global Wires and Cables Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Voltage
- 1.3.2. By Installation
- 1.3.3. By End Use
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Wires and Cables Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Wires and Cables Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rapid Urbanization & Infrastructure Development
- 3.1.2. Technological Advancements in Material Sciences
- 3.1.3. Expansion of Smart Grids & Renewable Energy Projects
- 3.2. Market Challenges
- 3.2.1. Volatility in Raw Material Prices
- 3.2.2. Stringent Regulatory Standards
- 3.3. Market Opportunities
- 3.3.1. Growing Investments in Electrification & 5G Infrastructure
- 3.3.2. Rising Demand for Eco-friendly & High-Performance Cabling Solutions
- 3.3.3. Expansion in Industrial Automation & Smart Cities
- Chapter 4. Global Wires and Cables Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Wires and Cables Market Size & Forecasts by Voltage 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Wires and Cables Market: Voltage Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Low Voltage
- 5.2.2. Medium Voltage
- 5.2.3. High Voltage
- 5.2.4. Extra-High Voltage
- Chapter 6. Global Wires and Cables Market Size & Forecasts by Installation 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Wires and Cables Market: Installation Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Overhead
- 6.2.2. Underground
- Chapter 7. Global Wires and Cables Market Size & Forecasts by End Use 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Wires and Cables Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Energy & Power
- 7.2.2. Telecommunications
- 7.2.3. Construction & Infrastructure
- 7.2.4. Industrial Manufacturing
- 7.2.5. Automotive & Transportation
- 7.2.6. Others
- Chapter 8. Global Wires and Cables Market Size & Forecasts by Region 2022-2032
- 8.1. North America Wires and Cables Market
- 8.1.1. U.S. Wires and Cables Market
- 8.1.1.1. Segment Breakdown (Voltage/Installation/End Use) & Forecasts, 2022-2032
- 8.1.2. Canada Wires and Cables Market
- 8.2. Europe Wires and Cables Market
- 8.2.1. U.K. Wires and Cables Market
- 8.2.2. Germany Wires and Cables Market
- 8.2.3. France Wires and Cables Market
- 8.2.4. Spain Wires and Cables Market
- 8.2.5. Italy Wires and Cables Market
- 8.2.6. Rest of Europe Wires and Cables Market
- 8.3. Asia-Pacific Wires and Cables Market
- 8.3.1. China Wires and Cables Market
- 8.3.2. India Wires and Cables Market
- 8.3.3. Japan Wires and Cables Market
- 8.3.4. Australia Wires and Cables Market
- 8.3.5. South Korea Wires and Cables Market
- 8.3.6. Rest of Asia-Pacific Wires and Cables Market
- 8.4. Latin America Wires and Cables Market
- 8.4.1. Brazil Wires and Cables Market
- 8.4.2. Mexico Wires and Cables Market
- 8.4.3. Rest of Latin America Wires and Cables Market
- 8.5. Middle East & Africa Wires and Cables Market
- 8.5.1. Saudi Arabia Wires and Cables Market
- 8.5.2. South Africa Wires and Cables Market
- 8.5.3. Rest of Middle East & Africa Wires and Cables Market
- Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company A
- 9.1.2. Company B
- 9.1.3. Company C
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Company A
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Company B
- 9.3.3. Company C
- 9.3.4. Company D
- 9.3.5. Company E
- 9.3.6. Company F
- 9.3.7. Company G
- 9.3.8. Company H
- 9.3.9. Company I
- 9.3.10. Company J
- Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- List of Tables
- TABLE 1. Global Wires and Cables Market, Report Scope
- TABLE 2. Global Wires and Cables Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
- TABLE 3. Global Wires and Cables Market Estimates & Forecasts by Voltage 2022-2032 (USD Billion)
- TABLE 4. Global Wires and Cables Market Estimates & Forecasts by Installation 2022-2032 (USD Billion)
- TABLE 5. Global Wires and Cables Market Estimates & Forecasts by End Use 2022-2032 (USD Billion)
- TABLE 6. Global Wires and Cables Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
- TABLE 7. Global Wires and Cables Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
- TABLE 8. [Additional Table Title]
- TABLE 9. [Additional Table Title]
- TABLE 10. [Additional Table Title] …
- This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- FIGURE 1. Global Wires and Cables Market, Research Methodology
- FIGURE 2. Global Wires and Cables Market, Market Estimation Techniques
- FIGURE 3. Global Market Size Estimates & Forecast Methods
- FIGURE 4. Global Wires and Cables Market, Key Trends 2023
- FIGURE 5. Global Wires and Cables Market, Growth Prospects 2022-2032
- FIGURE 6. Global Wires and Cables Market, Porter’s 5 Force Model
- FIGURE 7. Global Wires and Cables Market, PESTEL Analysis
- FIGURE 8. Global Wires and Cables Market, Value Chain Analysis
- FIGURE 9. Global Wires and Cables Market by Segment, 2022 & 2032 (USD Billion)
- FIGURE 10. Global Wires and Cables Market by Segment, 2022 & 2032 (USD Billion)
- FIGURE 11. Global Wires and Cables Market by Segment, 2022 & 2032 (USD Billion)
- FIGURE 12. Global Wires and Cables Market by Segment, 2022 & 2032 (USD Billion)
- FIGURE 13. Global Wires and Cables Market by Segment, 2022 & 2032 (USD Billion)
- FIGURE 14. Global Wires and Cables Market, Regional Snapshot 2022 & 2032
- FIGURE 15. North America Wires and Cables Market 2022 & 2032 (USD Billion)
- FIGURE 16. Europe Wires and Cables Market 2022 & 2032 (USD Billion)
- FIGURE 17. Asia-Pacific Wires and Cables Market 2022 & 2032 (USD Billion)
- FIGURE 18. Latin America Wires and Cables Market 2022 & 2032 (USD Billion)
- FIGURE 19. Middle East & Africa Wires and Cables Market 2022 & 2032 (USD Billion)
- FIGURE 20. Global Wires and Cables Market, Company Market Share Analysis (2023) …
- This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.
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