Global Wire and Cable Market Growth (Status and Outlook) 2025-2031

According to this study, the global Wire and Cable market size will reach US$ 92702 million by 2031.

Wire and Cable refer to conductors used to transmit electricity or signals, typically consisting of a metal core (such as copper or aluminum) surrounded by insulation and protective layers. While "wire" usually denotes a single conductor, "cable" consists of two or more insulated conductors bundled together. These products are essential components in power transmission, telecommunications, electronics, automotive, and construction industries.

The global wire and cable market plays a vital role in supporting critical infrastructure across power transmission, telecommunications, industrial automation, and consumer electronics. As modern societies move toward electrification and digitalization, demand for advanced wiring systems has become increasingly complex and essential. This market encompasses a wide range of cable types—from low-voltage building wires to high-voltage power transmission lines, and from traditional copper cables to advanced fiber-optic systems—each tailored to specific use cases in energy, communication, and mobility sectors.

A key trend shaping the market is the transition to renewable energy and smart grid modernization. As governments and utilities invest in solar, wind, and other clean energy sources, the need for durable, high-capacity cables that can withstand harsh environmental conditions is rising.

In the telecommunications sector, the proliferation of data centers, 5G rollouts, and increasing internet penetration are significantly boosting the demand for fiber-optic cables. These cables offer higher bandwidth, faster data transmission, and longer lifecycle performance compared to traditional copper options. Their deployment is critical in supporting digital transformation initiatives globally, especially in emerging markets.

Lastly, the wire and cable industry is witnessing a gradual shift toward sustainability and circular economy principles. Leading manufacturers are investing in environmentally friendly materials, low-carbon production processes, and recycling initiatives to meet regulatory demands and customer expectations. There is also a notable trend of consolidation and vertical integration, as companies aim to secure supply chains, reduce costs, and expand their technological capabilities. Looking ahead, the industry is expected to continue evolving in response to energy transitions, smart infrastructure development, and the increasing complexity of electrical and data networks across the globe.

LPI (LP Information)' newest research report, the “Wire and Cable Industry Forecast” looks at past sales and reviews total world Wire and Cable sales in 2024, providing a comprehensive analysis by region and market sector of projected Wire and Cable sales for 2025 through 2031. With Wire and Cable sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wire and Cable industry.

This Insight Report provides a comprehensive analysis of the global Wire and Cable landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Wire and Cable portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wire and Cable market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wire and Cable and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wire and Cable.

This report presents a comprehensive overview, market shares, and growth opportunities of Wire and Cable market by product type, application, key players and key regions and countries.

Segmentation by Type:
Copper Conductor
Aluminum Conductor
Others

Segmentation by Application:
Building
Power Utility
Data Communication
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Prysmian Group
Nexans
Southwire Company
Sumitomo Electric Industries
LS Cable & System
Furukawa Electric Co., Ltd.
Belden Inc.
NKT A/S
Leoni AG
TE Connectivity
Amphenol Corporation
Havells India
Polycab India Ltd.
Finolex Cables Ltd.
Sterlite Technologies Ltd.
ZTT Group
Fujikura Ltd.
Hitachi Cable Ltd.
J-Power Systems Corporation
Jiangsu Shangshang Cable Group
Yuandong Group
Baosheng Group
Cable Group
Dacon Systems Inc.
American Wire Group
Daburn Electronics & Cable
Polytron Devices

Please note: The report will take approximately 2 business days to prepare and deliver. Show more