Wire And Cable Market 2019-2028 Size, Share, Driving Factors Study

Wires and cables are used in many applications for transmission of electricity or electrical signals. Wire is a single electrical conductor and cable is a group of wires used to carry electrical currents. Cables are classified as twisted pair, coaxial cable, and fiber optic cable.

Increasing urbanization and increasing government investments into expansion of power transmission & distribution networks across developed and developing economies are major factors driving growth of the global wire and cable market. In addition, increasing construction of residential and commercial buildings and growing demand for uninterrupted electricity are other major factors expected to boost growth of the global wire and cable market over the forecast period.

The global Wire and Cable market report has been segmented on the basis of type, application, by material, and region. On the basis of region, the global Wire and Cable market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Global wire and cable market segmentation:

By type:

• Low Voltage
• Medium and High Voltage
• Optical Fiber Cable

By material:

• Copper
• Aluminum
• Glass

By application:

• Buildings
  • Residential
  • Commercial
• Data Transmission
• Transport
• Power Transmission and Distribution

The market in Asia Pacific accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to government initiatives for upgrading and expansion of existing power transmission and distribution infrastructure in the region. Revenue from the market in Europe accounted for second-highest share and is closely followed by the markets in North America, Middle East & Africa, and Latin America respectively. This is attributed increasing use of specialty wires and cables for data transmission in this region. Furthermore, the market in North America is projected to witness significant growth over the forecast period, and is expected to register a CAGR. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global wire and cable market include: Prysmian Group, Hengtong Optic-Electric Co Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., General Cable Corporation, Jiangnan Group Limited, TPC Wire & Cable Corp., LS Cable & System Ltd., Polycab Wires Private Limited, Southwire Company, LLC, and Hitachi Metals Ltd.

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Main Aim Of The Report:

1) To deliver an extensive study of this industry exhibition together with an estimation of the various sections and sub-segments.
2) To cover insights by factors impacting the industry improvement.
3) To present past and future earnings of their market section and sub-segments with respect to major geographies and states – worldwide.
4) A regional-level examination of this market linked to the current market size and future prospects.
5) To present a study of the market by particular departmental research methodologies, product type, and also industry sub-segments.
6) To establish strategical profiling of players on the present market, thoroughly assessing their significant abilities, and outline on a competitive scenario to the market.
7) Track and study the competitive advancement of global markets such as joint ventures, strategic association, collaboration and acquisitions, new product development, and research.
8) To examine – based on various different features – price study, supply chain study, porter five forces analysis, and PESTEL analysis, SWOT study etc.

Furthermore, the study evaluates major market points like growth revenue, capacity usage ratio, overall industry profit, price, volumes, overall margin, cost, demand, supply, export-import, consumption, extension rate and market share and thus forth.