Market Segmentation
- Wires and Cables Voltage Outlook (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Wires and Cables Installation Outlook (Revenue, USD Billion, 2017 - 2030)
- Wires and Cables End-use Outlook (Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- North America Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- North America Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- North America Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- U.S.
- U.S. Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- U.S. Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- U.S. Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Canada
- Canada Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Canada Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- Canada Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Mexico
- Mexico Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Mexico Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- Mexico Wires and Cables Market, by End-Use (Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Europe
- Europe Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Europe Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- Europe Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- U.K.
- U.K. Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- U.K. Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- U.K. Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Germany
- Germany Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Germany Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- Germany Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Asia Pacific
- Asia Pacific Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Asia Pacific Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- Asia Pacific Wires and Cables Market, by End-Use (Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- China
- China Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- China Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- China Wires and Cables Market, by End-Use (Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- India
- India Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- India Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- India Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Japan
- Japan Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Japan Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- Japan Wires and Cables Market, by End-Use(Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- South America
- South America Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- South America Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- South America Wires and Cables Market, by End-use (Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- Brazil
- Brazil Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- Brazil Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- Brazil Wires and Cables Market, by End-Use (Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
- MEA
- MEA Wires and Cables Market, by Voltage (Revenue, USD Billion, 2017 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
- MEA Wires and Cables Market, by Installation (Revenue, USD Billion, 2017 - 2030)
- MEA Wires and Cables Market, by End-Use (Revenue, USD Billion, 2017 - 2030)
- Aerospace & Defense
- Building & Construction
- Oil & Gas
- Energy & Power
- IT & Telecommunication
- Others
Wires And Cables Market Dynamics
Driver: Expansion of construction and infrastructural activities
There has been a rapid increase in economic activity and urbanization globally, which is driving strong growth in infrastructure and construction sectors. Demand from various sectors such as commercial, residential, automotive, telecom, energy, and power is leading to the expansion and upgrade of infrastructure, which is anticipated to drive the demand for wires and cables. Developing countries, such as China, India, and Vietnam, are spending a significant portion of their GDP on infrastructural development. For instance, in October 2022, the Ministry of Information and Broadcasting (MIB) in India issued an advisory requesting that state governments, central government ministries, and union territories involved in the distribution of broadcasting content cease distribution activities by December 31, 2023. With rapid urbanization, the development of smart cities, and infrastructure growth, the demand for power, telecom, and optic fiber cables is likely to increase through 2030. Governments in developing countries are concentrating more on urbanization through regulations and budget allocations to improve the infrastructure of the countries. For instance, in India, according to the National Infrastructure Pipeline, the number of metropolitan cities is expected to increase to 68 in 2030 from 46 in 2001. This is expected to drive demand for infrastructural developments, leading to strong market growth.
Driver: Rising renewable energy generation globally
The energy transmission & distribution ecosystem is undergoing several technological improvements, such as moving outdated transmission lines to high- or extra-high-voltage lines to reduce transmission losses. These modifications are intended to stabilize ecosystems in contrast to the intermittent nature of renewable energy sources. Moreover, new technologies such as net metering for solar households and the synchronized charging of EVs have severely impacted the utility industry. However, demand for countries to connect their transmission networks has increased due to growing capacity and energy production from renewable sources. This link-up is expected to balance power generation and demand through the import and export of electricity. With the increase in renewable energy generation, the electricity trade is anticipated to increase, resulting in the development of higher capacity interconnection lines and further driving the wires and cables market. Various emerging regions are increasing their deployment and investment in renewable energy technologies, which can again drive market expansion.
Restraint: Increasing raw material prices
The most widely used raw materials for manufacturing cables are aluminum and copper. Other materials used include gold, silver, thermoplastics, and thermosets like XLPE, CPE, and EPR. Copper is regarded as the standard in electrical conductors and is available at cheaper rates as compared to silver. Silver has better conductivity as compared to copper and aluminum but is expensive. Aluminum is the most preferred metal in the wires and cables used in lighter-weight applications. According to the World Bank report, the price of aluminum is rising. It reached a value of USD 2,534 per metric ton in May 2021, which was the highest over the previous two years, indicating that it is a key factor in the rising cost of resources. Volatile prices of raw materials such as soaring exploration costs, relationships between governments and mining companies, labor price hikes, and transportation burden wire & cable manufacturers. This leads to increased costs that lead to reduced sales, as customers are unwilling to spend extra money for purchasing wires and cables. Thus, volatile prices of raw materials act as a major restraint for the overall market.
What Does This Report Include?
This section will provide insights into the contents included in this wires and cables market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Wires and cables market qualitative analysis
Wires and cables market quantitative analysis
-
Market size, estimates, and forecast from 2017 to 2030
-
Market estimates and forecast for product segments up to 2030
-
Regional market size and forecast for product segments up to 2030
-
Market estimates and forecast for application segments up to 2030
-
Regional market size and forecast for application segments up to 2030
-
Company financial performance