The wires and cables are used for transmission of electric and telecommunication signals in domestic and industrial purposes. Different thickness and type of wires and cables are required depending upon the end-use. Thicker cables are used for higher power transmission purposes. Wires are used for domestic purposes such as electronic appliances whereas cables are useful for small and big industries, distribution lines, and transmission lines.
MARKET DYNAMICS
The global wires and cables market is anticipated to grow in the forecast period owing to driving factors such as increasing production of renewable energy and the adoption of smart grid technology. Furthermore, initiatives for upgrading the transmission and distribution systems by government bodies propel the growth of the wires and cables market. However, volatile costs and supply of raw materials are major restraining factors affecting the growth of the wires and cables market. Nonetheless, growing electrification in rural areas of developing nations is likely to showcase growth opportunities for the key players operating in the wires and cables market during the forecast period.
MARKET SCOPE
The "Global Wires And Cables Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of wires and cables market with detailed market segmentation by voltage range, installation, industry vertical, and geography. The global wires and cables market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wires and cables market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wires and cables market is segmented on the basis of voltage range, installation, and industry vertical. Based on voltage range, the market is segmented as up to 1000V, 1000 V-35 kV, 35 kV-230 kV, and above 230 kV. On the basis of the installation, the market is segmented as underground and overhead. The market on the basis of the industry vertical is classified as automotive, aerospace & defense, building & construction, energy & power, IT & telecommunication, oil & gas, and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wires and cables market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wires and cables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting wires and cables market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the wires and cables market in these regions.
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MARKET PLAYERSThe reports cover key developments in the wires and cables market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from wires and cables market are anticipated to lucrative growth opportunities in the future with the rising demand for wires and cables in the global market. Below mentioned is the list of few companies engaged in the wires and cables market.
The report also includes the profiles of key wires and cables companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-Belden Inc.
-Fujikura Ltd.
-Furukawa Electric Co., Ltd.
-LEONI AG
-LS Cable & System Ltd.
-Nexans S.A.
-NKT A/S
-Prysmian Group
-Southwire Company, LLC
-Sumitomo Electric Industrial Wire & Cable Inc.
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