Global Wires and cables Market

1
Global Wires and cables Market was valued US
186.00 Bn in 2017 and is estimated to reach
US 370.00 Bn by 2026 at a CAGR of 8.9. Global
wires and cables are segmented into by voltage,
by installation, by an end user, and by region.
Based on the voltage wires and cables market is
divided into low, high and extra high.
Installation is split into the overhead,
underground. End users are classified as
aerospace defense, automotive, building
construction, oil gas, energy power, IT
telecommunication. Region wise the market is
divided into North America, Europe, Asia
Pacific, Middle East Africa, and Latin
America. Growing reserves in smart grid
technology, increasing renewable energy
production, and government initiatives for
upgrading the transmission and distribution
systems are expected to drive this market.
Adoption of smart grid technology has fulfilled
the increasing need for grid interconnections,
significantly resulting in growing investments in
the new submarine and underground
cables. Additionally, the market growth is
attributed to the rising offshore wind farms and
high voltage direct current links. Another
drivers of the market are, Need for good
aesthetics, safety and, functional flexibility.
Request From data centers and IT facilities.
Rapid growth into construction sector. Opportuniti
es of the market is growing demand from renewable
power generation sector. Based on the voltage,
low voltage segment dominating the market. Low
voltage cables have high tensile strength and
superior conductivity. So, used in industrial and
domestic home appliances wiring, internal wiring
for lighting circuits, power supply, automotive
applications, telecommunication lines, and power
generation cables. On the basis of end user,
Energy and power segment hold the largest share
of the overall market. With increasing
awareness, the manufacturers are actively seeking
chances to invest in renewable energy
generation, such as solar and wind power. In
terms of region, Asia Pacific most dominated the
wires and cable market in 2017. The dominance of
the region in the market is attributed to its
large population base, rising industrialization
and urbanization, development in transmission
and distribution networks, growing renewable
energy production, large automobile production,
and supportive governmental initiatives for
expansion or upgrade of existing
infrastructure. Key players operating on the
market are, Prysmian Group, Hengtong
Optic-Electric Co Ltd., Furukawa Electric Co.,
Ltd., Sumitomo Electric Industries, Ltd., General
Cable Corporation, Jiagnan Group, TPC Wires
Cable Corp, LS Cable System Ltd, Polycab Wires
Private Limited, Southwires Company, LLC,
Hitachi Metals Ltd, Nexans S.A., Leoni AG, and
Far East Cable Co., Ltd. For more information
visit _at_ https//www.maximizemarketresearch.com/mar
ket-report/wire-and- cable-market/12308/
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• Scope of the Global Wires and Cables Market
• Global Wires and Cables Market, by Voltage
• Low
• High
• Extra high
• Global Wires and Cables Market, by Installation
• Overhead
• Underground
• Global Wires and Cables Market, by End User
• Aerospace Defence
• Automotive
• Building Construction
• Oil Gas

3

• Furukawa Electric Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• General Cable Corporation
• Jiagnan Group
• TPC Wires Cable Corp
• LS Cable System Ltd
• Polycab Wires Private Limited
• Southwires Company
• LLC
• Hitachi Metals Ltd
• Nexans S.A.
• Leoni AG
• Far East Cable Co., Ltd
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