Press release
Wires And Cables Market Latest Rising Trends Forecast to 2022 - Leading Players Sumitomo Electric Industries Ltd., LEONI AG, South Wire Company LLC, Furukawa Electric Industries Ltd.
wires and cables market consists of the sales of new wires and cables by entities (organizations, sole traders and partnerships) that manufacture insulated fiber optic cables which are network cables containing strands of glass fibers inside an insulated case, and coaxial cables and other insulated nonferrous wires which are copper and aluminum wires used by industries including energy, automotive, telecoms and others.
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The growth of the market in the historic period can be attributed to the rise in electricity consumption in both the developed and developing countries, renewal of power transmission networks in developed countries, growth in the automobile industry, and growth in emerging economies.
The top opportunities in the global wires and cables market will arise in the fiber optical cables segment which will gain $21.14 billion of global annual sales by 2022. The wires and cables market size will gain the most in China. wires and cables market-trend-based strategies include investments in technologies, increasing production of fire resistant cables and collaboration to provide technologically equipped products.
Wires And Cables Market Segmentation: -
By Type Of Product - The wires and cables market can be segmented by type of product
1. Other Cables
2. Fiber Optic Cable
3. Co-axial Cable
Other cables was the largest segment in the global wires and cables market in 2018, accounting for 72.6% of the market. This is attributed to the large-scale use of cables such as insulated cables, shipboard cables and aircraft and automotive cables in end use markets such as automotive, aircraft manufacturing, and construction.
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By Geography - The wires and cables market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
Asia-Pacific is the largest market for wires and cables, accounting for 42.0% of the global market in 2018. It was followed by Western Europe, North America and then the other regions. Going forward, Africa and South America will be the fastest growing regions in the wires and cables market, where growth will be at CAGRs of 11.4% and 8.4% respectively.
Some of the major key players involved in the wires and cables market are Sumitomo Electric Industries Ltd., LEONI AG, South Wire Company LLC, Furukawa Electric Industries Ltd., Amphenol Corporation, Intel Corporation, Nexans, Heatsense Cables, JDR cablesCellergy Ltd., UK Cables, Kyocera Corp, Polycab Wires Pvt. Ltd, Sterlite Technologies Ltd, Finolex Cables Ltd., Havells India Ltd, Hengtong, S.G.H. Electric Wire & Cable Co Ltd, Jiangnan Group Limited, Nordiske Kabel- og Traadfabriker, Tomskcable LLC, Irkutskkabel JSC, TFKable, Special Systems And Technologies, Telcon Fios, Saudi Cable Company, Middle East Fiber Cable Manufacturing Company, ZTT International, Global Emirates Cables & System Industries, TELDOR Cables & Systems Ltd, Abhar Cable Co, Nigeria Wire and Cable Plc, CBI Electric Telecom Cables, Geoelis Cables Ltd.
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