Press release
Wires And Cables Market Report 2020-2030 | Covid 19 Impact And Recovery
Wires And Cables Market
The global wires and cables market is expected to decline from $236.2 billion in 2019 to $232.7 billion in 2020 at a compound annual growth rate (CAGR) of -1.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $293.8 billion in 2023.
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The communication and energy wire and cable manufacturing market consists of sales of communication and energy wires and cables by entities (organizations, sole traders and partnerships) that produce insulating fiber optic cable, and insulated nonferrous wire and cable from nonferrous wire drawn in other establishments.
Polymer optic fiber is widely being used in automotive, aircraft manufacturing, electronics and other industries apart from telecommunications industry. Polymer optic fiber which is similar to glass optic fiber is made with polymer and transmits light through the core of fiber. It comprises polymethyl methacrylate(PMMA) which facilitates light transmission along with fluorinated polymers which is the cladding material. Polymer optic fibers are light weight and comparatively less expensive and support bit rates of upto 10Gbps .Polymer optic fiber applications include Internet Of Things, home networking, sensors for structural health monitoring. Major companies offering polymer optic fiber include the following Mitsubishi Rayon, Asahi Kasei, Asahi Glass and Fujifilm.
Wires And Cables Market Segmentation: -
By Type
Other Cables
Fiber Optical Cable
Coaxial Cables
By End-Use Industry
Energy
Telecommunications
Building & Construction
Industrial Manufacturing
Automotive
Medical Equipment
Others
By Sales Channel
OEM
Aftermarket
By Mode
Online
Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Wires And Cables Market Characteristics
4. Wires And Cables Market Product Analysis
5. Wires And Cables Market Supply Chain
.....
20. Wires And Cables Market Competitive Landscape
21. Key Mergers And Acquisitions In The Wires And Cables Market
22. Market Background: Electrical Equipment Manufacturing Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the Wires And Cables Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Wires And Cables Market are Sumitomo Electric Industries Ltd; Prysmian Group; Furukawa Electric; Leoni AG; Southwire Company LLC
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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