Press release
Wires And Cables Market Development Factors And Investment Analysis By Leading Manufacturers
The Business Research Company
The global wires and cables market reached a value of nearly $136.7 billion in 2018, having grown at a compound annual growth rate of more than 3.0% since 2014. 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 Key drivers of the wires and cables market include:-
Renewal Of Power Transmission Networks: The wires and cables market was driven by the renewal of existing power transmission networks, especially in developed economies. This was mainly driven by the increase in government investments in power infrastructure.
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Wires And Cables Market Segmentation:-
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
Some of the major key players involved in the wires and cables market are
1. Sumitomo Electric Industries Ltd.
2. LEONI AG
3. South Wire Company LLC
4. Furukawa Electric Industries Ltd.
5. Amphenol Corporation
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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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