Press release
Global Wire And Cable Market To Reach Valuation Of US$ 285.05 Billion By 2031: Fact.MR Study
According to Fact.MR, a market research and competitive intelligence company, the worldwide wire and cable market is expected to grow at a CAGR of 5.3 percent from 2022 to 2031, reaching a valuation of US$ 285.05 billion.The key driver of market development is rapid infrastructural expansion paired with rising urbanisation. As a result, the whole demand for energy and electricity in numerous industries has been altered. The need for contemporary, dependable technology is increasing, necessitating the creation of more efficient power systems.
As the number of data centres grows, so will the demand for wires and cables, resulting in enhanced availability, security, and cost-effective connectivity of IT infrastructure. Cable producers are increasing their fire-resistant cable production facilities to suit the increased demand for these goods from the construction sector.
Looking For Regional & Segment Analysis? Check Here: https://www.factmr.com/connectus/sample?flag=S&rep_id=7315
Product adoption will rise as worries about power outages, fires, disease, and other operational hazards grow. Furthermore, the increased attention of government entities on enhancing current transmission capacities as a result of increased deployments of sustainable and energy-efficient components would promote product demand.
Key Takeaways from Market Study
• Global wire and cable market to reach valuation of US$ 285.05 billion by 2031.
• Market in Asia Pacific accounted for share of 37.2% in 2020.
• Demand for low voltage wires and cables expected to increase at CAGR of 8% over forecast period.
Which Region Will Lead the Global Wire and Cable Market?
Asia Pacific had the greatest revenue share in the worldwide wire and cable market in 2020, accounting for 37.2 percent. Rising power consumption as a result of population expansion and rapid industrialisation will drive market growth in Asia Pacific.
The robust expansion of the manufacturing and service industries, as well as the availability of low-cost labour, will contribute to market revenue growth.
What is driving the growth of the wire and cable market in the United States?
Because of increased expenditures in extending grid infrastructure, the market in the United States is expected to grow rapidly.
Increasing endeavours to establish high-capacity transmission lines will have a significant impact on the market throughout the projected period. Several sub-national government bodies in the United States are gaining a significant footing in renewable energy and efficiency advances.
To Get All-In Insights On The Regional Landscape Of The Market: https://www.factmr.com/connectus/sample?flag=AE&rep_id=7315
Key Segments Covered in Wire and Cable Industry Research
Wire and Cable Market by Type :
• Low Voltage (LV) Wires and Cables
• Medium and High Voltage (MV & HV) Wires and Cables
• Optical Fiber Cables
Wire and Cable Market by Material :
• Copper Wires and Cables
• Aluminum Wires and Cables
• Glass Wires and Cables
• Others
Wire and Cable Market by End User :
• Aerospace & Defense
• Construction
• IT & Telecommunications
• Energy & Utilities
• Oil & Gas
• Consumer Electronics
• Automotive
For In-Depth Competitive Analysis, Buy Now: https://www.factmr.com/checkout/7315
Key Companies Profiled
• Prysmian Group
• Furukawa Electric Co., Ltd.
• Southwire Company, LLC
• General Cable Corporation
• Hengtong Optic-Electric Co Ltd.
• TPC Wire & Cable Corp
• LS Cable & System Ltd.
• Sumitomo Electric Industries, Ltd.
• Polycab Wires Private Limited
Read More: https://www.factmr.com/report/wire-and-cable-market
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
About Us:
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Wire And Cable Market To Reach Valuation Of US$ 285.05 Billion By 2031: Fact.MR Study here
News-ID: 2630748 • Views: …
More Releases from Fact.MR
Dry Eye Syndrome Treatment Market is Estimatd to Reach USD 11.0 Billion by 2034 …
Fact.MR today released its latest report on the Dry Eye Syndrome Treatment Market, projecting robust growth driven by rising prevalence of dry eye syndrome, increasing screen time, and advancements in treatment options. Valued at USD 4.0 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 7.2%, reaching USD 11.0 billion by 2034. This significant growth underscores the growing demand for effective…
Scar Treatment Market to Reach USD 18.6 Billion by 2034 | Fact.MR
Fact.MR today released its latest report on the Scar Treatment Market, forecasting steady growth driven by rising consumer focus on aesthetic appearance, advancements in dermatological technologies, and increasing demand for minimally invasive procedures. Valued at USD 12.6 billion in 2024, the global market is projected to expand at a compound annual growth rate (CAGR) of 4.0%, reaching USD 18.6 billion by 2034. This growth highlights the increasing importance of scar…
Acne Treatment Market is Projected to Reach USD 12.44 Billion by 2034 | Fact.MR
The global acne treatment market is estimated at USD 7.2 billion in 2024 and is forecasted to reach USD 12.44 billion by 2034, advancing at a compound annual growth rate (CAGR) of 5.6%. This steady expansion is driven by the increasing prevalence of acne across diverse demographics, influenced by factors such as diet, stress, hormonal imbalances, and environmental conditions. The market's growth reflects a shift toward personalized and innovative treatments,…
Point of Sale (POS) Terminal Market is Projected to Reach USD 195.8 Billion by 2 …
Expanding at a CAGR of 7.2%, the global point of sale (POS) terminal market is projected to reach USD 195.8 billion by the end of 2034, increasing from USD 97.7 billion in 2024. This growth is driven by the increasing adoption of digital payment tools, the implementation of 5G for high-speed connectivity, and the digital transformation across industries such as retail, healthcare, and hospitality. POS terminals enhance transaction accuracy, reduce…
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research.
Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity…
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time…
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals
Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and…
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie …
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012…
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period…
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis.
Get Free Sample Copy of Report…
