Press release
Wire And Cable Market Size By Type, Application, Key Players, Geographic Scope and Forecast 2022 - 2030
The global wires and cables market size was estimated at USD 192.48 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.The smart grid is an electrical grid that includes controls, automation, computers, and innovative equipment & technologies that function together and offer efficient electricity transmission. The functioning of the entire globe depends on the timely delivery of electric supply. Further, the increasing population leads to a rise in demand for power. Technological advancement in grids is necessary to reduce the frequency and duration of storm impacts, power outages, and restore service quickly after outages. Smart grid helps generate efficient renewable power, reliable power, reducing carbon print, using a mix of energy sources, working with smart devices and smart homes, and encouraging the use of electric vehicles.
wire refers to a single copper-made electrical conductor. It can be manufactured in two forms, namely uninsulated and insulated. A copper cable is produced by grouping two or more two copper wires that are enclosed in a single jacket or sheath. Both copper wire and cable have wide-scale applications including power distribution, power transmission, power generation, and electronics circuits amongst many other end-uses.
The products have been in existence for decades and have shown extreme versatility and usage in building the modern-day world. Some of the essential properties of copper wire include high tensile strength, electrical conductivity, thermal conductivity, ductility, ease of installation, corrosion resistance, and creep resistance. Copper wires or cables are more in demand since copper exhibits the lowest resistance to electricity amongst all other non-precious metals. Furthermore, the core element, copper, is abundantly found in many minerals. It can sometimes occur in its native and pure form. Most of the commercially used copper is extracted from chalcocite and chalcopyrite.
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Global Wire and Cable Market: Segmentations
Global Wire and Cable Market: Major Players
Nexans
Southwire Company
Furukawa Electric Industries Ltd.
KEI Industries Ltd
Sumitomo Electric Industries Ltd.
LS Cable & System Ltd.
Prysmian S.p.A
NKT A/S
Leoni AG
Judd Wire, Inc.
Belden Inc.
Fujikura Ltd.
General Cable Corporation
Global Wire and Cable Market: By Types
Overhead
Underground
Global Wire and Cable Market: By Applications
Aerospace & Defense
Building & Construction
Oil & Gas
Energy & Power
IT & Telecommunication
Others
Global Wire and Cable Market: Regional Analysis
The countries covered in the regional analysis of the Global Wire and Cable market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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● This report will help stakeholders to understand the global assiduity status and trends of Wire and Cable and provides them with information on crucial request motorists, conditions, challenges, and openings.
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