Cables Market Size, Share Analysis, Growth Rate, Trends And Global Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Cables Global Market Report 2023 identifies increase in government investment in the transmission and distribution of electricity as the major driver for the cables market's growth in the forecast period. Electricity transmission refers to the large-scale movement of high-voltage electricity from a power plant to a substation, whereas power distribution refers to the conversion of high-voltage electricity at substations to lower voltages that can be distributed and used by private, public, and industrial customers. Additionally, government initiatives to expand or upgrade electricity transmission and distribution systems are favoring the demand for cables.

The global cables market size is expected to grow from $80.49 billion in 2022 to $87.71 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cables market size is expected to grow to $120.85 billion in 2027 at a CAGR of 8.3%.

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Major competitors in the cables market are Prysmian Group, Nexans S.A., The Furukawa Electric Co. Ltd., Sumitomo Corporation, Belden Incorporated, Fujikura Ltd., Leoni AG.

A key trend in the cables market includes product innovations. Major companies are introducing innovative products and delivering products with robust performance that can withstand extreme environments and maximize space utilization compared to other traditional cables. For instance, in August 2021, Belden a US-based manufacturer of networking, connectivity, and cable products launched Belden DataTuff Cat 6A, Belden OSDP Access Control Cables, and Alpha Wire ThermoThin Hook-Up Wires. These products provide dependable, robust performance in high-movement, harsh-environment applications. It is designed for compact industrial spaces and offers torsion tolerance. It connects security and access control systems with high levels of security, flexibility, convenience, and efficiency.

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The cables market is segmented -
1) By Installation: Overhead, Underground, Submarine

2) By Voltage: High, Medium, Low

3) By End-User: Industrial, Aerospace And Defence, Oil And Gas, Energy And Power, IT And Telecommunication, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the cables market.

The Business Research Company's "Global Cables Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Cables Market Include:
1. Executive Summary
2. Cables Market Characteristics
3. Cables Market Trends And Strategies
4. Cables Market - Macro Economic Scenario
5. Cables Market Size And Growth
…….
26. Africa Cables Market
27. Cables Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cables Market
29. Cables Market Future Outlook and Potential Analysis
30. Appendix

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