Cables and Connector Market Set to Surge: Key Trends and Forecast, 2020-2027

Allied Market Research, titled, "Copper Wire and Cable Market By Type, Voltage, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030", the global copper wire and cable market size was valued at $156.11 billion in 2020, and was projected to reach $267.17 billion by 2030, registering a CAGR of 6.0% from 2021 to 2030. Asia-Pacific is expected to be the leading contributor to the global copper wire and cable market during the forecast period, followed by North America and Europe.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/cables-and-connector-market

Copper wire and cable have been extensively used in electric wiring since the invention of electromagnets. It acts as a conductor of electric wiring. In addition, these wires and cables find extensive use in power generation, power transmission, power distribution, telecommunication, electronic circuitry, and many other electrical equipment. Insulated Copper wires are widely used for wiring owing to many advantages such as the highest electrical conductivity among commercial metals except silver, strength, formability, ease of joining, high thermal conductivity, and corrosion resistance.

The global copper wire and cable industry is anticipated to witness significant growth during the forecast period. Factors such as increased demand for electricity and robust investments in building construction mainly drive the copper wire and cable market growth. In addition, the development of smart grids along with the upsurge in investments in smart upgrading of the power transmission and distribution systems boost the demand for copper wire and cable. However, volatility in the prices of raw materials is projected to hamper the growth of the market.

The copper wire and cable market is segmented based on type, voltage, application, and region. Based on type, the market is bifurcated into wire and cable. By voltage, the market is classified into low, medium, and high. According to the application, the market is divided into building wire, communication, power distribution, and others.

𝐆𝐞𝐭 𝐚 𝐏𝐃𝐅 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.alliedmarketresearch.com/request-sample/967

Region-wise, the copper wire and cable market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed significant revenue in 2020. The region has seen a huge increase in data consumption resulting in investments by leading telecom operators such as Verizon and AT&T in fiber networks. For instance, in April 2020, Belden Inc. developed fiber solutions that enable the data centers to create a robust, reliable, and high-performance infrastructure.

In addition, Europe holds the prominent copper wire and cable market share and is expected to witness significant growth during the forecast period. Factors such as the rise in digitalization, surge in demand for fire alarm systems, and integration of advanced technology within the fire alarm and detection devices boost the growth of the market in Europe. Various factors such as a crease in the number of electrification projects, a rise in demand for uninterrupted power supply, and rapid advancements in infrastructure & telecommunication boost the growth of the market in Europe.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/967

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

COVID-19 has impacted severely the global electrical and electronics sector, due to which production facilities as well as new projects have stalled which in turn has significant demand in the industries. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to a slowdown in the growth of the copper wire and cable market in 2020.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- The wire segment is projected to be the dominant offering over the forecast period followed by cable.
- Asia-Pacific and North America collectively accounted for more than 60% of the copper wire and cable market share in 2020.
- The communication segment is anticipated to witness the highest growth rate during the forecast period.
- China was the major shareholder in the Asia-Pacific Copper wire and cable market, accounting for approximately 42% share in 2020.

The key players profiled in the report include 𝐀𝐯𝐢𝐯𝐚 𝐌𝐞𝐭𝐚𝐥𝐬 (𝐍𝐁𝐌 𝐌𝐞𝐭𝐚𝐥𝐬), 𝐁𝐞𝐥𝐝𝐞𝐧, 𝐈𝐧𝐜., 𝐂𝐨𝐦𝐦𝐒𝐜𝐨𝐩𝐞 𝐇𝐨𝐥𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐲, 𝐈𝐧𝐜., 𝐄𝐥𝐜𝐨𝐰𝐢𝐫𝐞 𝐆𝐫𝐨𝐮𝐩 𝐀𝐁 (𝐋𝐢𝐥𝐣𝐞𝐝𝐚𝐡𝐥 𝐆𝐫𝐨𝐮𝐩 𝐀𝐁), 𝐇𝐢𝐭𝐚𝐜𝐡𝐢 𝐌𝐞𝐭𝐚𝐥𝐬, 𝐋𝐭𝐝., 𝐍𝐞𝐱𝐚𝐧𝐬 𝐒.𝐀., 𝐍𝐢𝐧𝐠𝐛𝐨 𝐉𝐢𝐧𝐭𝐢𝐚𝐧 𝐂𝐨𝐩𝐩𝐞𝐫 (𝐆𝐫𝐨𝐮𝐩) 𝐂𝐎., 𝐋𝐓𝐃., 𝐒𝐜𝐡𝐧𝐞𝐢𝐝𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐒𝐄, 𝐓𝐚𝐭𝐮𝐧𝐠 𝐂𝐨., 𝐋𝐭𝐝. 𝐚𝐧𝐝 𝐓𝐨𝐧𝐠𝐥𝐢𝐧𝐠 𝐉𝐢𝐧𝐠𝐝𝐚 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐌𝐚𝐠𝐧𝐞𝐭 𝐖𝐢𝐫𝐞 𝐂𝐨., 𝐋𝐭𝐝. These players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the industry.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/967

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐚𝐧𝐝 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.alliedmarketresearch.com/magnetic-connector-market-A31329

𝟐. 𝐀𝐕 𝐂𝐚𝐛𝐥𝐞𝐬 𝐟𝐨𝐫 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.alliedmarketresearch.com/av-cables-for-residential-market

𝟑. 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐚𝐧𝐝 𝐆𝐂𝐂 𝐌𝐞𝐝𝐢𝐮𝐦 𝐕𝐨𝐥𝐭𝐚𝐠𝐞 𝐂𝐚𝐛𝐥𝐞 𝐀𝐜𝐜𝐞𝐬𝐬𝐨𝐫𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.alliedmarketresearch.com/saudi-arabia-and-gcc-medium-voltage-cable-accessories-market-A47274

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