Press release
Global Cables Market to Reach $138 Billion by 2029, Growing at 9% CAGR
Cables Market
The cable market's growth is anticipated to be driven by an increase in government expenditures in the transmission and distribution of electricity. The term 'electricity transmission' refers to the large-scale transport of high-voltage electricity from power plants to substations, whereas 'power distribution' describes the process of converting high-voltage electricity into lower voltages at substations for use by private, public, and industrial consumers. Government efforts to expand or improve electricity transmission and distribution systems are increasing the demand for cables. For example, as per data published in October 2022 by the International Energy Agency (IEA), a France-based intergovernmental organization, the predicted global investment for 2021-2030 in electricity distribution would be roughly $310 billion, with $97 billion marked for electricity transmission. Hence, the growing investments in the transmission and distribution of electricity are fuelling the cable market's expansion.
Get Your Cables Market Report Here:
https://www.thebusinessresearchcompany.com/report/cables-global-market-report
How will the growth rate of the cables market shape industry trends by 2034?
In the past few years, the cable market has witnessed robust growth. The market size, which stands at $92.49 billion in 2024, is expected to increment to $99.49 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. Factors such as the repercussions of the industrial revolution, the spread of electricity grids, urbanization, and construction, along with the expansion of the automotive industry and the surge in television and electronic devices, contribute to the historic growth period.
The market size of cables is projected to witness robust expansion in the upcoming years, with an estimated value of $138 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.5%. The anticipated growth during this forecast period is owed to efforts towards sustainability, needs for security and surveillance, space exploration and satellite communication, changes in the automotive industry, and necessities for energy efficiency. The key trends during this forecast period entail digital transformation, spread of renewable energy, the implementation of 5g and broadband, adoption of electric vehicles, and the advancement of smart homes and IoT.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8464&type=smp
What trends are poised to drive the future success of the cables market?
Leading firms in the cable market are concentrating on the creation of novel solutions like fiber optic microcables. These cutting-edge products are designed to amplify connectivity and serve surging requirements for swift data transmission. Fiber optic microcables are slender, lightweight cables that use fiber optic technology for data transmission through light signals. To illustrate, in May 2023, HFCL Limited, a telecom firm established in India, debuted a range of ground-breaking optical fiber products at the ISE EXPO 2024 in Dallas, Texas. This included a 1728-fiber Intermittently Bonded Ribbon (IBR) cable tailored for high-density installations and quick rehabilitation during outage periods. Additionally, the company introduced Nano Thin Microcables, which comprise a 10.6mm diameter 864 fiber cable for optimum fiber capacity within 14mm microducts, thus setting a global record with a fiber packing density of 9.8 fibers/mm2. Furthermore, HFCL displayed high-density single-jacket single-armor IBR cables that range from 144 to 1728 fibers.
Which primary segments of the cables market are driving growth and industry transformations?
The cables market size has grown strongly in recent years. It will grow from $92.49 billion in 2024 to $99.49 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to industrial revolution impact, electricity grid expansion, urbanization and construction, automotive industry growth, televisions and electronics boom.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8464
Which geographical regions are pioneering growth in the cables market?
Asia-Pacific was the largest region in the cables market in 2024. The regions covered in the cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the cables market landscape?
Major companies operating in the cables market are Prysmian Group, Nexans S.A., Sumitomo Corporation, Belden Incorporated, Fujikura Ltd., Leoni AG, LS Cable & System Ltd., NKT A/S, Southwire Company LLC, ABB Ltd., Polycab India Ltd., Huawei Technologies Co. Limited, Axon Cable SAS, KEI Industries Ltd., General Cable Corp., Encore Wire Corporation, Finolex Cables Ltd., Bahra Cables Company, Brugg Kabel AG, Riyadh Cables Group Company, Sumitomo Electric Industries Ltd., Furukawa Electric Co. Ltd., Lapp Tannehill, Dacon Systems Inc., American Wire Group, CommScope Holding Company Inc., Sterlite Technologies Limited, Aksh Optifibre Ltd., Paramount Communications Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8464&type=smp
What Is Covered In The Cables Global Market Report?
• Market Size Forecast: Examine the cables market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cables market for a structured understanding.
• Key Players Overview: Analyze major players in the cables market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cables market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cables market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cables market.
• Industry Challenges: Identify potential risks and obstacles affecting the cables market.
• Competitive Landscape: Review strategic developments in the cables market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Cables Market to Reach $138 Billion by 2029, Growing at 9% CAGR here
News-ID: 3886201 • Views: …
More Releases from The Business Research Company
Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Diamond Market Through 2025?
In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate…
2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025?
In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion…
Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Professional Street Sweeper Market Size By 2025?
The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)…
Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a…
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…
