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Wires and Cables: Powering the Connected World

04-17-2025 07:57 AM CET | Energy & Environment

Press release from: Allied Market Research

Wire and Cable Market

Wire and Cable Market

Wire is a single conductor made of electrically conductive materials to facilitate the flow of electric current, whereas a cable is an assembly of multiple insulated wires that enables transmission of larger amount of electrical power. Low-power applications like establishing electrical connections, transmitting signals, and forming circuits majorly require wires. On the other hand, cables are more sturdy than wires as they can withstand extreme environments like heat, wear and tear, and moisture. Rise in need for electrification as well as rapid digital transformation and automation, boosts the need for cables and wires as they play a crucial role in power distribution and connectivity across various industries.

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Assessing Various Types of Wires and Cables

Electrical wires and cables are important parts of any electrical system that safely carry power and data across different settings. Based on application, voltage, and environment, wires are available in various types. For instance, commonly used wires in homes, buildings, and outdoor spaces include single conductor wires, such as thermoplastic high heat-resistant nylon-coated, thermoplastic heat and water-resistant nylon-coated, thermoplastic wire, and underground feeder. These wires differ mainly in their ability to resist heat, moisture, and sunlight. Multiconductor cables, which contain multiple insulated wires within one outer layer, are used where several connections are needed together. For example, non-metallic sheathed cables are used in homes, metal-clad cables with added protection are required in commercial buildings, flexible metal conduit for flexible installations, and coaxial cables for transmitting TV and internet signals. Specialty wires such as high-temperature wires for extreme heat, low smoke zero halogen cables that emit less toxic smoke during fires, and fire alarm cables that maintain reliable communication during emergencies are witnessing wide adoption.

In addition to wires, cables like fiber optic, coaxial, twisted pair, and power cables handle long-distance transmission of electricity or data. Fiber optic cables make use of light to send information at high speed, whereas twisted pair cables, including unshielded twisted pair and shielded twisted pair, are commonly used in networking. On the contrary, power cables manage electricity from power stations to homes, and submarine cables run under the ocean to connect continents. As a result, these wires and cables form the basis of modern infrastructure, supporting features from basic lighting to global internet connectivity.

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Current Developments in Wires and Cables

Wires and cables were conventionally used for static applications and predictable load environments. With recent innovations, the deployment of superconducting cables is increasing significantly for high-capacity urban transmission. For instance, the world's longest superconducting power cable project called SuperLink, in Munich, Germany is expected to be completed by second quarter of 2025. The project involves the construction of a 15-kilometer line of 500 MW and voltage level of 110 kV. Back-up coolers will be deployed with these superconducting cables, which will be cooled to -200°C by making use of eco-friendly nitrogen in a closed circuit. Not only does this enhance urban grid reliability, but it also helps reduce physical space and thermal emissions, emerging as a boon for dense cities. NKT, a manufacturer of low, medium and high voltage power cable solutions, is planning to conduct live test in the city of Munich to expand power grids in urban areas. Allied Market Research states that the wire and cable market generated a revenue of $213.6 billion in 2022 and is estimated to reach $323.8 billion by 2032, registering a CAGR of 4.6% from 2023 to 2032.

Furthermore, sustainability is becoming a major aspect across various industries. Aluminum wires are gaining high traction as an alternative to copper wires, as they are 60% lighter than copper while exhibiting similar current-carrying capacity. Due to its lightweight, aluminum considerably reduces the tensile force exerted on wire and masts, thereby making installation easier. Moreover, aluminum significantly reduces the overall weight of vehicles and aircraft, which, in turn, directly improves the fuel efficiency. This further curbs the carbon emissions over the vehicle's or aircraft's operational life. As a result, automotive and aerospace industries are shifting their preference toward aluminum wires. For example, Airbus A380 deploys cable harnesses of aluminum.

Wires are crucial in applications requiring low power, whereas cables facilitate transmission of massive amount of power. With constant developments in urban cities, the need for wires and cables has intensified. SuperLink, the longest superconducting power cable project, deploys a 15-kilometer long line of 500 MW and 110 kV. On the other hand, aluminum wires are emerging as a sustainable alternative to copper wires due to their light weight and ability to enhance operational efficiency of vehicles and aircraft. Thus, industries are significantly relying on wires and cables for seamless connectivity.

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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

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