Global Wires and Cables Market to be Driven by Increasing Investment in Infrastructure Development, Increased IT and Data Center Demand in the ForecasWires and Cables Market | Global Wires and Cables Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2021-2026
The new report by Expert Market Research titled, ‘Global Wires and Cables Size, Share, Price, Trends, Growth, Market Report and Forecast 2021-2026’, gives an in-depth analysis of global wires and cables market, assessing the market based on voltage, materials, installation, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 165.35 Billion
• Forecast CAGR (2021-2026): 5.04%
• Forecast Market Size (2026): USD 209.69 Billion
The wires and cables market has been influenced by the COVID-19 epidemic, because of few minor shifts. Online classes and courses conducted by universities and colleges due to the worldwide closure, and firms operating remotely and complying by the WFH (Work from Home) policy are some of the major examples that have been noticed around the globe, benefiting the telecommunications industry worldwide.
Industry Definition and Major Segments
A wire is a single power driver, while a cable consists of a series of wires. The market for cables and wires can be split according to divisions such as voltage, material, installation and end use.
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Based on voltage, the wires and cables market can be broadly categorised into:
• Low Voltage
• Medium and High Voltage
• Optical Fibre
The industry can be divided based on materials as:
The industry can be divided based on installation as:
The industry can be divided based on end-use as:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The growth of the market is projected by more investments in intelligent power upgrades for power transmission & distribution systems and in developing intelligent grids. Increases in investment in new underground and submarine cables have been achieved through the implementation of Smart Grid technologies.
Smart grid supports efficient renewable energy generating, reliable power generating, carbon printing reduced, energy mixing and intelligent home and smart gadgets, and electric vehicle utilization. Increased energy consumption has led to increased investment in smart networks in Asia Pacific, the Middle East and South America. The demand for low voltage cables is thereby increased.
Key Market Players
The major players in the market are Belden Inc. (NYSE: BDC), Furukawa Electric Co. Ltd., Hitachi Ltd., KEI Industries Ltd., Leoni AG, LS Cable & System Ltd., Nexans S.A., Prysmian S.p.A., Sumitomo Electric Industries, Ltd. (SEI) and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
About Authormathewwilliams Sheridan United States
My name is Mathew Williams work for Expert Market Research as a senior SEO executive. More info you can visit our company website - https://www.expertmarketresearch.com/
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