Global Wires And Cables Market Size By Voltage, By Installation, By End Use, By Geography And Forecast
Wires And Cables Market Size And Forecast
Wires And Cables Market was valued at USD 156.69 Billion in 2018 and is projected to reach USD 226.76 Billion by 2026, growing at a CAGR of 4.70% from 2019 to 2026.
The Global Wires And Cables Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Wires And Cables Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Global Wires And Cables Market Overview
Increasing urbanization and rapidly growing building infrastructure are the major factors driving growth. These have impacted the energy and power demand in residential, commercial, and industrial sectors. Increased investments in smart grids and upgrading power transmission and distribution systems are expected to further drive the market.
The adoption of smart grid technology has fulfilled the rising need for grid interconnections, significantly resulting in rising investments in the new submarine and underground cables. Also, growing offshore wind farms, high voltage direct current links, and grid interconnections are projected to fuel the growth of the market.
This report provides an all-inclusive environment of the analysis for the Global Wires And Cables Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global Wires And Cables Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Global Wires And Cables Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Global Wires And Cables Market.
Global Wires And Cables Market Segmentation Analysis
The Global Wires And Cables Market is Segmented based on Voltage, Installation, End User and Geography.
Key Players InWires And Cables Market
The Global Wires And Cables Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Prysmian S.p.A; Furukawa Electric Co. Ltd.; Nexans; Fujikura Ltd.; Sumitomo Corporation; Southwire Company; Leoni AG; NKT A/S; Belden Inc.; LS Cable & System Ltd.; and KEI Industries Ltd.
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