Published on : Apr 30, 2018
Albany, New York, April 30, 2018: Recently, Market Research Hub (MRH) has broadcasted a new report to its vast portfolio which is titled as “Wire and Cable Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” and provides a professional & in-depth study on the current state of the wire and cable worldwide. To analyze market future growth prospects, the study offers extensive nine-year forecast analysis, which is 2018 to 2026. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes all the major trends and services playing a key role in the wire and cable market expansion during the mentioned forecast.
It has been analyzed that the wires and cables industry has come a long way, growing from being a small industry to a very large one, over the past decade. The increasing demand for power, light and communication has kept demand high for wire and cable. According to the study recent evaluations, the market for wire and cable is projected to expand at a CAGR of 4.1% during the forecast period to reach US$ 235.9 Bn by 2026.
Presently, increase in global population and urbanization are resulting in the development of new residential and commercial properties. This as a result, positively affecting the wire and cable market. Apart from urbanization, industrialization is another key factor directly affecting the wire and cable market. The demand for flexibility and customization of wires and cables is increasing within several industries owing to the growing complexity of product manufacturing. The research has also observed that the transport industry has also been favorably influenced by rising urbanization and globalization. Transport systems that enable mobility make use of several wires such as brake wires, clutch wires, gear wires, accelerator wires, etc.
The study provides a decisive view on the global wire and cable market by segmenting the market globally by regions, types, material and applications along with its production, revenue, price and market share along with growth rate. On the basis of geography, the study analyzes major regions, including North America, Asia-Pacific, MEA, Europe and South America.
Based on the type, the report covers low voltage, medium and high voltage, and optical fiber cable. In terms of material, the market has been classified into copper, aluminum, glass, and others. Based on application, the market has been categorized into building, data transmission, transport, power transmission, and others. The report finds that copper is expected to be the most preferred material across the world. Amongst type, the optical fiber cable is expected to be largely adopted owing to its advantages such as high bandwidth, low-security risk and low power loss.
At the end, the report also provides full profiles of various companies currently running in this particular market Key players in the wire and cable market are Prysmian Group, Hengtong Optic-Electric Co Ltd., TPC Wire & Cable Corp, Furukawa Electric Co., Ltd., Southwire Company, Polycab Wires Private Limited, Sumitomo Electric Industries, Ltd., General Cable Corporation, Jiagnan Group, LS Cable & System Ltd, LLC, Hitachi Metals Ltd, Nexans S.A., Leoni AG, and Far East Cable Co., Ltd among others.
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