1. Home
  2. > ICT
  3. > Telecom
  4. > Internet Services
  5. > Broadband Market Trends
Wire and Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and End Use Industry

Wire and Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and End Use Industry

  • July 2022
  • 168 pages
  • ID: 6316360
  • Format: PDF
  • The Insight Partners


Table of Contents

Search Inside

The wire and cable market is expected to grow from US$ 153,334.35 million in 2022 to US$ 224,402.27 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2022 to 2028.

A cable comprises two or more insulated wires wrapped in a single jacket that allows the charge to pass through, whereas a wire is a single conductor.One of the key market-driving elements is the world’s growing urbanization and infrastructure.

As a result, the demand for power and energy in the commercial, industrial, and residential sectors has increased.Market expansion is also predicted to be fuelled by rising investments in smart grid development and smart system upgrades for power transmission and distribution.

The smart grid is an electrical system that combines modern machinery and technology with computer systems, automation, and controls to transmit electricity more effectively as timely delivery of electric supplies is essential.Smart grid technology implementation has satiated the growing need for grid interconnections, increasing expenditures on new underground and submarine cables.

Moreover, the demand for power is rising due to the growing population. Technological improvement in grids is required to lessen the frequency and length of storm impacts and power outages and swiftly restore service after outages. The integration of smart grid technology has resulted in the utilization of various energy sources, lowered carbon footprint, utilization of smart gadgets and smart homes, and promotion of the use of electric vehicles.

Several governments are increasingly implementing green energy technology to reduce the use of fossil fuels.The installation of solar farms and wind turbines is expanding, which increases the demand for wires and cables.

In addition, when wires and cables are buried beneath seafloors to transmit power, the development of offshore renewable technologies such as offshore wind farms is predicted to spur the wire and cable market growth.The market is expected to develop due to the rising demand for renewable energy.

Moreover, the rising popularity of Big Data is predicted to fuel the need for wires and cables from data centers and IT facilities.The market is projected to rise as more businesses are using cloud computing to reduce maintenance and other ancillary costs.

It is expected to witness significant growth due to the rising investments in the transmission & distribution sector for efficient power transmission. Moreover, the wire and cable market share will also profit from the increasing investments in industrial sectors.

Growth in ethernet technologies that can deliver data and meet the higher performance requirements in smart buildings along with advancements in intelligent power, cooling, and airflow management for mission-critical data center operations is also bolstering the market growth in the US, Canada, and Mexico.The US is leading in high performance networking and machine connectivity in the Industrial sector.

Consumers are increasingly demanding products that provide reliability and confidence of performance for a wide range of industrial automation applications.
Furthermore, the rapidly expanding communication and increasing investments in modernization of power and grid infrastructures is anticipated to stimulate the growth of wire and cable market growth in North America.Further, government investments in this field is further accelerating the market growth.

For instance, in March, 2021 the US government introduced a US $2 trillion plan for the upgradation of the nation’s infrastructure, with an aim to create the most resilient, innovative economy in the world. The plan further includes 20,000 miles of rebuilt roads, repairs to the 10 important bridges, and projects to build a more resilient electricity transmission system to achieve carbon-free electricity generation by 2035. Such initiatives are likely to provide a significant boost to the regional wire and cable market size

The major stakeholders in the global wire and cable market ecosystem include raw material suppliers/component suppliers, wire and cable market manufacturers, and end users.The raw material supplier is a crucial stakeholder in the ecosystem of the wire and cable market.

The major raw materials are rubber and plastic-based ingredients such as PVC grains.Copper, aluminum, thermoplastic, thermostats, and other plastics are common raw materials used to make wires and cables.

The major raw material suppliers include CHINALCO HENAN LUOYANG ALUMINUM FOIL CO., LTD; RusAL; Rio Tinto; Codelco; and Southern Copper & Supply Company Inc. For instance, in February 2021, Lubrizol India Private Limited launched a new halogenated, flame retardant grade polymer compound to be used in wire and cable applications. This new compound does not use halogens, thus enhancing drying time and temperature.

APAC led the global wire and cable market with the highest revenue share in 2021.Population expansion and fast industrialization are driving the demand for electricity, which will spur wire and cable market share throughout APAC.

The rise of the market’s revenue is complemented by the robust development of the manufacturing & service sector businesses and the availability of low-cost labor.Over the forecast period, the wire and cable market size is expected to be driven by the rising demand for communication, power, and light.

Moreover, India wants to become one of the world’s leading producers of electrical equipment.The Indian market is anticipated to be fuelled by government efforts such as "Make in India" and the "Go Green" program.

The Indian government intends to increase productivity to US$ 100 billion by matching exports and imports, which will increase the demand for wire and cable market, as stated in the Indian Electrical Equipment Industry Mission Plan 2012-2022.

The overall size of the wire and cable market has been derived using both primary and secondary sources.Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Wire and cable market.

The process also serves the purpose of obtaining an overview and forecast for the wire and cable market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders—specializing in the wire and cable market.

The key companies operating in the wire and cable market and profiled in the report include ASK Automotive Pvt. Ltd; R KABEL; Bergen Cable Technology; Elliott Manufacturing; Carl Stahl Sava Industries, Inc.; LEXCO CABLE; Cablecraft; TOP CABLE; Guangdong Jinlianyu Cable industrial Co., Ltd; and HENAN SANHENG INDUSTRIAL CO., LTD.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researcha[email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on