Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Wires and Cables Market makes an offering
of in-depth analysis of segments and sub-segments in the regional and
international Wires and Cables Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Wires
and Cables Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Wires and Cables Market is offered. In accordance with the report, the global
Wires and Cables Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
A
ductile metal strand coated with resistant plastic materials that is called a
wire. A set of wire tangled together is called a cable. Wires and cables are
used to transfer electricity and carry mechanical loads. It helps in the
transmission of telecommunication signals. Wires and cables are generally used
as an insulator. The energy transferred
by wires and cables are basically used for powering for both residential and
commercial purpose.
Market Drivers
The
surging population is generating the demand for both residential buildings and
commercial buildings for living space and workplace. The rising number of
constructions calls for setting up of electrical furnitures and fixtures in the
buildings to ensure uninterrupted flow of energy and power. Therefore, the
rising population coupled with the need for energy for 24 hours is driving the
wires and cables market.
Rapid
urbanization is influencing the city-based movement and hence driving the
growth of this market. Urbanization is opening up scope for underground and
submarine wires and cables.
The
incentives undertaken by the government for the augmentation of transmission
and augmentation networks especially in both developing and underdeveloped
economies is fueling the growth of the market. The skyrocketing investment in
this sector is charging the growth of the wire and cable market.
Swiftness
of industrialization and the growing spawn of industries need the undisturbed
flow of energy which is likely to charge the wires and cables market.
The
transportation sector has made usage of a variety of wires and cables like
accelerator wire, clutch wire, gear wire and many more. This has fueled the
large-scale production of transport vehicles with intelligent networking and
autonomous driving which indirectly demands wires and cable. The needs for the
automobile industry can be held accountable for the growth of the wires and
cables market.
Market Restraints
The
extravagant prices of the raw materials used in the production of wires and
cables are hindering the growth prospects of the wire and cable market. Mainly
rubber and plastic-based items like PVC are required for producing wires. While
copper and silicon rubber are used in wires. The premium price of these
materials takes a toll on the profit margin of producers and hampers the growth
of this market.
Apart
from the above, many specialized cables and wires are immoderately priced which
is severely impeding the growth of this market.
The
increasing adoption of wireless devices is reducing the application of wires
and cables in general and disrupting the wire and cable market.
Opportunities
The
broadening demand for cables with high voltage from the defense sector,
telecommunication department, oil and gas companies and rocket science are a
great opportunity for this market.
The
soaring demand for superconducting cables that is capable of stocking high
energy is a good scope.
Environmental
concerns are leading to the generation of electricity from renewable resource.
Research and development of wires and cables to make it suitable in the said
use is a good set of circumstances for this market.
The
new adoption of smart grid and consequent development in this sector is likely
to boost the growth prospects of the wire and cable market.
Trends
In
terms of revenue, Asia-Pacific region has a gross share followed by Europe.
North America can be estimated to experience the highest growth in revenue
because of high income and also soaring disposable income. The High voltage
cable market is likely to broaden in the forecast period because of its surging
demand in telecom department, oil and gas sector, defense and aerospace
segment. The market for low voltage cable is also likely to grow because of its
widespread applicability in developing and underdeveloped countries. Due to a
variety of factors like the ability to load absorption, lower number of transmission
losses and moderate maintenance cost, the market for underground cable
instalment is assumed to gain importance.
Segment Covered:
This market
intelligence report on the global Wires and Cables Market encompasses market segments based on voltage,
installation, end use and country.
By voltage,
the global Wires and Cables Market has been divided into:
q Extra-High
Voltage
q High
Voltage
q Medium
Voltage
q Low
Voltage
By installation, the global Wires and
Cables Market has been divided into:
q Underground
q Overhead
By End
Use the global Wires and Cables Market has been divided into:
q IT
& Telecommunication
q Energy
& Power
q Oil
& Gas
q Building
& Construction
q Aerospace
& Defense
By country/region,
the global Wires and Cables Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q KEI
Industries Ltd
q LS
Cable & System Ltd
q Belden
Inc
q NKT A/S
q Leoni
AG
q TE
Connectivity
q Corning
q Southwire
Company
q Sumitomo
Corporation
q Fujikura
Ltd
q Nexans
q Furukawa
Electric Co Ltd
q Prysmian
S.p.A
q Cords
Cable Industries Ltd
q Finolex
Cables Ltd
q Polycab
q Encore
Wire Corp
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Wires and Cables Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Ailes Marines
By May 2020, the
responsibility of construction, installation, operation and upgradation of the
Offshore Wind Farm which is situated in the bay of Saint-Brieuc was undertaken
by the Prysmian Group on the basis of a contract for the provision of
Inter-Array Cable Systems.
Nexans
By May 2020, Ariadne
Interconnections S.P.S.A., whose owner is the Greece’s state-based grid
operator, IPTO, was bestowed with the charge of designing, manufacturing and
installing a subsea HVDC Cable System over a distance of 335 km from Nexans.
LS Cable & System
By May 2020, LS
Cable & System accepted a contract to produce and transport up-to-date
cables that make use of modern solid dielectric technology. This technology
would replace the conventional 6 in 1-phase cables.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Wires and
Cables Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Wires and Cables Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Wires and Cables caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Wires
and Cables Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Wires and Cables Market
v
Identification
of key factors driving investment opportunities in the Wires and
Cables Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants