Wires And Cables Industry Overview The global wires and cables market size is expected to reach USD 260.16 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.4% from 2021 to 2028. Wires and cables are one of the essential components of infrastructure development across the world. The growing emphasis on investments and government initiatives to generate power from renewable sources has enforced the adoption of wires and cables across the globe. Increasing funds in the upgradation of infrastructure and the demand for refined power transmission and distribution systems are the key factors driving the market over the forecast period. Wires And Cables Market Segmentation Grand View Research has segmented the global wires and cables market report by voltage, installation, end-use, and region: Based on the Voltage Insights, the market is segmented into low voltage, medium voltage, high voltage and extra high voltage
Based on the Installation Insights, the market is segmented into overhead and underground
Based on the End-use Insights, the market is segmented into aerospace & defense, building & construction, oil & gas, energy & power, IT & telecommunication and others
Wires And Cables Regional Outlook
Key Companies Profile & Market Share Insights The market is highly competitive and concentrated, with the top three companies accounting for the majority revenue share in 2020. Belden Inc.; Nexans; and Fujikura Ltd. are some of the dominant market players. The vendors in the market focus on expanding their customer base to obtain a competitive edge. Therefore, key companies take various strategic initiatives, including partnerships, mergers & acquisitions, collaborations, and new product/technology development. Some of the prominent players operating in the wires and cables market include:
Market Industry Development
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