Wires and cables are used for
transmitting power, signals, and payloads in various industries. They are
widely used across various end-use segments including residential, commercial,
and industrial purposes. The growth of global wires and cables market is
primarily driven by the growth of the IT and communication industry where wires
and cables play a vital role in transmitting power.
The growing demand for wire and
cables across various end-use industries such as IT and telecommunication is
one of the major factors driving the market for wire and cables. However, the
volatility in raw material prices is acting as one of the major concerns for
various players operating in the global market for wires and cables. The
global wires and cables industry is very large with many participants operating
in the market. Some of the end-use industries for wires and cables market
include telecom operators and power supply companies. The global market also
exhibits non-homogenous characteristics.
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The market for wires and cables can
be segmented into power cables and telecommunication cables based on their
application. Power cables constitute the biggest segment for the wires and
cables market which is expected to exceed a market worth of USD 190 billion by
2018, growing at a CAGR of approximately 8.9% from 2012 to 2018. The
telecommunication segment is the fastest growing one for wires and cables and
is expected to grow at a CAGR of approximately 11.1% from 2012 to 2018.
Some of the leading companies
operating in the global market of wires and cables include Aksh Optifibre,
Alcan Cable, Belden, CommScope, Corning Inc., EL Sewedy, Finolex Cables,
Leviton, and Molex.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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Reasons for Buying this Report
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- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
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