DUBLIN--(BUSINESS WIRE)--The "Insulated Wires and Cables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Insulated Wires and Cables estimated at US$158.6 Billion in the year 2020, is projected to reach a revised size of US$231.9 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.
Metal, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$139.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastic segment is readjusted to a revised 5.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $21.1 Billion, While China is Forecast to Grow at 6.8% CAGR
The Insulated Wires and Cables market in the U.S. is estimated at US$21.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$70.7 Billion by the year 2027 trailing a CAGR of 6.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Optical Fiber Segment to Record 6.7% CAGR
In the global Optical Fiber segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.8 Billion in the year 2020 will reach a projected size of US$19.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$42.9 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.
Select Competitors (Total 195 Featured) -
- ABL Electronic Supplies, Inc.
- AFC Cable Systems, Inc.
- AFL
- Amphenol Corp.
- Aptiv PLC
- Asia Pacific Wire & Cable Corporation Limited
- Belden, Inc.
- Cable USA
- Carlisle Interconnect Technologies
- Cerrowire LLC
- Coleman Cable, Inc.
- CommScope, Inc.
- Corning Incorporated
- Ducommun LaBarge Technologies
- Electrical Components International
- Encore Wire Corporation
- Finolex Cables Ltd
- Fujikura Group
- Furukawa Electric Company Limited
- General Cable Corporation
- Hitachi Metals, Ltd.
- Leviton Manufacturing Company, Inc.
- LS Cable & System Limited
- MOLEX, Inc.
- NEXANS SA
- NKT Cables Group GmbH
- Olex Cables Limited
- Permanoid Ltd.
- Prysmian Group S.p.A.
- Rea Magnet Wire Company, Inc.
- Southwire Company, LLC
- Sumitomo Electric Industries Ltd.
- Superior Essex Incorporated
- TE Connectivity
- Tele-Fonika Kable S.A.
- The Okonite Company
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Long Term Prospects for the Industrial Wires and Cables Market
- Increasing Adoption of Fiber Optical Cables & Polymer Optic Fibers
- Robust Demand for Fast-Charging Cables
- Asia-Pacific Dominates Global Insulated Wire & Cable Market
- PVC Insulated Wires Emerge as Popular Option for Electrical Industries
- Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
- Industrial Activity Remain Subdued in the Immediate Term, Inducing Weakness into Insulated Wires & Cables Market
- Recent Market Activity
- WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Telecommunications Industry Remains the Largest Revenue Contributor
- COVID-19 Impacts Investments in 5G
- Fiber Optic Wires & Cables Gain Widespread Popularity
- Fiber Optics Emerge as Preferred Transmission Medium for Undersea Applications
- Active Optical Cables Subvert Copper Cables' Demand
- Comparison between AOC and Copper Cables
- Fiber Optic Cables Makes Headwinds towards Diagnostic & Digital Imaging Applications in Healthcare
- Rising Bandwidth Demand Putting the Global Insulated Wires and Cables Market in Overdrive
- Spurt in Work-From-Home & Online Collaboration Volumes Spur Bandwidth Needs Worldwide
- Rise of Mobile Communication Networks Accelerates Telecommunication Sector to a New Level, Generating Parallel Opportunities to Wires & Cables Market
- Power Infrastructure to Drive Growth
- Focus on Establishing Renewable Energy Infrastructure Lends Traction
- EHV and HV Insulated Power Cables: Changing Operating Environment
- Trends in HV/EHV Cable Designs and Future Concepts
- Residential & Commercial Construction Sector: Short-Term Prospects Remain Sluggish Amid Ongoing Onslaught of Covid-19 Outbreak
- Housing Projects Scenario in the US
- Computers and Consumer Electronics: A High Growth Market
- Increasing Prevalence of High-Speed HDMI Cables
- Despite the Crushing Impact of COVID-19 Crisis, Automotive Industry Remains an Important Consumer of Insulated Wires and Cables
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/1tg5gr
