Market Overview:
The global building wiring systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electrical wiring systems in residential and commercial buildings across the globe. In terms of type, copper building wire is expected to dominate the market during the forecast period, owing to its high conductivity and durability as compared to other types of wires. However, aluminum building wire is projected to grow at a higher CAGR during the forecast period due to its low weight and corrosion resistance properties as compared with copper wires.
Product Definition:
Building wiring systems provide the electrical power and communication pathways that allow a building to function. The importance of building wiring systems cannot be overstated; they are essential for powering lights, appliances, climate control systems, security alarms, and much more. Building wiring systems must be designed and installed correctly in order to ensure the safety of occupants and prevent fires.
Copper Building Wire:
Copper building wire, also known as heavy-duty copper or high-performance copper (HDC), is a type of electrical wiring material made from thin wires that are heavier than aluminum but lighter than steel. It has several advantages over aluminum and steel in terms of size, cost, and performance. The most important advantage is its ability to carry more electricity; therefore it can be used for longer distances with fewer changes in voltage across the wires.
Aluminum Building Wire:
Aluminum building wire and it's usage in building wiring systems market is used for the purpose of bonding, electrical distribution, and insulation purposes in buildings. It also helps to provide a fire barrier between different parts of a building. Aluminum is an excellent heat conductor which increases its demand as an ideal material for use in the manufacturing process of wires and cables.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The growing construction sector, particularly in developing countries is expected to be a key factor for market growth over the forecast period. Increasing infrastructural developments and rising demand for high-speed networks are further anticipated to propel industry expansion during the projected timeframe.
Building wiring systems have various applications such as residential, commercial and industrial which includes data centers, hospitals, educational institutions and government buildings among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing construction activities in emerging economies of China, India, and Indonesia. In addition, rising number of commercial projects such as shopping malls and hotels are expected to drive demand for wiring systems in this region.
The Asia Pacific was followed by Europe with a share of 26.0% in 2017 owing to high penetration rate of electric vehicles coupled with stringent government regulations regarding emission levels set by European Union (EU). North America accounted for a significant share due to growing adoption across U.S.
Growth Factors:
- Increasing demand for smart buildings: The global market for smart buildings is expected to grow at a CAGR of more than 15% during the forecast period. This is primarily due to the increasing demand from commercial and industrial sectors for energy-efficient and sustainable buildings. Building wiring systems play a key role in enabling the efficient functioning of smart buildings, thereby driving its growth.
- Growing popularity of green construction: Green construction is gaining popularity across the globe as it helps reduce environmental impact and save energy costs. Building wiring systems that are compliant with green building standards can help builders achieve LEED certification, which is becoming increasingly important for projects seeking to be environmentally friendly.
- Proliferation of IoT devices: The proliferation of IoT devices has led to an increase in data traffic over wired networks, creating a need for better-quality building wiring systems that can handle this increased load reliably and efficiently. Additionally, many IoT applications require real-time response time or low latency, which can only be achieved through high-quality wired networks infrastructure installed in buildings premises .
Scope Of The Report
Report Attributes
Report Details
Report Title
Building Wiring Systems Market Research Report
By Type
Copper Building Wire, Aluminum Building Wire
By Application
Residential, Commercial
By Companies
General Cable, Houston Wire & Cable, Southwire, Encore Wire Corporation, Marmon, Prysmian, Superior Essex, Nexans, Okonite, Leoni, General Cable, Sumitomo Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Building Wiring Systems Market Report Segments:
The global Building Wiring Systems market is segmented on the basis of:
Types
Copper Building Wire, Aluminum Building Wire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Cable
- Houston Wire & Cable
- Southwire
- Encore Wire Corporation
- Marmon
- Prysmian
- Superior Essex
- Nexans
- Okonite
- Leoni
- General Cable
- Sumitomo Electric
Highlights of The Building Wiring Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Copper Building Wire
- Aluminum Building Wire
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Building Wiring Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Building wiring systems is the process of installing electrical wiring in a building. This includes everything from running wires through walls and ceilings to connecting outlets, switches, and lights. Building wiring systems can be complicated, so it's important to have a qualified professional do the job right.
Some of the key players operating in the building wiring systems market are General Cable, Houston Wire & Cable, Southwire, Encore Wire Corporation, Marmon, Prysmian, Superior Essex, Nexans, Okonite, Leoni, General Cable, Sumitomo Electric.
The building wiring systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Building Wiring Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Building Wiring Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Building Wiring Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Building Wiring Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Building Wiring Systems Market Size & Forecast, 2018-2028
4.5.1 Building Wiring Systems Market Size and Y-o-Y Growth
4.5.2 Building Wiring Systems Market Absolute $ Opportunity
Chapter 5 Global Building Wiring Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Building Wiring Systems Market Size Forecast by Type
5.2.1 Copper Building Wire
5.2.2 Aluminum Building Wire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Building Wiring Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Building Wiring Systems Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Building Wiring Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Building Wiring Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Building Wiring Systems Analysis and Forecast
9.1 Introduction
9.2 North America Building Wiring Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Building Wiring Systems Market Size Forecast by Type
9.6.1 Copper Building Wire
9.6.2 Aluminum Building Wire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Building Wiring Systems Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Building Wiring Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Building Wiring Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Building Wiring Systems Market Size Forecast by Type
10.6.1 Copper Building Wire
10.6.2 Aluminum Building Wire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Building Wiring Systems Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Building Wiring Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Building Wiring Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Building Wiring Systems Market Size Forecast by Type
11.6.1 Copper Building Wire
11.6.2 Aluminum Building Wire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Building Wiring Systems Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Building Wiring Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Building Wiring Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Building Wiring Systems Market Size Forecast by Type
12.6.1 Copper Building Wire
12.6.2 Aluminum Building Wire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Building Wiring Systems Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Building Wiring Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Building Wiring Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Building Wiring Systems Market Size Forecast by Type
13.6.1 Copper Building Wire
13.6.2 Aluminum Building Wire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Building Wiring Systems Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Building Wiring Systems Market: Competitive Dashboard
14.2 Global Building Wiring Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Cable
14.3.2 Houston Wire & Cable
14.3.3 Southwire
14.3.4 Encore Wire Corporation
14.3.5 Marmon
14.3.6 Prysmian
14.3.7 Superior Essex
14.3.8 Nexans
14.3.9 Okonite
14.3.10 Leoni
14.3.11 General Cable
14.3.12 Sumitomo Electric
