Market Overview:
The global electrical wires 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 electricity and rising investments in power transmission and distribution infrastructure. In addition, the growing demand for smart grids and renewable energy sources is also contributing to the growth of the market. The global electrical wires market can be segmented by type, application, and region. By type, the market can be divided into wires, house wire, electronic wire, and others. By application, the market can be classified into power transmission, telecoms wiring,, building wiring,, automotive wiring,, railways wiring,, aerospace wiring,.and others).
Product Definition:
A wire is a single, usually cylindrical, metal conductor. Electrical wires are used to carry electricity through buildings and other structures.
Wires:
Electrical wires are used for the transmission of electrical energy from one point to another. It is made up of copper and insulated by insulation material, which helps in conducting electricity safely. The product has a high growth potential owing to increasing demand for electric vehicles, smart grid technology and renewable energy projects across the globe.
House Wire:
House wire is a type of electrical conductor that is used in the manufacturing of electrical wires. It consists of copper and has thin layers of aluminum, tin, and silver on its surface. The most commonly used house wire in residential applications is the American Wire Gauge (AWG) range from 14 to 16; it measures about 0.amateres long and has a diameter or cross-sectional area approximately equal to thatofa human hair.
Application Insights:
The power transmission segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high-tension steel wires from various industries, such as oil & gas, energy, transportation and construction. Moreover, growing investments in power generation infrastructure across the globe are expected to boost product demand over the coming years.
The telecom application segment is anticipated to witness significant growth during the forecast period owing to rapid urbanization coupled with rising income levels among consumers globally. Increasing use of electrical wires in data communication applications has also supported market penetration thus far. However, new technologies are being developed that could eventually replace these products or at least reduce their usage significantly such as optical fiber technology for data transmission which would result in a decline of this application segment over time if any corrective measures are not taken by governments worldwide soon enough (read about it here).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power transmission wires in developing economies, such as China and India. In addition, rising number of manufacturing facilities in Asia Pacific owing to low labor cost will boost product demand further. Europe is also estimated to witness significant growth over the coming years due to growing adoption of electric vehicles and high standard of living associated with it. Moreover, presence of stringent government regulations regarding carbon emission from power plants will drive industry expansion further.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Growing demand for energy-efficient electrical wiring systems
- Rising popularity of smart homes and buildings
- Proliferation of electric vehicles
- Stringent government regulations mandating the use of energy-efficient electrical wiring systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Wires Market Research Report
By Type
Wires, House Wire, Electronic Wire
By Application
Power Transmission, Telecom, Building Wiring
By Companies
Leoni, Judd Wire, Sumitomo Electric Industries, Furukawa Electric industries, General Cable Corporation, Belden, Cords Cable Industries Limited, Finolex Cables, Torrent Cables, Enfield Cables, Leoni, Marlin Wire
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Wires Market Report Segments:
The global Electrical Wires market is segmented on the basis of:
Types
Wires, House Wire, Electronic 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
Power Transmission, Telecom, Building Wiring
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:
- Leoni
- Judd Wire
- Sumitomo Electric Industries
- Furukawa Electric industries
- General Cable Corporation
- Belden
- Cords Cable Industries Limited
- Finolex Cables
- Torrent Cables
- Enfield Cables
- Leoni
- Marlin Wire
Highlights of The Electrical Wires 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:
- Wires
- House Wire
- Electronic Wire
- By Application:
- Power Transmission
- Telecom
- Building Wiring
- 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 Electrical Wires 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?
Electrical wires are thin metal wires that carry electricity. They are used to power devices, such as lights and appliances.
Some of the key players operating in the electrical wires market are Leoni, Judd Wire, Sumitomo Electric Industries, Furukawa Electric industries, General Cable Corporation, Belden, Cords Cable Industries Limited, Finolex Cables, Torrent Cables, Enfield Cables, Leoni, Marlin Wire.
The electrical wires market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Wires 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 Electrical Wires Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electrical Wires 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 Electrical Wires 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 Electrical Wires Market Size & Forecast, 2018-2028 4.5.1 Electrical Wires Market Size and Y-o-Y Growth 4.5.2 Electrical Wires Market Absolute $ Opportunity
Chapter 5 Global Electrical Wires 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 Electrical Wires Market Size Forecast by Type
5.2.1 Wires
5.2.2 House Wire
5.2.3 Electronic Wire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Wires 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 Electrical Wires Market Size Forecast by Applications
6.2.1 Power Transmission
6.2.2 Telecom
6.2.3 Building Wiring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Wires 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 Electrical Wires 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 Electrical Wires Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Wires 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 Electrical Wires Market Size Forecast by Type
9.6.1 Wires
9.6.2 House Wire
9.6.3 Electronic 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 Electrical Wires Market Size Forecast by Applications
9.10.1 Power Transmission
9.10.2 Telecom
9.10.3 Building Wiring
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 Electrical Wires Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Wires 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 Electrical Wires Market Size Forecast by Type
10.6.1 Wires
10.6.2 House Wire
10.6.3 Electronic 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 Electrical Wires Market Size Forecast by Applications
10.10.1 Power Transmission
10.10.2 Telecom
10.10.3 Building Wiring
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 Electrical Wires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Wires 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 Electrical Wires Market Size Forecast by Type
11.6.1 Wires
11.6.2 House Wire
11.6.3 Electronic 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 Electrical Wires Market Size Forecast by Applications
11.10.1 Power Transmission
11.10.2 Telecom
11.10.3 Building Wiring
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 Electrical Wires Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Wires 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 Electrical Wires Market Size Forecast by Type
12.6.1 Wires
12.6.2 House Wire
12.6.3 Electronic 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 Electrical Wires Market Size Forecast by Applications
12.10.1 Power Transmission
12.10.2 Telecom
12.10.3 Building Wiring
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) Electrical Wires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Wires 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) Electrical Wires Market Size Forecast by Type
13.6.1 Wires
13.6.2 House Wire
13.6.3 Electronic 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) Electrical Wires Market Size Forecast by Applications
13.10.1 Power Transmission
13.10.2 Telecom
13.10.3 Building Wiring
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 Electrical Wires Market: Competitive Dashboard
14.2 Global Electrical Wires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Leoni
14.3.2 Judd Wire
14.3.3 Sumitomo Electric Industries
14.3.4 Furukawa Electric industries
14.3.5 General Cable Corporation
14.3.6 Belden
14.3.7 Cords Cable Industries Limited
14.3.8 Finolex Cables
14.3.9 Torrent Cables
14.3.10 Enfield Cables
14.3.11 Leoni
14.3.12 Marlin Wire