Increasing Adoption Of Fast Charging Cables By Wires And Cables Manufacturers
The wires and cables market can be segmented by type into other cables, fiber optic cable, and co-axial cable. Other cables was the largest segment in the global wires and cables market in 2018, accounting for more than 70% of the market. This is attributed to the large-scale use of cables such as insulated cables, shipboard cables and aircraft and automotive cables in end use markets such as automotive, aircraft manufacturing, and construction.
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The global electrical equipment market, of which the wires and cables market is a segment, reached a value of more than $1,000 billion in 2018, having grown at an annual growth rate of about 5% since 2014, and is expected to further grow at a significant rate to more than $1,400 billion by 2022. The wires and cables market is the fourth largest segment of the electrical equipment market, accounting for 13% of the electrical equipment market.
The wires and cables market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider electrical and electronics manufacturing market, and compares it with other markets.