Learn about the global wires and cables market through The Business Research Company, which provides information on wires and cables market size, wires and cables market drivers and restraints, wires and cables market players, the COVID-19 impact on the wires and cables market, and more.

The global wires and cables market size is expected to grow from $210.35 billion in 2021 to $232.38 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The wire and cable market is expected to reach $334.60 billion in 2026 at a CAGR of 9.5%.

Technological advances in the communication industry are expected to be a key driver of the wires and cables market.

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The wires and cables market consists of the sales of new wires and cables by entities (organizations, sole traders and partnerships) that manufacture insulated fiber optic cables which are network cables containing strands of glass fibers inside an insulated case, and coaxial cables and other insulated nonferrous wires which are copper and aluminium wires used by industries including energy, automotive, telecoms and others. The wires and cables market does not include sales from services, repair and maintenance of wires and cables.

Global Wires And Cables Market Segments Include:
By Type: Fiber Optical Cable, Coaxial Cables, Others

By End-Use Industry: Energy, Telecommunications, Building and Construction, Industrial Manufacturing, Automotive, Medical Equipment, Others

By Sales Channel: OEM, Aftermarket

By Mode: Online, Offline

Subsegments Covered: Insulated Cables, Shipboard Cables, Aircraft and Automotive Cables, Single-Mode Fiber Cables, Multimode-Fiber Cables

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the wires and cables market in 2021.

The demand for miniature connectors is growing rapidly in industries such as mobile technology, aerospace, defense and medical equipment to enhance connectivity and minimize space in electrical and electronic devices. Miniature connectors’ also known as micro connectors include subminiature, micro miniature and ultra-micro miniature connectors. Micro connectors are rectangular cross sections that carry power and data. Miniature connectors can handle about 10 Gbps data and advance miniature board to board connectors can handle about 20 Gbps data.

TBRC’s wires and cables market report covers:

Major Market Players: Sumitomo Electric Industries Ltd., Guardian Industries, LLC, Prysmian Group, Nexans S.A., Southwire Company, LLC, LEONI AG, Corning Incorporated, Eaton Corporation plc, Fujikura Ltd., and Berkshire Hathaway Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Wires And Cables Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides wires and cables market overviews, analyzes and forecasts market size, share, wires and cables market players, wires and cables market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s wires and cables market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Electrical Equipment Global Market Report 2022

Insulated Cables Global Market Report 2022

Coaxial Cables Global Market Report 2022

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