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Increased use of insulated cables and wires in the automotive sector are expected to drive innovation in insulated cables manufacturing, thus driving the market during the forecast period.

The global insulated cables market is expected to grow from $117 billion in 2022 to $125.3 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global insulated cables market is expected to grow to $158.77 billion in 2027 at a CAGR of 6.1%.

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Global Insulated Cables Market Segments Include:

• By Type: Copper, Aluminum, Fiber Optic, Other Types
• By Voltage: Low Voltage, Medium Voltage, High Voltage
• By Application: Electrical Equipment, Construction, Telecommunications, Motor Vehicles, Industrial Machinery
• 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 is the largest region in the global insulated cables market in 2021.

Major Market Players in the insulated cables market include Southwire, General Cable, 3M, ABL Electronic Supplies, Inc., AFC Cable Systems, Amphenol Corp., Asia-Pacific Wire, and Cable Corporation Limited.

The latest trend in the insulated cables market is the development of efficient, reliable, and eco-friendly cables used for power transmission. The new cables are produced to provide power transmission across long distances coupled with high thermal performance and high reliability. The new eco-friendly cables that reduce carbon emission, represent the next generation solutions for land cable systems. For instance, in April 2021, Prysmian Group, an Italy-based company specialising in the production of electrical cable, launched ECO CABLE. The cable industry’s first certifiable green product label for the energy transition. The ECO CABLE label is assigned automatically based on recognised and measurable criteria derived from the EU Ecolabel Regulation no 66/2010 and in accordance with the main regulatory frameworks and requirements, with a very specific focus on cable products such as carbon footprint, absence of substances of very high concern, recyclability/circularity, recycling input rate, environmental benefits, and cable transmission efficiency.

The Insulated Cables Global Market Report 2023  provides a insulated cables market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The insulated cables market forecast analyzes insulated cables market size, insulated cables market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The insulated cable is a cable that is resistant to electric current as it consists of non-conductive material. Insulated cables are used in lights, fans, computers, television, and telephone. Insulated cables are used in various applications such as electrical equipment, construction, telecommunications, and motor vehicles.

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