Electric Vehicle Adoption Powers Growth of Insulated Wires & Cables Market in the E-Mobility Revolution

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Oct 20, 2023, 21:30 ET

DUBLIN, Oct. 20, 2023 /PRNewswire/ -- The "Insulated Wires and Cables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for insulated wires and cables is expected to experience significant growth, with an estimated value of US$170.2 billion in 2022 projected to reach approximately US$280.8 billion by 2030.

This growth is anticipated to occur at a compound annual growth rate (CAGR) of 6.5% during the forecast period of 2022-2030. Key insights from the report include:

Market Segmentation:

Metal: This segment is projected to grow at a CAGR of 6% and reach an estimated value of US$166.5 billion by the end of the analysis period.
Plastic: The plastic segment is expected to exhibit growth at a CAGR of 6.9% over the next eight years.

Regional Analysis:

The United States is estimated to have a market worth approximately US$22.2 billion in 2022.
China, as the world's second-largest economy, is forecasted to reach a market size of US$87.8 billion by 2030, with a CAGR of 7.6% during the period of 2022-2030.
Other noteworthy geographic markets include Japan and Canada, each projected to grow at rates of 3.8% and 4%, respectively, between 2022 and 2030.
Germany is forecasted to experience a CAGR of approximately 5.5%.

Key Competitors:

The report features a total of 195 featured competitors in the insulated wires and cables market, including companies such as:

AFC Cable Systems Inc.
Alpha Wire
Amphenol Corporation
CommScope Inc.
Fujikura Ltd.
Nexans
SAB Brockskes GmbH & Co. KG
Southwire Company, LLC
Sumitomo Electric Industries Ltd.
Tefkot Cable Company

Economic Outlook:

The global economic outlook is showing signs of improvement, with expectations of growth recovery in the current and next years. While the United States has overcome the recession threat, it is witnessing slowing GDP growth due to tight monetary and financial conditions. The Euro area is experiencing easing headline inflation, which is contributing to increased economic activity. China is expected to see robust increases in GDP as the pandemic threat recedes and the government adjusts its COVID-19 policies. India remains on course to become a US trillion economy by 2030.

However, the economic recovery remains fragile, with challenges including slower-than-expected declines in global headline inflation, persistent food and fuel inflation in many developing countries, and high retail inflation impacting consumer confidence and spending. Governments are addressing these challenges by raising interest rates to combat inflation, potentially slowing down job creation and economic activity. Additionally, a stricter regulatory environment and the push to incorporate climate change considerations into economic decisions add complexity to the global economic landscape.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Insulated Wires and Cables - Global Key Competitors Percentage Market Share in 2022 (E)
Long Term Prospects for the Industrial Wires and Cables Market
Increasing Adoption of Fiber Optical Cables & Polymer Optic Fibers
Robust Demand for Fast-Charging Cables
Asia-Pacific Dominates Global Insulated Wire & Cable Market
PVC Insulated Wires Emerge as Popular Option for Electrical Industries
Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
Industrial Activity Remain Subdued in the Immediate Term, Inducing Weakness into Insulated Wires & Cables Market
World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
Global PMI Index Points for the Years 2018, 2019 & 2020
Recent Market Activity
WORLD BRANDS
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Telecommunications Industry Remains the Largest Revenue Contributor
COVID-19 Impacts Investments in 5G
Global Smartphone Subscription Breakdown by Technology: 2019 and 2025
Fiber Optic Wires & Cables Gain Widespread Popularity
Fiber Optics Emerge as Preferred Transmission Medium for Undersea Applications
Active Optical Cables Subvert Copper Cables' Demand
Comparison between AOC and Copper Cables
Global AOC Market by Application Platform (2020): Percentage Breakdown of Units for Personal Computer, High Definition Television, Consumer Electronic Devices and High-Performance Computers
Global AOC Market by Application Type (2020): Percentage Breakdown of Units for HDMI and DisplayPort
Fiber Optic Cables Makes Headwinds towards Diagnostic & Digital Imaging Applications in Healthcare
Rising Bandwidth Demand Putting the Global Insulated Wires and Cables Market in Overdrive
Spurt in Work-From-Home & Online Collaboration Volumes Spur Bandwidth Needs Worldwide
Fixed Broadband Speed (in mbps) in Select Countries: April 2020
Breakdown of Internet Users (in %) by Region: Q1 2020
Internet Penetration Rate (%) in Select Countries: April 2020
Rise of Mobile Communication Networks Accelerates Telecommunication Sector to a New Level, Generating Parallel Opportunities to Wires & Cables Market
Smartphone Penetration Rate as Share of Total Population: 2016-2021
Power Infrastructure to Drive Growth
Focus on Establishing Renewable Energy Infrastructure Lends Traction
EHV and HV Insulated Power Cables: Changing Operating Environment
Trends in HV/EHV Cable Designs and Future Concepts
Residential & Commercial Construction Sector: Short-Term Prospects Remain Sluggish Amid Ongoing Onslaught of Covid-19 Outbreak
World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
Housing Projects Scenario in the US
Key Indicators for US Residential Construction Market
Computers and Consumer Electronics: A High Growth Market
Increasing Prevalence of High-Speed HDMI Cables
Despite the Crushing Impact of COVID-19 Crisis, Automotive Industry Remains an Important Consumer of Insulated Wires and Cables
World Automobile Production in Million Units: 2008-2022
Evolving Car Electronics to Drive Long Term Gains
Popularity of Electric Vehicles to Power Growth
Aerospace Industry Demands High End Wires and Cables
Oil and Gas Industry: Role of Cables, Wires and its Compounds
Copper Continues to Reign the Insulated Cable and Wire Market
Polyvinyl Chloride finds Favor as an Insulation Material
Greenhouse Gas Emission Targets Brightens Prospects for Insulation
High Temperature Insulation Sector to Grow Worldwide
Emphasis on Green Materials

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/kagr5s

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