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Insulated Wires and Cables - Global Market Trajectory & Analytics

  • ID: 347952
  • Report
  • April 2021
  • Region: Global
  • 588 Pages
  • Global Industry Analysts, Inc
Amid the COVID-19 Crisis, Insulated Wires and Cables Market to Reach a Revised US$231.8 Billion by 2027

The global market for Insulated Wires and Cables is projected to reach US$231.8 billion by the year 2027, trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Production and manufacturing plants are worst impacted by the pandemic. Plant closures, scaling down of production, worker dislocation, capital flight & weak consumer have emerged as major challenges to growth. Falling sales and revenue turnover, liquidly issues and cash flow disruptions are impacting planned plant upgrades. Electrical cabling for instrumentation, communication and automation in plants as a result are receiving a direct blow. In the post COVID-19 period, market prospects are expected to be promising, with China and the U.S. forecast to drive demand for low voltage energy and fiber optic cabling.lso, public infrastructure and construction projects in the long run will provide impetus to demand for wires and cables demand. At present stimulus has been focused mainly on relief measures, with several countries deferring immediate investments projects due to the COVID-19 pandemic. Stimulus packages are being announced by several governments. While China announced $390 billion investments into local government infrastructure bonds, the US has announced $2 trillion infrastructure package. Such stimulus packages will influence demand for wire and cable, specifically in segments such as low voltage, high voltage and fiber optic cabling.

Insulated wires and cables today enjoy an almost ubiquitous presence in the construction, electrical and electronics, power, and telecommunication industries. As a medium which transfers electricity, these units deliver the crucial electrical fuel that powers electrical as well as electronic components. Resultantly, the demand for insulated wires and cables always move hand-in-glove with the economic growth, given the intricate correlation between GDP growth, level of construction activities, and growth of the industrial sector. Pre-COVID 19, strong economic growth, industrialization, and urbanization, had resulted in increased infrastructure and housing needs, thereby translating into improved construction activities across all sectors, including residential, commercial, and infrastructure. Construction industry therefore remains a very vital element in every country's economy, the importance of which can be thrown into perspective by the fact that the industry makes a significant contribution to the world's GDP. With the global population growing at a robust rate, specifically in the developing nations, demand for housing units and infrastructure facilities is expected to increase post-COVID 19, thereby offering huge growth opportunities for the insulated wires and cables market.

Select Competitors (Total 195 Featured):
  • ABL Electronic Supplies, Inc.
  • AFC Cable Systems, Inc.
  • AFL
  • Amphenol Corp.
  • Aptiv PLC
  • Asia Pacific Wire & Cable Corporation Limited
  • Belden, Inc.
  • Cable USA
  • Carlisle Interconnect Technologies
  • Cerrowire LLC
  • Coleman Cable, Inc.
  • CommScope, Inc.
  • Corning Incorporated
  • Ducommun LaBarge Technologies
  • Electrical Components International
  • Encore Wire Corporation
  • Finolex Cables Ltd
  • Fujikura Group
  • Furukawa Electric Company Limited
  • General Cable Corporation
  • Hitachi Metals, Ltd.
  • Leviton Manufacturing Company, Inc.
  • LS Cable & System Limited
  • MOLEX, Inc.
  • NEXANS SA
  • NKT Cables Group GmbH
  • Olex Cables Limited
  • Permanoid Ltd.
  • Prysmian Group S.p.A.
  • Rea Magnet Wire Company, Inc.
  • Southwire Company, LLC
  • Sumitomo Electric Industries Ltd.
  • Superior Essex Incorporated
  • TE Connectivity
  • Tele-Fonika Kable S.A.
  • The Okonite Company
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 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
  • Exhibit 1: World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Exhibit 2: Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
  • Exhibit 3: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Recent Market Activity
  • WORLD BRANDS
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Telecommunications Industry Remains the Largest Revenue Contributor
  • COVID-19 Impacts Investments in 5G
  • Exhibit 4: 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
  • Exhibit 5: Global AOC Market by Application Platform (2020): Percentage Breakdown of Units for Personal Computer, High Definition Television, Consumer Electronic Devices and High-Performance Computers
  • Exhibit 6: 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
  • Exhibit 7: Fixed Broadband Speed (in mbps) in Select Countries: April 2020
  • Exhibit 8: Breakdown of Internet Users (in %) by Region: Q1 2020
  • Exhibit 9: 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
  • Exhibit 10: 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
  • Exhibit 11: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Housing Projects Scenario in the US
  • Exhibit 12: 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
  • Exhibit 13: 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
  • UNITED STATES
  • Short-Term Prospects Remain Sluggish Amid Ongoing Onslaught of Covid-19 Outbreak
  • Exhibit 20: Number of States Limiting Construction Industry due to COVID-19 (As of April 2020)
  • Exhibit 14: US Construction Spending in US$ Billion for the Period January 2012 to January 2020
  • Exhibit 15: Key Indicators for US Residential Construction Market
  • Insulated Wire and Cables Market to Gain from Green House Gas Emission Targets
  • CANADA
  • Market Overview
  • Exhibit 16: Residential and Non-Residential Building Permits in Canada (in Units) for Dec-2019 to Feb-2020
  • JAPAN
  • CHINA
  • Rapid Urbanization in China to Promote Future Demand for Industrial Wires and Cables
  • Exhibit 17: Urbanization in China (2007, 2010, 2013, 2016 & 2019): Percentage Share of Total Population Living in Cities
  • EUROPE
  • Market Overview
  • Installation of Fiber Optic Networks Drives Demand for Insulated Wires and Cables
  • Exhibit 18: FTTH and FTTB Penetration in Europe: 2019 & 2025
  • Decline in Construction Spending Due to Covid-19 Outbreak to Impact Market Prospects
  • Europe Construction Output YoY Change in % from 2017-2022
  • Europe’s Auto Sector: Key Consumer of Insulated Wires & Cables
  • Exhibit 19: EU Car Sales YoY Change in % from 2011-2020
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • Internet-based Services to Drive Investments in Telecom Infrastructure Development
  • Automotive Market: An Important End-Use Market
  • Power Industry to Drive Demand for Insulated Wires and Cables
  • Construction Activity in Asia-Pacific to Spearhead Growth
  • Market Analytics
  • AUSTRALIA
  • INDIA
  • Market Overview
  • Telecom Cable Market
  • Overview of Power Cable Industry
  • Automotive Production & Sales Lends Traction to the Market
  • Construction Activity Drives Insulated Wires and Cables Industry
  • Market Analytics
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 195
Note: Product cover images may vary from those shown
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