PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1942453
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1942453
The copper wire and cable market is estimated at USD 182.0 billion in 2025 and is projected to reach USD 324.7 billion by 2032, growing at a CAGR of 8.6% during the forecast period.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2022-2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Units Considered | Value (USD Million/Billion) and Volume (Kiloton) |
| Segments | By insulation type, voltage type, installation, application, end-use industry, and region |
| Regions covered | Americas, Europe, Asia Pacific, Middle East, Asia Pacific, Sub-Saharan Africa, North Africa, and Rest of the World |
Growth is driven by rising investments in power generation, transmission, and distribution infrastructure, along with increasing adoption of advanced manufacturing and automation technologies that require reliable, high-performance electrical connectivity. Accelerating deployment of renewable energy, electric vehicles, data centers, and smart infrastructure is strengthening demand for efficiently engineered copper wires and cables. Ongoing advancements in insulation materials, conductor design, and production processes are improving performance, durability, and cost efficiency, encouraging broader adoption of copper cable solutions across industrial, transportation, and energy-related applications.

"The underground installation type segment accounted for the largest share of the overall copper wire & cable market in 2024."
The underground installation type segment accounted for the largest share of the overall copper wire and cable market in 2024, driven by increasing urbanization and the growing need for reliable and space-efficient power distribution systems. Underground copper cables are widely preferred in dense urban areas, metro rail projects, smart cities, and commercial complexes due to their advantages, including enhanced safety, lower transmission losses, reduced exposure to weather-related disruptions, and improved aesthetics. Rising investments in grid modernization, replacement of aging overhead lines, and expansion of underground transmission and distribution networks in developed and emerging economies continue to support the segment's dominant market position.
"In terms of value, the medium voltage type segment accounted for the second-largest share of the overall copper wire & cable market in 2024."
In terms of value, the medium-voltage segment accounted for the second-largest share of the overall copper wire and cable market in 2024, supported by strong demand from power distribution networks, industrial facilities, and commercial infrastructure projects. Medium-voltage copper cables are extensively used in substations, renewable energy plants, utilities, and urban distribution systems due to their optimal balance between power-handling capacity, reliability, and cost efficiency. Ongoing investments in grid expansion, integration of distributed energy resources, and upgrading of aging distribution infrastructure continue to sustain the segment's significant market contribution.
"In terms of value, the automotive wiring segment is expected to register the highest CAGR during the forecast period."
The automotive wiring segment is expected to register the highest CAGR during the forecast period, driven by the rapid electrification of vehicles and increasing adoption of electric and hybrid vehicles. Rising vehicle electronic content, including advanced driver-assistance systems (ADAS), infotainment, battery management systems, and onboard charging infrastructure, is significantly increasing copper wiring requirements per vehicle. Additionally, stringent emission norms, growth in charging infrastructure, and the shift toward connected and autonomous vehicles are further accelerating demand for high-quality, lightweight, and high-performance copper wiring solutions.
"The Americas accounted for the second-largest share of the overall copper wire & cable market in 2024."
The Americas accounted for the second-largest share of the overall copper wire & cable market in 2024, supported by sustained investments in power transmission and distribution infrastructure and steady expansion of renewable energy capacity across the region. Strong demand from residential and commercial construction, growth in electric vehicle adoption and charging infrastructure, and increasing data center development further boosted copper cable consumption. Ongoing replacement of aging electrical networks and industrial modernization initiatives continued to underpin the region's significant market contribution.
Prominent companies in this market include NKT A/S (Denmark), Prysmian (Italy), Hellenic Cables (Greece), Sumitomo Electric Industries Ltd. (Japan), Helukabel (Germany), Nexans (France), LS Cable & System (South Korea), KEI Industries Limited (India), Polycab India Limited (India), Lapp Group (Germany), Ducab (UAE), Bahra Electric (Saudi Arabia), Riyadh Cables (Saudi Arabia), Jeddah Cables Company Ltd. (Saudi Arabia), and others.
Research Coverage
This research report categorizes the copper wire & cable market, by insulation type (PVC, XLPE, rubber), voltage type (high, medium, low), installation (underground, overhead, submarine), application (building wires, power cables, communication, automotive wiring), end-use industry (construction & infrastructure, IT & telecom, automotive, energy & power, industrial) and region (Americas, Europe, Asia Pacific, the Middle East, Sub-Saharan Africa, North Africa, and Rest of the World). The scope of the report includes detailed information on the major factors influencing the growth of the copper wire & cable market, including drivers, restraints, challenges, and opportunities. A breakthrough examination of the key industry players has been conducted to provide insights into their business overview, solutions and services, key strategies, and recent developments in the copper wire & cable market. This report includes a competitive analysis of upcoming startups in the copper wire & cable market ecosystem.
Reasons to buy this report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall copper wire & cable market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key drivers, restraints, challenges, and opportunities.