The global wire and cable market value was $308 billion in 2025 and is forecast to grow at a cagr of 6.6% to $422 billion in 2030.
- The fastest growing cable is insulated copper subsea cable but the largest in tonnage is bare ACSR conductor, reflecting the expansion of transmission networks, followed by building wire and winding wire. In value the largest demand is for bare ACSR conductor, followed by underground cable, building wire and winding wire.
- Market size and forecasts of twelve categories of wire and cable are provided in tonnes and US$ from 2024 to 2030, globally, for 37 countries and 10 regions.
- 1,711 manufacturers of wire and cable are listed across every market.
- Market size in US$ was calculated for each country as production + imports exports = market.
- Consumption was crosschecked with parallel calculations derived from the published volume of copper and aluminium, the core conductor materials.
- Growth forecasts for each product were derived from disaggregated industry forecasts of the 12 product categories in each country.
- National % production shares by value of the 1,711 wire and cable manufacturing companies are provided in every country.
- Market commentary for 37 countries: the market, network developments, telecoms, automotive, construction, OEM, together with profiles of 346 leading manufacturers.
- Outlines of important product and technology categories, e.g. subsea cable, land based UGC, superconductors, industrial cable, electrified railways, cable properties.
- Statistical analysis of the accuracy of the market data.
PRODUCT CATEGORIES - Every market is analysed by these categories.
- Power cable network - LV, MV, HV - underground - copper
- Power cable network - LV, MV, HV - subsea - copper
- Power cable network - LV, MV, HV - underground - aluminium
- Bare conductor - LV - overhead - copper
- Bare conductor AAAC - LV, MV - overhead - aluminium
- Bare ACSR - MV, HV - overhead - aluminium and steel
- Telecom cable (external) - copper
- Other comms cable - (internal) - copper
- Building wire < 600 V - copper
- Magnet wire - copper
- Auto wire & cable - copper
- Other LV energy - copper
METHODOLOGY
Two independent operations have sized and forecast the market, providing crosschecking the accuracy of the market estimates.
1. Value based on the supply-side (production) - New in 2025.
This new 7th edition of the report has added a new dimension to measuring accuracy, a second independent procedure based on the supply side: production + importsexports = consumption. USD wire and cable production of wire and cable has been recorded or estimated for 1,711 companies spread over every country.
2. Value based on the demand-side (consumption).
The previous 6th edition of this report developed a new methodology based on the demand side with a disaggregated sizing and forecasting of consumption of 12 separate subcategories of the wire and cable market. Each of these segments has its own distinct characteristics and was sized in tonnage and its growth forecast for each individual market, e.g. auto wire and cable, based on the automotive market forecasts for each country. Values were calculated for each product category.
3. Statistical accuracy - New in 2025.
For the first time, we have introduced statistical analysis, applying formulae in common use by engineers and research scientists to calculate the accuracy of the market figures in every country.
Because these methodologies for market calculation are independent they provide the opportunity to evaluate each set of results and the statistical accuracies of the final market figures were 7% for method (1) and 5% for method (2).