Cables Global Market Report 2024

Description

Cables Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for cables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cables market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Installation: Overhead; Underground; Submarine
2) By Voltage: High; Medium; Low
3) By End-User: Industrial; Aerospace And Defense; Oil And Gas; Energy And Power; IT And Telecommunication; Other End Users
Companies Mentioned: Prysmian Group; Nexans S.A.; The Furukawa Electric Co. Ltd.; Sumitomo Corporation; Belden Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A cable is a wire or a group of conductors utilized for the transmission of electricity or telecommunication signals from one location to another. Electric communication cables employ electrical impulses to convey voice messages, computer data, and visual images, while electric power cables use metal conductors to transmit electricity.

Cables are primarily installed through overhead, underground, and submarine methods. Overhead cables are positioned high above the ground using utility poles and encompass various voltage levels such as high, medium, and low. These cables find applications across diverse industries, including industrial, aerospace and defense, oil and gas, energy and power, IT and telecommunication, as well as construction.

The cables market research report is one of a series of new reports from The Business Research Company that provides cables market statistics, including cables industry global market size, regional shares, competitors with a cables market share, detailed cables market segments, market trends, and opportunities, and any further data you may need to thrive in the cables industry. This cable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cables market size has grown strongly in recent years. It will grow from $87.26 billion in 2023 to $95 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The expansion observed in the historical period can be ascribed to the impact of the industrial revolution, the expansion of electricity grids, urbanization and construction activities, growth in the automotive industry, and the boom in televisions and electronics. These factors collectively contributed to significant growth and development during the specified historic timeframe.

The cables market size is expected to see strong growth in the next few years. It will grow to $132.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to a focus on sustainability initiatives, increasing demands for security and surveillance, advancements in space exploration and satellite communication, shifts within the automotive industry, and a growing emphasis on energy efficiency requirements. Key trends expected in the forecast period encompass digital transformation, the expansion of renewable energy sources, the rollout of 5G and broadband technologies, the adoption of electric vehicles, and the integration of smart home technologies and the Internet of Things (IoT).

The cable market is poised for growth, driven by an increase in government investment in the transmission and distribution of electricity. As governments focus on expanding or upgrading electricity transmission and distribution systems, there is a corresponding rise in the demand for cables. According to statistical data from the International Energy Agency (IEA) in October 2022, the global investment for the period 2021-2030 is projected to be approximately $310 billion in electricity distribution and $97 billion in electricity transmission. This surge in government investments is a key factor propelling the growth of the cable market.

The growth of the cables market is further fueled by the increasing demand for renewable energy sources. With a focus on sustainability, renewable energy sources are gaining prominence, providing a cleaner alternative to traditional fossil fuels. Cables play a crucial role in efficiently transmitting, distributing, and integrating clean power into existing electrical infrastructure. As of June 2023, the Energy Information Administration reports a notable increase in renewable energy consumption in the United States, reaching 13.2 quads in 2022 from 12.1 quads in 2021. This growing demand for renewable energy sources is a significant driver for the cables market.

Innovation in product offerings is emerging as a key trend in the cables market, with major companies introducing robust and space-efficient products capable of withstanding extreme environments. For instance, in August 2021, Belden, a US-based manufacturer of networking, connectivity, and cable products, launched innovative products like Belden DataTuff Cat 6A, Belden OSDP Access Control Cables, and Alpha Wire ThermoThin Hook-Up Wires. These products are designed for high-movement and harsh-environment applications, providing dependable and robust performance while maximizing space utilization.

Major players in the cables market are focusing on technological advancements, such as multicore cables, to gain a competitive edge. Multicore cables, which combine multiple signals or power feeds into a single jacketed cable, are at the forefront of innovation. For instance, in October 2022, Sterlite Technologies Limited, an Indian-based optical and digital technology company, launched Multiverse. This technology enables high capacity per 5G cell site, supports Quad-core fiber connectivity in data centers for warehouse-scale computing, and allows the co-existence of quantum communication and telecommunication channels.

Strategic acquisitions are shaping the landscape of the cables market, exemplified by the October 2022 acquisition of Habia Cable by HEW-KABEL, a Germany-based manufacturer of special cables. This acquisition, for an undisclosed amount, brings together the expertise and resources of both companies, creating a stronger multinational entity with broader technologies. Habia Cable Aktiebolag, based in Sweden, specializes in cable and connectivity solutions for the telecom, offshore, and defense sectors. The strategic acquisition opens new opportunities for clients and enhances the overall capabilities of the combined entity.

Major companies operating in the cables market report are Prysmian Group, Nexans S.A., The Furukawa Electric Co. Ltd., Sumitomo Corporation, Belden Incorporated, Fujikura Ltd., Leoni AG, LS Cable & System Ltd., NKT A/S, Southwire Company LLC, ABB Ltd., Polycab India Ltd., Huawei Technologies Co. Limited, Axon Cable SAS, KEI Industries Ltd., General Cable Corp., Encore Wire Corporation, Finolex Cables Ltd., Bahra Cables Company, Brugg Kabel AG, Riyadh Cables Group Company, Sumitomo Electric Industries Ltd., Furukawa Electric Co. Ltd., Lapp Tannehill, Dacon Systems Inc., American Wire Group, CommScope Holding Company Inc., Sterlite Technologies Limited, Aksh Optifibre Ltd., and Paramount Communications Ltd.

Asia-Pacific was the largest region in the cables market in 2023. The regions covered in the cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cables market consists of sales of copper, aluminum, polymer, plastics, elastomers, and steel wire mesh. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12539

1. Executive Summary

2. Cables Market Characteristics

3. Cables Market Trends And Strategies

4. Cables Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Cables Market Size and Growth

5.1. Global Cables Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cables Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cables Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cables Market Segmentation

6.1. Global Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Overhead
Underground
Submarine
6.2. Global Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
High
Medium
Low
6.3. Global Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Industrial
Aerospace And Defence
Oil And Gas
Energy And Power
IT And Telecommunication
Other End Users

7. Cables Market Regional And Country Analysis

7.1. Global Cables Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cables Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cables Market

8.1. Asia-Pacific Cables Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cables Market

9.1. China Cables Market Overview
9.2. China Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cables Market

10.1. India Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cables Market

11.1. Japan Cables Market Overview
11.2. Japan Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cables Market

12.1. Australia Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cables Market

13.1. Indonesia Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cables Market

14.1. South Korea Cables Market Overview
14.2. South Korea Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cables Market

15.1. Western Europe Cables Market Overview
15.2. Western Europe Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cables Market

16.1. UK Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cables Market

17.1. Germany Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cables Market

18.1. France Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cables Market

19.1. Italy Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cables Market

20.1. Spain Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cables Market

21.1. Eastern Europe Cables Market Overview
21.2. Eastern Europe Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cables Market

22.1. Russia Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cables Market

23.1. North America Cables Market Overview
23.2. North America Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cables Market

24.1. USA Cables Market Overview
24.2. USA Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cables Market

25.1. Canada Cables Market Overview
25.2. Canada Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cables Market

26.1. South America Cables Market Overview
26.2. South America Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cables Market

27.1. Brazil Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cables Market

28.1. Middle East Cables Market Overview
28.2. Middle East Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cables Market

29.1. Africa Cables Market Overview
29.2. Africa Cables Market, Segmentation By Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cables Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cables Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cables Market Competitive Landscape And Company Profiles

30.1. Cables Market Competitive Landscape
30.2. Cables Market Company Profiles
- 30.2.1. Prysmian Group
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Nexans S.A.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. The Furukawa Electric Co. Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Sumitomo Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Belden Incorporated
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Cables Market Competitive Benchmarking

32. Global Cables Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cables Market

34. Cables Market Future Outlook and Potential Analysis

34.1 Cables Market In 2028 - Countries Offering Most New Opportunities
34.2 Cables Market In 2028 - Segments Offering Most New Opportunities
34.3 Cables Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer