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2021
Insulated Wire And Cable Market

Insulated Wire and Cable Market

By Material (Metal, Plastic, and Optical Fiber), Installation (Overhead, Underground, and Submarine), Voltage(Low Voltage, Medium Voltage, and High Voltage), and End User (Telecommunication, Energy & Power, Electronics, Construction, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

Report Code: A10286
Pages: 280
Feb 2021 | 6774 Views
Author(s) : N K, Asavari P , Vineet K
Tables: 149
Charts: 77
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Insulated Wire and Cable Market Outlook - 2027

The global insulated wire and cable market size was valued at $160.54 billion in 2019, and is projected to reach $244.23 billion by 2027, to register a CAGR of 5.3% from 2020 to 2027. Insulated wire and cable consists of non-conductive material that provide resistant from electric current. Wire and cable insulation protects the wire material from environmental threats such as water, heat etc., and gives better insulability at hightemperatures.

The telecommunication segment is expected to attain positive growth, owing to expansion of network establishment and data centers during the pandemic.

Insulated Wire and Cable Market

An insulated wire generally used in equipment such as fire alarm, heating device, automobile,and others needs safety at a high operating temperature. The effectiveness & safety of the wire depend on its insulation. An insulated wire of this category is usually molded by a conductor, which is coated with heat resilient organic resin such as fluororesin. There are various types of insulation wire and cable materials used for insulation, whichare selected on the basis of usage such as Polyvinyl Chloride (PVC), Semi-Rigid PVC (SR-PVC), Polyurethane (PUR), Chlorinated Polyethylene (CPE), Nylon, Neoprene (Polychloroprene), Silicone, Fiberglass, Ethylene Propylene Rubber (EPR), Rubber, Polytetrafluoroethylene (PTFE), and Thermoplastic Elastomers (TPE).Insulation wire and cable materials are widely available at a reasonable price.

Insulated Wire and Cable Market
By Material

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Optical Fiber segment would grow at a highest CAGR of 7.0% during the forecast period

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The global insulated wire and cable market is anticipated to witness significant growth during the forecast period. Factors such as growth in urbanization and rise in investments toward infrastructure development projects worldwide drive the growth of the insulated wire and cable market. The working of the whole world relies upon the timely delivery of electric supply. High usage of insulated wire and cable has been seen in the power sector in the recent time. Furthermore, the expanding population leads to rise in demand for power.

Insulated Wire and Cable Market
By Installation

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Overhead segment will secure the leading position during 2020 - 2027

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However, growing wireless technologies is a major restraint to global insulated wire and cable industry. Also, the North American region is expected to create opportunities for the insulated wire and cable industry, owing to vast increase in data consumption, which has resulted in investments by major telecommunication companies such as Verizon and AT&T in fiber networks.

Insulated Wire and Cable Market
By Voltage

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High Voltage segment will dominate the market with a highest CAGR of 7.0% during 2020 - 2027

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Segment Overview

The global insulated wire and cable market is segmented into material, installation, voltage, end user, and region. By material, the market is segmented into metal, plastic, and optical fiber. The installation segment is divided into overhead, underground, and submarine. By voltage, the market is fragmented into low voltage, medium voltage, and high voltage. Depending on end user, the market is segregated into telecommunication, energy & power, electronics, construction, automotive, and others.

Insulated Wire and Cable Market
By End User

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Telecommunication segment will maintain the lead during the forecast period

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Region wise, the insulated wire and cable market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).APAC is expected to develop at highest rate during the forecast period, owing to growingdemand for power, light & communication in the developing regions like China, India, Japan, and South Korea.

Insulated Wire and Cable Market
By Region

2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 5.9% during 2020 - 2027

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In India, the government initiatives such as “Make in India,” policy is expected to drive the market in the region. Additionally, Indian government planned to make the country one of the major electrical equipment manufacturer & attain business of USD 100 billion by matching the import & exports, as per “Indian Electrical Equipment Industry Mission Plan 2012-2022” of Ministry of Heavy Industries & Public Enterprises Government of India, hence, driving the demand for wires and cablesduring the forecast period.

Leading insulated wire and cable manufacturerssuch as General Cable Technologies Corporation, Nexans, and Southwire Company LLC, etc. are focusing their investment oncost-effective, technologically advanced, and more secure products for various applications.

Top Impacting Factors

The prominent factors that impact the insulated wire and cable market growth are increasing use of wires in the automotive sector, underground cables, and insulated optical fiber cables.However,Internet of Things which boost wireless technologiesmakes negative impact the market growth. On the contrary,surge in number of data centers, & development of smart cities is expected to create lucrative opportunities for the market.  Each of these factors is likely to have a definite impact on the growth of the global insulated wire and cable during the forecast period.

Competitive Analysis

Competitive analysis and profiles of the major insulated wire and cable market players such asAFC Cable Systems Inc., Alpha Wire, Amphenol Corporation, CommScopeInc., Fujikura Ltd., General Cable Technologies Corporation, Nexans, SAB Bröckskes GmbH & Co. KG, Southwire Company, LLC, and Sumitomo Electric Industries Ltd.These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

COVID-19 Impact Analysis

The overall effect of the COVID-19 outbreak is impacting the production process of several industries of insulated wire and cable market. As government of different provinces have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall insulated wire and cable market opportunity globally.

The COVID-19 pandemic is impacting the society & overall economy across the globe. The impact of this outbreak is rising day-by-day as well as affecting the supply chain. The crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increase in panic among the customer segments.

The Asian and European countries under lockdowns have suffered in major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been negatively impacted, but demand for cables has been increased in IT & telecom sector owing to expansion of internet networks, data centers, among others by the outbreak of the COVID-19 disease; thereby, overall insulated wire and cable market growth almost remain unchanged in 2020.

The COVID-19 has been impacted severely on the electronics sector as the production facility have stalled, which in turn have the significant demand in the industries. The symptoms include a large-scale manufacturing interruption across Europe, interruption in Chinese parts exports, which may hinder the insulated wire and cable market outlook.

Key BenefitsFor Stakeholders

  • This study comprises analytical depiction of the global insulated wire and cable market size along with the current trends and future estimations to depict the  imminent investment pockets.

  • The overall insulated wire and cable market analysis is determined to understand the profitable trends to gain a stronger foothold.

  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current insulated wire and cable market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the insulated wire and cablemarket share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Insulated Wire and Cable Market Report Highlights

Aspects Details
By Material
  • Metal
  • Plastic
  • Optical Fiber
By Installation
  • Overhead
  • Underground
  • Submarine
By Voltage
  • Low Voltage
  • Medium Voltage
  • High Voltage
By End User
  • Telecommunication
  • Energy & Power
  • Electronics
  • Construction
  • Automotive
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Alien Technology, APPLIED WIRELESS IDENTIFICATIONS GROUP, INC., AVERY DENNISON CORPORATION, Checkpoint Systems, Inc., HONEYWELL INTERNATIONAL INC., iDTRONIC GmbH, IMPINJ, INC., INVENGO TECHNOLOGY PTE. LTD., NXP Semiconductors, ZEBRA TECHNOLOGIES CORP.
 

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An insulated wire and cable are basically a number of grouped conductors surrounded by a non-conductive element generally surrounding or separating two or more conductive materials. These insulated wire and cable are generally used for transmission of signals or electrical energy.

There are various types of insulted wire and cable available, which are used according to specific need of users, such as Vulcanised Indian Rubber Insulated Wires, Tough Rubber Sheathed (T.R.S.) and Cab Tyre Sheathed (C.T.S.) Wires, Metal Sheathed or Lead Sheathed Wires, Weather-Proof Wires, Wires with Thermo-Plastic Insulation (P.V.C. Wires), Twin Rubber Insulated Flexible Cord, Paper-Insulated Cable, Tropodur Cables, and Mineral-Insulated Cable.

The global insulated wire and cable market is anticipated to witness significant growth over the period of forecast. Factors such as growth in urbanization and rise in investments toward infrastructure development projects worldwide drive the growth of the Insulated wire and cable market. The working of the whole world relies upon the timely delivery of electric supply. High usage of insulated wire and cable has been seen in power sector in the recent time. Further, the expanding population leads to rise in demand for power.

However, growth in wireless technologies is a major restraint to global insulated wire and cable industry. Also, North American is expected to create opportunities for the insulated wire and cable industry, owing to vast increase in data consumption. Reasons such as growing construction and manufacturing sector, incentives in the Union Budget worldwide owing to COVID-19 pandemic, are expected to contribute toward the insulated wire and cablemarket growth in the coming years.

The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch, acquisition, and expansion are expected to be the prominent strategies adopted by the market players.

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FREQUENTLY ASKED QUESTIONS?

A. The Insulated Wire and Cable Market is estimated to grow at a CAGR of 5.3% from 2020 to 2027.

A. The Insulated Wire and Cable Market is projected to reach $244.23 billion by 2027.

A. To get the latest version of sample report

A. Increasing use of wires in the automotive sector, underground cables, and insulated optical fiber cables boost the Insulated Wire and Cable market growth.

A. The key players profiled in the report include AFC Cable Systems Inc., Alpha Wire, Amphenol Corporation, CommScope Inc., Fujikura Ltd., and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Insulated Wire and Cable Market is segmented on the basis of material, installation, voltage, end user, and region.

A. The key growth strategies of Insulated Wire and Cable market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Optical Fiber segment would grow at a highest CAGR of 7.0% during the forecast period.

A. Overhead segment will secure the leading position during 2020 - 2027.

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