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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wires And Cables Market
Request Now !Wires and cables are required in almost every industry. Wire is an elongated large piece of metal, which generally carries electric current. It is also used to carry telecommunication signals and mechanical or electrical loads. Electrical wires are generally circular in shape. Cables are two or more electric wires assembled together in a bundle. There are three important components of cable wires, cable jacket, wire insulation, and stripped wire. Two or more devices can be connected with the help of electrical wires.
COVID-19 scenario analysis:
Electrical wires and cables are considered to be an integral part of any electrical or electronic system. Without using wires and cables, running these devices is not possible. The wires are produced by using the drawing technique. In this process, the metal is drawn through the hole in draw plate or die. Electric wire is available in different forms such as braided, stranded, and stranded. Wire is used as raw material for different applications such as wire cloth spinning, making of wire cloth, engineered springs, and in the wire netting industry. Wire cloth is used for various purposes such as window screens, paper pulp draining, and sifting & screening machinery. Wire cloth comes with different mesh fineness and degrees of strength. In the telecommunication industry, steel, nickel, copper, and aluminum wires are widely used in data cables and telephone cables. In electric power transmission, wire is used as conductors.
Electrical cables enable the power or electrical signal transfer between two devices. As cables are used for the connection of two devices, it is also referred as connector. There are different types of electrical cables such as undersea cables, power cables, and high voltage cables. Electrical cable is used for various purposes and the cables are produced according to the requirement of cable in specific application. Use of electrical cables in electronic device for signal and power circuit is very common. Undersea cables are used as a communication medium for long-distance communications. Direct current power and alternate current power are transmitted in bulk by using high-voltage power cables. In addition, electric cables are also used in building wiring for control & power circuits and lighting, which are installed in buildings. Electrical cables are generally coated with some fire-redundant material to reduce the danger of short circuit.
The use of internet across the globe is increasing at a rapid pace. For internet connection, wire and cables are an important component; therefore, the demand for wires and cables is expected to increase during the forecast period. The Government of India under its smart city project is aiming to install 130 million smart meters by 2021. This is estimated to be the key driving factor for the growth of the wires and cables market. However, at present, wireless devices are used in large numbers across the globe. Therefore, this is estimated to be the factor that hampers the growth of the wire and cables market.
Key benefits of the report:
Key Market Segments
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By Voltage Type |
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By Installation |
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By Application |
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By End-User Industry |
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Key Market Players
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