The Global Wires And Cables Market Report by TBRC covers wires and cables market size, drivers, restraints, key players, and the impact of COVID-19.
LONDON, GREATER LONDON, UK, August 4, 2022 /EINPresswire.com/ — As per The Business Research Company’s “Wires And Cables Global Market Report 2022”, the wires and cables market size is expected to grow from $210.35 billion in 2021 to $232.38 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The wire and cable market share is expected to reach $334.60 billion in 2026 at a CAGR of 9.5%. Technological advances in the communication industry are expected drive the wires and cables industry growth.
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Key Trends In The Global Wires And Cables Market
Wires and cables market trends include the demand for miniature connectors which is growing rapidly in industries such as mobile technology, aerospace, defense and medical equipment to enhance connectivity and minimize space in electrical and electronic devices. Miniature connectors’ also known as micro connectors include subminiature, micro miniature and ultra-micro miniature connectors. Micro connectors are rectangular cross sections that carry power and data. Miniature connectors can handle about 10 Gbps data and advance miniature board to board connectors can handle about 20 Gbps data. For instance, some of the major companies offering miniature connectors include AMETEK, Omnetics, Amphenol and molex.
The wires and cables market consists of the sales of new wires and cables by entities (organizations, sole traders and partnerships) that manufacture insulated fiber optic cables which are network cables containing strands of glass fibers inside an insulated case, and coaxial cables and other insulated nonferrous wires which are copper and aluminum wires used by industries including energy, automotive, telecoms and others. The wires and cables market does not include sales from services, repair and maintenance of wires and cables.
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Global Wires And Cables Market Segments
The global wires and cables market is segmented:
By Type: Fiber Optical Cable, Coaxial Cables, Others
By End-Use Industry: Energy, Telecommunications, Building and Construction, Industrial Manufacturing, Automotive, Medical Equipment, Others
By Sales Channel: OEM, Aftermarket
By Mode: Online, Offline
By Geography: The global wires and cables market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.
Wires And Cables Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of wires and cables market. The market report analyzes wires and cables market size, wires and cables market growth drivers, wires and cables market segments, wires and cables market major players, wires and cables market growth across geographies, and wires and cables market competitors’ revenues and market positioning. The wires and cables global market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
Wires And Cables Global Market Report 2022 from TBRC covers the following information:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Major Market Players: Sumitomo Electric Industries Ltd., Guardian Industries, LLC, Prysmian Group, Nexans S.A., Southwire Company, LLC, LEONI AG, Corning Incorporated, Eaton Corporation plc, Fujikura Ltd., and Berkshire Hathaway Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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