Delray Beach, FL, Aug. 21, 2025 (GLOBE NEWSWIRE) — In terms of value, the Wire & Cable Market is estimated at USD 201.04 billion in 2024 and is projected to reach USD 266.17 billion by 2029, at a CAGR of 5.8%, as per the recent study by MarketsandMarkets™. There are various factors due to which the demand for wire & cable will grow in the coming years. Firstly, the growing renewable energy sector is a major driver of the wire & cable market. Countries across the globe are increasing their renewable energy production by installing grid technology and initiating offshore as well as onshore wind projects. These projects are generating huge revenues for wire and cable manufacturers especially since there is an increased demand for submarine cables due to offshore projects. Additionally, countries worldwide are investing heavily and providing subsidies to boost EV sales, which is further necessitating the need for more EV charging points. This is significantly driving the need for specialized EV cables. Construction, Telecommunication, Energy & Power, Automotive, and Oil & Gas industries are generating significant demand for wire and cables.
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Browse in-depth TOC on “Wire & Cable Market”
175 – Market Data Tables
71 – Figures
258 – Pages
List of Key Players in Wire & Cable Market:
- Prysmian (Italy), Belden Inc. (US),
- Fujikura Ltd. (Japan),
- Furukawa Electric Co., Ltd (Japan),
- Leoni Ag (Germany), Nexans (France),
- Emerson Electric Co. (US),
- Hellenic Cables (Greece),
- KEI Industries (India),
- Sumitomo Electric Industries, Ltd. (Japan),
- NKT A/S (Denmark),
- Finolex Cables Ltd (India),
- Helukabel (Germany)
Drivers, Opportunities and Challenges in Wire & Cable Market:
- Drivers: Rising demand for cables from renewable energy sector
- Restraint: Fluctuating raw material prices.
- Opportunity: Surge in demand for …