Home > Energy & Power > Wire and Cable > Power Cable > Commercial Wire and Cable Market

Commercial Wire and Cable Market Trends

Report ID: GMI9491
Published Date: May 2024
Report Format: PDF

Download Free Sample

Commercial Wire and Cable Market Trends

Sustainability and environmental responsibility are driving demand for eco-friendly materials and manufacturing processes. It includes the development of cables with reduced environmental impact, such as those made from recycled materials or designed for energy efficiency. Growing preference for fire-resistant and low-smoke, zero-halogen (LSZH) cables, with the increased awareness of safety standards and regulations, will also drive the demand of wire and cable in commercial sector.

The integration of advanced technologies such as IoT and automation are driving the demand for specialized cables capable of transmitting large volumes of data reliably and securely. Furthermore, the advent of 5G networks will also create opportunities for manufacturers to develop cables optimized for the demands of next-generation wireless communication, such as ultra-low latency and high reliability.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Market size for commercial wire and cable was valued at USD 90.2 billion in 2023 and will grow at 8.2% CAGR during 2024-2032, driven by rapid urbanization and industrialization which is increasing the demand for infrastructure development.

The coaxial/electronics segment in the commercial wire and cable market is anticipated to exceed USD 64.2 billion by 2032, due to the increasing adoption of electronic devices and appliances across various industries.

Asia Pacific market is poised to surpass USD 83.5 billion by 2032, driven by rapid industrialization and urbanization.

alfanar Group, Brugg Kabel AG, Belden, Dewey Electric, Fujikura Ltd., Federal Cables, HELUKABEL MiddleEast, KEI Industries Limited, Jeddah Cables, and Midal Cables Ltd. among others.