Europe Wire and Cable Market Size By Product (Coaxial Cables/Electronic Wires, Fiber Optics Cables, Power Cables, Signal & Control Cable, Telecom & Data Cables), By Voltage, Application, & Global Forecast, 2023 – 2032

Europe Wire and Cable Market Size

Europe Wire and Cable Market size surpassed USD 30 billion in 2022 and is anticipated to record 6% CAGR from 2023 to 2032.
 

Energy consumption patterns have considerably been impacted by the pace of infrastructure-building operations. A consistent and dependable power supply is seen to be a crucial element needed to increase infrastructure investment. As a result, sales of components for power protection and distribution, such as insulated electric wires, have accelerated significantly. It is expected that the entry of more equity into the civil/infrastructure market would attract infrastructure investments in the coming years, which, in turn, will push the need for wires and cables.
 

Major nations in region lack refined copper production which may restrain Europe wire and cable market development. The supply of copper wire rods in different nations is on the rise owing to the establishment of numerous new firms. Investment by local producers to expand their capacity has become a priority for these players. As controlling raw material costs is a top responsibility for producers, the fluctuating price of raw materials may harm the business landscape. Apart from this, the high dependency of producers on imported raw materials can cause growth of the industry to slow down.
 

Rising usage of coaxial cables by internet services providers to influence market expansion

The European industry size from the coaxial cables/electronic wires segment is predicted to observe 6.5% growth during 2023-2032. With the COVID-19 pandemic, almost every household globally has installed internet connections to work and stay connected with the rest of the world. As these cables have excellent endurance and are easy to install, the demand has significantly increased over the past several years. The adoption of these cables across commercial corporate campuses and institutions is being facilitated by their capacity to carry enormous volumes of data at significant rates.
 

Europe Wire and Cable Market Analysis

Europe wire and cable market from the low voltage sector was worth USD 16 billion in 2022. These cables come in a wide range and often go up to 1,000 V. As they have very large unit installations for a specific power capacity, these cables have seen a significant increase in market penetration over time. The progression of the electronics and communication industries, together with the rising demand for a reliable and inexpensive electrical supply, is expected to improve industry outlook.
 

The wire and cable market in Europe from the automobile segment held 8% share in 2022. The automotive industry is witnessing significant transformations in relation to the new industrial innovations. The growing focus on the use of zero-emission vehicles including BEVs, HEVs, and PHEVs is augmenting the demand for wires & cable across the region. Moreover, the soaring requirement for commercial vehicles across e-commerce and other logistics industries will drive business statistics.
 

Germany wire and cable market size is expected to cross USD 7 billion by 2032 due to the growing demand for environmentally friendly electrical infrastructure. The growing need for energy will expand as a result of ineffective grid infrastructure present in developing nations and the rising demand for advanced transmission and distribution systems. In 2020, Germany’s energy import dependency was nearly 63.7%, however, lower compared to the previous year’s 67%. The need for the country to be independent in its energy needs is expected to influence market growth by end of 2032.
 

Europe Wire and Cable Market Share

The major players operating in the Europe wire and cable market include:

• TKH GROUP
• Prysmian Group
• HELUKABEL GmbH
• Nexans
• SAB Bröckskes GmbH & Co KG
• Sumitomo Electric Industries Limited
• Hellenic Group
• NKT A/S
• Belden Inc
• LS Cable & System Ltd
• Tecnikabel SpA, Furukawa Electric Co., Ltd
• TFKable
• CommScope
• Studer Cables AG
• Lapp Group
• Elsewedy Electric
• Viakon
• Shawcor Waskönig & Walter (DE)
• Klaus Faber AG
• Dätwyler IT Infra GmbH
• Friedrich Lütze GmbH
• Kabelwerk Eupen AG.

These companies are leading toward partnerships, acquisitions, and expansions to meet the competition prevailing in the industry.
 

For instance, in January 2023, Prysmian Group introduced the 864f cable, expanding its Sirocco HD line of micro duct cables. The cable can be implemented in suitable systems including 5G networks, high-density access, and FTTx. The Sirocco HD cables come in fiber counts ranging from 96 to 864 and adhere to international standards for mechanical and optical performance. The 864f cable is 20% smaller than the earlier micro duct cables thanks to the usage of the company's PicoTube technology.
 

This Europe wire and cable market research report includes in-depth coverage of the industry with estimates & forecasts in terms of “USD Million” from 2019 to 2032 for the following segments:

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Market, By Product

• Coaxial Cables/Electronic Wires
• Fiber Optics Cables
• Power Cables
• Signal & Control Cable
• Telecom & Data Cables

Market, By Voltage

• Low
• Medium
• High

Market, By Application

• Food & Beverages
• Automotive
• Material Handling/Logistics
• Entertainment/Leisure
• Utilities
•  Railways
• Consumer Electronics
• Building Infrastructure
• Others

The above information has been provided for the following countries:

• UK
• France
• Netherlands
• Italy
• Spain
• Sweden
• Denmark
• Belgium
• Germany
• Poland
• Russia
• Greece
• Czech Republic
• Romania
• Hungary
• Bosnia
• Croatia
• Macedonia
• Montenegro
• Serbia
• Slovenia