Asia Pacific Wires And Cables Market Size & Outlook
Asia Pacific wires and cables market, 2017-2030 (US$M)
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Asia Pacific wires and cables market highlights
- The Asia Pacific wires and cables market generated a revenue of USD 79,560.3 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, low voltage was the largest revenue generating voltage in 2023.
- Extra High Voltage is the most lucrative voltage segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 79,560.3 million |
| Market revenue in 2030 | USD 108,349.1 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Low voltage |
| Fastest growing segment | Extra High Voltage |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Voltage, Medium Voltage, High Voltage, Extra High Voltage |
| Key market players worldwide | Belden Inc, Fujikura Ltd, Furukawa Electric Co Ltd, Leoni AG ADR, Nexans, NKT A/S, Prysmian SpA, Sumitomo Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.6% of the global wires and cables market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 35,547.2 million by 2030.
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Wires And Cables Market Scope
Wires And Cables Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific wires and cables market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wires and cables market will help companies and investors design strategic landscapes.
Low voltage was the largest segment with a revenue share of 45.75% in 2023. Horizon Databook has segmented the Asia Pacific wires and cables market based on low voltage, medium voltage, high voltage, extra high voltage covering the revenue growth of each sub-segment from 2017 to 2030.
Higher copper prices have raised production costs for suppliers, which in tum has prompted them to pass the additional expense on to buyers in the form of higher cable prices. Additionally, high year-to-year volatility in copper costs has also prompted suppliers to raise cable prices to protect their profit margins.
Increasing demand for electricity in countries such as China and India, backed by the increasing investment in infrastructure is expected to drive the wires and cables market in the region. • India is Observed as the largest metallic and fiber optic cable market, and subsequently as one of the fastest-growing countries in the wires and cables market.
The Government of China has taken initiatives to develop the revitalize Central, West and Northeast China to mend people’s living standards. As a result of these initiatives by the government, wire & cable industry is expected to grow at the fastest rate to meet the demand of state economic construction.
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Our clientele includes a mix of wires and cables market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wires and cables market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific wires and cables market size, by country, 2017-2030 (US$M)
Asia Pacific Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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