Canada Wires And Cables Market Size & Outlook, 2023-2030
Canada wires and cables market, 2017-2030 (US$M)
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Canada wires and cables market highlights
- The Canada wires and cables market generated a revenue of USD 12,942.1 million in 2023 and is expected to reach USD 16,119.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.2% 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.
Wires and cables market data book summary
| Market revenue in 2023 | USD 12,942.1 million |
| Market revenue in 2030 | USD 16,119.5 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Low voltage |
| Fastest growing segment | Extra High Voltage |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 6.1% of the global wires and cables market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. wires and cables market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 31,592.3 million by 2030.
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Wires And Cables Market Scope
Wires And Cables Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 39.88% in 2023. Horizon Databook has segmented the Canada 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.
The wires and cables market in Canada is anticipated to register a CAGR of 3.1% from 2023 to 2030 owing to the increasing electricity demand in the country and the inadequacy of the current grid infrastructure. This inadequacy is expected to spur the demand for advanced transmission and distribution networks.
The Canadian wires and cables market is further propelled by the increasing emphasis on developing the renewable energy sector and the ongoing construction activities associated with renewable energy projects in the area.
As the country strives to transition to cleaner and more sustainable energy sources, there is likely to be an increased need for various electrical components, including wires and cables, to support the installation and functioning of renewable energy systems.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into Canada wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada wires and cables market size, by voltage, 2017-2030 (US$M)
Canada Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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