China Wires And Cables Market Size & Outlook, 2023-2030
China wires and cables market, 2017-2030 (US$M)
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China wires and cables market highlights
- The China wires and cables market generated a revenue of USD 37,540.0 million in 2023 and is expected to reach USD 50,373.0 million by 2030.
- The China market is expected to grow at a CAGR of 4.3% 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 37,540.0 million |
| Market revenue in 2030 | USD 50,373.0 million |
| Growth rate | 4.3% (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, China accounted for 17.7% 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 Asia Pacific, China wires and cables market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,165.9 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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China 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 45.52% in 2023. Horizon Databook has segmented the China 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.
China has a well-established wire and cable market, which is distinguished by its immense size, remarkable growth opportunities, and noteworthy presence. As the world's foremost producer and consumer of wire and cable products, China plays a key role in shaping the global industry landscape.
The market in China is characterized by its immense scale, expansive production capacity, and competitive environment. It is propelled by key factors such as rapid urbanization, industrialization, infrastructure development, technological advancements, and an increasing demand for reliable and efficient connectivity solutions.
The Chinese wires and cables market is currently undergoing a transformative phase with the emergence of smart and intelligent cables. These innovative products integrate advanced technologies to facilitate real-time monitoring, data transmission, and enhanced functionality across various applications. This signifies a shift toward more sophisticated solutions, reflecting China's commitment to staying at the forefront of technological developments in the wire and cable industry.
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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 country-level data and insights on the China wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into China wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China wires and cables market size, by voltage, 2017-2030 (US$M)
China Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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