Europe Wires And Cables Market Size & Outlook, 2023-2030
Europe wires and cables market, 2017-2030 (US$M)
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Europe wires and cables market highlights
- The Europe wires and cables market generated a revenue of USD 46,627.0 million in 2023.
- The market is expected to grow at a CAGR of 3.7% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 46,627.0 million |
| Market revenue in 2030 | USD 60,162.3 million |
| Growth rate | 3.7% (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, Europe region accounted for 22.0% 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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Europe 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 41.14% in 2023. Horizon Databook has segmented the Europe 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.
Europe region held over 23.2% market share of the wires and cables market in 2021. The market in Europe has reached mature stage, however, the refurbishment of aging infrastructure as well construction of other commercial and residential buildings is expected to drive the overall market.
UK and Germany are the two prominent countries and holding a total share of more than 69% of the overall wires and cables market in Europe. The rising contribution of television, internet and telephony services have grown in recent years and are expected to drive the wires and cables market in the region.
According to OECD Broadband Statistics in 2019, the French telecom sector has the second-highest number of fixed broadband subscriptions. However, the major operator in France, Orange leads the broadband market with around 40% of the subscriptions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe wires and cables market , including forecasts for subscribers. This continent databook contains high-level insights into Europe wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe wires and cables market size, by country, 2017-2030 (US$M)
Europe Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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