Germany Wires And Cables Market Size & Outlook, 2023-2030
Germany wires and cables market, 2017-2030 (US$M)
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Germany wires and cables market highlights
- The Germany wires and cables market generated a revenue of USD 17,609.2 million in 2023 and is expected to reach USD 22,594.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.6% 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 17,609.2 million |
| Market revenue in 2030 | USD 22,594.5 million |
| Growth rate | 3.6% (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, Germany accounted for 8.3% 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 Europe, Germany wires and cables market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 8,861.9 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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Germany 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 44.35% in 2023. Horizon Databook has segmented the Germany 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.
Germany's robust car manufacturing industry is a leading consumer of Low Voltage (LV) energy cables. Renowned globally for its automotive excellence, Germany boasts a well-established and technologically advanced car manufacturing sector.
The production of Electric Vehicles (EVs) as well as traditional automobiles necessitates a reliable and efficient energy infrastructure, which is supported chiefly by LV energy cables. These cables are integral for transmitting low-voltage electrical power within automotive applications, supporting various functions such as vehicle electronics, sensors, and lighting systems.
Demand from renewable energy sources is likely to emerge as a key driving force for the wires and cables market in both the short and long term. As the global shift toward sustainable energy intensifies, the need for specialized cables in the renewable energy sector becomes increasingly pronounced. Solar and wind energy projects, in particular, are driving the demand for cables designed to transmit power over extended distances efficiently.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into Germany wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany wires and cables market size, by voltage, 2017-2030 (US$M)
Germany Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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