Japan Wires And Cables Market Size & Outlook, 2023-2030
Japan wires and cables market, 2017-2030 (US$M)
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Japan wires and cables market highlights
- The Japan wires and cables market generated a revenue of USD 7,748.5 million in 2023 and is expected to reach USD 10,393.0 million by 2030.
- The Japan 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.
- Low 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 7,748.5 million |
| Market revenue in 2030 | USD 10,393.0 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Low voltage |
| Fastest growing segment | Low 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, Japan accounted for 3.7% 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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Japan 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 43.93% in 2023. Horizon Databook has segmented the Japan 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 Japanese wires and cables market is poised for significant growth. Japan's prominence as a major manufacturer of electrical and electronic equipment is expected to contribute significantly to market growth, with the rising demand for these products fueling the need for wires and cables. In addition, the aging infrastructure in the country presents opportunities for market expansion as there is a growing need to upgrade and replace existing wiring systems.
The rising demand for high-performance wires and cables is a major market driver, spurred by advancements in technologies such as data centers, 5G networks, and electric vehicles, which necessitate components capable of withstanding high bandwidth, currents, and harsh environments.
For instance, in June 2023, the Japanese government invested in expanding Japan's submarine cable network to make it more resilient and secure. This includes building new cable networks, as well as upgrading existing cables to increase their capacity. The government is also working toward the development of new technologies that will make submarine cables more resilient to attacks and natural disasters.
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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 Japan wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into Japan wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan wires and cables market size, by voltage, 2017-2030 (US$M)
Japan Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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