Latin America Wires And Cables Market Size & Outlook
Latin America wires and cables market, 2017-2030 (US$M)
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Latin America wires and cables market highlights
- The Latin America wires and cables market generated a revenue of USD 22,966.4 million in 2023.
- The market is expected to grow at a CAGR of 3.8% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 22,966.4 million |
| Market revenue in 2030 | USD 29,866.4 million |
| Growth rate | 3.8% (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, Latin America region accounted for 10.9% 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 |
|---|
Latin America 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 40.56% in 2023. Horizon Databook has segmented the Latin America 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.
Brazil accounted for over 41.4% market share in 2021 followed by Argentina and Columbia. The growing infrastructure investments and IT & telecommunications sector have paced the rapid growth in the region. In addition, increasing investment in the oil & gas industry is expected to drive the overall market in the region.
Power distribution, oil & gas, telecommunication, and networking are the major end-use industries contributing to the high growth of the wires and cables market in the region.
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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 continent-level data and insights on the Latin America wires and cables market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America wires and cables market size, by country, 2017-2030 (US$M)
Latin America Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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