South Korea Wires And Cables Market Size & Outlook
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South Korea wires and cables market highlights
- The South Korea wires and cables market generated a revenue of USD 6,025.8 million in 2023 and is expected to reach USD 7,816.2 million by 2030.
- The South Korea 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.
- 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 6,025.8 million |
| Market revenue in 2030 | USD 7,816.2 million |
| Growth rate | 3.8% (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, South Korea accounted for 2.8% 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 |
|---|---|---|---|---|
| Prysmian SpA | View profile | 30351 | Via Chiese 6, MIlan, Italy, 20126 | https://www.prysmiangroup.com |
| Nexans | View profile | 28541 | Nexans 4, allée de l’Arche, Courbevoie, France, 92400 | http://www.nexans.com |
| NKT A/S | View profile | 4978 | Vibeholms Alle 20, Broendby, Denmark, 2605 | https://www.nkt.com |
| Belden Inc | View profile | 8000 | 1 North Brentwood Boulevard, 15th Floor, St. Louis, MO, United States, 63105 | https://www.belden.com |
| Fujikura Ltd | View profile | 62538 | 5-1 Kiba 1-chome, Koto-ku, Tokyo, Japan, 135-8512 | http://www.fujikura.co.jp |
| Leoni AG ADR | View profile | 96365 | Marienstrasse 7, Nuremberg, Germany, D-90402 | https://www.leoni.com |
| Sumitomo Corp | View profile | 108457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | http://www.sumitomocorp.co.jp |
| Furukawa Electric Co Ltd | View profile | 51314 | Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, Japan, 100-8322 | http://www.furukawa.co.jp |
South Korea 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 2025. Horizon Databook has segmented the South Korea wires and cables market based on low voltage, medium voltage, high voltage, extra high voltage covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of South Korea wires and cables market databook
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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 South Korea wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into South Korea wires and cables market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea wires and cables market size, by voltage, 2021-2033 (US$B)
South Korea Wires And Cables Market Outlook Share, 2025 & 2033 (US$B)
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