UK Wires And Cables Market Size & Outlook, 2023-2030
UK wires and cables market, 2017-2030 (US$M)
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UK wires and cables market highlights
- The UK wires and cables market generated a revenue of USD 11,503.3 million in 2023 and is expected to reach USD 15,145.4 million by 2030.
- The UK market is expected to grow at a CAGR of 4% 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 11,503.3 million |
| Market revenue in 2030 | USD 15,145.4 million |
| Growth rate | 4% (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, UK accounted for 5.4% 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 |
|---|
UK 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 37.24% in 2023. Horizon Databook has segmented the UK 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 wire and cable market in the U.K. is driven by factors such as increasing electricity demand, expansion of the construction industry, and a growing reliance on renewable energy sources. In addition, the widespread adoption of fiber optic cables across various sectors, including data centers and healthcare, is a key contributor to the market's growth in the U.K.
For instance, in November 2021, AFL, a Japan-based provider of optical fiber splicing products and technology, opened a new fiber optic cable facility in Swindon, U.K. The facility would focus on the commercial production of AB-WTC, a fiber-to-the-home and access network application-specific outside plant cable. Within the Fujikura Group, this new facility is the first factory to manufacture this kind of fiber optic cable outside of Japan.
Moreover, the market benefits from the growing need for uninterrupted power supply, a surge in electrification projects, rapid advancements in the infrastructure and telecommunications sector, and a heightened frequency of repair and maintenance activities for existing equipment.
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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 UK wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into UK wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK wires and cables market size, by voltage, 2017-2030 (US$M)
UK Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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