Global Covered Wire Cable Market Overview:
The terms cable and wire are usually used to describe a similar things, in fact they are quite different from each other. A wire is said to be a single electrical conductor, whereas a group of wires are wrapped in sheathing known as cable. Cables are used to connect one or more terminals together. The connection established between two or more devices, enables the transfer of electrical signals or power from one device to the other. Cables are utilized for a very wide range of purposes; hence these must be tailored accordingly for such purposes. Uses of cables are extensively done in the electronic devices for powering and signalling circuits.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Hitachi (Japan), Leoni (Germany), Furukawa (Japan), Polycab Wires Pvt. Ltd. (India), Prysmian Group (Italy), Nexans (France), Havells India Ltd. (India), Southwire(United States), Sumitomo Electric (Japan) and Belden, Inc. (Unites States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Upgrade in power distribution and transmission
- Rise in Population Demands for More Power
Roadblocks
- Inception of Devices Using Wireless Technologies
Opportunities
- Increase of Demand of Power and Supply in Various Sectors
Challenges
- Prevalence and Popularity of Fiber Optics Cable
- High Level of Market Competition
Competitive Landscape:
Some of the key players profiled in the report are Hitachi (Japan), Leoni (Germany), Furukawa (Japan), Polycab Wires Pvt. Ltd. (India), Prysmian Group (Italy), Nexans (France), Havells India Ltd. (India), Southwire(United States), Sumitomo Electric (Japan) and Belden, Inc. (Unites States). Additionally, following companies can also be profiled that are part of our coverage like Lexco Cable Manufacturers(United States), L S Cable & System (South Korea) and Hengtong (China). Analyst at AMA Research see Asian Manufacturers to retain maximum share of Global Covered Wire Cable market by 2027. Considering Market by Insulation, the sub-segment i.e. PVC will boost the Covered Wire Cable market. Considering Market by Wire Material, the sub-segment i.e. Copper will boost the Covered Wire Cable market. Considering Market by Installation, the sub-segment i.e. Underground will boost the Covered Wire Cable market. Considering Market by Voltage, the sub-segment i.e. Low will boost the Covered Wire Cable market. Considering Market by Color Code, the sub-segment i.e. Black will boost the Covered Wire Cable market. Considering Market by Wire Form, the sub-segment i.e. Solid will boost the Covered Wire Cable market.
Latest Market Insights:
On 22 October 2019 - Prysmian Group had announced that it had received a binding offer from Carlisle Companies Incorporated for the acquisition by Carlisle (directly or through a subsidiary) of the business of Draka Fileca SAS (Fileca). Fileca was acquired by Prysmian in 2011 as part of the Draka acquisition and is a global supplier of highly-engineered cables for the aerospace and space end markets. The completion of the transaction was expected to occur during the first quarter of 2020.
On 15 January 2020 - Prysmian Group, world leader in the energy and telecom cable systems industry, had been awarded a new contract by the Government-owned Company Comisión Federal de Electricidad (CFE).This was the largest project ever launched by the Government in Mexico in terms of cable supply, and it connects remote regions in the Country with high-speed broadband. It includes the design, supply and installation of a minimum of 9,800 km of OPGW cables and 5,100 km of ADSS cables. OPGW cables will be produced in the Group’s plant in Vilanova i la Geltrù, Spain, while ADSS cables will be produced in the plant located in Durango, Mexico, witnessing once again Prysmian’s ability to leverage on its global organisation, and the great teamworking ability of its LATAM, HQ and OPGW Business Unit organizations.
What Can be Explored with the Covered Wire Cable Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Covered Wire Cable Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Covered Wire Cable
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Covered Wire Cable market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Covered Wire Cable market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Covered Wire Cable, Suppliers of Covered Wire Cable, Wholesalers, Distributors and Retailers of Covered Wire Cable, Telecom Industry, Electrical Industry and Regulatory Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.