Cables Market is Projected to Hit $156.49 billion by 2030

Cables Market is Projected to Hit $156.49 billion by 2030

Scope of the Cables Market Study

The latest Cables Market intelligence study over 2020 to 2030 by Allied Market Research provides a detailed analysis pertaining to the global revenue size & forecast, segmental splits, regional & country-level outlook, market dynamics & trends, Porters’ five force analysis, value chain analysis, competitive landscape, market share analysis, and patent analysis.

The global cables market share is expected to witness considerable growth, owing to increase in demand for cables in Internet of Things solutions, especially in Asia-Pacific and Europe, due to rise in demand for digital infrastructure solution in these regions.

Cables Market Statistics 2020-2030: According to the report, the global cables market size was valued at $74.72 billion in 2020, and is projected to reach $156.49 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030.

In accordance with several interviews that were conducted with the top level CXOs, the cable market is anticipated to depict a prominent growth during the forecast period, owing to various factors, such as increase in investments in transmission and distribution of electric power that fuels the demand for cables. In addition, the market is influenced by growth in investments in the industrial sector and rise in urbanization to drive the market growth.

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Market Landscape

The study comprises various parameters such as parent/peer market analysis, top player positioning in the base year, value chain analysis, impact of government regulations on the market, and market dynamics, which directly or indirectly impact the Cables Market growth.

The Cables Market dynamics includes drivers, restraints, and opportunities in this industry. Drivers state the factors that boost the growth of the market, whereas restraints are likely to hamper the market growth. Opportunities are the factors that act as the catalysts of the market. All these factors, along with data facts, are covered in the study.

Segmental Outlook

The global Cables Market is segmented depending on by installation type, voltage type, end use and region.

The Cables Market segmental analysis is offered (real time and forecast) in both quantitative and qualitative terms. This helps the clients to identify the most lucrative segment to consider for their further investments, based on the comprehensive backend analysis about the segmental performance. In addition to brief understanding of the operating companies and their development activities with respect to the global market.

Regional Analysis

The global Cables Market is analyzed across four key regions, which include North America, Europe, Asia-Pacific, and LAMEA.

The key countries contributing toward the growth of the market include:

• North America: U.S., Canada, and Mexico

• Europe: Germany, UK, Italy, Spain, France, and rest of Europe

• Asia-Pacific: India, China, Japan, South Korea, Australia, and rest of Asia-Pacific

• LAMEA: Brazil, Saudi Arabia, South Africa, and rest of LAMEA

Company Analysis

In the company profiles chapter, the Cables Market report provides detailed profiles of key players in the global industry. Company overview, business overview, operating business segments, product portfolio, global footprint, and recent developments are the key aspects included in the company profiles. It helps in understanding the business strategies adopted by the companies. The report further features these companies in the competitive landscape chapter, which covers product/service mapping of top players, competitive dashboard, competitive heatmap. Thus, a comprehensive analysis of the leading and upcoming companies provides a wider preview toward understanding the Cables Market.

Key companies identified in the report are Prysmian Cables Systems, Nexans, ABB, Furukawa, General Cable, Axon Cable S.A.S., Polycab, KEI Industries, Sumitomo Electric Wiring Systems, Inc and Huawei Technologies Co. Ltd.

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Key Benefits from Stakeholders:

  • The Cables Market analysis covers in-depth information of major industry participants.

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

  • Major countries have been mapped according to their individual revenue contribution toward the region.

  • The report provides an in-depth analysis of the Cables Market during the forecast period 2020 to 2030.

  • The report outlines the current market trends and future scenario of the global Cables Market to understand the prevailing opportunities and potential investment pockets.

  • The key drivers, restraints, and opportunities and their detailed impact analysis is elucidated in the study.

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