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Jun 14, 2019 8:59 AM ET

Wires and Cables Market Estimated to Flourish by 2027 – Belden, Fujikura, Furukawa Electric, LEONI AG, LS Cable and System, Nexans S.A. and NKT A/S

Wires and Cables Market Estimated to Flourish by 2027 – Belden, Fujikura, Furukawa Electric, LEONI AG, LS Cable and System, Nexans S.A. and NKT A/S

iCrowd Newswire - Jun 14, 2019

Worldwide Wires and Cables Market Analysis to 2027 is a specialized and in-depth study of the Wires and Cables Industry with a focus on the global market trend. The report aims to provide an overview of global Wires and Cables Market with detailed market segmentation by product/application and geography. 

The wires and cables are used for transmission of electric and telecommunication signals in domestic and industrial purposes. Different thickness and type of wires and cables are required depending upon the end-use. Thicker cables are used for higher power transmission purposes. Wires are used for domestic purposes such as electronic appliances whereas cables are useful for small and big industries, distribution lines, and transmission lines.

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The global wires and cables market is anticipated to grow in the forecast period owing to driving factors such as increasing production of renewable energy and the adoption of smart grid technology. Furthermore, initiatives for upgrading the transmission and distribution systems by government bodies propel the growth of the wires and cables market. However, volatile costs and supply of raw materials are major restraining factors affecting the growth of the wires and cables market. Nonetheless, growing electrification in rural areas of developing nations is likely to showcase growth opportunities for the key players operating in the wires and cables market during the forecast period.

The global wires and cables market is segmented on the basis of voltage range, installation, and industry vertical. Based on voltage range, the market is segmented as up to 1000V, 1000 V-35 kV, 35 kV-230 kV, and above 230 kV. On the basis of the installation, the market is segmented as underground and overhead. The market on the basis of the industry vertical is classified as automotive, aerospace & defense, building & construction, energy & power, IT & telecommunication, oil & gas, and others.

Top Leading Market Players:

1. Belden Inc.
2. Fujikura Ltd.
3. Furukawa Electric Co., Ltd.
5. LS Cable and System Ltd.
6. Nexans S.A.
7. NKT A/S
8. Prysmian Group
9. Southwire Company, LLC
10. Sumitomo Electric Industrial Wire and Cable Inc.

The Wires and Cables Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

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Keywords:    Wires and Cables Market, Wires and Cables Market Growth, Wires and Cables Industry, Wires and Cables

Tags:    Research Newswire, English