Wire and Cable Voltage Market is predicted to reach USD 294.8 Billion at a CAGR of 4.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Wire and Cable Voltage Market”

that contains information from 2018 to 2032. The Wire and Cable Voltage market is estimated to register a CAGR of 4.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Wire and Cable Voltage market— Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, LS Cables & System Ltd., Nexans, NKT A/S, Prysmian S.p.A, and Sumitomo Corporation.

Market Highlights

The global Wire and Cable Voltage market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 294.8 Billion by 2032.

The manufacture and distribution of wires and cables made to carry various voltage levels in several applications, including power transmission, telecommunications, and construction, comprise the wire and cable voltage market. Infrastructure growth, urbanisation, and the rising need for dependable communication and electrical networks are the market's main drivers. The market is also being impacted by technological development and the move towards renewable energy sources.

Segment Analysis

The global wire and cable voltage market has been segmented based voltage, installation and end use.

On the basis of voltage, the market is segmented into low voltage, medium voltage, high voltage, and extra high voltage. Low voltage segment dominated the global market in 2022. because low-voltage cables are widely used in building wiring, LAN cables, appliance wires and distribution networks

Based on installation, the global wire and cable voltage market has been segmented into overhead and underground. Overhead segment dominated the global market in 2022. The technique that is most usually used is overhead installation.

Based on end use, the global wire and cable voltage market has been segmented into aerospace & defense, building & construction, oil & gas, energy & power, it & telecommunication, and others. Energy & power segment dominated the global Wire and Cable Voltage market in 2022. The energy T&D ecosystem has seen a number of technological advancements, such as moving the old transmission lines to high/extra high voltage lines to prevent transmission losses.

Regional Analysis

The global Wire and Cable Voltage market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Wire and Cable Voltage market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Wire and Cable Voltage market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Wire and Cable Voltage market comprises of Middle East, Africa, and Latin America.

The North America Wire and Cable Voltage Market dominated this market in 2022 (45.80%). Major telecommunications companies like AT&T and Verizon have invested in fibre networks as a result of the region's dramatically increased data usage. For instance, in April 2020 Belden Inc. developed new fibre solutions that let data centres construct a dependable, robust, and high-performance infrastructure.

Moreover, in 2022, the Europe Wire and Cable Voltage market accounted for a sizable market share. the expanding investment in grid infrastructure and the growing demand for renewable energy. According to smartEn, a European industry group integrating consumer-driven solutions of the clean energy transition, Spain, Italy, Estonia, Finland, Sweden, and Norway have virtually 100% coverage of smart metres.

Additionally, the Asia Pacific Wire and Cable Voltage market is expected to register significant growth from 2023 to 2032. Over the course of the forecast period, the market is expected to be driven by the rising demand for communication, power, and light. The Indian market is anticipated to be driven by government efforts like "Make in India" and the "Go Green" programme.

Furthermore, the rest of the world's Wire and Cable Voltage market is divided into the Middle East, Africa, and Latin America. The expansion of the region's infrastructure and the rising demand for dependable power transmission and communication networks are driving growth in the Latin American wire and cable voltage market. Industries including construction, telecommunications, and renewable energy are the ones driving the market. Market expansion in Latin America is a result of government efforts and technological improvements.

Key Findings of the Study

• The global Wire and Cable Voltage market is expected to reach USD 294.8 Billion by 2032, at a CAGR of 4.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the market is expected to be driven by the rising demand for communication, power, and light.


• Based on voltage, the medium and large segment was attributed to holding the largest market in 2022.


• Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, LS Cables & System Ltd., Nexans, NKT A/S, Prysmian S.p.A, and Sumitomo Corporation.