Published Year: 2023
Power Cable Market - A Global and Regional Analysis: Focus on Country and Region - Analysis and Fore
The power cable market was valued at $32.20 billion in 2022, and it is expected to grow at a...
Market Research Report
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Table of Contents
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Increase in Use of Renewable Energy
1.1.1.2 Expansion of Smart Grid, Power Transmission, and Distribution Network
1.1.1.3 Increase in Use of Automation and Robotics
1.1.1.4 Increase in Emphasis on Safety and Sustainability
1.1.1.5 Increase in Demand for Customized Products
1.1.1.6 Rise in Government Initiatives for Urbanization and Expanding Infrastructure
1.1.1.7 Growth in Demand for Fiber Optics
1.1.2 Supply Chain Analysis
1.1.2.1 Sourcing Raw Material
1.1.2.2 Production
1.1.2.3 Transportation
1.1.2.4 Product Customization
1.1.2.5 End User
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increase of Investments in the Telecommunications Industry
1.2.1.2 Increase in Demand for Sustainable Wire and Cable Products
1.2.1.3 Rise of Industrial Revolution 4.0
1.2.1.4 Increase in Sales of Electric Vehicles
1.2.1.5 Rise in the Demand for Energy Produced from Renewable Sources
1.2.2 Business Challenges
1.2.2.1 Fluctuations in Raw Material Prices
1.2.2.2 Ban by the Government on Materials Used in Wire and Cable Production
1.2.3 Business Opportunities
1.2.3.1 Increasing Investments in the Transmission and Distribution of Electric Power Sector
1.2.3.2 Increasing Demand for Deployment of Sustainable Technologies for Power Generation
1.2.3.3 Expansion of Submarine Power Transmission Projects
1.2.3.4 Growing Demand for Data Centers and IT Facilities
2.1 China Wire and Cable Market - Application and Specification
2.1.1 Electronics
2.1.1.1 Battery Manufacturing
2.1.1.1.1 Key Developments and Trends
2.1.1.2 Household Consumables
2.1.1.2.1 Key Developments and Trends
2.1.1.3 Automotive and Mobility
2.1.1.3.1 Key Developments and Trends
2.1.1.4 Aerospace
2.1.1.4.1 Key Developments and Trends
2.1.1.5 Military Defense
2.1.1.5.1 Key Developments and Trends
2.1.1.6 Food and Beverage
2.1.1.6.1 Key Developments and Trends
2.1.1.7 Healthcare and Pharma
2.1.1.7.1 Key Developments and Trends
2.1.1.8 Textile and Apparel
2.1.1.8.1 Key Developments and Trends
2.1.1.9 Pulp and Paper
2.1.1.9.1 Key Developments and Trends
2.1.1.10 Wood
2.1.1.10.1 Key Developments and Trends
2.1.1.11 Robotics
2.1.1.11.1 Key Developments and Trends
2.1.1.12 Machine Tools
2.1.1.12.1 Key Developments and Trends
2.1.1.13 Assembly Machines
2.1.1.13.1 Key Developments and Trends
2.1.1.14 Automation Components
2.1.1.14.1 Key Developments and Trends
2.1.1.15 Intralogistics
2.1.1.15.1 Key Developments and Trends
2.1.1.16 Packaging
2.1.1.16.1 Key Developments and Trends
2.1.1.17 Others
2.1.1.17.1 Key Developments and Trends
2.1.2 Energy and Power
2.1.2.1 Energy Generation
2.1.2.1.1 Renewable
2.1.2.1.1.1 Solar
2.1.2.1.1.1.1 Key Developments and Trends
2.1.2.1.1.2 Wind
2.1.2.1.1.2.1 Key Developments and Trends
2.1.2.1.1.3 Hydropower
2.1.2.1.1.3.1 Key Developments and Trends
2.1.2.1.1.4 Biomass
2.1.2.1.1.4.1 Key Developments and Trends
2.1.2.1.2 Nuclear
2.1.2.1.2.1 Key Developments and Trends
2.1.2.1.3 Oil and Gas
2.1.2.1.3.1 Key Developments and Trends
2.1.2.2 Energy Distribution
2.1.2.2.1 Key Developments and Trends
2.1.2.3 Energy Storage
2.1.2.3.1 Key Developments and Trends
2.1.3 Infrastructure
2.1.3.1 Data and Telecom
2.1.3.1.1 Key Developments and Trends
2.1.3.2 Construction and Building
2.1.3.2.1 Key Developments and Trends
2.1.3.3 Water and Wastewater
2.1.3.3.1 Key Developments and Trends
2.1.3.4 Transportation Infrastructure
2.1.3.4.1 Key Developments and Trends
2.1.3.5 Waste and Recycling
2.1.3.5.1 Key Developments and Trends
2.1.4 Mining and Farming
2.1.4.1 Key Developments and Trends
2.1.5 Leisure and Entertainment
2.1.5.1 Key Developments and Trends
2.1.6 Others
2.1.6.1 Key Developments and Trends
2.2 China Wire and Cable Market (by Application)
2.2.1 Demand Analysis of the Wire and Cable Market (by Application), Volume and Value Data
3.1 China Wire and Cable Market – Product and Specification
3.1.1 Fiber Optic Cables
3.1.1.1 Key Developments and Trends
3.1.2 Coaxial Cables
3.1.2.1 Key Developments and Trends
3.1.3 Enameled/Magnet Cables
3.1.3.1 Key Developments and Trends
3.1.4 Low Voltage Energy Cable <1kV
3.1.4.1 Key Developments and Trends
3.1.5 Power Cables >1kV, MV, HV, EHV
3.1.5.1 Key Developments and Trends
3.1.6 Signal and Control Cables
3.1.6.1 Key Developments and Trends
3.1.7 Telecom and Data Cables
3.1.7.1 Key Developments and Trends
3.1.8 Others
3.1.8.1 Key Developments and Trends
3.2 China Wire and Cable Market - Demand Analysis (by Product)
3.2.1 Demand Analysis (by Product), Volume and Value Data
3.3 China Wire and Cable Market – Voltage and Specification
3.3.1 Low-Voltage
3.3.1.1 Key Developments and Trends
3.3.2 Medium-Voltage
3.3.2.1 Key Developments and Trends
3.3.3 High-Voltage
3.3.3.1 Key Developments and Trends
3.4 China Wire and Cable Market - Demand Analysis (by Voltage)
3.4.1 Demand Analysis (by Voltage), Volume and Value Data
3.5 Product Benchmarking: Growth Rate – Market Share Matrix
3.5.1 Opportunity Matrix (by Product)
4.1 Competitive Landscape
4.2 Company Profiles
4.2.1 Belden Inc.
4.2.1.1 Company Overview
4.2.1.1.1 Role of Belden Inc. in the China Wire and Cable Market
4.2.1.1.2 Product Portfolio
4.2.1.1.3 Production Sites
4.2.1.2 Business Strategies
4.2.1.2.1 Belden Inc.: Product Development
4.2.1.3 Corporate Strategies
4.2.1.3.1 Belden Inc.: Mergers and Acquisitions
4.2.1.3.2 Belden Inc.: Partnerships and Joint Ventures
4.2.1.4 R&D Analysis
4.2.1.5 Analyst View
4.2.2 Fujikura Ltd.
4.2.2.1 Company Overview
4.2.2.1.1 Role of Fujikura Ltd. in the China Wire and Cable Market
4.2.2.1.2 Product Portfolio
4.2.2.1.3 Production Sites
4.2.2.2 Business Strategies
4.2.2.2.1 Fujikura Ltd.: Product Development
4.2.2.3 R&D Analysis
4.2.2.4 Analyst View
4.2.3 LS Cable & System Ltd.
4.2.3.1 Company Overview
4.2.3.1.1 Role of LS Cable & System Ltd. in the China Wire and Cable Market
4.2.3.1.2 Product Portfolio
4.2.3.1.3 Production Sites
4.2.3.2 Business Strategies
4.2.3.2.1 LS Cable & System Ltd.: Product Development
4.2.3.2.2 LS Cable & System Ltd.: Market Development
4.2.3.3 Corporate Strategies
4.2.3.3.1 LS Cable & System Ltd.: Mergers and Acquisitions
4.2.3.3.2 LS Cable & System Ltd.: Sponsorships and Social Engagements
4.2.3.4 R&D Analysis
4.2.3.5 Analyst View
4.2.4 Nexans
4.2.4.1 Company Overview
4.2.4.1.1 Role of Nexans in the China Wire and Cable Market
4.2.4.1.2 Product Portfolio
4.2.4.1.3 Production Sites
4.2.4.2 Business Strategies
4.2.4.2.1 Nexans: Product Development
4.2.4.2.2 Nexans: Market Development
4.2.4.3 Corporate Strategies
4.2.4.3.1 Nexans: Mergers and Acquisitions
4.2.4.3.2 Nexans: Partnerships and Joint Ventures
4.2.4.3.3 Nexans: Collaborations and Alliances
4.2.4.3.4 Nexans: Sponsorships and Social Engagements
4.2.4.4 R&D Analysis
4.2.4.5 Analyst View
4.2.5 Prysmian S.p.A.
4.2.5.1 Company Overview
4.2.5.1.1 Role of Prysmian S.p.A. in the China Wire and Cable Market
4.2.5.1.2 Product Portfolio
4.2.5.1.3 Production Sites
4.2.5.2 Business Strategies
4.2.5.2.1 Prysmian S.p.A.: Product Development
4.2.5.3 Corporate Strategies
4.2.5.3.1 Prysmian S.p.A.: Mergers and Acquisitions
4.2.5.3.2 Prysmian S.p.A.: Partnerships and Joint Ventures
4.2.5.3.3 Prysmian S.p.A.: Sponsorships and Social Engagements
4.2.5.4 R&D Analysis
4.2.5.5 Analyst View
4.2.6 Southwire Company, LLC
4.2.6.1 Company Overview
4.2.6.1.1 Role of Southwire Company, LLC in the China Wire and Cable Market
4.2.6.1.2 Product Portfolio
4.2.6.1.3 Production Sites
4.2.6.2 Business Strategies
4.2.6.2.1 Southwire Company, LLC: Market Development
4.2.6.3 Corporate Strategies
4.2.6.3.1 Southwire Company, LLC: Partnerships and Joint Ventures
4.2.6.3.2 Southwire Company, LLC: Sponsorships and Social Engagements
4.2.6.4 Analyst View
4.2.7 Sumitomo Electric Industries, Ltd.
4.2.7.1 Company Overview
4.2.7.1.1 Role of Sumitomo Electric Industries, Ltd. in the China Wire and Cable Market
4.2.7.1.2 Product Portfolio
4.2.7.1.3 Production Sites
4.2.7.2 Business Strategies
4.2.7.2.1 Sumitomo Electric Industries, Ltd.: Product Development
4.2.7.3 Corporate Strategies
4.2.7.3.1 Sumitomo Electric Industries, Ltd.: Partnerships and Joint Ventures
4.2.7.3.2 Sumitomo Electric Industries, Ltd.: Collaborations and Alliances
4.2.7.4 R&D Analysis
4.2.7.5 Analyst View
4.2.8 HELUKABEL GmbH
4.2.8.1 Company Overview
4.2.8.1.1 Role of HELUKABEL GmbH in the China Wire and Cable Market
4.2.8.1.2 Product Portfolio
4.2.8.1.3 Production Sites
4.2.8.2 Business Strategies
4.2.8.2.1 HELUKABEL GmbH: Market Development
4.2.8.3 Corporate Strategies
4.2.8.3.1 HELUKABEL GmbH: Mergers and Acquisitions
4.2.8.3.2 HELUKABEL GmbH: Sponsorships and Social Engagements
4.2.8.4 Analyst View
4.2.9 HUBER+SUHNER AG
4.2.9.1 Company Overview
4.2.9.1.1 Role of HUBER+SUHNER AG in the China Wire and Cable Market
4.2.9.1.2 Product Portfolio
4.2.9.1.3 Production Sites
4.2.9.2 Corporate Strategies
4.2.9.2.1 HUBER+SUHNER AG: Mergers and Acquisitions
4.2.9.2.2 HUBER+SUHNER AG: Partnerships and Joint Ventures
4.2.9.3 R&D Analysis
4.2.9.4 Analyst View
4.2.10 PHOENIX CONTACT
4.2.10.1 Company Overview
4.2.10.1.1 Role of PHOENIX CONTACT in the China Wire and Cable Market
4.2.10.1.2 Product Portfolio
4.2.10.1.3 Production Sites
4.2.10.2 Corporate Strategies
4.2.10.2.1 PHOENIX CONTACT: Partnerships and Joint Ventures
4.2.10.3 Analyst View
4.2.11 Murrelektronik GmbH
4.2.11.1 Company Overview
4.2.11.1.1 Role of Murrelektronik GmbH in the China Wire and Cable Market
4.2.11.1.2 Product Portfolio
4.2.11.1.3 Production Sites
4.2.11.2 Corporate Strategies
4.2.11.2.1 Murrelektronik GmbH: Partnerships and Joint Ventures
4.2.11.3 Analyst View
5.1 Data Sources
5.1.1 Primary Data Sources
5.1.2 Secondary Data Sources
5.1.3 Data Triangulation
5.2 Market Estimation and Forecast
5.2.1 Factors for Data Prediction and Modeling
Table 1: China Wire and Cable Market Overview, $Billion, 2022 and 2032
Table 2: China Wire and Cable Market Overview, Thousand Tons, 2022 and 2032
Table 3: Investment and Development by the Companies and Governments in the Telecommunication Sector
Table 4: China Wire and Cable Market (by Application), Thousand Tons, 2022-2032
Table 5: China Wire and Cable Market (by Electronics Application), Thousand Tons, 2022-2032
Table 6: China Wire and Cable Market (by Energy and Power Application), Thousand Tons, 2022-2032
Table 7: China Wire and Cable Market (by Infrastructure Application), Thousand Tons, 2022-2032
Table 8: China Wire and Cable Market (by Application), $Million, 2022-2032
Table 9: China Wire and Cable Market (by Electronics Application), $Million, 2022-2032
Table 10: China Wire and Cable Market (by Energy and Power Application), $Million, 2022-2032
Table 11: China Wire and Cable Market (by Infrastructure Application), $Million, 2022-2032
Table 12: China Wire and Cable Market (by Product), Thousand Tons, 2022-2032
Table 13: China Wire and Cable Market (by Product), $Million, 2022-2032
Table 14: China Wire and Cable Market (by Voltage), Thousand Tons, 2022-2032
Table 15: China Wire and Cable Market (by Voltage), $Million, 2022-2032
Figure 1: China Wire and Cable Market Overview, $Billion, 2022-2032
Figure 2: China Wire and Cable Market Overview, Thousand Tons, 2022-2032
Figure 3: China Wire and Cable Market (by Application), $Billion, 2022 and 2032
Figure 4: China Wire and Cable Market (by Application), Thousand Tons, 2022 and 2032
Figure 5: China Wire and Cable Market (by Electronics Application), $Billion, 2022 and 2032
Figure 6: China Wire and Cable Market (by Electronics Application), Thousand Tons, 2022 and 2032
Figure 7: China Wire and Cable Market (by Energy and Power Application), $Billion, 2022 and 2032
Figure 8: China Wire and Cable Market (by Energy and Power Application), Thousand Tons, 2022 and 2032
Figure 9: China Wire and Cable Market (by Infrastructure Application), $Billion, 2022 and 2032
Figure 10: China Wire and Cable Market (by Infrastructure Application), Thousand Tons, 2022 and 2032
Figure 11: China Wire and Cable Market (by Product), $Billion, 2022 and 2032
Figure 12: China Wire and Cable Market (by Product), Thousand Tons, 2022 and 2032
Figure 13: China Wire and Cable Market (by Voltage), $Billion, 2022 and 2032
Figure 14: China Wire and Cable Market (by Voltage), Thousand Tons, 2022 and 2032
Figure 15: China Wire and Cable Market Coverage (by Product)
Figure 16: China Wire and Cable Market Coverage (by Application)
Figure 17: China Wire and Cable Market Coverage (by Voltage)
Figure 18: Key Trends in the China Wire and Cable Market
Figure 19: Total Renewable Electricity Capacity Additions, GW, 2010-2027
Figure 20: Wire and Cable Supply Chain in China
Figure 21: Factors Influencing Production of Wire and Cable in China
Figure 22: Business Dynamics for the China Wire and Cable Market
Figure 23: Impact of Business Drivers
Figure 24: Different Industrial Revolutions
Figure 25: Electric Cars Sold in China, Million Units, 2018-2022
Figure 26: Impact of Business Challenges
Figure 27: Raw Copper and Aluminum Pricing, $/Metric Ton, July 2019-July 2023
Figure 28: Impact of Business Opportunities
Figure 29: Share of Cumulative Power Capacity (by Technology), 2010-2027
Figure 30: Hydropower Energy Generation, TWh, 2019-2022
Figure 31: Nuclear Energy Generation of the Top 10 Countries in Terms of Nuclear Power Generation, TWh, 2019-2022
Figure 32: Global Annual Grid-Scale Battery Storage Additions, GW, 2016-2022
Figure 33: China Wire and Cable Market Opportunity Matrix (by Product)
Figure 34: Competitive Landscape for China Wire and Cable Market
Figure 35: Belden Inc.: R&D Expenditure, $Million, 2020-2022
Figure 36: Fujikura Ltd.: R&D Expenditure, $Million, 2020-2022
Figure 37: LS Cable & System Ltd.: R&D Expenditure, $Million, 2020-2022
Figure 38: Nexans: R&D Expenditure, $Million, 2020-2022
Figure 39: Prysmian S.p.A.: R&D Expenditure, $Million, 2020-2022
Figure 40: Sumitomo Electric Industries, Ltd.: R&D Expenditure, $Billion, 2020-2022
Figure 41: HUBER+SUHNER AG: R&D Expenditure, $Million, 2020-2022
Figure 42: Data Triangulation
Figure 43: Top-Down and Bottom-Up Approach
China Wire and Cable Market Report Coverage:
|
China Wire and Cable Market |
|||
|
Base Year |
2022 |
Market Size in 2022 |
$45.18 Billion |
|
Forecast Period |
2023-2032 |
Value Projection and Estimation by 2032 |
$96.66 Billion |
|
CAGR During Forecast Period |
7.43% |
Number of Pages |
180 |
|
Number of Tables |
15 |
Number of Figures |
43 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and regional presence.
Some of the prominent names in this market are:
• Belden Inc.
• Fujikura Ltd.
• LS Cable & System Ltd.
• Nexans
• Prysmian S.p.A.
• Southwire Company, LLC
• Sumitomo Electric Industries, Ltd.
• HELUKABEL GmbH
• HUBER+SUHNER AG
• PHOENIX CONTACT
• Murrelektronik GmbH
Other related companies in the China wire and cable market ecosystem are:
• Far East Cable Co., Ltd.
• Jiangsu Shangshang Cable Group Co., Ltd.
• Huadong Cable Group
• Baosheng Science & Technology Innovation Co., Ltd.
• Yanggu Cable Group Co., Ltd.
• Wanma Group Co., Ltd.
Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
How can this report add value to an organization?
Product/Innovation Strategy: The product strategy helps the readers understand the different aftermarket solutions provided by the industry participants.
Growth/Marketing Strategy: The China wire and cable market is growing at a significant pace and holds enormous opportunities for market players. Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the wire and cable market in China.
Competitive Strategy: The key players in the China wire and cable market analyzed and profiled in the study include wire and cable manufacturers, raw material suppliers, and wholesalers and distributors. Moreover, a detailed competitive benchmarking of the players operating in the China wire and cable market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
China Wire and Cable Market Overview:
The China wire and cable market was valued by revenue at $45.18 billion in 2022, and it is expected to grow at a CAGR of 7.43% and reach $96.66 billion by 2032. The growth in the China wire and cable market is anticipated to be driven by rapid urbanization, expanding infrastructure projects, and the increasing demand for energy transmission and communication solutions. Technological advancements and government initiatives supporting innovation and sustainable development further contribute to the market's positive trajectory.
The China wire and cable market is undergoing a significant transformation driven by the growing emphasis on sustainability, environmental concerns, and technological advancements. The China wire and cable market is critical in various sectors, including renewable energy systems, building and construction, telecommunications and data centers, industrial applications, transportation infrastructure, healthcare facilities, and others.
However, the growth of the market is not without its challenges. Regulatory complexities pose hurdles, requiring market players to navigate intricate standards and compliance measures. Intense market competition also prevails, urging companies to differentiate themselves and continuously adapt to evolving technological requirements.
Amid these challenges lie significant opportunities for the wire and cable market in China. China's escalating demands for infrastructure development, coupled with a growing emphasis on sustainable practices, create favorable conditions for market expansion. The push for technological innovations in the sector opens doors for companies to explore new solutions and enhance their competitive edge.
Strategic collaborations and partnerships are pivotal in this dynamic landscape. Successful navigation of challenges and leveraging opportunities will determine the sustained growth and resilience of the China wire and cable market, solidifying its crucial role in the nation's technological evolution and infrastructure advancement.
Impact:
The China wire and cable market is propelled by evolving technological landscapes, increasing urbanization, infrastructure development projects, regulatory initiatives, and the growing emphasis on energy efficiency and environmental sustainability.
Moreover, in China, wire and cable manufacturers are actively engaged in the development of sustainable wire and cable and low-smoke halogen-free products, channeling substantial investments into research and development (R&D) while forming strategic partnerships with key stakeholders in the wire and cable ecosystem. These manufacturers are fostering collaborations within the industry to collectively pursue sustainable solutions. By aligning with other significant stakeholders, they aim to drive innovation and advance sustainability practices. Concurrently, the Chinese government is placing increased emphasis on sustainability, offering incentives, subsidies, and policies to encourage the adoption of eco-friendly products. This governmental support is expected to further stimulate the demand for wire and cable in China throughout the forecast period 2023-2032, promoting the integration of sustainable practices in the industry.
Market Segmentation:
Segmentation 1: by Application
• Electronics
• Energy and Power
• Infrastructure
• Mining and Farming
• Leisure and Entertainment
• Others
In the China wire and cable market (by application), the infrastructure application is expected to lead during the forecast period 2023-2032, indicating a strong demand for wiring and cabling solutions in construction and development projects. This dominance highlights the crucial role of wire and cable products in supporting the region's expanding infrastructure needs. Among the infrastructure, the construction and building industry is expected to dominate the China wire and cable market during the forecast period 2023-2032. The dominance is attributed to escalating demands in construction projects, urbanization, and infrastructure development initiatives. This underscores the pivotal role of wire and cable solutions in supporting diverse applications critical for the region's growing infrastructure needs.
Segmentation 2: by Product
• Fiber Optic Cables
• Coaxial Cables
• Enameled/Magnet Cables
• Low Voltage Energy Cable <1kV
• Power Cables >1kV, MV, HV, EHV
• Signal and Control Cables
• Telecom and Data Cables
• Others
Segmentation 3: by Voltage Type
• Low Voltage
• Medium Voltage
• High Voltage
Low voltage energy cables (<1kV) (by product) is leading the China wire and cable market in 2023 due to their widespread applications and compatibility with diverse electrical systems. These cables are preferred for their efficiency in power distribution, safety, and cost-effectiveness. As industries and infrastructure projects expand, the demand for these cables rises, solidifying their dominance in the product category.
Moreover, in 2023, low voltage cables is dominating the China wire and cable market (by voltage type). This reflects the significant demand for low voltage applications in various industries and infrastructure development.
Recent Developments in the China Wire and Cable Market
• In January 2023, China's State Grid Corporation announced a $77 billion investment in grid transmission for the year 2023, as well as a commitment to modernize and expand its power grids with $442 billion in investments over the Five-Year Plan 2021-2025. As China intensifies its focus on power infrastructure, particularly grid expansion, the demand for the wire and cable industry is poised to surge, necessitating increased investments to meet the burgeoning requirements of the country's ambitious power grid initiatives.
• The investment in hydropower energy generation is a critical factor in the growth of the China wire and cable market. China invested $34.3 billion (238.8 billion yuan) in water conservation and hydropower from January 2023 to September 2023. With the investment in hydropower projects, the need for electricity transmission and management will increase, along with the number of wires and cables used for the same.
• In August 2022, HELUKABEL GmbH inaugurated its new production site for wires and cables in Changzhou, China.
Demand - Drivers and Limitations
Following are the demand drivers for the China wire and cable market:
• Increase of Investments in the Telecommunications Industry
• Increase in Demand for Sustainable Wire and Cable Products
• Rise of Industrial Revolution 4.0
• Increase in Sales of Electric Vehicles
• Rise in the Demand for Energy Produced from Renewable Sources
Following are the limitations of the China wire and cable market:
• Fluctuations in Raw Material Prices
• Ban by the Government on Materials Used in Wire and Cable Production
Analyst View
According to Dhrubajyoti Narayan, Principal Analyst, BIS Research, “The China wire and cable market is growing considerably and is expected to grow relatively faster over the coming years during the forecast period 2023-2032. Wire and cable manufacturers in China are investing heavily in R&D to develop sustainable and high-quality products. Moreover, companies in the wire and cable market in China are actively seeking partnerships and collaborations with end-user industry players. This strategic approach allows them to improve their competitive position in the market and develop wire and cable solutions tailored to the specific needs of the end-user segment. With the growth of telecommunication and data centers, building and construction, and renewable energy systems, among others, in both developed and developing economies, China wire and cable market solutions will likely witness a surge in demand over the coming years during the forecast period.”
China Wire and Cable Market
Focus on Application, Product, and Voltage - Analysis and Forecast, 2023-2032
Some Faq's
Frequently Asked Questions
Ans: Wire and cable are electrical conductors used for transmitting power or signals. A wire is a single, solid metallic conductor, while a cable is a group of wires encased in a protective sheath. They serve crucial roles in electrical systems, providing connectivity for various applications, including power distribution, communication, and data transmission.
Ans: The key business opportunities in the China wire and cable industry include seizing the growth in infrastructure projects, catering to expanding industries, embracing technological innovations, and meeting the rising demand in the automotive sector and electric vehicles for advanced connectivity solutions.
Ans: The players in the China wire and cable market adopt product development strategies through research-and-development-related investments, partnerships, and collaborations to maintain and strengthen their market position, helping them retain their present customers while also attracting new ones.
Ans: A new entrant can focus on catering to the regional demand for wire and cable products in China. To further increase their influence in the market, the new entrants might look toward partnering with the companies operating in the wire and cable ecosystem in order to understand the market dynamics and cater to the demand of customers in the China wire and cable market. In addition, emerging companies can focus on investment toward research and development-related activities and product development while also focusing on their sales and distribution networks.
Ans: The following are some of the USPs of the report:
• Extensive coverage of the 11 wire and cable manufacturers in China to offer a holistic view of the China wire and cable market landscape
• Qualitative analysis of changing dynamics of the China wire and cable market owing to the rising adoption of wire and cable products in China
• Detailed list of key developments and trends for all types of applications and products
• Qualitative and quantitative analysis of China wire and cable market based on applications, product type, and voltage type
• Competitive benchmarking for different industry participants profiled in the company profile section.
Ans: Wire and cable manufacturers, raw material suppliers, insulation providers, wholesalers and distributors, and other end-market players in the wire and cable ecosystem should buy this report.
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Published Year: 2023
Sustainable Wire and Cable Market - A Global and Regional Analysis: Focus on End Users, Applications
The sustainable wire and cable market was valued at $14.67 billion in 2022, and it is expected...