The Sustainable Wire and Cable Market Size was valued at USD 16.5 Bn in 2023 and is predicted to reach USD 59.3 Bn by 2031 at a 17.6% CAGR during the forecast period for 2024-2031.
Sustainable wires and cables describe conductive materials created, produced, and used, emphasising reducing their negative effects on the surroundings, encouraging resource conservation, and upholding ecological standards across their lifespan. These cables are designed to satisfy the increasing need in various businesses for ecologically friendly products that also support global development objectives. Technical breakthroughs, ethical issues, and a growing concentration on durability are driving a dramatic transition in the wire and cable business. The wire and cable industry is essential in many industries, such as energy production platforms, building and constructing, telecoms and multimedia facilities, factories, transit services, and medical institutions.
However, the industry expansion is hindered by the high initial expenses associated with acquisition and deployment. Their higher cost may hamper the deployment of sustainable wire and cable materials compared to conventional choices. Certain places have insufficient facilities, making it difficult to dispose of and recycle sustainable cables efficiently. Moreover, numerous uses, like strength, demand particular qualities that are challenging to accomplish with environmentally benign resources. The most popular biological polymer compounds are rubberized silicone and chlorine flexible, while wires need metal. The profitability of wire and cable makers is directly impacted by rising basic ingredient prices, especially those of copper, which restrains market expansion.
The sustainable wire and cable market is segmented based on end-user, application, installation, raw material, product, voltage, and conductor count. The market is segmented based on end-users into renewable energy systems, building and construction, telecommunications and data centers, industrial applications, transportation infrastructure, healthcare facilities, and others. The market is segmented by application into power and data transmission and communication. The market is segmented by installation type into overhead, underground, and in-system. By raw material, the market is segmented into metallic and non-metallic. The market is segmented by product type into fiber optic cables, coaxial cables, enameled/magnet cables, power cables, signal and control cables, telecom and data cables, and others. The market is segmented by voltage type into low voltage, medium voltage, and high voltage. By conductor type, the market is segmented into single-conductor and multi-conductor.
The overhead segment is holding a major global market share in 2023. Overhead installations are easier to maintain and replace. They are widely used in electricity networks, particularly in remote regions where technology is dispersed across a large area. Electricity systems are looking for ways to reduce their carbon footprint as sustainable development becomes increasingly important. Thus, in the demand for sustainable wires and cables, these criteria favorably influence a sizeable portion of overhead deployments.
The low-voltage industry uses the bulk of sustainable wire and cable because of its numerous advantages within a wide range of utilization, including facilities robotics, illumination, safety, and numerous others. These systems save the environment since they need fewer resources to run. They are also simpler to set up and conduct through the structure because they are more adaptable and lighter than conventional wires, especially in countries like the US, Germany, the UK, China, and India.
The North American sustainable wire and cable market is expected to register the highest market share in revenue in the near future. This can be attributed to the increasing level of discretionary spending, significant legislative efforts, and significant corporate expenditures in the creation of electricity networks in this area. In addition, Asia Pacific is projected to grow rapidly in the global sustainable wire and cable industry because of this area's growing regulatory efforts to upgrade the region's current distribution and transmission of electricity facilities and its increasing development.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 16.5 Bn |
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Revenue Forecast In 2031 |
USD 59.3 Bn |
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Growth Rate CAGR |
CAGR of 17.6% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By End-User, By Application, By Installation Type, By Raw Material, By Product Type, By Voltage Type, By Conductor Count and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Polycab India Limited, FURUKAWA ELECTRIC CO., LTD, PSP Dynamic Limited, Havells India Ltd, Fujikura Ltd, Oki Electric Cable Co., Ltd, and other prominent players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Sustainable Wire and Cable Market Snapshot
Chapter 4. Global Sustainable Wire and Cable Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by End User Estimates & Trend Analysis
5.1. by End User & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End User:
5.2.1. Renewable Energy Systems
5.2.2. Building and Construction
5.2.3. Telecommunications and Data Centers
5.2.4. Industrial Applications
5.2.5. Transportation Infrastructure
5.2.6. Healthcare Facilities
5.2.7. Others
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Power
6.2.2. Data Transmission and Communication
Chapter 7. Market Segmentation 3: by Installation Type Estimates & Trend Analysis
7.1. by Installation Type & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Installation Type:
7.2.1. Overhead
7.2.2. Underground
7.2.3. In-System
Chapter 8. Market Segmentation 4: by Raw Material Estimates & Trend Analysis
8.1. by Raw Material & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Raw Material:
8.2.1. Metallic
8.2.2. Copper
8.2.3. Aluminum
8.2.4. Others
8.2.5. Non-Metallic
8.2.6. Bio-Based Polymers
8.2.7. Recycled Polymers and Plastics
Chapter 9. Market Segmentation 5: by Product Type Estimates & Trend Analysis
9.1. by Product Type & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
9.2.1. Fiber Optic Cables
9.2.2. Coaxial Cables
9.2.3. Enameled/Magnet Cables
9.2.4. Power Cables
9.2.5. Signal and Control Cables
9.2.6. Telecom and Data Cables
9.2.7. Others
Chapter 10. Market Segmentation 6: by Voltage Type Estimates & Trend Analysis
10.1. by Voltage Type & Market Share, 2019 & 2031
10.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Voltage Type:
10.2.1. Low Voltage
10.2.2. Medium Voltage
10.2.3. High Voltage
Chapter 11. Market Segmentation 7: by Conductor Count Estimates & Trend Analysis
11.1. by Conductor Count & Market Share, 2019 & 2031
11.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Conductor Count:
11.2.1. Single Conductor
11.2.2. Multi Conductor
Chapter 12. Sustainable Wire and Cable Market Segmentation 8: Regional Estimates & Trend Analysis
12.1. North America
12.1.1. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
12.1.2. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.1.3. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2024-2031
12.1.4. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
12.1.5. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
12.1.6. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Voltage Type, 2024-2031
12.1.7. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Conductor Count, 2024-2031
12.1.8. North America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
12.2. Europe
12.2.1. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
12.2.2. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.2.3. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2024-2031
12.2.4. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
12.2.5. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
12.2.6. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Voltage Type, 2024-2031
12.2.7. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Conductor Count, 2024-2031
12.2.8. Europe Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
12.3. Asia Pacific
12.3.1. Asia Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
12.3.2. Asia Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.3.3. Asia-Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2024-2031
12.3.4. Asia-Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
12.3.5. Asia-Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
12.3.6. Asia-Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Voltage Type, 2024-2031
12.3.7. Asia-Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Conductor Count, 2024-2031
12.3.8. Asia Pacific Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
12.4. Latin America
12.4.1. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
12.4.2. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.4.3. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2024-2031
12.4.4. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
12.4.5. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
12.4.6. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Voltage Type, 2024-2031
12.4.7. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Conductor Count, 2024-2031
12.4.8. Latin America Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
12.5. Middle East & Africa
12.5.1. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
12.5.2. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.5.3. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2024-2031
12.5.4. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Raw Material, 2024-2031
12.5.5. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
12.5.6. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Voltage Type, 2024-2031
12.5.7. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by Conductor Count, 2024-2031
12.5.8. Middle East & Africa Sustainable Wire and Cable Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 13. Competitive Landscape
13.1. Major Mergers and Acquisitions/Strategic Alliances
13.2. Company Profiles
13.2.1. Polycab India Limited
13.2.2. FURUKAWA ELECTRIC CO., LTD.
13.2.3. PSP Dynamic Limited
13.2.4. Havells India Ltd.
13.2.5. Fujikura Ltd.
13.2.6. Oki Electric Cable Co., Ltd.
13.2.7. Other Prominent Players
Sustainable Wire and Cable Market- By End User
Sustainable Wire and Cable Market- By Application
Sustainable Wire and Cable Market- By Installation Type
Sustainable Wire and Cable Market- By Raw Material
Sustainable Wire and Cable Market- By Product Type
Sustainable Wire and Cable Market- By Voltage Type
Sustainable Wire and Cable Market- By Conductor Count
Sustainable Wire and Cable Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
