2025/5/26 23:06:04
The global wire and cable market is undergoing a transformative phase, driven by the rapid expansion of renewable energy systems, the electrification of transportation, and the development of smart grid and smart city infrastructure. According to a GlobeNewswire report (January 2024), the market is expected to grow from USD 201 billion in 2023 to USD 266.2 billion by 2029, achieving a CAGR of 5.8%.
Massive deployment of solar PV and onshore/offshore wind power projects has led to increased demand for reliable energy transmission. This is fueling the need for medium-voltage power cables, control cables, and underground armored cables.
OEMs and infrastructure providers are ramping up investment in EV cables, battery interconnects, and charging systems that require high-temperature resistance, flexibility, and electromagnetic shielding.
Urban development initiatives and smart building requirements are boosting demand for fire-resistant CAT6 cables, fiber optic cables, and LSZH building wires to enhance safety and data capacity.
By Installation Type: Underground cabling is expected to grow fastest due to lower maintenance and improved safety in urban environments.
By Cable Type: Signal, coaxial, and RS485 cables are dominant in automation, telecom, and aerospace applications.
By Material: Copper remains preferred for performance and durability; aluminum is gaining ground in lightweight, cost-sensitive applications.
Asia-Pacific dominates the global share with aggressive investments in energy, telecom, and data centers, especially in China and India.
Europe focuses on stringent fire safety standards such as BS 6387 CWZ and EN 50200 under CPR regulations, while prioritizing sustainable materials.
Middle East & Africa witness demand spikes for solar and fire-resistive fiber optic cables, aligning with renewable and petrochemical growth.
From XP C 32 - 321 French Standard cables to AS/NZS and Profibus compliant cables, innovation is critical. Manufacturers must stay aligned with global compliance requirements, eco-friendly designs, and higher data transmission capacities to remain competitive.
Q: What types of cables are used in EVs?
A: EVs commonly use high-temperature charging cables, shielded battery interconnects, and flexible control cables compliant with automotive safety standards.
Q: What fire standards are commonly used in Europe?
A: The BS 6387 CWZ and EN 50200 standards are prevalent in EU construction and transportation systems.
Q: Why are underground cable systems gaining popularity?
A: They offer better durability, aesthetic integration in urban infrastructure, and reduced exposure to weather or physical damage.
