The global wires & cables industry includes firms that are involved in manufacturing, supplying and distribution of wires & cables for several machines and electronic equipment. These wires & cables include insulated fibre-optic cables as well as insulated metal wires that are made up of copper, steel, aluminium or optical fibres. The major use of wires & cables is in power transmission, building wiring and telecommunication applications.
The global wire and cable market is segmented into power cables and telecom cables. The power cable is the largest segment of the overall wire and cable market. Power cables are mainly used for underground cabling applications and overhead power lines. Power cables are majorly classified into low voltage, medium voltage, high voltage and extra high voltage. High voltage power cables control the largest market share in the overall power cables market.
High voltage cables are used for transmission of electric power of 1000 volts and above. High voltage cables have additional layers of insulation around the conductor in order to control the electric field and protect the insulation. These high voltage cables are used for underwater and underground applications, overhead power line and building wirings.
In data transmission, metal wires are being replaced by fiber optics owing to their efficiency and high transmission capacity. Fiber optics use remote sensing technique which enables data transmission without any physical interference. Rising concerns for data security and increasing focus on data speed are some of the factors that are expected to drive fiber optics market. However, higher manufacturing and installation cost are expected to restrain the market growth.
The global wires & cables market is driven by increasing demand from several application areas such as braking, seat heaters, transmission, engine, air conditioners and lights. In addition, rising demand for in- vehicle wiring applications, rapid urbanization & infrastructure development are also contributing significantly to the global wires & cables market.
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