According to a market report by Lucintel, the future of the global copper cable market looks promising with opportunities in the building wire, communication, power distribution, and automotive markets. The global copper cable market is expected to reach an estimated $188.6 billion by 2030 from $153.4 billion in 2023,at a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are increasing demand for electricity, growing investment in the infrastructural development, and rising adoption of renewable energy sources.
A more than 150-page report to understand trends, opportunity and forecast in copper cable market to 2030 by type (wire and cable), application (building wire, communication, power distribution, and automotive), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wire will remain the larger segment over the forecast period due to increasing adoption of copper wire for all the electrical equipments.
Within this market, power distribution will remain the largest segment due to rising demand for electricity.
Download sample by clicking on copper cable market
North America will remain the largest region over the forecast period due to rise in expansion of the building industry.
Aviva Metals, Belden, CommScope Holding, Elcowire, Hitachi Metals, Nexans, Ningbo Jintian Copper are the major suppliers in the copper cable market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
Explore Our Latest Publications
AI copyright Trading Bot Market
Comments on “Lucintel Forecasts the Global Copper Cable Market to Reach$188.6 billion by 2030”