MarkNtel Advisors analyses the growth rate of the Sustainable Wires and Cables market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Sustainable Wires and Cables market, helping them make informed decisions.

Market Outlook – 2024-2030:

The Global Sustainable Wires and Cables Market is estimated to grow at a CAGR of around 16.5% during the forecast period, i.e., 2024-30. The growing requirement for energy efficiency across various industries, such as building & construction, industrial manufacturing, etc., is propelling the adoption of sustainable wires and cables. The emissions of greenhouse gases are on the rise across the globe, leading to environmental degradation and climate change globally. According to the International Energy Agency, in 2022, global energy-related CO2 emissions grew by around 0.9% compared to 2021. Thus, governments, businesses, and consumers across the globe are increasingly recognizing the need to optimize energy use to reduce carbon emissions and address climate issues. Consequently, this is driving the adoption of sustainable wires and cables across global markets.

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Key Company Profiles

This report explores recent significant developments in the Sustainable Wires and Cables Market, focusing on the leading companies and their innovative profiles. The major players in the Sustainable Wires and Cables Market, featured in this report, include:

  • Nexans
  • Belden Inc.
  • Prysmian Group
  • TE Connectivity
  • Southwire Company, LLC.
  • Fururkawa Electric Co., Ltd.
  • Hitachi
  • Encore Wire Corporation
  • Fujikura Ltd.
  • Polycab India Pvt. Ltd.
  • Europacable
  • Borealis AG
  • Others

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Sustainable Wires and Cables Market to forecast revenues and analyse trends across each of the following sub-markets:

  • By Type
    • Data Cable- Market Size & Forecast 2019-2030, USD Million
    • Coaxial Cable- Market Size & Forecast 2019-2030, USD Million
    • Signal Cable- Market Size & Forecast 2019-2030, USD Million
    • Power Cable- Market Size & Forecast 2019-2030, USD Million
    • Low Voltage Energy Cable- Market Size & Forecast 2019-2030, USD Million
    • Fire Resistant Cable- Market Size & Forecast 2019-2030, USD Million
    • Fiber-optic Cable- Market Size & Forecast 2019-2030, USD Million
    • Others (Ethernet Cables, Metallic Sheathed Cables, etc.)- Market Size & Forecast 2019-2030, USD Million
  • By Voltage
    • Low Voltage- Market Size & Forecast 2019-2030, USD Million
    • Medium Voltage- Market Size & Forecast 2019-2030, USD Million
    • High Voltage- Market Size & Forecast 2019-2030, USD Million
    • Extra High Voltage- Market Size & Forecast 2019-2030, USD Million
  • By Installation
    • Overhead- Market Size & Forecast 2019-2030, USD Million
    • Underground- Market Size & Forecast 2019-2030, USD Million

Overhead installations are widely employed in power distribution and transmission systems. They find extensive use in electrical grids, especially across rural areas where the infrastructure spans long distances.

  • By Raw Material
    • Metallic- Market Size & Forecast 2019-2030, USD Million
      • Copper
      • Aluminum
      • Glass
    • Non-Metallic- Market Size & Forecast 2019-2030, USD Million
      • Bio-Based Polymers
        • Polyethylene
        • Polypropylene
        • Polyamide
        • Others
      • Recycled Polymers and Plastics
        • Thermoplastics Elastomer
        • Thermoplastic Polyurethane
        • Polyethylene
        • Polyvinyl Chloride (PVC)
        • Others
      • By End User
        • Building & Construction- Market Size & Forecast 2019-2030, USD Million
        • Industrial & Manufacturing- Market Size & Forecast 2019-2030, USD Million
        • IT & Telecommunication-Market Size & Forecast 2019-2030, USD Million
        • Power Generation & Distribution- Market Size & Forecast 2019-2030, USD Million
        • Aerospace & Defense- Market Size & Forecast 2019-2030, USD Million
        • Automotive- Market Size & Forecast 2019-2030, USD Million
        • Others (Healthcare, Oil & Gas and Mining)-Market Size & Forecast 2019-2030, USD Million
      • By Region
        • North America
        • South America
        • Europe
        • The Middle East and Africa
        • Asia-Pacific

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What are the primary factors driving the growth of the Global Sustainable Wires and Cables market?

Increasing Construction of Data Centers Aligned with Sustainable Initiatives – The increasing need to manage & back up huge amounts of data & information of small, medium, and large businesses across the globe is mounting the adoption of cloud-based technologies, thereby augmenting the demand for data centers. In alignment with this demand and the expanding commitment to green initiatives aimed at reducing carbon footprints, data center providers such as Amazon, Google, etc. are increasingly focusing on the construction of sustainable data centers. For instance,

  • In 2023, Singtel, a Singaporean telecommunications conglomerate, launched the construction of the country’s highest power density, a hyper-connected green data center.

This transformation in data centers is widely supporting the market size of sustainable wires and cables, as they contribute to minimal energy loss and align effectively with the energy efficiency goals of economies globally. Furthermore, sustainable data centers prioritize energy-efficient designs, leading to reduced operational costs over time. As a result, businesses are recognizing the financial benefits of reduced energy consumption and operational expenditures, thus making sustainable data centers an economically sound choice.

Key Questions Addressed:

  1. Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
  2. Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
  3. Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
  4. Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
  5. Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?

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