Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 188.18 Billion | USD 330.70 Billion | 5.8% | 2024 |
FrequentlyAsked Questions
A copper wire refers to a single copper-made electrical conductor.
The global copper wire and cable market is expected to grow due to infrastructure development, increasing demand for electricity, renewable energy expansion, and widespread use in telecommunications and construction.
According to a study, the global copper wire and cable market size was worth around USD 188.18 Billion in 2024 and is expected to reach USD 330.70 Billion by 2034.
The global copper wire and cable market is expected to grow at a CAGR of 5.8% during the forecast period.
Asia-Pacific is expected to dominate the copper wire and cable market over the forecast period.
Leading players in the global copper wire and cable market include Alan Wire Company, Prysmian Group, Ningbo Jintian Copper (Group) Company, Nexans, Tongling Jingda Electromagnetic Wire Company Limited, Aviva Metals, SH Copper Products Co. Ltd., Sumitomo Electric Industries Ltd., General Technologies Corporation, Schneider Electric SE, Hitachi Metals Ltd., Belden Inc., and others, among others.
The report explores crucial aspects of the copper wire and cable market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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