How Big is the Sustainable Wires and Cables Market?
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.
Market Statistics
- Market Growth Rate (CAGR): 16.5% from 2024-2030
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Sustainable Wires and Cables Market Insight:
Driver-
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.
Sustainable Wires and Cables Market Segmentation:
The report has segmented the market into the following categories:
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
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
- Bio-Based Polymers
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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Competitive Landscape:
- 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
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2024-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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