Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 158.9 Billion | USD 249.1 Billion | 5.77% | 2021 |
FrequentlyAsked Questions
A copper wire refers to a single copper-made electrical conductor. It can be manufactured in two forms, namely uninsulated and insulated.
The global copper wire and cable market is projected to benefit from the growth in the building and construction sector which is currently witnessing one of the best periods of growth in the last few years.
According to study, the global copper wire and cable market size was worth around USD 158.9 billion in 2021 and is predicted to grow to around USD 249.1 billion by 2030
The CAGR value of the copper wire and cable market is expected to be around 5.77% during 2022-2030.
The global copper wire and cable market is currently dominated by Asia-Pacific and it is expected to continue its dominance over the forecast period.
The global market is led by players like 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
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