와이어 및 케이블 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the wire and cable market size reached USD 245.44 billion in 2026 and is projected to attain USD 315.78 billion by 2031, advancing at a 5.17% CAGR.

This report is Segmented by Voltage (Extra/High, Medium, and Low), Cable Type (Power, Fiber-Optic, and More), Conductor Material (Copper, Aluminum, and Optical), Installation (Overhead, Underground, and Submarine), End-User (Construction, Power, Telecom/Data Centers, and More), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

Global Wire And Cable Market Trends and Insights

Surging Offshore Wind HV Cable Demand In North Sea And East Asia

A record pipeline of North Sea and Baltic Sea offshore wind export corridors is pulling forward manufacturing slots for 320-kilovolt and 525-kilovolt direct-current cables, with utilities stipulating International Electrotechnical Commission 62067 compliance to assure reliability across multinational grids. Contract awards, such as Prysmian's EUR 300 million (USD 339 million) commitment for its South Carolina facility and NKT's Bornholm Energy Island export package exceeding EUR 500 million (USD 565 million), are widening regional manufacturing capacity. East Asian demand mirrors Europe's trajectory; LS Cable's USD 400 million Taiwan awards and Taihan's floating wind scope in South Korea underscore the urgency to secure high-voltage submarine supply. Developers are migrating from alternating-current to direct-current topologies for distances exceeding 100 kilometers, resulting in approximately 30% higher insulation consumption per kilometer and intensifying the risk of cross-linked polyethylene supply. Regulatory clarity and ready-to-install design catalogs shorten tender cycles, reinforcing incumbent advantage for European and Asian tier-one suppliers.

Rapid Build-Out of Data Center Interconnects In Emerging Digital Hubs

Hyperscale operators are self-provisioning long-haul fiber across Singapore, Mumbai, Dubai, and Sao Paulo to shave milliseconds from application latency, a prerequisite for artificial-intelligence inference and real-time trading workloads. The 45,000-kilometer 2Africa loop, which went live in 2024, lowered Europe-Africa latency by 40%, validating the economics of owned infrastructure over leased capacity. Meta's Echo and Bifrost systems, each with more than 16 fiber pairs, set a new baseline for channel count while providing route diversity outside congested chokepoints. Middle East mega-projects, such as NEOM and Khazna's 100-megawatt Abu Dhabi campus, are incorporating redundant terrestrial and subsea paths into their master plans to achieve five-nines uptime. Transitioning to 400-gigabit and 800-gigabit coherent optics compresses the cost per bit, lifting the return on invested capital for high-fiber-count cables and enabling faster revenue capture.

XLPE Resin Supply Bottlenecks Limiting EHV Output

Cross-linked polyethylene insulation bespoke to 220 kilovolt and above constructions faces feedstock tightness as petrochemical majors favor higher-margin packaging resins, stretching lead times to 18 months in 2024 and forcing project rescheduling across European offshore grids. Prysmian has added a dedicated compounding line in Arco Felice, Italy; however, overall industry additions still trail incremental demand. Only a handful of qualified suppliers, such as Borealis and Dow, hold the formulations required for 525 kilovolt direct-current designs, and material qualification under IEC regimes is a multi-year exercise. Higher voltage ratings consume roughly 30% more insulation per kilometer, amplifying resin scarcity. Developers that can pre-book slurry allocations secure earlier energization dates, while laggards risk cost overruns tied to vessel re-mobilization.

Other drivers and restraints analyzed in the detailed report include:

1. Accelerated Fiber-To-The-Home Roll-Outs In India and ASEAN
2. Electrification of Automotive Harnesses For EV Platforms
3. Copper Price Volatility Squeezing Contractor Margins In MENA

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Extra- and high-voltage lines above 35 kilovolts are expected to grow at a 7.91% CAGR to 2031, outperforming the overall wire and cable market. Low-voltage incumbents continue to dominate, with a 46.12% revenue share in 2025, primarily anchored in residential and commercial circuits. However, growth moderates as China and Europe cool housing starts. Developers prefer high-voltage direct-current topologies for links exceeding 100 kilometers, redirecting procurement to suppliers that possess 600-kilovolt test chambers. The shift elevates the barrier-to-entry thresholds and compresses delivery windows, reinforcing the incumbent's advantage.

The wire and cable market share for low-voltage products remains substantial in terms of units, but commoditization is squeezing margins. Medium-voltage applications, ranging from 1 kilovolt to 35 kilovolts, maintain a stable base in urban grids and industrial parks. Extra-high-voltage advances rest on cross-linked polyethylene enhancements and real-time digital twins that model thermal profiles during transient loads. China and India are pioneering 800 kilovolt corridors to shuttle renewables to coastal load centers, requiring thicker insulation walls and factory-jointed sections that simplify offshore installation.

Fiber-optic cables are projected to rise at an 8.62% CAGR, the strongest growth within the wire and cable market, driven by 5G backhaul, cloud interconnects, and fiber-to-the-home mandates. Power cables held 38.27% of 2025 revenue but face mature trajectories in North America and Western Europe. Signal and control variants ride the crest of Industry 4.0 upgrades, while coaxial demand tapers as video migrates to over-the-top streaming.

The wire and cable market size for fiber optics is expanding further as demand for 400-gigabit coherent optics requires ultra-low-loss glass. Corning's bend-insensitive single-mode fiber reduces duct congestion by allowing more strands to be squeezed into existing conduits. Power cable innovations focus on integrating fiber sensors for real-time condition monitoring, blending data and electricity in one sheath. Declining cost per bit, coupled with spectrum-sharing techniques on new subsea loops, cements fiber's ascendancy in high-capacity routes.

Complete Report Scope:

• By Voltage
  • Extra- and High-Voltage (Greater Than 35 kV)
  • Medium-Voltage (1-35 kV)
  • Low-Voltage (Less Than 1 kV)
• By Cable Type
  • Power Cable
  • Fiber-Optic Cable
  • Signal and Control Cable
  • Coaxial and Data Cable
• By Conductor Material
  • Copper
  • Aluminum
  • Optical Glass / Polymer
• By Installation
  • Overhead
  • Underground
  • Submarine
• By End-User Vertical
  • Construction - Residential
  • Construction - Commercial
  • Power Infrastructure (Utilities and Renewables)
  • Telecommunications and Data Centers
  • Oil and Gas and Petrochemicals
  • Automotive and Mobility
  • Industrial Manufacturing
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Middle East
      • Saudi Arabia
      • United Arab Emirates
      • Turkey
      • Rest of Middle East
    • Africa
      • South Africa
      • Kenya
      • Rest of Africa

Geography Analysis

Asia Pacific held 38.71% of 2025 revenue, buoyed by China's ultra-high-voltage corridors, India's BharatNet fiber drives, and Southeast Asia's urbanization push. Chinese suppliers Hengtong and ZTT utilize large-scale optical-fiber output to anchor pricing, while Indian incumbents Polycab and KEI expand domestic lines to meet rising residential demand. Japan and South Korea are escalating offshore wind tie-ins and grid upgrades, while Australia advances renewable energy zones that require long-distance transfer paths.

Europe remains a powerhouse due to North Sea and Baltic offshore wind activity. Prysmian, Nexans, and NKT lock in multi-hundred-million-dollar export packages for projects such as LionLink, Dogger Bank, and Bornholm Energy Island. Germany, France, and Spain modernize their aging transmission loops, while Italy and Eastern Europe replace their brittle distribution assets. Baltic Sea sabotage cases, such as C-Lion1 and Estlink 2, highlight the importance of redundant routing and monitoring.

Africa is forecast to post the strongest regional CAGR at 7.23% as multilateral lenders bankroll cross-border power pools and national electrification agendas. The West Africa Power Pool and Eastern Electricity Highway exemplify how bundled financing unlocks demand for medium- and high-voltage links. Payment cycles and regulatory hurdles remain steep, but players willing to navigate them secure first-mover advantages amid electrification levels under 50% in many economies.

North America witnesses reshoring of high-voltage production as Prysmian and Nexans commit more than USD 500 million combined to South Carolina factories, positioning themselves near Atlantic offshore wind leases. Inflation Reduction Act incentives stimulate domestic sourcing, while grid operators in the United States and Canada modernize networks for renewable influx. South America concentrates growth in Brazil where the regulator cleared 15,000 kilometers of new lines in 2024. The Middle East shifts toward aluminum to mitigate copper spikes, aligning with megaprojects such as NEOM that demand advanced thermoplastic insulation systems.

1. Prysmian Group
2. Nexans SA
3. Sumitomo Electric Industries Ltd.
4. LS Cable and System Ltd.
5. Southwire Company LLC
6. Fujikura Ltd.
7. Furukawa Electric Co. Ltd.
8. NKT A/S
9. Belden Inc.
10. CommScope Holding Company Inc.
11. TE Connectivity Ltd.
12. Corning Incorporated
13. Leoni AG
14. Amphenol Corporation
15. HELUKABEL GmbH
16. Jiangsu Zhongtian Technology Co. Ltd.
17. Hengtong Optic-Electric Co. Ltd.
18. Riyadh Cables Group Company
19. Polycab India Ltd.
20. KEI Industries Ltd.
21. ZTT Group

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging Offshore Wind HV Cable Demand in North Sea and East Asia
  • 4.2.2 Accelerated Fiber-To-The-Home Roll-Outs in India and ASEAN
  • 4.2.3 Electrification of Automotive Harnesses for EV Platforms
  • 4.2.4 Sub-Saharan Grid Interconnect Projects Unlocking Multilateral Funding
  • 4.2.5 Rapid Build-Out of Data Center Interconnects in Emerging Digital Hubs
  • 4.2.6 Corporate Net-Zero Procurement Driving Green Cable Materials Adoption
• 4.3 Market Restraints
  • 4.3.1 XLPE Resin Supply Bottlenecks Limiting EHV Output
  • 4.3.2 Copper Price Volatility Squeezing Contractor Margins in MENA
  • 4.3.3 Vulnerability of Subsea Cables to Geopolitical Sabotage
  • 4.3.4 Skilled Workforce Shortages in High-Voltage Cable Jointing
• 4.4 Industry Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 The Impact of Macroeconomic Factors on the Market
• 4.8 Investment Analysis
• 4.9 Porter's Five Forces Analysis
  • 4.9.1 Bargaining Power of Suppliers
  • 4.9.2 Bargaining Power of Buyers
  • 4.9.3 Threat of New Entrants
  • 4.9.4 Threat of Substitutes
  • 4.9.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Voltage
  • 5.1.1 Extra- and High-Voltage (Greater Than 35 kV)
  • 5.1.2 Medium-Voltage (1-35 kV)
  • 5.1.3 Low-Voltage (Less Than 1 kV)
• 5.2 By Cable Type
  • 5.2.1 Power Cable
  • 5.2.2 Fiber-Optic Cable
  • 5.2.3 Signal and Control Cable
  • 5.2.4 Coaxial and Data Cable
• 5.3 By Conductor Material
  • 5.3.1 Copper
  • 5.3.2 Aluminum
  • 5.3.3 Optical Glass / Polymer
• 5.4 By Installation
  • 5.4.1 Overhead
  • 5.4.2 Underground
  • 5.4.3 Submarine
• 5.5 By End-User Vertical
  • 5.5.1 Construction - Residential
  • 5.5.2 Construction - Commercial
  • 5.5.3 Power Infrastructure (Utilities and Renewables)
  • 5.5.4 Telecommunications and Data Centers
  • 5.5.5 Oil and Gas and Petrochemicals
  • 5.5.6 Automotive and Mobility
  • 5.5.7 Industrial Manufacturing
• 5.6 By Geography
  • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
  • 5.6.2 South America
    • 5.6.2.1 Brazil
    • 5.6.2.2 Argentina
    • 5.6.2.3 Rest of South America
  • 5.6.3 Europe
    • 5.6.3.1 United Kingdom
    • 5.6.3.2 Germany
    • 5.6.3.3 France
    • 5.6.3.4 Spain
    • 5.6.3.5 Italy
    • 5.6.3.6 Rest of Europe
  • 5.6.4 Asia Pacific
    • 5.6.4.1 China
    • 5.6.4.2 India
    • 5.6.4.3 Japan
    • 5.6.4.4 Australia
    • 5.6.4.5 South Korea
    • 5.6.4.6 Rest of Asia-Pacific
  • 5.6.5 Middle East and Africa
    • 5.6.5.1 Middle East
      • 5.6.5.1.1 Saudi Arabia
      • 5.6.5.1.2 United Arab Emirates
      • 5.6.5.1.3 Turkey
      • 5.6.5.1.4 Rest of Middle East
    • 5.6.5.2 Africa
      • 5.6.5.2.1 South Africa
      • 5.6.5.2.2 Kenya
      • 5.6.5.2.3 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 Prysmian Group
  • 6.4.2 Nexans SA
  • 6.4.3 Sumitomo Electric Industries Ltd.
  • 6.4.4 LS Cable and System Ltd.
  • 6.4.5 Southwire Company LLC
  • 6.4.6 Fujikura Ltd.
  • 6.4.7 Furukawa Electric Co. Ltd.
  • 6.4.8 NKT A/S
  • 6.4.9 Belden Inc.
  • 6.4.10 CommScope Holding Company Inc.
  • 6.4.11 TE Connectivity Ltd.
  • 6.4.12 Corning Incorporated
  • 6.4.13 Leoni AG
  • 6.4.14 Amphenol Corporation
  • 6.4.15 HELUKABEL GmbH
  • 6.4.16 Jiangsu Zhongtian Technology Co. Ltd.
  • 6.4.17 Hengtong Optic-Electric Co. Ltd.
  • 6.4.18 Riyadh Cables Group Company
  • 6.4.19 Polycab India Ltd.
  • 6.4.20 KEI Industries Ltd.
  • 6.4.21 ZTT Group

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment