Wires and Cables Market Size, Growth & Share | Report (2028)
Wires and Cables Market The Wires and Cables Market is anticipated to reach USD 183 billion in 2020, exhibiting a CAGR of 4.4% over the forecast period (2021-2028). The factors driving the growth of Wires and Cables Market includes increasing electricity consumption around the world, adoption of renewable sources of energy and growing investments in energy and transmission infrastructure. As per the report published by International Energy Agency (IEA), the energy demand in the International Markets is projected to rise by 4.6% in 2021 and Electricity demand is predicted to expand by 4.5% during the same year, which will boost the Wires and Cables Market size . Moreover, the increasing number of smart grid projects and growing demand for wires, cables from data centers and rising technological innovations in wires and cables, are some of the additional factors augmenting the market growth. In addition, rapid urbanization, and Strategic Government initiative to aid the cable manu...