The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Sustainable Wires and Cables Market Industry (2024-2030):
According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the Sustainable Wires and Cables Market
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2019-2022
- Base year: 2023
- Forecast Years: 2024-2030
- CAGR (2024-30): 16.5%
Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”
What are the major Driver the Global Sustainable Wires and Cables Market industry?
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.
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Global Sustainable Wires and Cables Market Segmentation
The Sustainable Wires and Cables Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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
- Metallic- Market Size & Forecast 2019-2030, USD Million
- 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
As per the regional aspect, the Sustainable Wires and Cables Market is expected to be dominated by the North America by capturing the potential market share.
Explore further details about this research report-
https://www.marknteladvisors.com/research-library/sustainable-wires-cables-market.html
Top Companies in the Global Sustainable Wires and Cables Market
Nexans, Belden Inc., Prysmian Group, TE Connectivity, Southwire Company, LLC., Furukawa Electric Co., Ltd., Hitachi, Encore Wire Corporation, Fujikura Ltd., Polycab India Pvt. Ltd., Europacable, Borealis AG, and others
Global Sustainable Wires and Cables Industry Recent Development:
- In 2023, Southwire Company, LLC, signed letters of commitment for the Copper Mark, affirming its commitment to the responsible production of copper and beginning the assurance process for four manufacturing sites.
- In 2022, Borealis AG and Borouge showcase sustainable wire and cable innovations, ‘Borlink’, at the WIRE 2022 held in Düsseldorf, Germany.
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