Global demand for insulated cable and wire is forecast to expand 8.3% p.a. between 2014 - 2018. Azerbaijan, China, Lithuania, Turkey, and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global insulated cable and wire industry is forecast to reach 8.3% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 9.5%. Currently, electric conductors (< 80 volts) account for 39.1% of the global demand while the remaining market share is divided between electric conductors (80-1000 volts) (31.5%), co-axial cable and co-axial electric conductors (8.4%), electric conductors (>1000 volts) (7.0%), insulated winding wire of copper (6.9%), optical fibre cables (5.7%), and other insulated winding wire (1.4%).
China, Japan, Russia, South Korea, and the United States represent the largest insulated cable and wire markets while the strongest annual growth is forecast to occur in Azerbaijan (16.0%), Lithuania (15.7%), Turkey (14.0%), Georgia (13.9%), and Latvia (13.9%). Insulated cable and wire market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential insulated cable and wire markets in the coming years are: Ranking Country Market Potential Rate 1. China 1.08 2. United States 0.23 3. Azerbaijan 0.16 4. Turkey 0.16 5. Lithuania 0.16 6. India 0.16 7. South Korea 0.16 8. Russia 0.15 9. Georgia 0.14 10. Latvia 0.14 11. Finland 0.14 12. Vietnam 0.13 13. United Kingdom 0.13 14. Germany 0.13 15. Kazakhstan 0.12 16. France 0.12 17. Philippines 0.12 18. Sri Lanka 0.11 19. Slovakia 0.11 20. Thailand 0.11
The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, leading companies, and future outlook for insulated cable and wire in the world and individually for the following countries: Argentina, Armenia, Australia, Austria, Azerbaijan, Belgium, Bolivia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Netherlands, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Russia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam
The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other industry professionals looking for key market insights in readily accessible and clearly presented tables and graphs.
Product segments analyzed in the reports:
Insulated winding wire of copper Other insulated winding wire Co-axial cable and co-axial electric conductors Electric conductors (< 80 volts) Electric conductors (80-1000 volts) Electric conductors (>1000 volts) Optical fibre cables
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