What are the recent trends in market size and growth for the insulated cables market?
The insulated cables market size has grown steadily in recent years. It will grow from $120.67 billion in 2024 to $126.57 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to agricultural intensification, crop expansion, public health concerns, pesticide resistance management.
The insulated cables market size is expected to see steady growth in the next few years. It will grow to $151.08 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to global population growth, climate change impact, integrated pest management (ipm), emerging pest threats. Major trends in the forecast period include sustainable insecticides, precision application technologies, biological pest control, residue and food safety.
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How have varous drivers impacted the growth of the insulated cables market?
Increase in automotive sector is expected to propel the growth of the insulated cables market. Insulated wires or cables are used to handle unique stress during the manufacturing process in the automotive industry and are also used to connect car batteries with other components. The automotive sector is expanding due to technological innovations, a surge in demand for electric vehicles, better safety features, and developments in autonomous driving. The expanding automotive sector is boosting the insulated cables market, as these cables are crucial for vehicle wiring, safety systems, and electric vehicle components, increasing the demand for high-quality electrical solutions. For instance, in February 2024, according to the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australia-based government department for delivering Australian government policy and programs, as of January 31, 2022, there were 20.7 million registered motor vehicles, marking a 2% increase from January 2021. Battery electric vehicles (BEVs) totaled about 40,000, showing a 100% increase from 2021, with 34,200 being passenger cars in 2022, up by 118% from 2021. Hybrid-electric vehicles (HEVs) numbered approximately 277,000 in 2022, reflecting a 35% increase from 2021. Therefore, the increase in automotive sector is driving the growth of the insulated cables market.
What are the primary segments of the insulated cables market?
The insulated cables market covered in this report is segmented –
1) By Type: Copper, Aluminum, Fiber Optic, Other Types
2) By Voltage: Low Voltage, Medium Voltage, High Voltage
3) By Application: Electrical Equipment, Construction, Telecommunications, Motor Vehicles, Industrial Machinery
Subsegments:
1) By Copper: Bare Copper, Tinned Copper
2) By Aluminum: Bare Aluminum, Aluminum Alloy
3) By Fiber Optic: Single-mode Fiber Optic Cables, Multi-mode Fiber Optic Cables
4) By Other Types: Thermoplastic Insulated Cables, Thermoset Insulated Cables
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Which firms are leading the insulated cables market?
Major companies operating in the insulated cables market include Southwire Company LLC, General Cable, 3M Company, ABL Electronic Supplies Inc., AFC Cable Systems, Amphenol Corporation, Asia Pacific Wire and Cable Corporation Limited, Belden Inc., Cable USA, LS Corporation, Hellermann Tyton, Legrand Electric Ltd, Brady, Panduit, TE Connectivity Ltd., K-Sun, Partex Marking Systems, Phoenix Contact, Thomas and Betts, CCL Industries Inc (Avery), Fujikura Ltd., Hitachi Ltd., Leoni AG, Nexans SA, Sumitomo Electric Industries Ltd., Superior Essex, The Okonite Company, Tratos, TPC Wire & Cable, Tyco Electronics, United Copper Industries, W. L. Gore & Associates, Yazaki
How will industry trends affect the trajectory of the insulated cables market?
Major companies operating in the insulated cables market are developing innovative products such as KetaSpire KT-857 to provide innovative solutions to the automotive industry. KetaSpire KT-857 is a high-purity PEEK extrusion compound designed especially for copper magnet wire insulation in electric motors. For instance, in May 2023, Solvay, a Belgium-based chemicals company launched KetaSpire KT-857, a new polyetheretherketone (PEEK) extrusion for monolayer e-motor magnet wire insulation. The technology eliminates the need for a primer and a topcoat, which simplifies the manufacturing process and reduces costs. The compound also ensures better adhesion in a faster and more cost-effective way.
Which geographic trends are shaping the insulated cables market, and which region has the highest market share?
Asia-Pacific was the largest region in the insulated cables market in 2023. North America is the second-largest region in the insulated cables market. The regions covered in the insulated cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Insulated Cables Market Report 2025 Offer?
The insulated cables market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The insulated cable is a cable that is resistant to electric current as it consists of non-conductive material. Insulated cables are used in lights, fans, computers, television, and telephone. Insulated cables are used in various applications such as electrical equipment, construction, telecommunications, and motor vehicles.
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