Wire And Cable Market Size

Wires and Cables Market size was over USD 222.46 billion in 2024 and is poised to exceed USD 457.33 billion by 2037, growing at over 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of wires and cables is evaluated at USD 232.6 billion.

This market growth is assessed to be encouraged by the growing need for energy globally. As a result, the demand for cutting-edge wires and cables to ensure effective transmission is increasing, an essential infrastructure component for producing, moving, and storing power.

According to the EIA projections, by 2050, the world's need for power may have increased by roughly one-third to three-quarters.