The wire and cables market includes copper and aluminum cables used for power transmission and telecommunications globally. Wire and cables effectively transmit electricity over long distances from generation stations to power grids and end-users. Copper wires have high electrical conductivity and strength making them suitable for low voltage power supply and power distribution systems. On the other hand, aluminum cables are more commonly used for overhead power transmission systems due to their lightweight property and resistance to corrosion.

The Global Wire and Cables Market is estimated to be valued at US$ 225.61 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.

The Wire And Cables Market Demand is experiencing substantial growth. Various government initiatives for rural electrification and expansion of transmission networks in developing countries are also fueling market expansion. The growing demand for electricity and telecommunications services from industrial, commercial, and residential sectors is driving significant growth of the wire and cable market.

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