US Insulated Wire & Cable Market

LONDON, Sept. 15, 2015 /PRNewswire/ -- US insulated wire and cable demand is projected to surpass $27 billion in 2019 on 5.6 percent annual advances. Through the forecast period, total consumption of insulated wire and cable will continue to recover from its depressed 2009 level. A strong expected recovery in construction expenditures will fuel growth in demand for several types of wire, including building, electronic, and power wire and cable.

Building wire & cable to offer best opportunities

Among the different product types, building wire and cable held the largest share of demand in 2014. It will see the most rapid advances through 2019, when it will exceed $8 billion. An expected acceleration in growth of building con-struction expenditures, after a period of tepid improvement between 2009 and 2014, will drive growth. Similarly, the construction market for insulated wire and cable is forecast to see the fastest growth of any wire and cable market through 2019. In addition to building wire, the rising construction expenditures will benefit demand for other types of wire used in building construction, such as telephone wire and coaxial cable.

Key electrical equipment market to grow 4.1% yearly

The electrical equipment market held the largest share of insulated wire and cable demand by market in 2014. Through the forecast period, demand is projected to increase 4.1 percent per annum, driven by heightened demand for wire and cable for power transmission and distribution. Increasing electricity production as well as use of new sources of power generation, such as solar and wind farms, will support growth. However, decelerating growth of appliance and other equipment shipments will restrain growth of other types of wire and cable for electrical equipment markets. Slower price growth will also limit faster growth in spending on wire for electrical equipment.
The telecommunications market, which utilizes a vast array of wire and cable products, is another important market for insulated wire and cable. Demand for insulated wire and cable for the telecommunications market is projected to ex-ceed $4 billion in 2019. The continued usage of electronic devices that rely on wireless technology will dampen demand for wire and cable used to connect such devices. However, the growing usage of such devices will require continued improvements to the existing telecommunications infrastructure. Although much of this work has already been completed, there is still significant investment needed in the "last-mile" infrastructure upgrades, which will support overall wire and cable demand.

Study coverage

This upcoming Freedonia industry study, Insulated Wire & Cable presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by material, product and market. The study also considers market environment factors, details the industry structure, assesses company market share and profiles over 20 US industry players.

Download the full report: https://www.reportbuyer.com/product/702284/

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