Europe Wire and Cable Market share will witness significant expansion on account of rising investments toward the refurbishment of conventional grid networks. Robust economic growth coupled with increasing demand of stable power supply will stimulate the product demand. In addition, growing installation of high capacity offshore wind project will further raise the adoption of various types of array and export cable substantially.

Low voltage wire and cable market share are set to expand on account of exponential rise in the consumption of electricity across residential establishments . Moreover, such cables hold wide adoption across telecommunication, consumer electronics, automotive, and other secondary LV applications. The growing demand for efficient and affordable power supply along with the flourishing electronics and communication industry is set to complement the industry outlook.

Signal and control cable market will observe a substantial growth on account of the introduction of IOT and other advanced technologies including AI, ML, and others across the industrial applications. These cables are widely adopted for signal transmission in commercial and residential buildings to provide controlling and monitoring of the systems, which will drive the industry growth over the forecast period.

The wires and cable demand across railways will witness substantial growth on account of growing investments towards enhancing interconnectivity between various EU nations. Most of the traction systems across the region work on medium voltage capacity with some peripheral operating at low voltage, which in turn will boost the product demand. Growing manufacturing and service sector have necessitated regulators to enhance and re-establish the conventional rail networks with highly secured systems which will further proliferate the industry outlook.

Rising investments to renovate and enhance the existing electric infrastructure to ease the ongoing T&D losses will drive the UK wire and cable market. Increasing demand across consumer electronics with growing adoption of mobile phones, headphones and laptops will proliferate regional business outlook over the forecast period.

Growing adoption of IoT and smart technologies across various applications will propel the demand for various data and telecom cables. Government focus toward the development of new systems with high data storage is enhancing the usage of fibre optics and other electronic cables.

Eminent industry participants are coming into long term supply agreements with an augmented focus on profiting from the combination of their production capacities in order to enhance their product penetration. Major industry players operating across the region include Sumitomo Electric Industries Limited, Nexans, Prysmian Group, NKT A/S, and KEI Industries Limited amongst others.