DUBLIN, Feb. 2, 2024 – The Asia-Pacific region, excluding China, is gearing up for a considerable expansion in the sustainable wire and cable market. A comprehensive analysis predicts growth from $3.54 billion in 2023 to an impressive $20.34 billion by 2032, propelled by sustainability and technological advancements. This marks a compound annual growth rate (CAGR) of 21.46%.
In response to global calls for environmental conservation and reduced carbon emissions, the APAC market is witnessing a surge in eco-friendly wire and cable solutions. The report covers various industry segments, highlighting the role of sustainable cables in renewable energy, telecommunications, transportation, and healthcare.
Key findings include detailed market classifications—from end user segments to innovative installation types—and an in-depth material analysis focusing on both metallic and non-metallic solutions. The study not only benchmarks major industry players like Polycab India Limited and FURUKAWA ELECTRIC CO., LTD. but also analyses market dynamics influenced by governmental mandates and consumer preferences.
Moreover, the research outlines key trends, supply chain insights, and business drivers such as the growing demand from the renewable energy sector and the rise of smart infrastructure. It also identifies potential business opportunities amid the push for green energy solutions and the expansion of electric vehicle infrastructures.
With its finger on the pulse of technological and regulatory developments, this report is an essential tool for stakeholders in the APAC sustainable wire and cable market, laying the groundwork for informed strategic decisions in the decade ahead.
