France Wire and Cable Market Analysis and Forecast 2023-2032 - Increasing Demand for Deployment of Sustainable Technologies for Power Generation Drives Wire and Cable Market Growth
Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "France Wire and Cable Market: Focus on Application, Product, and Voltage - Analysis and Forecast, 2023-2032" report has been added to * ResearchAndMarkets.com's* offering.
France's wire and cable market was valued by revenue at $5.12 billion in 2022, and it is expected to grow at a CAGR of 8.41% and reach $11.13 billion by 2032.
The French wire and cable market is in a transformative phase, marked by a focus on renewable energy integration, particularly in solar and wind projects, aligning with France's commitment to sustainability. The industry plays a vital role in transmitting electrical power, data, and communication signals across diverse sectors such as construction, automotive, energy, telecommunications, and aerospace. The market responds to rising electric mobility demands, reflecting France's dedication to sustainable transportation. Smart infrastructure initiatives and the deployment of 5G networks drive the need for innovative cables. Key drivers include government support for renewable energy, electric vehicles, and Industry 4.0 practices, in line with France's goals for reduced carbon emissions and clean energy projects.
Industry challenges include volatile prices of vital raw materials such as copper and aluminum, impacting production costs and profit margins. Stringent regulatory standards necessitate continual investment in research and development for compliance. Geopolitical uncertainties from the Ukraine-Russia conflict may worsen global supply chain disruptions. France's wire and cable market faces challenges due to uncertainties in raw material supply, underscoring susceptibility to geopolitical events affecting manufacturing processes and resource availability.
Despite challenges, opportunities abound in the wire and cable market in France. The country's reputation for quality engineering positions manufacturers for global export opportunities, especially in regions undergoing infrastructure development. Additionally, investments in research and development to create innovative, sustainable, and high-performance cable solutions are likely to capitalize on emerging market demands, ensuring the industry's resilience and growth in the future.
The industry's ability to navigate challenges and capitalize on emerging opportunities is expected to play a pivotal role in shaping the future of not only the domestic market but also the global wire and cable landscape.
The French wire and cable market is propelled by evolving technological landscapes, increasing urbanization, infrastructure development projects, regulatory initiatives, and the growing emphasis on energy efficiency and environmental sustainability.
Moreover, within the France wire and cable market, manufacturers are actively innovating sustainable wire and cable and low-smoke, and halogen-free products. Considerable investments in research and development (R&D) and strategic partnerships drive collaborative efforts to pursue sustainable solutions. Simultaneously, the France government prioritizes sustainability, offering incentives and policies to promote the adoption of eco-friendly products. This support is expected to increase demand for wire and cable in France, encouraging the integration of sustainable practices within the industry throughout the forecast period 2023-2032.
*Market Segmentation*
*Segmentation by Application*
· Electronics
· Energy and Power
· Infrastructure
· Mining and Farming
· Leisure and Entertainment
· Others
In the France wire and cable market (by application), the infrastructure application is leading the market in 2023 and is set to lead during the forecast period 2023-2032, reflecting strong demand for solutions in construction projects. Particularly, construction and building are expected to dominate the market, driven by France's focus on modernizing infrastructure, creating substantial cable demand. The France wire and cable market's pivotal role in supporting connectivity, power distribution, and technological advancements aligns with France's commitment to efficient infrastructure. Witnessing increased demand from the construction sector, the France wire and cable market plays a key role in meeting evolving project needs amid France's sustainable and resilient infrastructure investments, emphasizing technological progress.
*Segmentation by Product*
· Fiber Optic Cables
· Coaxial Cables
· Enameled/Magnet Cables
· Low Voltage Energy Cable < 1kV
· Power Cables >1kV, MV, HV, EHV
· Signal and Control Cables
· Telecom and Data Cables
· Others
*Segmentation by Voltage Type*
· Low Voltage
· Medium Voltage
· High Voltage
Low voltage energy cables (< 1kV) (by product) is leading the France wire and cable market in 2023 due to their widespread applications and compatibility with diverse electrical systems. These cables are preferred for their efficiency in power distribution, safety, and cost-effectiveness. As industries and infrastructure projects expand, the demand for these cables rises, solidifying their dominance in the product category.
Moreover, in 2023, low voltage cables dominated the French wire and cable market (by voltage type). This reflects the significant demand for low voltage applications in various industries and infrastructure development.
*Demand - Drivers and Limitations*
*Following are the demand drivers for the France wire and cable market:*
· Increase of Investments in the Telecommunications Industry
· Increase in Demand for Sustainable Wire and Cable Products
· Rise of Industrial Revolution 4.0
· Increase in Sales of Electric Vehicles
· Rise in the Demand for Energy Produced from Renewable Sources
*Following are the limitations of the France wire and cable market:*
· Fluctuations in Raw Material Prices
· Challenges Faced by Wire and Cable Manufacturers Due to Plastic Disposal
*Key Market Players and Competition Synopsis*
The following companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and regional presence.
· Nexans
· Prysmian S.p.A.
· Lapp Group
· LS Cable & System Ltd.
· HUBER+SUHNER AG
· Sonepar
· Belden Inc.
· LEONI AG
· PHOENIX CONTACT
· HELUKABEL GmbH
Other related companies in the France wire and cable market ecosystem are:
· Michaud Chailly
· Kromberg & Schubert
· Axon' Cable
· Groupe CIF
· Draka Fileca
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 170
Forecast Period 2023 - 2032
Estimated Market Value (USD) in 2023 $5.38 Billion
Forecasted Market Value (USD) by 2032 $11.13 Billion
Compound Annual Growth Rate 8.4%
Regions Covered France
*Key Topics Covered:*
*1 Markets*
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Increase in Use of Renewable Energy
1.1.1.2 Expansion of Smart Grid, Power Transmission, and Distribution Network
1.1.1.3 Growth in Use of Automation and the Rise of Robotics
1.1.1.4 Increase in Emphasis on Safety and Sustainability
1.1.1.5 Increase in Demand for Customized Products
1.1.1.6 Rise in Government Initiatives for Urbanization and Expanding Infrastructure
1.1.1.7 Growth in Demand for Fiber Optics
1.1.2 Supply Chain Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increase of Investments in the Telecommunication Industry
1.2.1.2 Increase in Demand for Sustainable Wire and Cable Products
1.2.1.3 Rise of Industrial Revolution 4.0
1.2.1.4 Increase in Sales of Electric Vehicles
1.2.1.5 Rise in the Demand for Energy Produced from Renewable Sources
1.2.2 Business Challenges
1.2.2.1 Fluctuations in Raw Material Prices
1.2.2.2 Challenges Faced by Wire and Cable Manufacturers Due to Plastic Disposal
1.2.3 Business Opportunities
1.2.3.1 Increasing Investments in the Transmission and Distribution of Electric Power Sector
1.2.3.2 Increasing Demand for Deployment of Sustainable Technologies for Power Generation
1.2.3.3 Expansion of Submarine Power Transmission Projects
1.2.3.4 Growing Demand for Data Centers and IT Facilities
*2 Application*
2.1 France Wire and Cable Market - Application and Specification
2.1.1 Electronics
2.1.2 Energy and Power
2.1.3 Infrastructure
2.2 France Wire and Cable Market (By Application)
2.2.1 Demand Analysis of the Wire and Cable Market (by Application), Volume and Value Data
2.2.1.1 France Wire and Cable Market (by Application), Volume and Value Data
*3 Products*
3.1 France Wire and Cable Market - Product and Specification
3.1.1 Fiber Optic Cables
3.1.2 Coaxial Cables
3.1.3 Enameled/Magnet Cables
3.1.4 Low Voltage Energy Cable < 1kV
3.1.5 Power Cables >1kV, MV, HV, EHV
3.1.6 Signal and Control Cables
3.1.7 Telecom and Data Cables
3.1.8 Others
3.1.8.1 Market Size and Growth Potential, 2022-2032
3.1.8.2 Key Developments and Trends
3.2 France Wire and Cable Market - Demand Analysis (by Product)
3.3 France Wire and Cable Market - Voltage and Specification
3.3.1 Low-Voltage
3.3.2 Medium-Voltage
3.3.3 High-Voltage
3.4 France Wire and Cable Market - Demand Analysis (by Voltage)
3.5 Product Benchmarking: Growth Rate - Market Share Matrix
*4 Markets - Competitive Benchmarking & Company Profiles*
· Prysmian S.p.A.
· Lapp Group
· LS Cable & System Ltd.
· HUBER+SUHNER AG
· Sonepar
· Belden Inc.
· LEONI AG
· PHOENIX CONTACT
· HELUKABEL
For more information about this report visit https://www.researchandmarkets.com/r/abqu7z
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*Attachment*
· French Wire and Cable Market
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