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With CAGR of 8 2%, Wires and Cables Market Trends, Demand, Growth And Future Scope 2023 To 2029 | Belden Inc , Fujikura Ltd , Furukawa Electric

Global $260+ Billion Wires and Cables Markets to 2028 - Implementation of Smart Grid Technology & Increase in Renewable Energy Generation Driving Market Growth

Wires And Cables Market Size Worth $260 16 Billion By 2028 | CAGR: 4 4%: Grand View Research, Inc

(1) SAN FRANCISCO, March 16, 2021 /PRNewswire/ The global wires and cables market size is expected to reach USD 260.16 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.4% from 2021 to 2028. Wires and cables are one of the essential components of infrastructure development across the world. The growing emphasis on investments and government initiatives to generate power from renewable sources has enforced the adoption of wires and cables across the globe. Increasing funds in the upgradation of infrastructure and the demand for refined power transmission and distribution systems are the key factors driving the market over the forecast period.

Global Power Cables Market to be Driven by the Growing Electrification Needs, in the Forecast Period of 2020-2025

Global Power Cables Market to be Driven by the Growing Electrification Needs, in the Forecast Period of 2020-2025
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