Wire & Cable Market to Hit $296.3B by 2031 on Grid, EV Demand
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Delray Beach – September 23, 2026 -- The global wire & cable market is projected to grow from USD 224.8 billion in 2026 to USD 296.3 billion by 2031, a 5.7% CAGR, according to MarketsandMarkets. Demand is pivoting from construction-led consumption toward grid reinforcement, renewable power evacuation, electric mobility, and AI-driven data-center build-out.
Asia Pacific outpaces global growth at 6.5% CAGR
Rapid data-center and 5G rollout across China, India, and Southeast Asia, combined with semiconductor manufacturing investment, railway electrification, and smart-city development, is driving Asia Pacific's outsized expansion. Regional cable manufacturers are scaling domestic production capacity to capture this demand.