A Comprehensive Analysis of the Global Cable Market
Global Cable Market The global cable market is an essential segment of the infrastructure industry, playing a pivotal role in power distribution, telecommunications, and data transfer. The global cable market size was valued at approximately USD 200 billion in 2023 and is projected to reach USD 260 billion by 2028 , growing at a CAGR of 5.2% during the forecast period. This growth is driven by increasing urbanization, the expansion of renewable energy projects, and the rising demand for high-speed internet connectivity. Cable Market Segmentation The cable market can be segmented into various categories, including: By Product Type : Power Cables : 40% market share Communication Cables : 30% market share Submarine Cables : 15% market share Fiber Optic Cables : 15% market share By End-User Industry : Energy and Power : 35% market share Telecommunications : 30% market share Construction : 20% market share Industrial : 15% market share By Geography : North America : 25% market share Eur...