Wire and Cable Market Analysis And Trends To 2022: Grand View Research, Inc

Surging demand across several applications areas such as transmission, braking, engine, lights, seat heaters and air conditioners is expected to drive the global wire and cable market over the forecast period. Growing demand for in-vehicle wiring applications is also expected to considerably fuel market demand over the next six years. In addition, growth across the power transmission & distribution sector may also propel the wire and cable market demand. Rapid urbanization and infrastructure development along with increasing transmission grid capacity are also expected to serve as a driver to market growth. Favorable government initiatives pertaining to the housing sector provide several market growth opportunities. Additionally, surge in demand across telecommunication sector is also expected to favourably impact the wire and cable market demand over the next six years.
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