Copper Wire & Cable Market

The copper wire & cable market is projected to grow from USD 182.0 billion in 2025 to USD 324.7 billion by 2032, at a CAGR of 8.6% during the forecast period.

The copper wire & cable market refers to the production and use of copper-based conductors designed to transmit electricity and signals across power, construction, industrial, automotive, and telecommunications applications. Owing to copper’s high electrical conductivity, durability, and thermal performance, these products remain essential for efficient and reliable energy and data transmission.

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Demand for copper wires and cables is primarily driven by accelerating urbanization and infrastructure development, rapid expansion of power generation and transmission networks, and rising investments in renewable energy integration and grid modernization. Strong growth in the construction sector, covering residential, commercial, and industrial buildings, continues to boost demand for electrical wiring, while increasing electrification of transportation, including electric vehicles and charging infrastructure, is creating new high-value applications for copper conductors. In parallel, the proliferation of data centers, 5G networks, and digital connectivity is intensifying requirements for reliable, high-conductivity cabling, while industrial automation and manufacturing upgrades further support steady consumption.

Some of the major manufacturers operating in the copper wire & cable market are NKT A/S (Denmark), Prysmian (Italy), Hellenic Cables (Greece), Sumitomo Electric Industries Ltd. (Japan), Helukabel (Germany), Nexans (France), LS Cable & System (South Korea), KEI Industries Limited (India), Polycab India Limited (India), Lapp Group (Germany), Ducab (UAE), Bahra Electric (Saudi Arabia), Riyadh Cables (Saudi Arabia), Jeddah Cables Company Ltd. (Saudi Arabia), and others.

Many major players over the past few years have adopted various growth strategies to strengthen their positions in the global copper wire & cable market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities, aimed at further expanding their market presence in the copper wire & cable market.

NKT A/S (Denmark)

NKT A/S is a leading global manufacturer and system solution provider of copper power cables, offering high-, medium-, and low-voltage copper conductor solutions. Headquartered in Brøndby, Denmark, and established in 1891, the company operates through two core divisions—solutions and applications—covering the full copper cable value chain from design and manufacturing to installation.

The solutions division focuses on high-voltage AC and DC copper cable systems for large-scale infrastructure projects such as offshore wind farms, interconnectors, and transmission networks, while the applications division serves low- and medium-voltage demand across utilities, renewables, industrial, and infrastructure sectors. Listed on Nasdaq Copenhagen, NKT continues to strengthen its market position through investments in advanced manufacturing, cable laying vessels, and technologies aligned with grid expansion, renewable energy integration, and electrification trends.

Prysmian Group (Italy)

Prysmian Group is a global leader in copper wire and cable solutions, operating in over 50 countries and serving applications across power transmission, distribution, renewables, industrial, transportation, and building infrastructure. Reorganized in 2024 into transmission, power grid, electrification, and digital solutions segments, the company leverages its scale and vertically integrated manufacturing to benefit from electrification, grid modernization, and growth in digital infrastructure.

MARKET RANKING

The copper wire & cable market comprises well-established leaders and rapidly growing SMEs. Prysmian Group is a leading player in the copper wire & cable market, operating in over 50 countries and supplying cables for power, renewable, industrial, and infrastructure applications. The company is well-positioned to benefit from electrification, grid modernization, and digital infrastructure growth. In addition to Prysmian Group, other important competitors such as NKT A/S, Hellenic Cables, Sumitomo Electric Industries Ltd., Helukabel, Nexans, LS Cable & System, and KEI Industries Limited are making strides in the market due to their extensive technological expertise and solid partnerships with major OEMs. The combination of established leaders and emerging competitors continues to shape the competitive landscape of the market.

Related Reports:

Copper Wire & Cable Market by Insulation Type, Voltage Type, Installation (Underground, Overhead, Submarine), Application (Building Wires, Power Cables, Communication, Automotive Wiring), End-use Industry, and Region - Forecast to 2032

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