Wire and Cable industry Analysis pdf jobs
The global wire and cable market size is valued at USD 181
28 billion in 2021
The market is expected to grow from USD 200
23 billion in 2022 to USD 294
73 billion in 2029, at a CAGR of 5
7% during the forecast period
The global Covid-19 pandemic is unprecedented and alarming, with demand lower than expected in all regions compared to pre-pandemic levels
According to our analysis, the global market declined by -8
8% in 2020 compared to 2019
And lots of wire and cable companies offer jobs in the world for example Universal Networks, Autac Products Limited, HR Go Recruitment Bishop, NanoSun, Rockford Components Limited, Electrix International Ltd, SEB International Ltd, Power Electronic Measurements Ltd, and other companies A wire is a single electrical conductor whereas a group of wires in a bundle is called a cable
Various cables, such as coaxial cables, are widely used to transmit power and communication signals throughout the industry
Rising investment in transmission and distribution coupled with growing demand from data center and telecommunication industries will lead to the growth of the wire and cable market over the forecast period
High cash flow from smart grid projects and upgrades to transmission systems are also expected to boost demand for wire and cable
The massive investment in smart grids has led to an ever-increasing demand for network connectivity
Additionally, increased funding for underground cables and advancements in renewable energy have boosted wire and cable adoption
Plug-in electric vehicles (PEVs) are already available to consumers in various countries to support the transition to low-carbon transportation
Smart grid systems are designed to have the infrastructure required for effective use of these PEVs
Increasing production of electric vehicles is a growth opportunity for the market as several countries and other countries including India, China, Europe, and the United States are already adopting and encouraging the production of electric vehicles
For example, in July 2021, US Public Electric & Gas (PSE&G) partnered with Landis + Gyr to supply and install advanced meters and related infrastructure and technology in New Jersey
PSE&G will invest $1 billion to help customers improve energy efficiency and $700 million in smart meters and electric vehicle programs
Wire and Cable Industry
The wire and cable manufacturing industry produces insulated non-ferrous metal wire and cable and optical fiber cables for power transmission and communication
The industry does not produce non-ferrous wire or bare fiber optic material, but uses wire and fiber produced by companies outside the industry
Industry events
Production of electronic wire and cable
Production of telephone and telegraph wires and cables
Production of electric wires and cables
Production of portable power cord
Production of control and signal wires and cables
Construction wire and cable production
Wire and cable production equipment
Manufacture of other insulated wires and cables
Making magnetic wire
Production of insulated optical cables
Industry products and services
Electronic wire and cable
Telecommunication wire and cable
Construction wire and cable
Fiber optic cable
Electric wire and cable, etc
Cyclical market After experiencing a sharp decline in demand for cable at the turn of the century, the sector has seen demand recover
in recent years fueled by growth in the telecommunications and energy sectors, particularly in emerging economies
This highlights the cyclical nature of the industry
Shifting power in the supply chain Cable manufacturing companies often find themselves with large suppliers of raw materials on the one hand and large integrated customers such as wholesalers, telecommunication operators and energy on the other
In addition, few cable manufacturers interact directly with end customers, so they have relatively little power in the supply chain
Transformation of industries and working capital The cable industry can be considered a transformative industry
This means that material costs determine a significant part of the cost of the final product, often more than 60%
Therefore, cable manufacturers should strive for perfection in the company’s transformation process
That’s where the profit comes from
In addition, working capital must be carefully considered
Expensive raw materials and work in process (WIP) drain a company’s excess financial resources
Finally, large inventories of non-ferrous metals (copper, Al) may pose significant price volatility risks to the company
Wire and Cable industry Analysis pdf
The wire and cable market are worth over $198 billion by 2021 and will grow at a CAGR of over 8% between 2022 and 2030
Consumers tend to use flexible and fire-resistant wire and cable to protect the living environment and have a long service life
It will expand the market
Growing demand for upgrading and replacing existing power infrastructure in various economies creates a favorable growth scenario for the wire and cable market
Growing concerns related to power failure, fire, health, and other operational risks are driving product deployments
In addition, the booming consumer electronics industry and the development of network infrastructure will boost the industry outlook
Increasing investment in research and development to increase the product portfolio of various manufacturers further augments the market growth
Significant growth is expected over the forecast period owing to the widespread use of power cables in relatively low-rated capacity networks
Furthermore, the government’s focus on enhancing existing transmission capacity will increase product demand due to increased deployment of stable and efficient components
In addition, changing regulatory propensity to replace traditional generator sets with large-capacity clean energy sources and rapid infrastructure development are driving global market demand
Growing desire by power companies to expand and upgrade existing networks
The low-voltage wire and cable market will grow by 8% by 2030
Widespread use in consumer electronics, communications, automotive, and other secondary power distribution applications drive the market growth
In addition, the wide variety of availability and voltage range up to 1000V encourages product adoption
Furthermore, the increasing demand for efficient, continuous, and cost-effective power supplies coupled with the booming telecommunications and electronics industries has positively impacted the market size
Deregulation lowers barriers to entry
Until recently, the electricity and telecommunications market were characterized by monopoly suppliers, mainly domestic cable suppliers
However, deregulation has increased the incentive for customers to bargain more aggressively with cable manufacturers
In addition, transportation costs are estimated to be less than 5% of production costs
As a result, more than 20% of total consumption in Western Europe is imported, while about 30% of total production is exported
Jobs in Wire and Cable industry
There are lots of wire and cable companies offer jobs in the world for example Universal Networks, Autac Products Limited, HR Go Recruitment Bishop, NanoSun, Rockford Components Limited
Electrix International Ltd, SEB International Ltd, Power Electronic Measurements Ltd, and other companies
Rise Technical Recruitment Limited offers a Wire Trainee and an outstanding role for those wishing to join a market leading manufacturer, where you will undergo comprehensive training and development while advancing to a fully qualified individual
The company is a market leader in the production and supply of professional audio, video and broadcast equipment
They are growing fast and have recently invested heavily in this business
Due to this expansion, they are looking for an ambitious trainee to train and develop
In this role, you will undergo an extensive training program to become a fully qualified individual
After the candidate completes the training, the person disconnects the cable from the connector or stage box to set standards and specifications for audio and video
More McCord Wiring Technicians and Recruitment Services’ Cv Library are recruiting several Wiring Technicians to join their Wiring Manufacturing division for our busy client in Watford, Hertfordshire
Successful candidates must demonstrate a high level of skill for this type of work, and being able to read instructions on drawings, schematics, etc
and follow them carefully is essential
You will be involved in a series of box assembly, cable harness preparation and loom wiring in the MOD section
Mansell Recruitment Group Plc provides cable fitters, and the company is looking for an energetic cable fitter to join our first class team at Mansell Recruitment Group PLC in Rustington
Developing your career as a full-time cable fitter is a great opportunity to develop exceptional skills
If you are adaptable, team player and have the right initiative then apply for the position of Cable Assembler at Mansell Recruitment Group PLC today
Ryman Control Systems Ltd for Wire and Cable Assembler Apprentice and Ryman Control Systems are a specialist electronic wiring subcontractor and are currently looking for a wiring apprenticeship
Some experience in making cable looms, cable assemblies, etc
is desirable but not required, which will be given in the home tutorial
Owen Daniels bid for Simi The company’s customer is a global manufacturer of safety-critical systems used in the nuclear and defense industries
They are looking for an experienced wire/assembly technician to join their team in a full-time, permanent position
The ideal candidate has experience working with industry-specific standards and has wiring skills relevant to the role
informant job description
Perform electromechanical assembly, mechanical base assembly and panel wiring
Soldering, crimping, hoisting, cable assembly, PCB surface mount through-hole assembly and rework
Wiring prototype, including printed circuit board (PCB) wiring cable set and customer control unit (CCU)
relation
Global Wire and Cable Industry Overview
The size of the global wire and cable market in 2020 is estimated at $183
14 billion
It is anticipated to extend at a compound yearly growth rate (CAGR) of 4
4% from 2021 to 2028
Accelerating global urbanization and infrastructure development are some of the major factors driving the market
Wire and cable companies mentioned in this report are Prysmian Group, South Wire Company, Nexans, Furukawa Electric, Fujikura, Sumitomo Corporation, Belden, LS Cable & System, KEI Industries, Cable Industries, NKT A/S, Amphenol, Finolex Cables, Polycab, Encore Wire Co
, Ltd
Pune, India, April 11, 2022 (GLOBE NEWSWIRE) — The global wire and cable market size is expected to grow from USD 200
23 billion in 2022 to USD 294
73 billion in 2029, at a CAGR of 5
7% during the forecast period
The size of the global wire and cable market will reach $181
28 billion by 2021
Growth in demand for renewable energy generation along with increased investment in power distribution and transmission is expected to boost market growth
Fortune Business Insights has provided this information in its report titled “Wire and Cable Market 2022-2029”
In addition, increasing demand for IT facilities and data centers is expected to be a key trend fueling market growth over the forecast period
The growth in demand for electricity generation from renewable energy causes the market to grow
Increasing demand for power generation from renewable energy to boost market growth The deployment of green energy technologies by governments around the world to reduce the use of fossil fuels is increasing
The continuous construction of solar farms and wind turbines has increased the demand for wire and cable
Additionally, the development of marine renewable technologies such as offshore wind farms is expected to drive market growth as wires and cables are placed beneath the seabed to supply electricity
Growing demand for renewable energy is likely to drive the growth of the global wire and cable market
Growing demand for wires and cables in IT facilities and data centers is expected to favor market growth due to growing demand for big data
The growing adoption of cloud computing by companies to eliminate maintenance and other miscellaneous costs is likely to stimulate the market growth
Increasing investment in the transmission and distribution industry for efficient transmission of electricity is likely to be a major growth driver for the wire and cable market
In addition, increased investment in the industrial sector is expected to benefit the market
Wire and Cable Industry News
On 29 June 2022, North Ayrshire Council’s Planning Committee has decided to grant planning permission for XLCC’s HVDC subsea cable manufacturing operations in Hunterston, Scotland
Over the next few months, brownfields will create a new industry in the UK to support global decarbonization goals
Once fully operational, the center will support 900 jobs in the region and thousands more in the wider supply chain
XLCC’s first order is for four 3,800km cables to connect renewable solar and wind power in the Sahara to the UK for the Morocco-UK Xlinks power project
XLCC Program Manager Alan Mathers said: We look forward to supplying plants of local and international importance for HVDC submarine cables
The UK will be positioned as a global leader in the green economy and the Hunterston plant will play a key role in connecting affordable and green energy from renewable energy projects around the world
AEI Cables has published a technical guide for supply chain managers on the selection and installation of cables for Category 3 fire performance cables according to the revised British Standard
This industry-wide campaign is raising awareness globally of the dangers of not using approved cables as specified in the revised BS8519:2020 Code of Practice for Category 3 Fire Resistant Cables
Industry bodies supporting the movement include the leading organization Electrical Safety First and Fire Safety membership body the Fire Office Organization (IFPO)
Systems powered by these cables — including smoke and heating systems — assist fire departments in fighting fires and provide safe evacuation in the event of loss of life
Class 3 fire rated cables reduce harmful smoke, toxic gas, and flame emissions in the event of an actual fire
Applications for Category 3 fire performance cables are for disabled evacuation alarms in nursing homes, emergency voice communication systems, and voice alarm systems in related buildings, including high-rise buildings, office spaces, hospitals, shopping malls, and sports venues
Conclusion All the information mentioned above, we are providing timely and accurate service to the buyers and we seeking to find our place in international market, with the quality and reliability of products
We conduct our business in an honest and direct manner, with top management responsible for day-to-day activities, which include making enquiries, orders and following their personal concerns
