Steel Wire Armoured Cables (SWA) Market size is estimated to be USD 5.2 Billion in 2024 and is expected to reach USD 7.8 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
In 2022, the global Steel Wire Armoured Cables (SWA) market was valued at approximately USD 5.20 billion and is projected to reach USD 8.40 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% from 2024 to 2030. The Asia Pacific region dominates the market, driven by rapid industrialization and infrastructure development in countries like China and India. North America and Europe also hold significant shares, attributed to the modernization of power grids and increased renewable energy projects. The Middle East and Africa are witnessing steady growth due to expanding oil and gas exploration activities. Latin America shows potential with ongoing infrastructure projects enhancing market penetration. Opportunities in the SWA market are emerging from the growing demand for renewable energy installations, requiring durable cabling solutions. The telecommunications sectors expansion, particularly in developing regions, is further boosting the need for robust cables. Additionally, the trend towards urbanization and smart city initiatives worldwide is increasing the adoption of SWA cables for secure and efficient power distribution. Advancements in cable technology, focusing on enhanced safety and performance, are expected to open new avenues for market growth.
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Prysmian
Nexans
Southwire
LS Cable
Encore Wire
Doncaster Cables
Utama Cables Sdn Bhd (UTC)
Shangshang Cable Group
Eland Cables
FAR EAST CABLE
Baosheng
Qingdao Hanhe Cable
APAR Industries
Hengtong Group
ZTT
Shanghai Shenghua Cable
Huatong Cable
Huadong Cable
Anhui Tiankang
CN Cable Group
ILJIN
Anhui Electric Group Shares
Shanghai Jiukai Wire & Cable
ZMS
SanHeng Cable
ZW Cable
Shen Tai Electric Cable
BENDAKANG
HUNAN CHANGFEMG POWER GROUP
SHANDONG WEIJI CABLE
FUHUA WRE & CABLES
TIANJIN CABLE FACTORY RUBBER PLASTIC CABLE FACTORY
Anhui Runbang Special Type Cable
Henan Dazhongyuan
Anhui Ansheng Special Cable
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Steel Wire Armoured Cables (SWA) Market
Industrial Applications
Construction and Civil Engineering
Utilities and Infrastructure
Commercial Buildings
Renewable Energy Installations
Underground Installation
Above Ground Installation
Heavy Duty Installation
Light Duty Installation
Low Voltage Cables (up to 1000V)
Medium Voltage Cables (1kV to 36kV)
High Voltage Cables (above 36kV)
Copper Conductors
Aluminum Conductors
Alloy Conductors
Power Generation Companies
Telecommunication Sector
Construction and Engineering Firms
Mining and Resource Extraction
Transport and Logistics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Steel Wire Armoured Cables (SWA) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Steel Wire Armoured Cables (SWA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steel Wire Armoured Cables (SWA) Market, By Type
6. Global Steel Wire Armoured Cables (SWA) Market, By Application
7. Global Steel Wire Armoured Cables (SWA) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Steel Wire Armoured Cables (SWA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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