Top 10 Wires & Cables Brands Paving the Way in the Industry

Modern electrical systems, which include wires & cables, conduits, circuit breakers, smoke alarms, and more, have made traditional electrical processes obsolete and has given birth to the enhanced infrastructure development. With countries investing huge amounts into urban planning, the demand for these systems is poised to achieve multifold growth. Specifically, wires & cables, which refer to conductive materials deployed for the transmission of data signals or electricity, have gained immense prominence in the efficient distribution of power.

With rising urbanization and increasing disposable incomes, countries are witnessing the expansion of their infrastructure. The expanding commercial structures and residential projects are set to flourish market growth. Construction sites have distinct electrical needs, and not all electrical firms provide services complying with legal obligations and special standards. Moreover, the building cabling segment, which includes wires & cables are needed for commercial and residential structures, has witnessed growth owing to changes in the housing sector.

The top wire and cable brands are emphasizing the development of new wires & cable projects globally. The transition in emphasis is fueled by innovations in wire technology coupled with the growing demand for green energy solutions. In addition, the current infrastructure development, which includes transportation networks, energy infrastructure, and commercial and residential buildings, has bolstered the demand for different wires & cables for the distribution, construction, communication, and transmission of power. As per a report by Fortune Business Insights™, the market for wires & cables reached USD 208.89 billion in 2023 and is set to reach USD 357.34 billion by 2032 with a CAGR of 6.23% during the 2024-2032 forecast period. The market is also expected to reach USD 220.28 billion in 2024.

Fortune Business Insights™ Profiles Top 10 Wires & Cables Brands Operating in the Market

1. Prysmian Group

Prysmian Group is an Italian manufacturer of electric cables and offers a wide range of expertise and services. Every year, it develops thousands of kilometers of electricity transmission and distribution systems, submarine and underground cables, and low and medium-voltage cables for infrastructure and construction. It is also a manufacturer of a diverse array of copper cables, connection systems, and optical fibers for data, video, and voice transmission for the telecommunications sector. In April 2024, the product manufacturer announced that it had signed a definitive merger agreement for the acquisition of Encore Wire.

2. Nexans

Nexans is a French producer of optical fibers and cables, which is the major name behind the world’s shift to an even more sustainable and consistent energy future. It has been involved in the revitalization of the energy industry for ~120 years by providing customers with advanced cable technologies for the transmission of power and data. In the current scenario, the company provides its customers with a full service that deploys digital technology for the maximization of the effectiveness and efficiency of their vital assets. In February 2023, it secured a contract to supply submarine cables to the PacWave South facility, which is the first-ever grid-connected wave energy test unit in America situated in offshore Oregon. PacWave is an essential move toward sustainable energy shift in the U.S. and has been co-developed by the State of Oregon, Oregon State University, and the U.S. Department of Energy.

3. Fujikura Ltd.

Fujikura Ltd. is a manufacturer, developer, and marketer of products for power systems and telecommunications. Its product catalogue is inclusive of optical cables, optical transceivers, fiber lasers, sensors, magnetic wires, active optical cable assemblies, and others. In November 2021, the wires & cables manufacturer unveiled that its subsidiary AFL has inaugurated a new fiber optic cable unit in Swindon, Wiltshire, to commence the commercial production of Fujikura Air Blown Wrapping Tube Cable by deploying spider webbing. This high-density factory outdoor cable is developed particularly for access network and fiber to the home applications.

4. Belden Inc.

Belden Inc. is a marketer, manufacturer, and designer of cable solutions and products for smart buildings and industrial automation. This result-driven product manufacturer is dedicated to consistent improvement and customer satisfaction. It deploys proven daily standard processes and management practices to all elements of its business to emphasize its key priorities, allowing advanced capabilities and consistent improvement. In May 2024, the company launched new products developed for high-quality and safe performance in mission-critical applications. The launches are inclusive of fire alarm cables, Lumberg Automation connectors, and more.

5. Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. manufactures optical fiber cables and electric wires. It operates in various business segments, including automotive, industrial materials, environment and energy, info-communications, and electronics. In May 2023, the wires & cables manufacturer unveiled its plans to establish an underwater power cable facility in the Scottish Highlands. The facility is poised to generate ~150 jobs while securing an investment worth USD 248.75 million. Moreover, Scotland’s climate targets have generated a significant and rich market for global firms whose services and products aid this transition.

6. Amphenol Corporation

Amphenol Corporation is one of the top wire and cable brands in supplying high-tech sensors, antenna solutions, and high-tech connectors. Its products help revolutionize nearly every end market, such as broadband, information technology and telecommunications, defense, industrial, automotive, mobile devices and mobile networks, and commercial aviation. In March 2024, the company unveiled its high-speed cabling solutions with alternatives to cater to PCIe, EDSFF, OCP specifications and power needs. The PCIeDirectAttached cable growth solution removes PCB traces and throughputs while aiding speeds up to PCIe 5.0 32Gb/s.

7. NKT A/S

NKT A/S is a Denmark-based producer of high, medium, and low-voltage power cable accessories and solutions. Its offshore high-voltage DC cables have gained immense traction. In March 2024, the company secured two underground power cable projects by Amprion, a Germany-based grid operator. Through this deal, the company enhanced its position as a prominent provider of power cable solutions with the shift of Germany toward renewable energy. The company has been selected to offer high-voltage DC and AC cable systems for the current expansion of the German power grid.

8. Havells

Havells India Limited, one of the key FMCG firms and a prominent manufacturer of power distribution equipment, has a robust presence across the globe. Its product portfolio is immense, which includes wires & cables, modular switches, air conditioners, power capacitors, motors, industrial and domestic circuit protection devices, fans, home appliances, electric water heaters, and lighting for commercial, industrial, and residential applications. In May 2024, the company announced that it has initiated the sales of lighting products such as cables, air conditioners, and luminaires in the U.S.

9. Ravicab Cables

Ravicab Cables is a marketer, distributor, and manufacturer of aluminum and copper wires & cables for domestic, specialty, and industrial applications/markets. The company has ISO 9001-2008 certification and more than two years of experience in the industry and possesses two state-of-the-art manufacturing facilities. In October 2023, the product manufacturer announced the acquisition of a 100% stake in Elegar Kerpen, which is located in Pune, India, and previously called Leoni Cable Solutions India Private Limited. The acquired company is an Indian subsidiary of Leoni AG, which is a reputed German 100-year-old cable industry brand.

10. Southwire

Southwire is one of the prominent suppliers, manufacturers, and developers of electrical tools, cables, and construction wires. It consistently makes its products, researches their utilization in industry, and assesses the needs of customers to search for distinct and new methods to solve industrial issues. In October 2023, the company unveiled that it had acquired Genesis Wire & Cable, which is located in Pleasant Prairie, Wis. The acquired firm is one of the key manufacturers of low-voltage cables in America, offering critical connectivity for a diverse range of residential and commercial applications.

Is Transition Toward Green Energy Going to Pave the Path for Wires & Cables Demand?

The Russian Invasion of Ukraine in 2022 has drastically surged energy costs and led to the reorientation of natural gas flows. In this regard, governments have invested ample amounts into renewable energy sources to achieve ambitious clean energy targets, bring energy security, and tackle the prevailing energy crisis in Europe. Moreover, deploying renewable energy for transport, generation of heat in industry and buildings, and electricity generation is vital for the prevention of average global temperature surpassing 1.5°C. With the increasing deployment of renewable energy in the generation of power, the demand for wires & cables distributors and top wire and cable brands is surging to cater to the rising requirements of renewable energy markets.