【Cable News】 According to the latest report published by Transparency Market Research, the annual growth rate of the wire and cable market in the world between 2018 and 2026 is approximately 4.1%. It is estimated that until 2026, the global demand for wires and cables will reach 235.9 billion dollars.

The report believes that the global wire and cable market will continue to be affected by a variety of macroeconomic and industry-specific factors. The Asia Pacific region can continue to be at the forefront of global demand, the market in the region grew at an annual rate of 4.8% during the forecast period.

China has a large number of wire and cable manufacturers, and its production volume is more than double that of the second largest producer of wires and cables. In addition to China, India, South Korea and Japan are expected to make significant contributions to the wire and cable market in the Asia Pacific region. Due to the mature wire and cable market in Europe and America, market share is expected to decrease slightly by 2026.