October 19, 2023 09:58 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 19, 2023 (GLOBE NEWSWIRE) -- The "Insulated Wires and Cables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. polyvinyl chloride wire
The global market for insulated wires and cables is expected to experience significant growth, with an estimated value of US$170.2 billion in 2022 projected to reach approximately US$280.8 billion by 2030.
The growth is anticipated to occur at a compound annual growth rate (CAGR) of 6.5% during the forecast period of 2022-2030. Key insights from the report include:
The report features a total of 195 featured competitors in the insulated wires and cables market, including companies such as:
The global economic outlook is showing signs of improvement, with expectations of growth recovery in the current and next years. While the United States has overcome the recession threat, it is witnessing slowing GDP growth due to tight monetary and financial conditions. The Euro area is experiencing easing headline inflation, which is contributing to increased economic activity. China is expected to see robust increases in GDP as the pandemic threat recedes and the government adjusts its COVID-19 policies. India remains on course to become a US trillion economy by 2030.
However, the economic recovery remains fragile, with challenges including slower-than-expected declines in global headline inflation, persistent food and fuel inflation in many developing countries, and high retail inflation impacting consumer confidence and spending. Governments are addressing these challenges by raising interest rates to combat inflation, potentially slowing down job creation and economic activity. Additionally, a stricter regulatory environment and the push to incorporate climate change considerations into economic decisions add complexity to the global economic landscape.
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/3buxm4
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