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The world's mainstream market for power wire and cable

2 years ago 1337 0 News

世界電纜.jpg


World cable mainstream market


The world's wire and cable overall demand growth is expected to slow to 2% in 2015, among them, the special cable become the main growth point in the wire and cable market.

Future period, wire and cable markets around the world will be no more than 3% of moderate and stable growth. 

Small economies will provide more opportunities, such as the growth rate of 10% in the Philippines, and 8% in Bangladesh.

Africa Libya can appear even growth rate of 26%, although affected by war constraints on economic growth, Africa is still a rapid development of the market power and construction industry, so the demand for wire and cable will achieve strong growth.


Libya, Nigeria, and Morocco in Africa are expected to achieve strong growth over the next five years in the wire and cable industry's major markets. 

Iraq may also have a 6% growth, but the size of the market will still be below the diamond group. 

Arab countries or institutions, especially the gulf cooperation committee policies will continue to promote the construction of infrastructure. 

Of course, the Middle East economy may risk a lot if international oil prices continue to remain at the levels of less than $80 a barrel.

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