Australia Wire and Cable Market Overview, 2028

Australia Wire and Cable Market Overview, 2028

Australia's wire and cable market is a vibrant and strong business that is vital to the nation's infrastructural growth, industrial applications, and technological breakthroughs. Power cables, communication cables, fibre optic cables, and specialty cables for industries like building and construction, utilities, telecommunications, automotive, and manufacturing are just a few of the items available on the market. Australia's wire and cable market is characterized by stringent regulatory frameworks and adherence to international standards, ensuring the reliability and safety of the products. The industry is driven by the ever-increasing demand for energy-efficient solutions, advancements in telecommunications and data transmission, and the need for reliable and durable infrastructure. There is a growing demand for customized cable solutions that cater to specific industry requirements. This includes fire-resistant cables for building safety, high-speed data cables for telecommunications, and cables designed for harsh industrial environments

According to the research report ""Australia Wire and Cable Market Overview, 2028,"" published by Bonafide Research, The Australia Wire and Cable market is expected to grow at above 8.94% CAGR from 2023 to 2028. The wire and cable market in Australia embodies a culture of excellence, emphasizing the importance of high-quality products and services. Australian manufacturers and suppliers are renowned for their technical expertise, advanced manufacturing capabilities, and commitment to delivering reliable and durable wire and cable solutions. The market culture also embraces sustainability, with an increasing focus on environmentally friendly materials and manufacturing processes. The Australian market benefits from a strong emphasis on sustainability and environmental consciousness. The industry actively promotes the use of environmentally friendly materials and manufacturing processes, aligning with the country's commitment to reduce carbon emissions and promote sustainable practices. The market for wire and cable in Australia is characterised by ongoing innovation. In order to introduce new technologies, materials, and production techniques, manufacturers spend money on research and development. This includes the creation of environmentally friendly cables that have minimal effects on the environment, improvements in fibre optic cable technology for better data transfer, and the incorporation of smart features for increased connection and efficiency.

In Australia, fiber optic cables are expected to witness significant growth in the Australian market as the country continues to invest in digital infrastructure, telecommunications networks, and smart city initiatives. The superior performance and capabilities of fiber optic cables make them a preferred choice for high-speed data transmission and reliable connectivity in various sectors, positioning them for substantial growth in the Australian wire and cable market.Prysmian Group, Olex and Nexans are global wire and cable manufacturer with a presence in the Australian market. Prysm Industries is a local Australian manufacturer of wire and cable products. Low voltage cables are designed to handle voltage levels up to 1000 volts. These cables are commonly used in residential, commercial, and industrial applications for power distribution, lighting, and control systems. They are suitable for transmitting electricity within buildings, connecting appliances, and powering various electrical devices.

The Australian Wiring Rules (AS/NZS 3000) provide guidelines for electrical installations in Australia. These rules cover aspects such as cable sizing, installation methods, earthing requirements, and safety considerations. Certifications are provided by authorized certification bodies, such as SAI Global and TUV Rheinland, ensuring that products meet the necessary safety requirements. Energy efficiency certifications, such as the MEPS (Minimum Energy Performance Standards), are required for certain wire and cable products to demonstrate compliance with energy efficiency regulations. National Electrical and Communications Association (NECA) Trade Shows: NECA organizes trade shows and exhibitions across Australia, focusing on the electrical and communications sectors. Due to factors like infrastructure initiatives, technological developments, and rising demand for dependable and effective electrical and communication networks, the Australian wire and cable market is expected to continue growing and developing. The market is well-positioned to fulfil the changing needs of diverse industries and contribute to the expansion of the Australian economy thanks to a robust regulatory framework, reliable brands, creative solutions, and a focus on sustainability.

Considered in this report:
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Australia wire and Cable with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Installation Type:
• Overhead
• Underground
• Submarine

By End Users:
• Power Infrastructure (Energy, Power Transmission, and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial, and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medium Voltage Cable market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.