The Latin America Wire And Cable Market size is estimated at USD 8.86 billion in 2024, and is expected to reach USD 11.60 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
There is growing renewable energy production, increasing reserves in smart grid technology, and regional government initiatives to upgrade the distribution and transmission systems responsible for market proliferation. In the past few years, content and cloud providers have attempted to attract more customers and offer bandwidth-intensive services, increasing the popularity of submarine infrastructure. The lifespan of a submarine cable is expected to be 25 years.
The Latin America wire and cable market is highly fragmented due to the presence of major players like Acome, Alubar, Brascopper, Cabelauto, and Cablena. Players in the market are adopting strategies, such as partnerships and acquisitions, to enhance their product offerings and gain sustainable competitive advantage.
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