The Global Wire and Cable Market was valued at USD 151.05 Billion in 2022 and is projected to reach USD 176.20 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.2% during the forecast period. This steady growth is underpinned by massive global infrastructure development, the rapid expansion of renewable energy projects, and the relentless demand for high-speed data transmission driven by 5G deployment and IoT proliferation.

As the world becomes increasingly interconnected, the critical role of wire and cable manufacturers in building the backbone of modern society—from power grids and telecommunications networks to smart buildings and electric vehicles—cannot be overstated. In this blog, we profile the Top 10 Companies in the Wire and Cable Industry, showcasing the key players whose innovations and global reach are powering and connecting our future.

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🔟 1. Prysmian Group

Headquarters: Milan, Italy
Key Offering: Energy Cables, Telecom Cables, Systems, and Accessories

Prysmian Group is the world’s largest cable manufacturer, with a formidable presence in over 50 countries. The company specializes in low, medium, and high-voltage cables for the energy sector and advanced optical fibers and cables for telecommunications. Its projects include some of the world’s most ambitious submarine interconnectors and high-voltage direct current (HVDC) links.

Innovation & Sustainability Initiatives:

• Pioneering HVDC and subsea cable technology for offshore wind farms

• Commitment to carbon neutrality by 2035 for Scope 1 and 2 emissions

• Extensive R&D in recyclable and eco-design cable solutions

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9️⃣ 2. Nexans S.A.

Headquarters: Paris, France
Key Offering: Building & Territory, High Voltage & Projects, Telecom & Data

Nexans is a global leader in the cable industry, dedicated to electrifying the future. The company is heavily involved in all three major cable segments: Building & Territories (utilities and construction), High Voltage & Projects (renewable energy grids), and Telecom & Data (broadband networks).

Innovation & Sustainability Initiatives:

• Leading role in the European Green Deal with cable systems for clean energy

• “Electrify the Future” strategy focused on sustainability and digitalization

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8️⃣ 3. Southwire Company, LLC

Headquarters: Carrollton, Georgia, USA
Key Offering: Building Wire, Utility Cable, Industrial Power Cable

As one of North America’s leading wire and cable producers, Southwire is a privately-owned powerhouse. The company manufactures a comprehensive portfolio of electrical cables for construction, industrial, and utility applications, supported by a strong distribution network.

Innovation & Sustainability Initiatives:

• Major investments in copper rod production and recycling facilities

• Commitment to 100% renewable electricity for manufacturing by 2025

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7️⃣ 4. Sumitomo Electric Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Automotive Wire, Energy Cables, Optical Fiber Cables, Electronics

Sumitomo Electric is a diversified global giant with a formidable wire and cable division. The company is a key supplier to the automotive industry and a major player in power transmission, telecommunications, and advanced materials used in cutting-edge electronics.

Innovation & Sustainability Initiatives:

• Development of ultra-high-voltage DC cables and lightweight automotive wiring harnesses

• Focus on eco-friendly products and reduction of greenhouse gas emissions across the value chain

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6️⃣ 5. Furukawa Electric Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Optical Fiber Cables, Metal Products, Functional Products, Energy

Furukawa Electric is a renowned Japanese multinational with a long history in the cable industry. It is a global leader in optical fiber and cable technology, which forms the backbone of internet infrastructure worldwide, alongside its strong presence in energy and automotive sectors.

Innovation & Sustainability Initiatives:

• Innovations in high-capacity, low-loss optical fibers for 5G and data centers

• Active pursuit of carbon neutrality by 2050

Download FREE Sample Report: Wire and Cable Market – View in Detailed Research Report

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5️⃣ 6. General Cable (a Prysmian Group company)

Headquarters: (Operations integrated under Prysmian), Italy
Key Offering: Previously: Building Wire, Power Cables, Communications Cables

Historically a major independent player, General Cable was acquired by Prysmian Group in 2018. Its product lines and technologies have been integrated into Prysmian’s portfolio, significantly enhancing the latter’s footprint in North America and other key markets, particularly in the building wire and utility sectors.

Legacy and Integration:

• Brought extensive manufacturing and distribution assets to Prysmian

• Strengthened Prysmian’s position in the American renewable energy and construction markets

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4️⃣ 7. LS Cable & System

Headquarters: Anyang, South Korea
Key Offering: Power Cables, Communication Cables, Industrial Wires

LS Cable & System is a leading South Korean cable maker with a strong international presence. The company is known for its technological expertise in extra-high-voltage (EHV) underground and submarine cables, making it a critical partner for grid modernization and offshore wind projects, particularly in Asia and the Americas.

Innovation & Sustainability Initiatives:

• Development of superconducting cables and eco-friendly, lead-free materials

• Expansion of global production capacity to meet demand for green energy infrastructure

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3️⃣ 8. Belden Inc.

Headquarters: St. Louis, Missouri, USA
Key Offering: Data Cables, Industrial Connectivity, Broadcast Solutions

Belden is a specialist in signal transmission solutions for mission-critical applications. The company excels in manufacturing high-performance cables and connectivity products for industrial automation, enterprise networks, and broadcasting, where reliability and data integrity are paramount.

Innovation & Sustainability Initiatives:

• Focus on Industrial IoT (IIoT) and smart manufacturing connectivity solutions

• Product designs emphasizing durability, reduced environmental impact, and recyclability

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2️⃣ 9. Leoni AG

Headquarters: Nuremberg, Germany
Key Offering: Wiring Systems, Fiber Optics, Cable Solutions

Leoni is a leading global supplier of cables and cable systems, with a particularly strong position in the automotive industry. The company provides complex wiring systems for vehicles, alongside cables for various industrial and communication applications, though it has undergone restructuring to focus on core strengths.

Innovation & Sustainability Initiatives:

• Specialization in high-voltage wiring for electric vehicles (EVs)

• Strategic realignment to enhance profitability and focus on growth markets like e-mobility

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1️⃣ 10. CommScope Holding Company, Inc.

Headquarters: Hickory, North Carolina, USA
Key Offering: Broadband Network Cables, Fiber Optics, Network Infrastructure

CommScope is a vital player in the wire and cable ecosystem, particularly for telecommunications. The company designs and manufactures the coaxial and fiber optic cables that connect homes and businesses to the internet, playing a crucial role in the rollout of broadband, 5G, and FTTx (Fiber to the x) networks worldwide.

Innovation & Sustainability Initiatives:

• Innovations in high-density fiber optics for 5G small cells and data centers

• Sustainability programs targeting waste reduction and energy efficiency in network deployments

Get Full Report Here: Wire and Cable Market – View in Detailed Research Report

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🌍 Outlook: The Future of Wire and Cable Is Smarter and More Sustainable

The wire and cable market is at the heart of the global digital and energy transitions. While demand for traditional power and building cables remains robust, the industry is rapidly evolving to meet the needs of a decarbonized, hyper-connected world.

📈 Key Trends Shaping the Market:

• Exponential growth in fiber optic deployments for 5G backhaul and FTTH (Fiber to the Home)

• Surge in demand for high-voltage and submarine cables to connect offshore renewable energy to the grid

• Advancements in materials science leading to more durable, efficient, and environmentally friendly cables

• Increased focus on fire safety and low-smoke, zero-halogen (LSZH) cables for public buildings and transportation

Get Full Report Here: Wire and Cable Market – View in Detailed Research Report

The companies listed above are not just manufacturing cables—they are building the essential infrastructure that will power economic growth, enable global communication, and accelerate the transition to a sustainable energy future.