Dublin, Nov. 06, 2025 (GLOBE NEWSWIRE) -- The "Europe Wires and Cables Market Forecast and Trends 2025-2033" has been added to ResearchAndMarkets.com's offering.
The Europe Wires & Cables Market is anticipated to grow to US$ 102.41 billion by 2033 from US$ 65.9 billion in 2024, with a growth rate of 5.02% during the forecast period 2025-2033. Growth is fuelled by increasing investment in renewable energy, smart grid evolution and infrastructure updating.
Drivers of Growth in the Europe Wires & Cables Market
Renewable Energy Project Expansion
Europe's rapid shift towards renewable energy sources - such as wind, solar, and hydro - requires massive investments in transmission infrastructure. Cables and wires are essential in linking power generation locations with power grids and storage facilities. Offshore wind farms in the UK and Germany, for instance, need long-lasting, high-tolerance cables that will be used in subsea and underground installations. This demand for cleaner energy, as well as EU climate objectives and carbon neutrality ambitions, creates a need for innovative, green cable systems capable of tolerating higher voltage and harsh conditions. In 2023, European Union increased its 2030 renewable energy ambition level from 32% to 42.5% and even set its sights on 45%. It even gave importance to clean energy investments, such as wind and solar, by forcing member states to speed up permits for renewable projects.
Urbanization and Smart Infrastructure Development
Quick urbanization, smart city projects, and infrastructure upgradation throughout Europe are contributing extensively to the wires and cables market. Cities are deploying electric public transport, smart lighting, intelligent traffic systems, and energy-efficient buildings - all of them demanding secure low - and medium-voltage cabling. Governments and private industries are investing in smart grids and broadband infrastructure, adding to the demand for specialized cables. Demand for reliable, high-capacity connections within cities, both in terms of electricity and data, is driving market growth in residential, commercial, and industrial markets. The EU Horizon Mission "Climate-Neutral and Smart Cities by 2030" is investing more than 98 million euros into the systemic transformation of over 100 European cities. These cities include Bergamo, Bologna, Florence, Milan, Padua, Parma, Prato, Rome, and Turin, all of which are aimed at becoming climate neutral by the year 2030.
Increase in Electric Vehicle (EV) Adoption
As Europe drives mass adoption of electric vehicles, there's an increasing demand for EV charging infrastructure, which depends on power and communication cables. Ranging from high-voltage cables in charging points to in-vehicle wiring harnesses, the EV wave is redefining cable demand. Governments throughout Europe are promoting EV infrastructure installation, including highway fast chargers and urban zone smart charging networks. This also drives demand for cables that have better insulation, flexibility, and heat resistance to facilitate electrification in both public and private sectors. The International Energy Agency's 2025 report shows that electric vehicle sales grew by over 25% in 2024, posting over 17 million units. This is an additional 3.5 million electric vehicles sold in 2024 than those sold in 2023, outpacing total sales in 2020.
Challenges in the Europe Wires & Cables Market
Uncertain Raw Material Prices
Wire and cable production core materials such as copper and aluminum experience global price fluctuations, placing a big impact on both the cost of production and profit margins. The European market, which depends on imports for part of the raw materials, is particularly vulnerable to geopolitical tensions and supply chain interruptions. Long-term planning for manufacturers and developers of infrastructure is hindered by price volatility. Further, rising demand for sustainable sourcing and recyclable materials puts a squeeze on sustaining economic as well as environmental performance.
Stringent Regulatory Compliance
Europe's stringent safety, environmental, and quality regulations present compliance hurdles for producers of wire and cable. Compliance with the EU's RoHS, REACH, and CE marking necessitates extensive testing, documentation, and quality control. Failure to comply can lead to fines, product recalls, or limited market access. Global companies selling into Europe face added complexity in terms of regional variation in electrical codes and sustainability rules. These obstacles hinder the introduction of products and necessitate ongoing investment in certification, innovation, and manufacturing upgrades.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2024-2033 |
| Estimated Market Value (USD) in 2024 | $65.9 Billion |
| Forecasted Market Value (USD) by 2033 | $102.41 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Europe |
Key Topics Covered
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Europe Wires & Cables Market
5.1 Historical Market Trends
5.2 Market Forecast
6. Market Share Analysis
6.1 By Cable Type
6.2 By Voltage
6.3 By Installation
6.4 By End User
6.5 By Countries
7. Cable Type
7.1 Low Voltage Energy
7.2 Power Cable
7.3 Fiber Optic Cable
7.4 Signal and Control Cable
7.5 Other Cable Types
8. Voltage
8.1 Low Voltage
8.2 Medium Voltage
8.3 High Voltage
8.4 Extra High Voltage
9. Installation
9.1 Overhead
9.2 Underground
10. End User
10.1 Aerospace & Defense
10.2 Building & Construction
10.3 Oil & Gas
10.4 Energy & Power
10.5 IT & Telecommunication
10.6 Automotive
10.7 Others
11. Country
11.1 France
11.2 Germany
11.3 Italy
11.4 Spain
11.5 United Kingdom
11.6 Belgium
11.7 Netherlands
11.8 Russia
11.9 Poland
11.10 Greece
11.11 Norway
11.12 Romania
11.13 Portugal
11.14 Rest of Europe
12. Value Chain Analysis
13. Porter's Five Forces Analysis
13.1 Bargaining Power of Buyers
13.2 Bargaining Power of Suppliers
13.3 Degree of Competition
13.4 Threat of New Entrants
13.5 Threat of Substitutes
14. SWOT Analysis
14.1 Strength
14.2 Weakness
14.3 Opportunity
14.4 Threats
15. Pricing Benchmark Analysis
16. Key Players Analysis
16.1 Belden Inc.
16.2 Eaton Corporation
16.3 Encore Wire Corporation
16.4 Finolex Cables.
16.5 Fujikura Ltd.
16.6 Furukawa Electric Co. Ltd.
16.7 KEI Industries Limited.
16.8 Nexans
16.9 Sumitomo Corporation
16.10 American Wire Group
For more information about this report visit https://www.researchandmarkets.com/r/2boruh
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