Market Share of Europe Wire And Cable Industry
The European wire and cable market is competitive and fragmented, as it currently consists of various significant players. Some key players are Nexans SA, Prysmian SpA, Leoni AG, TE Connectivity, and TELE-FONIKA Kable SA. Several key players in the market are constantly striving to bring advancements.
- April 2024: NKT AS, a Danish power cable manufacturer, announced a strategic investment of approximately USD 108.5 million (EUR 100 million). This initiative is designed to accelerate its medium-voltage cable production capacity, a move prompted by the surge of demand fueled by grid modernizations and the rise of European renewable energy projects. The company anticipates enhanced production capabilities, with full operational capacity projected for 2026.
- February 2024: Nexans, a player in the global energy transition, announced a significant deal to purchase the renowned La Triveneta Cavi. La Triveneta Cavi, known for its excellence in the European medium- and low-voltage sectors, is headquartered in Italy. The company specializes in producing low-voltage cables for various applications, including building, infrastructure, fire-retardant systems, and renewable energy, distributing its products across 30 countries.
Europe Wire And Cable Market Leaders
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Nexans SA
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Prysmian SPA
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Leoni AG
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TE Connectivity
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TELE-FONIKA Kable S.A.
*Disclaimer: Major Players sorted in no particular order
