Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-Axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others) And Competitive Landscape
Product Code: ETC053981 | Publication Date: Feb 2021 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Wires and Cables Market registered a decline of -11.97% in value shipments in 2022 as compared to 2021 and an increase of 1.37% CAGR in 2022 over a period of 2017. In Wires and Cables Market Philippines is becoming less competitive as HHI index in 2022 was 1409 while in 2017 it was 1382. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Philippines has reportedly relied more on imports to meet its growing demand in Wires and Cables Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Wires and Cables Market in 2022 was 6.75 while in 2017 it was 3.54. China, Thailand, Japan, Malaysia and Vietnam were among the top players of the market in 2022, where China acquired the largest market share of 27.65% with a shipment value of 54.63 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 24.42% with the shipment value of 50.52 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Chinaprice is lower than the average price, it provided a significant edge among other competitor in 2017.
Philippines Wires And Cables Market report thoroughly covers the market by voltages, installation, products, and end-users. The Philippines wires and cables market report provides an unbiased and detailed analysis of the ongoing Philippines wires and cables market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Philippines Wires and Cables Market Synopsis
The Philippines Wires And Cables Market is expected to grow at a healthy rate on the back of rapidly growing investment by the government towards the development of infrastructural projects such as Manila Second Airport, Manila Metro Skyway, Mariveles Coal-Fired Power Plant, and Cadiz Solar Power Project. The development of smart cities in the country along with the increase in electronic devices in the household would increase the demand for wires and cables in the Philippines market. Moreover, rising government investment to meet the 100% electrification would result in a surge in market demand for wires and cables in the country.
The market has, no doubt, witnessed a decline due to the massive outbreak of COVID-19. However, the market would recover post-2020. The low voltage market portrays dominance in the Philippines wires and cables market owing to rapid urbanization synergized by increasing demand for reliable power supply which would encourage product growth in the aforementioned segment. The medium voltage segment is anticipated to grow significantly in terms of revenue share due to its application in the oil and gas industry.
According to 6Wresearch, Philippines Wires and Cables Market size is projected to grow at CAGR of 6.4% during 2021-27. The Philippines wires and cables market is projected to secure tremendous growth throughout the forecast period owing to an increase in the growth of the real estate sector. According to the government, BBB programs are estimated to increased expansion of the residential and commercial infrastructure development with the growing population base and tourist visit and is estimated to pose opportunities for the foreign investors to invest potentially. All this growth and expansion of the real estate industry in the coming years is likely to increase the demand for wires and cables and this resulted in the tremendous growth of the Philippines wires and cables market in the years ahead.
Market Analysis by Voltages
In terms of Voltages, low, medium and high-voltage wires and cables have a cumulative share of more than 70% market revenues, with high-voltage wires and cables accounting for the lion share in the overall market. High demand for high voltage cables from end-users such as telecom, power distribution, and aerospace & defense is expected to be the major factor responsible for the growth of wires and cables over the forecast period. Furthermore, trends in the market such as Polymer optic fiber product being widely used in the automotive, electronics, and other industries apart from the telecommunications industry is also bound to increase the wires and cables market of the Philippines during the forecast period.
Market Analysis by Installation
In Philippines Wires and Cables, Overhead wires and cables has led the overall market revenues accounting more than 60% of the market revenues in 2020. Overhead wires and cables would show dominance in the overall Philippines wires and cables market; however, the underground wires and cables would show a spurring growth during the forecast period due to increase in adaptability of underground systems and their added cost benefits for maintenance as compared to overhead wires and cables.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
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1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.2. Market Scope & Segmentation |
2.3. Research Methodology |
2.4. Assumptions |
3. Philippines Wires and Cables Market Overview |
3.1. Philippines Wires and Cables Market Revenues, 2017-2027F |
3.2. Philippines Wires and Cables Market - Industry Life Cycle |
3.3. Philippines Wires and Cables Market - Porter’s Five Forces |
3.4. Philippines Wires and Cables Market Revenue Share, By Voltage, 2020 & 2027F |
3.5. Philippines Wires and Cables Market Revenue Share, By Installation, 2020 & 2027F |
3.6. Philippines Wires and Cables Market Revenue Share, By-Products, 2020 & 2027F |
3.7. Philippines Wires and Cables Market Revenue Share, By End Users, 2020 & 2027F |
4. Philippines Wires and Cables Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Philippines Wires and Cables Market Trend |
6. Philippines Wires and Cables Market Overview, By Voltages |
6.1. Philippines Wires and Cables Market Revenues, By Voltages |
6.1.1. Philippines Low Voltage Wires and Cables Market Revenues, 2017 - 2027F |
6.1.2. Philippines Medium Voltage Wires and Cables Market Revenues, 2017 - 2027F |
6.1.3. Philippines High Voltage Wires and Cables Market Revenues, 2017 - 2027F |
6.1.4. Philippines Extra High Voltage Wires and Cables Market Revenues, 2017 - 2027F |
7. Philippines Wires and Cables Market Overview, By Installation |
7.1. Philippines Wires and Cables Market Revenues, By Installation |
7.1.1. Philippines Over Head Wires and Cables Market Revenues, 2017 - 2027F |
7.1.2. Philippines Underground Wires and Cables Market Revenues, 2017 - 2027F |
8. Philippines Wires and Cables Market Overview, By-Products |
8.1. Philippines Wires and Cables Market Revenues, By-Products |
8.1.1. Philippines Fiber Optic Wires and Cables Market Revenues, 2017 - 2027F |
8.1.2. Philippines Co-Axial Wires and Cables Market Revenues, 2017 - 2027F |
8.1.3. Philippines Other Wires and Cables Market Revenues, 2017 - 2027F |
9. Philippines Wires and Cables Market Overview, By End Users |
9.1. Philippines Wires and Cables Market Revenues, By End Users |
9.1.1. Philippines Aerospace & Defense Wires and Cables Market Revenues, 2017 - 2027F |
9.1.2. Philippines Building & Construction Wires and Cables Market Revenues, 2017 - 2027F |
9.1.3. Philippines Oil & Gas Wires and Cables Market Revenues, 2017 - 2027F |
9.1.4. Philippines Energy & Power Wires and Cables Market Revenues, 2017 - 2027F |
9.1.5. Philippines IT & Telecommunication Wires and Cables Market Revenues, 2017 - 2027F |
9.1.6. Philippines Other Wires and Cables Market Revenues, 2017 - 2027F |
10. Philippines Wires and Cables Key Performance Indicators |
11. Philippines Electrical Equipment and Components Market Opportunity Assessment |
11.1. Philippines Wires and Cables Market Opportunity Assessment, By Voltages, 2027F |
11.2. Philippines Wires and Cables Market Opportunity Assessment, By Installation, 2027F |
11.3. Philippines Wires and Cables Market Opportunity Assessment, By-Products, 2027F |
11.4. Philippines Wires and Cables Market Opportunity Assessment, By End Users, 2027F |
12. Philippines Electrical Equipment and Components Market Competitive Landscape |
12.1. Philippines Wires and Cables Market Revenue Ranking, By Company, 2020 |
12.2. Philippines Wires and Cables Market Competitive Benchmarking, By Operating Parameters & Technical Parameters |
13. Company Profiles |
13.1. Columbia Wire & Cable Corporation |
13.2. Hypertech Wire & Cable, Inc. |
13.3. American Wire & Cable Co., Inc. |
13.4. Phelps Dodge Philippines Energy Products Corporation |
13.5. Hitachi, Ltd. |
13.6. Mega-Tech Wires and Cables, Inc. |
13.7. Associated Wire Corporation of the Philippines |
13.8. Sycwin Coating & Wires Inc. |
13.9. Philflex Wires & Cables Corporation |
13.10. Orion Wire & Cable, Inc. |
14. Key Strategic Recommendations |
15. Disclaimer |
List of Figures |
Figure 1. Philippines Wires and Cables Market Revenues, 2017-2027F ($ Million) |
Figure 2. Philippines Wires and Cables Market Revenue Share, By Voltages, 2020 & 2027F |
Figure 3. Philippines Wires and Cables Market Revenue Share, By Installation, 2020 & 2027F |
Figure 4. Philippines Wires and Cables Market Revenue Share, By-Products, 2020 & 2027F |
Figure 5. Philippines Wires and Cables Market Revenue Share, By End Users, 2020 & 2027F |
Figure 6. Share of Industrial Sector in GDP of Philippines, 2017-2020 |
Figure 7. Philippines Electricity Demand, 2018-2027E (Megawatt) |
Figure 8. Percent Share of Urban Population in Total Population, 2017-2030F |
Figure 9. International Copper Prices, January 2020 - January 2021 ($/metric ton) |
Figure 10. International Aluminum Prices, July 2020 - January 2021 ($/metric ton) |
Figure 11. Philippines Public Infrastructure Spending, 2011-2022F (Percent of GDP) |
Figure 12. Number of Residential Construction Projects, By Type, Q1-Q2 2020 (Units) |
Figure 13. Philippines Value of Residential Construction Projects, By Type, Q1-Q2 2020 ($ Million) |
Figure 14. Number of Non- Residential Construction Projects, By Type, Q1-Q2 2020 (Units) |
Figure 15. Philippines Value of Residential Construction Projects, By Type, Q1-Q2 2020 ($ Million) |
Figure 16. Philippines Distribution of Volume of Construction Projects, By Regions, Q1-Q2 2020 (Units) |
Figure 17. Philippines Wires and Cables Market Opportunity Assessment, By Voltages, 2027F |
Figure 18. Philippines Wires and Cables Market Opportunity Assessment, By Installation, 2027F |
Figure 19. Philippines Wires and Cables Market Opportunity Assessment, By-Products, 2027F |
Figure 20. Philippines Wires and Cables Market Opportunity Assessment, By End Users, 2027F |
Figure 21. Philippines Wires and Cables Market Revenue Ranking, By Companies, 2020 |
Figure 22. Philippines Wires and Cables Market – Ansoff Matrix |
List of Tables |
Table 1. Percent Share of Urban Population of Top 10 Cities, 2020-2030F |
Table 2. Philippines Wires and Cables Market Revenues, By Voltages, 2017-2027F ($ Million) |
Table 3. Philippines Wires and Cables Market Revenues, By Installation, 2017-2027F ($ Million) |
Table 4. Philippines Wires and Cables Market Revenues, By Products, 2017-2027F ($ Million) |
Table 5. Philippines Wires and Cables Market Revenues, By End Users, 2017-2027F ($ Million) |
Table 6. Philippines Infrastructure Sector On-Going Projects, 2021E-2025F |
Table 7. Philippines Residential Sector On-Going Projects, 2021E-2025F |
Table 8. Philippines Commercial Sector On-Going Projects, 2020-2021E |
Table 9. Philippines Programs and Projects Investments Targets, By Islands, 2017-2022 (Peso Million) |