Pune, India, Aug. 21, 2023 (GLOBE NEWSWIRE) — The global wires and cables market size is anticipated to hit USD 294.73 billion by 2029 and exhibit a CAGR of 5.7% during the forecast period. The rising demand for renewable energy generation, coupled with growing investments in distribution and transmission of electric power are expected to amplify the market growth. Fortune Business Insights has presented this information in its report titled, “Global Wires and Cables Market, 2023-2029”. The market size stood at USD 181.28 billion in 2021 and USD 200.23 billion in 2022. Additionally, the escalating demand from IT facilities and data centers is projected to be a key trend stimulating the market growth during the forecast period.Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 
(GlobeNewsWire)