Prysmian reconfirmed #1 Global Wire and Cable Producer

Categories: Corporate

Audit completed of the 100 largest global producers based on 2014 revenues from insulated products

HQ   -   24 Sep 2015

Prysmian reconfirmed #1 Global Wire and Cable Producer

For the second year in a row, Prysmian Group has achieved the number one position in the Integer Research* Top 100 Global Wire & Cable Producer Database 2015 rankings. Strong sales of submarine power cables and fibre optic cables in 2014 helped the company retain the #1 spot ahead of global rival Nexans, even if the gap between these two key players has narrowed noticeably.

The Top 100 producers generated insulated wire and cable revenues of US$110 billion in 2014 representing 51% of the global market. The world insulated wire and cable market reached a total of US$215 billion in 2014.

After Prysmian and Nexans, General Cable, a US company, gained the third place, even if it is close to being overtaken by Sumitomo Electric (Japan), especially if it sells its overseas operations. Southwire (USA) has also continued to rise up the rankings, helped by high demand for cable in the US and a number of acquisitions in recent years.

The ranking of the 100 largest global wire and cable producers includes companies headquartered in the Middle East and North Africa (Riyadh Cable Group, El Sewedy Electric, Al Fanar, Bahra Cables, Elloumi Group and Coficab), confirming a rise in revenues in this part of the globe.

For the first time in seven years, the leading Chinese companies have not risen up the rankings against their global peers. Indeed, leading Chinese cable maker, Far East Smarter Energy (formerly Far East Cable) went down one place compared with the previous year to 14th place in this year’s ranking. Overall, there are 39 Chinese cable makers in the Top 100, and their combined sales grew by less than 1% to reach US$24.7 billion in 2014, reflecting the slowing growth rates in the Chinese economy. In contrast, there has been a continued recovery in the USA and Mexico, with new investment in cable factories and increased merger and acquisition activity in the automotive wire, fibre optic cable and tray cable markets.



*Integer Research is an independent provider of specialist market research and analysis, conferences and events and tailored consultancy services across three core industries: Environment & Emissions, Fertilizers & Chemicals, Wire & Cable. This research acts as a barometer of competition across the wire and cable industry, and provides independently verified rankings of the 100 largest worldwide producers based on revenues derived from insulated products for 2014.