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Connecting the World: Materials, Technologies, and Global Markets

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“Wire and Cable: Materials, Technologies, and Global Markets” explores the different materials used to make wires and cables, such as copper, aluminum, and fiber optics. It also looks at the latest technologies that are improving their performance and efficiency. Finally, it covers how the global market for these products is growing, highlighting key regions and industries driving demand, like telecommunications, energy, and construction.”

BOSTON, Dec. 13, 2024 /PRNewswire/ — According to the latest study from BCC research, the demand for Wire and Cable: Materials, Technologies and Global Markets is estimated at $254.0 billion in 2024 and is projected to reach $387.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 8.8% during the forecast period of 2024 to 2029.

The report covers the different types of wires and cables based on voltage (low to extra-high), installation methods (overhead or underground), and materials used (insulation and conductor materials). It also looks at the various industries that use wires and cables, such as power transmission, telecommunications, infrastructure, transportation, electronics, and oil & gas. It breaks down the global market by region North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Revenue estimates are based on manufacturers’ total sales, given in U.S. dollars without adjusting for inflation.

Interesting Facts about Wire and Cable: Materials, Technologies and Global Markets

Environmental Impact: Because making wire and cable uses so much energy and can harm the environment, manufacturers are focusing on recycling, sustainability, and eco-friendly production methods.Space Exploration: Wires and cables play a crucial role in space travel, transmitting data and power in extreme conditions.Global Connectivity: The underwater cables that connect countries to the internet must be able to withstand ocean pressure, corrosion and even bites from marine life.

Factors contributing to the market’s growth include:

Urbanization and infrastructure development.: As more people move to cities, there is an increasing need for new housing, roads, bridges, transportation, water supply, and energy systems. This infrastructure development helps improve living conditions, create jobs, and make cities more efficient and connected.Transition to electric vehicles (EVs).: EVs reduce pollution and the use of fossil fuels. This shift is driven by efforts to protect the environment, improve air quality, and lower transportation costs over time. It also includes building more charging stations and advancing battery technology to make EVs more convenient and efficient.Increased use of renewable energy.: More people and businesses are turning to energy sources that can be naturally replenished, like solar, wind, and hydropower, instead of relying on fossil fuels like coal and oil. This helps reduce pollution and protect the environment, as renewable energy is cleaner and will not run out. It’s an important key step in fighting climate change and creating a more sustainable future.Specialized Use of Wires and Cables: Many manufacturers of wires and cables focus on specialized uses for their products. For example, some manufacturers design wires and cables especially for military hardware, aircraft, charging systems, oilfield instruments, smoke extractor fans, drilling operations, pipeline monitoring, remote control systems, smoke alarms and emergencies, solar panel arrangements, railcars, trolleys, and crane cranes. In the healthcare sector, manufacturers are creating wires and cables for use in in vitro diagnostics, medical markers for X-rays, stents, electrosurgery and guide wires.

Request a Sample Copy of the Report Wire and Cable: Materials, Technologies and Global Markets

Report Synopsis

Report Metric

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$234.1 billion

Market size forecast

$387.3 billion

Growth rate

CAGR of 8.8% for the forecast period of 2024-2029

Segments covered

Installation Type, Voltage Type, Material Type, End-Use, and Region

Regions covered

North America, Europe, Asia-Pacific, South America, Middle East and Africa

Countries covered

China, India, Japan, U.S., Canada, Mexico, Germany, France, U.K., Brazil, Argentina, Saudi Arabia, South Africa, and UAE

Market drivers

•         Urbanization and infrastructure development.

•         Transition to EVs.

•         Increased use of renewable energy.

This report addresses the following questions:

What is the projected market size?
The global wire and cable market was valued at $234.1 billion in 2023 and is projected to grow to $254.0 billion in 2024 and to $387.3 billion by the end of 2029 at a compound annual growth rate (CAGR) of 8.8% during the forecast period.

What are the factors driving the growth of the market?
– Transition of automobiles and transport towards EVs
– Renewable energy expansion
– Urbanization and infrastructure development

 What segments are covered in the report?
The wire and cable market is segmented by voltage type, installation type, material type and end use. The voltage types are low, medium-high, and extra-high. The installation types are overhead and underground. Material types include insulation material and conductor material, with insulation material subsegmented into PVC, XLPE, PE and others, and conductor material subsegmented into copper, aluminum and others. End-use industries include power transmission, infrastructure, telecommunications, transportation, consumer electronics and oil & gas.

Which end-use segment will dominate the market by the end of 2029?
The power transmission segment will be the dominant segment at that time.

Which region has the largest market share?
Asia-Pacific holds the largest share of the market, due to its growing demand for electricity and the rise in investment in infrastructure. The growing government focus on renewable energy resources and EVs further drive the Asia-Pacific market.

Leading companies include:

AMPHENOL CORP.BELDEN INC.BRITISH CABLES CO.FUJIKURA LTD.FURUKAWA ELECTRIC CO. LTD.KEI INDUSTRIES LTD.LS CABLE & SYSTEM LTD.NEXANSNKT A/SPRYSMIANSHENGHUA CABLESOUTHWIRE CO. LLC.SUMITOMO ELECTRIC INDUSTRIES LTD.TFKABLEWASKONIG+WALTER KABEL-WERK GMBH U. CO. KG

Related report:

Global Electric Vehicle Insulation Market: These insulation materials help protect EV components, such as batteries and motors, from heat, cold, and electrical interference. As more people buy EVs worldwide, the need for better insulation increases to improve vehicle safety, efficiency, and performance. This market includes various types of insulation products.

Purchase a copy of the report directly from BCC Research.

For further information or to purchase a report, please contact info@bccresearch.com.

About BCC Research
BCC Research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts’ goal is to help readers make informed business decisions, free of noise and hype.

Contact Us
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Email: info@bccresearch.com
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Zifo Transforms Ontology Engineering with AI-Powered Intelligent Automation

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Advanced AI solution speeds up ontology creation by 80%, generating structured, interoperable knowledge models for science-driven organizations.

CAMBRIDGE, Mass. and CAMBRIDGE, England, April 30, 2026 /PRNewswire/ — Zifo, the leading global enabler of AI and data-driven enterprise informatics for science-driven organizations, has developed an Intelligent Automation solution for Ontology Engineering, which is designed to seamlessly generate structured, interoperable knowledge models while accelerating ontology creation by 80%.

Overcoming the Bottlenecks of Manual Ontology Creation

Manual ontology creation in the biopharma industry has traditionally been a time-consuming process that requires specialized expertise. Organizations frequently struggle with semantic ambiguity, complex integration challenges, and limited scalability, resulting in workflows that can take weeks to complete. Zifo’s AI-powered automation tackles these challenges head-on by eliminating 80% of the manual work through automated class generation, description creation, and precise IRI mapping.

Addressing the Complexities of Semantic Knowledge

Developing comprehensive knowledge models often demands deep domain expertise to define relationships and align terminology. Zifo’s intelligent solution overcomes this by providing an AI-guided workflow featuring an intuitive interface, meaning specialized ontology engineering knowledge is no longer required. By leveraging LLM-powered generation, the solution creates precise definitions with a deep understanding of domain-specific context, while generating standardized synonyms and establishing controlled vocabulary alignment to eliminate inconsistent terminology.

A Solution Designed for Scalable Scientific Data Modeling

The AI-powered solution addresses critical format compatibility and integration points in ontology management:

Seamless Integration: Automated mapping connects directly to established ontologies, including NCIT, CHEBI, OBI, and EFO, via BioPortal and OLS APIs.Massive Scalability: Parallel processing and batch operations empower teams to execute large-scale ontology projects without performance limitations.Automated Hierarchies: The AI autonomously generates semantic relationships and parent-child hierarchies based on domain context and predefined relation vocabularies.Format Compatibility: The solution produces direct OWL/RDF exports with proper URIs, ensuring seamless downstream integration.

Unique Features include:

Multi-Source Integration: The solution combines BioPortal, OLS, and EMBL-EBI APIs to guarantee comprehensive ontology coverage.Intelligent Ranking System: The system uses AI-powered relevance scoring and justification for precise ontology mappings.Precise IRI Mapping: It ensures that each generated class is linked to the correct IRI, directly promoting semantic web compatibility.Human-in-the-Loop Design: The solution automates repetitive tasks while maintaining vital expert oversight.End-to-End Workflow: Users are guided through a complete pipeline, from initial domain knowledge input straight to exportable OWL files.Visual Knowledge Graph: An interactive graph visualization allows for intuitive relationship exploration and validation.Multi-Format Exports: Provides seamless export options in CSV, OWL, or HTML Ontograph formats for downstream use, collaboration, and visualization.

Strategic Value Across the Scientific Chain

This solution breaks down the traditional barriers of data structuring. Built on a robust backend of Python, LangChain, and leading LLM models, alongside a frontend framework using Next.js 15 and Cytoscape.js for graph visualization, the solution is highly adaptable. Furthermore, future optimization enhancements will include provisions for uploading user-defined classes or semi-ready ontologies.

About Zifo

Zifo is the leading global enabler of AI and data-driven enterprise informatics for science-driven organizations. With expertise spanning research, development, manufacturing, and clinical domains, Zifo serves a diverse range of industries including Pharma, Biotech, Chemicals, Food and Beverage, and more. Trusted by over 190 organizations worldwide, Zifo is the partner of choice for advancing digital scientific innovation.

For more information, visit www.zifornd.comhttps://zifornd.com/practical-ai-blueprints/

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SOURCE Zifo Technologies

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UNC-Chapel Hill establishes ‘Carolina in the Capital’ with new Washington, D.C. office

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CHAPEL HILL, N.C., April 30, 2026 /PRNewswire/ — The University of North Carolina at Chapel Hill has opened a new office in Washington, D.C., establishing an expanded presence for the University in the nation’s capital and creating exciting opportunities for students, faculty, staff and alumni.

Located at 101 Constitution Avenue NW, the 10,861-square-foot space – coined “Carolina in the Capital” – will support a variety of functions, including educational programming for undergraduate and graduate students, alumni relations and engagement with government partners.

As a leading R1 university, UNC-Chapel Hill annually attracts more than $1.6 billion to the state’s economy to fund research that creates a better quality of life for all its citizens. More than 60% of UNC-Chapel Hill’s total research funding comes from federal sponsors with the majority of that federal funding coming from the National Institutes of Health (NIH), which is based in the Washington area.

“Carolina in the Capital is a state-of-the-art facility that reflects our commitment to creating experiential learning opportunities for our students and faculty,” said Chancellor Lee H. Roberts. “The space is designed as an immersive learning environment where students can translate classroom knowledge into hands-on experience, which has never been more important. The facility also strengthens our ability to support engagement between our staff, alumni, policymakers and partners.”

Supporting students participating in Carolina’s Washington-based academic programs is a priority. For years, students and faculty have relied on temporary or borrowed spaces across the city. The new office provides a permanent home where students can gather, learn and build community while living and studying in Washington. A robust schedule of classes and events will fill the space throughout the year.

The Washington, D.C. region is home to the largest concentration of out-of-state Carolina alumni anywhere in the country. The new office creates a dedicated space to strengthen those connections and support networking, mentorship, professional development and community-building among D.C.-based Tar Heels.

The space will also serve as a platform to bring Carolina’s research and academic expertise into closer conversation with policymakers, industry leaders and member organizations. Carolina is the nation’s 11th largest university in the country based on research volume with primary federal funding coming from NIH and the National Science Foundation (NSF), both based in the D.C. area. Carolina is a proud member of the Association of American Universities (AAU) and the Association of Public & Land Grant Universities (APLU), which are both based in Washington.

The office is funded entirely through the UNC-Chapel Hill Foundation and does not use any state appropriations.

You can view additional photos of the space here.

Media Contact: UNC Media Relations, 919-445-8555, mediarelations@unc.edu

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SOURCE University of North Carolina at Chapel Hill Office of Communications

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Investing.com Acquires Stonki to Accelerate Its Entry into the Agentic AI Era

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The acquisition strengthens Investing.com’s AI capabilities, advancing a next-generation research assistant that can analyze markets, generate insights, and guide investors in real time

NEW YORK, April 30, 2026 /PRNewswire/ — Investing.com, one of the world’s largest financial platforms used by more than 60 million investors each month, today announced the acquisition of Stonki, an AI-powered investing assistant designed to help traders turn ideas into structured, actionable trading plans.

The move marks a major step in the company’s evolution toward agentic AI, strengthening its ability to deliver faster, deeper, and more actionable market insights to a growing base of more than 300,000 paying subscribers across its InvestingPro suite, the company’s premium subscription offering for advanced market data, tools, and AI-driven insights.

Over the past 12 months, nearly 3 million users have used WarrenAI, Investing.com’s AI-powered financial research assistant launched last year, to perform market analysis, making AI a central entry point into the platform’s ecosystem. With the addition of Stonki, the company is moving beyond traditional AI tools toward agentic systems that can proactively guide users through the investment process.

“We’re entering the age of agentic AI, where the technology moves beyond just answering questions to actively helping investors think, analyze, and act,” said Omer Shvili, CEO of Investing.com. “Bringing Stonki.ai into the fold accelerates our goal of building an agentic platform that will serve as a 24/7 analyst for our users. We are developing this to be more than just a tool; it will be a partner that identifies opportunities, tracks unfolding situations, and surfaces trade ideas even when the user isn’t active—giving our users the kind of edge that was previously only available to professional investors.”

Founded in 2025, Stonki is developing a new category of ‘agentic’ AI for investing, enabling users to turn investment ideas into fully defined strategies with entry and exit conditions, risk management rules, and continuous monitoring.

“We started Stonki because, as investors and traders ourselves, we knew how much time and focus it takes to stay on top of the market and properly manage a day trade, a swing trade, an investment idea, or a portfolio,” said Ulas Bilgenoglu and Itay Verkh, co-founders of Stonki. “We set out to build AI that could carry part of that load by continuously monitoring the market, turning ideas into structured strategies, and helping users make better decisions with clear entry and exit conditions, disciplined risk management, and ongoing tracking. Joining Investing.com gives us the scale, data, reach, and strong AI foundation to accelerate that vision. Together, we can create an experience where AI helps users stay ahead of the market, manage risk, and act with greater confidence.”

The acquisition expands Investing.com’s AI capabilities across both technical and fundamental investing workflows. Stonki’s technology is built around persistent, real-time intelligence, continuously monitoring markets, tracking user-defined strategies, and alerting investors when conditions align, rather than relying on one-off prompts or static analysis.

For active traders, the platform is evolving into a real-time analysis engine designed to support high-frequency decision-making with precision and speed. For long-term investors, it is becoming a central hub for research, enabling users to evaluate opportunities, set personalized alerts, and monitor portfolios based on their individual investment strategies.

Users will be able to define specific conditions, such as a stock crossing a long-term moving average, and have the AI continuously monitor the market, analyze relevant signals, and surface actionable insights in real time. The system will also review portfolios on an ongoing basis, helping investors avoid potential losses and uncover new opportunities aligned with their strategy.

This latest step builds on Investing.com’s broader strategy of expanding its AI-powered suite, including WarrenAI, ProPicks AI, and its recently launched AI Chart Analysis, all aimed at delivering faster, more accurate and more actionable insights to investors.

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SOURCE Investing.com

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