Data Bridge Market Research forecasts growth in oil and gas downstream and wire & cable sectors

Data Bridge Market Research released two market forecasts. The global oil and gas downstream market was valued at USD 105.3 billion in 2025 and is projected to reach USD 146.34 billion by 2033, indicating a compound annual growth rate (CAGR) of 4.20% over the period. Key product segments include diesel, gasoline, jet fuel, fuel oil, lubricants and others, with demand driven by transportation, industrial use and emerging‑economy growth.

The firm also projected the global wire and cable market at USD 290.81 billion in 2024, rising to USD 497.81 billion by 2032 – a CAGR of 6.95%. The market is divided by product type (copper, aluminum, fiber‑optic), voltage (low, medium, high) and applications such as power distribution, building construction, automotive and aerospace, reflecting expanding infrastructure and data‑transmission needs.