Power Cable Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

Persistence Market Research has recently published an extensive report on the global Power Cable Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

Power Cable Market Size (2025E): USD 207744.3 Mn
Projected Market Value (2032F): USD 358091.3 Mn
Global Market Growth Rate (CAGR 2025 to 2032): 8.10%

Power Cable Market - Report Scope:

The Power Cable Market encompasses a wide range of cables used for the transmission and distribution of electrical power. These cables are designed to handle different voltage levels, including low, medium, and high voltage, and are utilized across diverse sectors such as residential, commercial, industrial, and utilities. The market serves critical applications, including energy distribution, grid connectivity, and renewable energy integration. Growth is driven by increasing energy consumption, rapid urbanization, industrialization, and the global transition toward renewable energy sources.

Market Growth Drivers:

Several key factors are driving the global Power Cable Market. The rising demand for reliable and efficient energy transmission and distribution systems underpins market growth. Expansion in renewable energy installations, including solar and wind farms, necessitates the deployment of specialized power cables for grid integration. Technological advancements, such as high-temperature superconducting cables and enhanced insulation materials, are boosting the performance and durability of power cables, further driving adoption. Additionally, increased government investments in infrastructure projects, smart grids, and electrification initiatives significantly contribute to market expansion.

Market Restraints:

Despite promising growth prospects, the Power Cable Market faces challenges related to the high costs associated with advanced cable materials and installation. Market growth can also be hindered by environmental concerns and regulatory complexities surrounding underground and underwater cable installations. The fluctuating prices of raw materials, including copper and aluminum, impact the overall production costs, posing challenges for manufacturers. Addressing these issues requires continued innovation in material science and efficient manufacturing techniques to lower costs and improve sustainability.

Market Opportunities:

The market presents significant opportunities driven by the increasing demand for high-voltage cables to support renewable energy projects and grid modernization. Emerging economies in Asia-Pacific, Latin America, and Africa are witnessing rapid electrification and urbanization, creating substantial demand for power cables. Technological advancements, including the development of submarine power cables for offshore energy transmission, cater to the growing need for efficient long-distance power distribution. Strategic collaborations, investments in R&D, and the adoption of sustainable and recyclable materials offer avenues for market players to capitalize on emerging trends and maintain competitiveness.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Power Cable Market globally?
Which types and applications of power cables are leading adoption across various sectors?
How are technological advancements influencing the competitive landscape of the Power Cable Market?
Who are the key players in the Power Cable Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Power Cable Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Power Cable Market, including Prysmian Group, Nexans, and General Cable, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced power cable solutions, including high-voltage and submarine cables, to meet evolving industry requirements. Collaborations with energy companies, utilities, and governments facilitate market access and promote the adoption of innovative solutions. Emphasis on sustainable practices, high-quality products, and comprehensive marketing strategies fosters market growth and enhances brand loyalty in the evolving Power Cable Market landscape.

Key Companies Profiled:

Prysmian Group
Nexans SA
General Cable Technologies Corporation
Sumitomo Electric Industries Ltd.
Fujikura Ltd.
NKT AS
Encore Wire corporation
Elmeridge Cables Limited
Southwire company LLC
Furukawa Electric Ltd.
Others Vendors ( as per request)

Key Segments of Power Cable Market Research

By Voltage Handling:

High Voltage
Medium Voltage
Low Voltage

By Material:

Copper
Aluminium

By End Use Industry:

Power Transmission
Telecommunication
Refineries and Oil Rigs
Construction
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

Product Code: PMRREP22765

1. Executive Summary

1.1. Global Power Cable Market Snapshot 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply-Side Analysis
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Construction Industry Overview
- 2.3.3. Global Automotive Industry Overview
2.4. Forecast Factors - Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape

3. Market Dynamics

3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends

4. Price Trend Analysis, 2019 - 2032

4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors

5. Global Power Cable Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

5.1. Key Highlights
5.2. Global Power Cable Market Outlook: Installation
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Installation, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Installation, 2025-2032
  - 5.2.3.1. Overhead
  - 5.2.3.2. Underground
  - 5.2.3.3. Submarine
- 5.2.4. Market Attractiveness Analysis: Installation
5.3. Global Power Cable Market Outlook: Cable Type
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Cable Type, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Cable Type, 2025-2032
  - 5.3.3.1. Polyvinyl Chloride (PVC)
  - 5.3.3.2. Polyurethane (PUR)
  - 5.3.3.3. Rubber
  - 5.3.3.4. XLPE
  - 5.3.3.5. Thermoset CPE
  - 5.3.3.6. Others
- 5.3.4. Market Attractiveness Analysis: Cable Type
5.4. Global Power Cable Market Outlook: Voltage
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Voltage, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Voltage, 2025-2032
  - 5.4.3.1. Upto 240V
  - 5.4.3.2. 240V-1kV
  - 5.4.3.3. 1kV-15kV
  - 5.4.3.4. 15kV-100kV
  - 5.4.3.5. 100kV-250kV
  - 5.4.3.6. Above 250kV
- 5.4.4. Market Attractiveness Analysis: Voltage
5.5. Global Power Cable Market Outlook: Application
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Application, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  - 5.5.3.1. Utility
  - 5.5.3.2. Residential
  - 5.5.3.3. Commercial Buildings & Data Centre
  - 5.5.3.4. Manufacturing
  - 5.5.3.5. Railways
  - 5.5.3.6. Automotive
  - 5.5.3.7. Material Handling
  - 5.5.3.8. Others
- 5.5.4. Market Attractiveness Analysis: Application

6. Global Power Cable Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Power Cable Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Installation, 2025-2032
- 7.4.1. Overhead
- 7.4.2. Underground
- 7.4.3. Submarine
7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Cable Type, 2025-2032
- 7.5.1. Polyvinyl Chloride (PVC)
- 7.5.2. Polyurethane (PUR)
- 7.5.3. Rubber
- 7.5.4. XLPE
- 7.5.5. Thermoset CPE
- 7.5.6. Others
7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Voltage, 2025-2032
- 7.6.1. Upto 240V
- 7.6.2. 240V-1kV
- 7.6.3. 1kV-15kV
- 7.6.4. 15kV-100kV
- 7.6.5. 100kV-250kV
- 7.6.6. Above 250kV
7.7. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 7.7.1. Utility
- 7.7.2. Residential
- 7.7.3. Commercial Buildings & Data Centre
- 7.7.4. Manufacturing
- 7.7.5. Railways
- 7.7.6. Automotive
- 7.7.7. Material Handling
- 7.7.8. Others

8. Europe Power Cable Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Installation, 2025-2032
- 8.4.1. Overhead
- 8.4.2. Underground
- 8.4.3. Submarine
8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Cable Type, 2025-2032
- 8.5.1. Polyvinyl Chloride (PVC)
- 8.5.2. Polyurethane (PUR)
- 8.5.3. Rubber
- 8.5.4. XLPE
- 8.5.5. Thermoset CPE
- 8.5.6. Others
8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Voltage, 2025-2032
- 8.6.1. Upto 240V
- 8.6.2. 240V-1kV
- 8.6.3. 1kV-15kV
- 8.6.4. 15kV-100kV
- 8.6.5. 100kV-250kV
- 8.6.6. Above 250kV
8.7. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 8.7.1. Utility
- 8.7.2. Residential
- 8.7.3. Commercial Buildings & Data Centre
- 8.7.4. Manufacturing
- 8.7.5. Railways
- 8.7.6. Automotive
- 8.7.7. Material Handling
- 8.7.8. Others

9. East Asia Power Cable Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Installation, 2025-2032
- 9.4.1. Overhead
- 9.4.2. Underground
- 9.4.3. Submarine
9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Cable Type, 2025-2032
- 9.5.1. Polyvinyl Chloride (PVC)
- 9.5.2. Polyurethane (PUR)
- 9.5.3. Rubber
- 9.5.4. XLPE
- 9.5.5. Thermoset CPE
- 9.5.6. Others
9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Voltage, 2025-2032
- 9.6.1. Upto 240V
- 9.6.2. 240V-1kV
- 9.6.3. 1kV-15kV
- 9.6.4. 15kV-100kV
- 9.6.5. 100kV-250kV
- 9.6.6. Above 250kV
9.7. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 9.7.1. Utility
- 9.7.2. Residential
- 9.7.3. Commercial Buildings & Data Centre
- 9.7.4. Manufacturing
- 9.7.5. Railways
- 9.7.6. Automotive
- 9.7.7. Material Handling
- 9.7.8. Others

10. South Asia & Oceania Power Cable Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Installation, 2025-2032
- 10.4.1. Overhead
- 10.4.2. Underground
- 10.4.3. Submarine
10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Cable Type, 2025-2032
- 10.5.1. Polyvinyl Chloride (PVC)
- 10.5.2. Polyurethane (PUR)
- 10.5.3. Rubber
- 10.5.4. XLPE
- 10.5.5. Thermoset CPE
- 10.5.6. Others
10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Voltage, 2025-2032
- 10.6.1. Upto 240V
- 10.6.2. 240V-1kV
- 10.6.3. 1kV-15kV
- 10.6.4. 15kV-100kV
- 10.6.5. 100kV-250kV
- 10.6.6. Above 250kV
10.7. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 10.7.1. Utility
- 10.7.2. Residential
- 10.7.3. Commercial Buildings & Data Centre
- 10.7.4. Manufacturing
- 10.7.5. Railways
- 10.7.6. Automotive
- 10.7.7. Material Handling
- 10.7.8. Others

11. Latin America Power Cable Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Installation, 2025-2032
- 11.4.1. Overhead
- 11.4.2. Underground
- 11.4.3. Submarine
11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Cable Type, 2025-2032
- 11.5.1. Polyvinyl Chloride (PVC)
- 11.5.2. Polyurethane (PUR)
- 11.5.3. Rubber
- 11.5.4. XLPE
- 11.5.5. Thermoset CPE
- 11.5.6. Others
11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Voltage, 2025-2032
- 11.6.1. Upto 240V
- 11.6.2. 240V-1kV
- 11.6.3. 1kV-15kV
- 11.6.4. 15kV-100kV
- 11.6.5. 100kV-250kV
- 11.6.6. Above 250kV
11.7. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 11.7.1. Utility
- 11.7.2. Residential
- 11.7.3. Commercial Buildings & Data Centre
- 11.7.4. Manufacturing
- 11.7.5. Railways
- 11.7.6. Automotive
- 11.7.7. Material Handling
- 11.7.8. Others

12. Middle East & Africa Power Cable Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Installation, 2025-2032
- 12.4.1. Overhead
- 12.4.2. Underground
- 12.4.3. Submarine
12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Cable Type, 2025-2032
- 12.5.1. Polyvinyl Chloride (PVC)
- 12.5.2. Polyurethane (PUR)
- 12.5.3. Rubber
- 12.5.4. XLPE
- 12.5.5. Thermoset CPE
- 12.5.6. Others
12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Voltage, 2025-2032
- 12.6.1. Upto 240V
- 12.6.2. 240V-1kV
- 12.6.3. 1kV-15kV
- 12.6.4. 15kV-100kV
- 12.6.5. 100kV-250kV
- 12.6.6. Above 250kV
12.7. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 12.7.1. Utility
- 12.7.2. Residential
- 12.7.3. Commercial Buildings & Data Centre
- 12.7.4. Manufacturing
- 12.7.5. Railways
- 12.7.6. Automotive
- 12.7.7. Material Handling
- 12.7.8. Others

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles
- 13.3.1. Prysmian Group
  - 13.3.1.1. Company Overview
  - 13.3.1.2. Product Portfolio/Offerings
  - 13.3.1.3. Key Financials
  - 13.3.1.4. SWOT Analysis
  - 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Nexans SA
- 13.3.3. General Cable Technologies Corporation
- 13.3.4. Sumitomo Electric Industries Ltd.
- 13.3.5. Fujikura Ltd.
- 13.3.6. NKT AS
- 13.3.7. Encore Wire corporation
- 13.3.8. Elmeridge Cables Limited
- 13.3.9. Southwire company LLC
- 13.3.10. Furukawa Electric Ltd.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations