PUBLISHER: The Business Research Company | PRODUCT CODE: 1668521
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668521
The power and control cable serves as the conduit for energy transmission from a source to machinery, facilitating both energy transfer and signal transmission for measurement, regulation, and automation control. Its primary purpose lies in delivering power from distribution stations to diverse electrical and measurement devices, ensuring seamless functionality.
The primary product types within the realm of power and control cables comprise power cables and control cables. Control cables specifically aid equipment automation, enabling proper functionality. They cater to various voltage requirements such as high, medium, and low voltage, catering to a wide array of applications across utilities, industries, power generation, oil and gas, cement, among others. These cables play a crucial role in ensuring operational efficiency across diverse sectors.
The power and control cable market research report is one of a series of new reports from The Business Research Company that provides power and control cable optical components market statistics, including power and control cable optical components industry global market size, regional shares, competitors with a power and control cable optical components market share, detailed power and control cable optical components market segments, market trends and opportunities, and any further data you may need to thrive in the power and control cable optical components industry. This power and control cable optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The power and control cable market size has grown strongly in recent years. It will grow from$157.44 billion in 2024 to $167.93 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to industrialization boom, urbanization and infrastructure development, energy sector growth, manufacturing expansion, renewable energy integration
The power and control cable market size is expected to see strong growth in the next few years. It will grow to $213.82 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to continued industrial growth, smart cities initiatives, electrification of transportation, upgradation of power grids, telecommunication infrastructure growth. Major trends in the forecast period include energy storage systems, electrification of transportation, focus on energy efficiency, stringent safety and environmental standards, globalization of supply chains.
The increasing adoption of smart grid infrastructure is anticipated to drive the growth of the power and control cable market in the future. Smart grid infrastructure refers to an electricity network that utilizes digital and advanced technologies to monitor and manage the transmission of electricity from various generation sources to fulfill the diverse electrical needs of end users. Power and control cables are integral to this system, supporting robust super grid technology that facilitates the transmission of energy over long distances with minimal power losses. For instance, according to the International Energy Agency, a France-based autonomous intergovernmental organization, investments in smart grids must more than double from approximately $330 billion annually to $750 billion by 2030 to align with the Net Zero Emissions by 2050 (NZE) Scenario, particularly in emerging markets and developing economies (EMDEs). Thus, the growing adoption of smart grid infrastructure is a key driver of the power and control cable market.
The burgeoning energy consumption worldwide is expected to fuel the growth of the power and control cable market. These cables play a critical role in transmitting and distributing electrical power across various applications, contributing significantly to overall power consumption across sectors. According to the U.S. Energy Information Administration (EIA), total end-use electricity consumption in the United States increased by approximately 2.6% in 2022 compared to 2021. Residential and commercial retail electricity sales in the US surged by about 3.5% and 3.4%, respectively, in 2022 compared to the previous year, driving the growth of the power and control cable market.
A notable trend in the power and control cable market is the focus on product innovations by major companies. These innovations aim to fortify market positions by leveraging advanced technologies. For instance, Remee Products Corporation launched the ActivateTM line of PowerPipeTM distribution cables in July 2022. These cables cater to distributed electronics, providing reliable, cost-effective Class 4 fault-managed power supply, thereby supporting digital power technologies essential for smart buildings and diverse applications.
Major companies in the power and control cable market are directing efforts towards developing PCIe connector systems. PCIe connector systems, a standard high-speed serial computer expansion bus, connect hardware devices within computers. Molex LLC, in October 2022, introduced the 'NearStack PCIe Connector System' and 'Cable Assemblies' for next-generation servers. These systems utilize direct-attached cable technology, enhancing signal integrity, reducing latency, and minimizing insertion loss. NearStack PCIe connectivity, replacing traditional paddle-card cable solutions, is optimized for next-generation PCIe Gen-5 and Gen-6 systems.
In October 2022, the German cable manufacturer Hew Kabel completed a merger with Habia Cable. This union aims to consolidate HEW-KABEL and Habia Cable into a unified entity, harnessing the collective technical and commercial prowess of both organizations. The integration intends to establish a prominent specialist cable and connectivity group, positioned to cater to the diverse needs of the global market. Notably, Habia Cable, based in Sweden, specializes in the production of specialized cables, including power cables.
Major companies operating in the power and control cable market include Prysmian SpA, Nexans SA, Polycab India Limited, NKT A/S, Dubai Cable Company Pvt. Ltd., KEI Industries Limited, LS Cable & System Ltd., Sumitomo Electric Industries Ltd., Belden Incorporated, Furukawa Electric Co. Ltd., Southwire Company LLC, Riyadh Cables Group Company, General Cable Technologies Corporation, KEC International Ltd., Encore Wire Corporation, Hengtong Group, Leoni AG, Tyler Madison Inc., Okonite Company, TPC Wire & Cable Corp., Fujikura Ltd., Hitachi Cable Ltd., Walsin Lihwa Corp., Bahra Cables Company, Brugg Cables AG, Anixter International Inc., Tratos Ltd.
North America was the largest region in the power and control cable market in 2024. Asia-Pacific is expected to be the global power and control cable market report during the fastest-growing region. The regions covered in the power and control cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the power and control cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The power and control cable market consists of sales of ribbon electric cables, shielded cables, twisted pair cables, coaxial cables, and fiber optic cables. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Power And Control Cable Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on power and control cable market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for power and control cable ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The power and control cable market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.