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In 2022, the global market for power cables was worth USD 168.30 billion, and it is expected to be worth USD 272.89 billion by 2030, growing at a CAGR of 7.8 percent between 2022 and 2030.
The generated electricity is transmitted to the final use points through power wires. These cables vary in terms of their load bearing capacity and the number of insulation layers they have. The best cable is chosen according to the final purpose. These cables, together with okays, are used at various points in transmission and distribution to regulate the voltage passing via them. Copper and aluminium, due to their high conductivity, are two of the most popular materials used in the production of these cables. Growth possibilities for the power supply cables market may be found in numerous different areas, including the increasing need for electricity, new infrastructure projects, the adoption of renewables like solar and wind, and the expansion of mining and the petroleum and natural gas industries.
A power cable is a type of electrical cable with a protective sheath that contains one or more electrical conductors. The component is used for transmitting electrical energy. Overhead power lines, underground power lines, permanently installed wiring inside structures, and exposed power cables are all viable options. NM-B (nonmetallic sheathed building cable) cords are housed in a thermoplastic sheathing and are intended for use indoors. The growing global trend towards the generation of renewable energy is fueling the expansion of the power cable business. An increase in the building of new power grid infrastructure also increases the need for power cords. Examples include a rise in power cord demand in some developing nations due to inadequate power grid infrastructure for transferring electricity, prompting those nations' governments to prioritise the construction of reliable power grids.
To put it simply, power cables are electrical cables that contain one or more electrical conductors protected by an outer sheath. Their primary function is the transmission of electricity. Electricity lines can be permanently wired into a building, laid overhead, or buried below the earth. Aluminium cables and copper cables are the two main types. This industry is broken down into three distinct submarkets based on where the cables are laid: above ground, below ground, and underwater. However, underground cabling is expected to grow at a faster rate in the years to come as countries in Europe and elsewhere in the world focus on making the transition from overhead to underground wiring. Less gearbox loss, fewer accidents, improved aesthetics, and more safety are just some of the benefits of installing cables underground. Transmission of high power between nations is the primary function of these submerged cables.
From the power plant to the home, electricity travels through power cables. The past decade has seen a rapid increase in urbanisation as a result of the world's growing population. New homes, businesses, and factories have sprung up as a result, all of which require constant access to reliable electrical power. This has resulted in the installation of power lines to reach every consumer in a wide variety of settings. This, together with the fact that several countries intend to electrify their whole populations, presents tremendous prospects for the power cables industry to expand in the years ahead. Electricity is now one of the most fundamental requirements of any modern business. Electricity demand has skyrocketed in recent years due to the exponential growth of companies that consume the resource. In response to increased demand, for instance, automotive industry centres of production have mushroomed all over the globe. As the incidence of medical crises has grown, so has the need for medications. There are new refineries being constructed, prospecting is happening in the hard environment, and the mining industry has grown. Industries on a smaller scale have also been established. The need for cables of varying voltages is a direct result of these phenomena. As existing and new end-use industries grow, the demand for power cables is likely to increase.
Power cable installation need for extensive government oversight and approval. In doing so, careful preparation is required to ensure that accidents and negative environmental impacts are not introduced. The time it takes to have a project approved and funded is another factor that can slow down progress towards goals. The fluctuating costs of inputs used in the production of these cables is another factor that could slow the market's expansion.
Report Coverage
Global Power Cables research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Cables report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Cables competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Cables market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Cables market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Cables market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Belden Incorporated, FINOLEX CABLES LIMITED, Encore Wire Corporation, ABB Ltd, KEI Industries Ltd., Brugg Cables, LAPP North America, Nexans S.A., NKT A/S, TPC Wire & Cable Corp, Prysmian Group (General Cable), Riyadh Cables Group Company, Polycab India Ltd
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Power Cables market based on the below-mentioned segments:
Global Power Cables Market, By Distribution Type
Submarine
Overhead
Underground
Global Power Cables market, By Voltage Rating
Up to 36 kV
37 kV to 100 kV
101 kV to 250 kV
251 kV to 350 kV
351 kV and Above
Global Power Cables Market, By End User
Residential
Commercial
Industrial
Utilities
Global Power Cables market, Regional Analysis
The generated electricity is transmitted to the final use points through power wires. These cables vary in terms of their load bearing capacity and the number of insulation layers they have. The best cable is chosen according to the final purpose. These cables, together with okays, are used at various points in transmission and distribution to regulate the voltage passing via them. Copper and aluminium, due to their high conductivity, are two of the most popular materials used in the production of these cables. Growth possibilities for the power supply cables market may be found in numerous different areas, including the increasing need for electricity, new infrastructure projects, the adoption of renewables like solar and wind, and the expansion of mining and the petroleum and natural gas industries.
A power cable is a type of electrical cable with a protective sheath that contains one or more electrical conductors. The component is used for transmitting electrical energy. Overhead power lines, underground power lines, permanently installed wiring inside structures, and exposed power cables are all viable options. NM-B (nonmetallic sheathed building cable) cords are housed in a thermoplastic sheathing and are intended for use indoors. The growing global trend towards the generation of renewable energy is fueling the expansion of the power cable business. An increase in the building of new power grid infrastructure also increases the need for power cords. Examples include a rise in power cord demand in some developing nations due to inadequate power grid infrastructure for transferring electricity, prompting those nations' governments to prioritise the construction of reliable power grids.
To put it simply, power cables are electrical cables that contain one or more electrical conductors protected by an outer sheath. Their primary function is the transmission of electricity. Electricity lines can be permanently wired into a building, laid overhead, or buried below the earth. Aluminium cables and copper cables are the two main types. This industry is broken down into three distinct submarkets based on where the cables are laid: above ground, below ground, and underwater. However, underground cabling is expected to grow at a faster rate in the years to come as countries in Europe and elsewhere in the world focus on making the transition from overhead to underground wiring. Less gearbox loss, fewer accidents, improved aesthetics, and more safety are just some of the benefits of installing cables underground. Transmission of high power between nations is the primary function of these submerged cables.
From the power plant to the home, electricity travels through power cables. The past decade has seen a rapid increase in urbanisation as a result of the world's growing population. New homes, businesses, and factories have sprung up as a result, all of which require constant access to reliable electrical power. This has resulted in the installation of power lines to reach every consumer in a wide variety of settings. This, together with the fact that several countries intend to electrify their whole populations, presents tremendous prospects for the power cables industry to expand in the years ahead. Electricity is now one of the most fundamental requirements of any modern business. Electricity demand has skyrocketed in recent years due to the exponential growth of companies that consume the resource. In response to increased demand, for instance, automotive industry centres of production have mushroomed all over the globe. As the incidence of medical crises has grown, so has the need for medications. There are new refineries being constructed, prospecting is happening in the hard environment, and the mining industry has grown. Industries on a smaller scale have also been established. The need for cables of varying voltages is a direct result of these phenomena. As existing and new end-use industries grow, the demand for power cables is likely to increase.
Power cable installation need for extensive government oversight and approval. In doing so, careful preparation is required to ensure that accidents and negative environmental impacts are not introduced. The time it takes to have a project approved and funded is another factor that can slow down progress towards goals. The fluctuating costs of inputs used in the production of these cables is another factor that could slow the market's expansion.
Report Coverage
Global Power Cables research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Cables report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Cables competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Cables market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Belden Incorporated, FINOLEX CABLES LIMITED, Encore Wire Corporation, ABB Ltd, KEI Industries Ltd., Brugg Cables, LAPP North America, Nexans S.A., NKT A/S, TPC Wire & Cable Corp, Prysmian Group (General Cable), Riyadh Cables Group Company, Polycab India Ltd |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Power Cables Market from 2021 to 2030.
- Market Forecast for Power Cables Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Power Cables competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Power Cables
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Cables market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Cables market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Belden Incorporated, FINOLEX CABLES LIMITED, Encore Wire Corporation, ABB Ltd, KEI Industries Ltd., Brugg Cables, LAPP North America, Nexans S.A., NKT A/S, TPC Wire & Cable Corp, Prysmian Group (General Cable), Riyadh Cables Group Company, Polycab India Ltd
Primary Target Market
- Market Players of Power Cables
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Power Cables market based on the below-mentioned segments:
Global Power Cables Market, By Distribution Type
Submarine
Overhead
Underground
Global Power Cables market, By Voltage Rating
Up to 36 kV
37 kV to 100 kV
101 kV to 250 kV
251 kV to 350 kV
351 kV and Above
Global Power Cables Market, By End User
Residential
Commercial
Industrial
Utilities
Global Power Cables market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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