Power Cables Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Power Cables 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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Acco r d ing  t o  t h e  l a t es t  r e po r t  by  I M AR C G r oup ,  t i t l ed  " Po w er  Cab l es  M arke t :  
G l o ba l  I ndu st ry  T re nds ,  Sh are ,  S i ze ,  G row t h ,  O pp or t u n i t y  an d  Fo recas t  20 24 -
2032 , "  t he  g loba l  pow er  ca b les  m ar k e t  s i ze  r eache d  US$  176 . 9  B i l l i on  i n  2023 .
Pow er  cab les  a r e  e lec t r i c a l  cab le s  t ha t  a r e  w ide l y  used  f o r  t r ansm iss ion  a nd  
d i s t r i bu t i o n  o f  e lec t r i ca l  ene r gy .  The  t h r ee  m a in  com pone n t s  o f  t he se  ca b les  i nc lu de  
Report t he  condu c t o r ,  d ie lec t r i c ,  and  sh ea t h .  The  i n ne r  a nd  ou t e r  she a t hs  a r e  m a de  f r om  
po l yv iny l  ch lo r i de  c oa t i ng s  t ha t  d o  no t  a l l o w  m o is t u r e  t o  seep  t h r ough .  T h i s  a ids  i n  
Highlight and p r o t ec t i ng  pow er  ca b les  aga in s t  m echa n ica l ,  t he r m a l  an d  env i r onm e n t a l  co nd i t io ns  and  ex t e r na l  i n f l uen ces ,  such  as  f i r e ,  chem ica l s  o r  e lec t r ochem ica l  a t t ac ks .  
Thes e  cab le s  o f f e r  l ong - t e r m  r e l i ab i l i t y  wh i l e  p r ov id ing  exc e l l en t  i ns u la t io n  a nd  
Description cu r r en t  co nduc t i v i t y .  T hey  a r e  i ns t a l l ed  f o r  t he  t r a nsm is s ion  o f  e x t r a  h igh  vo l t a ges  
whe r e  o ve r h ead  l i nes  a r e  im pr ac t i c a l  t o  em p lo y .  T hey  a r e  a l so  used  as  pe r m an en t  
w i r i ng  w i t h in  bu i l d i ngs ,  f o r  t r a nsm i ss ion  p u r pose s  i n  subm ar in es  and  f o r  u t i l i t y  
d i s t r i bu t i o n  ne t wo r k s  i n  u nde r g r ou nd  c ab l i ng .
Reque st  f o r  a  P DF  s ampl e  o f  t h i s  repor t :  
h t t p s : / / www. im ar c g r ou p . com / pow er - c ab les - m ar ke t / r eque s t sam p le
Report Description
Gl o b a l  P o w er  C a b l e s  Ma r k e t  T r e n d s :
T he  ma r k e t  i s  p r i m a r i l y  d r i v e n  b y  t h e  i n c r e a s i n g  d em a n d  f o r  re n e w a b l e  p ow e r  p l a n ts  o n  th e  g l o b a l  l e v e l .  G ov e r n me n t s  o f  
nu m e ro u s  c o un t r i e s  a r e  e n c o u ra g i n g  t h e  u t i l i z a t i o n  o f  c l ea n  e n e r g y  i n  a n  e f f o r t  t o  p r o m o t e  s u s ta i n a b l e  d e v e l op m e n t .  T h i s ,  i n  
t u r n ,  h a s  l ed  t o  t h e  d e v e l op m e n t  o f  n e w  p o w e r  p l a n ts ,  t h e r e b y  f a c i l i t a t i n g  t he  up t a k e  o f  po w e r  c a b l e s .  M o re o v e r ,  h i gh  v o l t a g e  
po w e r  c a b l e s  f o r m  a n  e s s en t i a l  c o m p on e n t  o f  t he  i n te r c o nn e c t o r  a n d  o f f s ho r e  w i n d  p r o j ec t s  f o r  t r an s f e r r i n g  l a r g e  v o l u me s  o f  
po w e r .  A l s o ,  t h e r e  h a s  b ee n  a  r i s i n g  r eq u i r e me n t  f o r  t he  i n s t a l l a t i o n  o f  s m a r t  g r i d s  a c ro s s  t he  g l o b e .  
S u p p o r t e d  b y  t h e  e ve r - i n c r ea s i n g  d e ma n d  f o r  un i n t e r r up t e d  p ow e r  s u p p l y  a c r o s s  t he  re s i d e n t i a l ,  c o m me r c i a l  an d  i n d u s t r i a l  
se g m e n t s ,  t h i s  i s  p r o v i d i n g  a  t h r u s t  t o  t h e  ma r k e t  g r o w t h .  F u r t h e r m o re ,  t e c h n o l og i c a l  a dv a n c em e n t s  i n  ma t e r i a l  s c i en c e s  h a v e  
re s u l t e d  i n  t he  d e v e l op m e n t  o f  i mp r o v ed  s y n th e t i c  i n s u l a t i n g  c o mp o u n ds  t ha t  a r e  ma n u f a c t u r e d  u s i n g  t h e r m o p l as t i c ,  
t he r mo s e t t i n g  a n d  f l uo r o c a rb o n  m a te r i a l s .  T h e s e  s up e r i o r  m a t e r i a l s  a r e  s u i t ab l e  f o r  t h e  p r o d uc t i o n  o f  p o w e r  c a b l e s  w i t h  
ex c e p t i o na l  r e s i l i e nc e  a n d  i mp r o v ed  e f f i c i en c y .  F u r t h e r mo r e ,  t h e  r i s i n g  de m a n d  f o r  u l t r a - h i g h  v o l t a g e  n e t w o r k s  i n  t h e  
ma n u f ac t u r i n g  s e c to r  i s  a c t i n g  as  a n o th e r  m a j o r  g r o w t h - i n d u c i ng  f a c t o r .
L o o k i n g  f o r wa r d ,  t h e  m a r k e t  i s  ex p e c t ed  t o  ex h i b i t  a  C A G R  o f  5 . 2 %  d u r in g  2 0 2 4 - 2 0 32 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w ww . i m a r c g ro u p . co m / p o we r - ca b l e s -m a r k e t
Breakup by Installation:
• Overhead
• Underground
• Submarine Cables
 
Breakup by Voltage:
• High
Report • Medium
Segmentation • Low
Breakup by End-Use Sector:
• Power
• Oil  & Gas
• Chemical
• Manufactur ing
• Metals  & Mining
• Infrastructure
• Transportat ion
• Others
Breakup by Material:
• Copper
• Aluminum
Report 
Segmentation Breakup by Region:
• North America
• Europe
• Asia-Pacifi c
• Lat in America
• Middle East  and Afr ica
• Prysmian S.p.A
• Belden Inc.
• Encore Wire Corporat ion
• Finolex Cables Ltd.
• Fuj ikura Ltd.
Competitive 
• Furukawa Electr ic  Co. ,  Ltd.
Landscape • HENGTONG GROUP CO.,  LTD.
• KEI  Industr ies L imited
with Key 
• LS Cable & System Ltd.
Players • Leoni  AG
• Nexans
• NKT A/S
• Southwire Company,  LLC
• Sumitomo Electr ic  Industr ies,  Ltd.
• TPC Wire & Cable Corp.
How big is the global power cables market?
What is the expected growth rate of the global 
power cables market during 2024-2032?
Key 
Questions What are the key factors driving the global power cables market?
Answered in 
What has been the impact of COVID-19 on the 
the Report global power cables market?
What is the breakup of the global power cables 
market based on the installation?
What is the breakup of the global power cables 
market based on the voltage?
What is the breakup of the global power cables 
market based on the end-use sector?
What is the breakup of the global power cables 
market based on the material?
Key What are the key regions in the global power cables 
market?
Questions 
Answered in Who are the key players/companies in the global power cables market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  P o w e r  C a b l e s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  I n s t a l l a t i o n
    6 . 1     O v e r h e a d
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     U n d e r g r o u n d
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     S u b m a r i n e  C a b l e s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  V o l t a g e
       
     7 . 1     H i g h
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     M e d i u m
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     L o w
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  E n d - U s e  S e c t o r
    8 . 1     P o w e r
Table of         8 . 1 . 1  M a r k e t  T r e n d s        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     O i l  &  G a s
Contents         8 . 2 . 1  M a r k e t  T r e n d s        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     C h e m i c a l
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     M a n u f a c tu r i n g
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
    8 . 5     M e ta l s  &  M i n i n g
        8 . 5 . 1  M a r k e t  T r e n d s
        8 . 5 . 2  M a r k e t  F o r e c a s t     
    8 . 6     I n f r a s t r u c t u r e
        8 . 6 . 1  M a r k e t  T r e n d s
        8 . 6 . 2  M a r k e t  F o r e c a s t
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