PUBLISHER: IMARC | PRODUCT CODE: 1922797
PUBLISHER: IMARC | PRODUCT CODE: 1922797
The Japan power cables market size reached USD 11,580.2 Million in 2025 . Looking forward, IMARC Group expects the market to reach USD 17,872.6 Million by 2034 , exhibiting a growth rate (CAGR) of 4.94% during 2026-2034 . The market is being driven by the increasing demand for renewable energy infrastructure, urbanization, advancements in smart grid technology, supportive government policies aimed at reducing carbon emissions, rising electric vehicle (EV) sales, and the escalating need for reliable and efficient power distribution networks.
Rise in Renewable Energy and the Elevating Need for High-Voltage Power Cables
Japan's goal of reaching net-zero emissions by 2050 is fueling strong growth in the power cable industry, especially as the country increasingly relies on renewable energy sources like wind, solar, and hydro power. As Japan accelerates its transition to renewables, the demand for high-voltage and specialized power cables, essential for transmitting energy from renewable generation sites to urban and industrial areas, is rising. The government's ambitious renewable energy goals are central to this transition, with Japan aiming to achieve a 36-38% renewable share in its power generation mix by 2030. This shift requires substantial investments in power transmission infrastructure, which directly fuels the need for advanced power cables. Additionally, the growing use of offshore wind energy calls for subsea cables that can handle higher voltages and ensure efficient transmission over long distances. The country is also targeting 10 GW of installed offshore wind capacity by 2030, further stimulating demand for high-voltage cables and driving growth in the power cables market.
To get more information on this market Request Sample
Expansion of EV Infrastructure and the Demand for Charging Station Cables
The rapid adoption of EVs in Japan is significantly driving the demand for power cables, especially for EV charging stations. With Japan aiming to make all new vehicles sold by 2035 electric or hybrid, the infrastructure supporting EVs is expanding rapidly. This includes the installation of a widespread network of EV charging stations, which requires high-quality power cables capable of efficiently delivering power. According to the Japan Automobile Manufacturers Association (JAMA), the number of EVs in Japan is expected to exceed 10 million by 2035, creating a substantial demand for charging infrastructure. As of 2024, Japan had around 54,000 EV charging stations, with plans to increase this number substantially over the near-term. This expansion necessitates the use of high-performance cables capable of handling the high power loads needed for fast-charging stations, while ensuring safety and durability. The shift to EVs is also driving the development of cables for ultra-fast charging, further boosting demand for advanced power cables in Japan's growing EV infrastructure.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.