Power And Control Cable Global Market Report 2024

Description

“Power And Control Cable Global Market Report 2024 ” 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.

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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.

Scope

Markets Covered:

1) By Product Type: Power Cable; Control Cable
2) By Voltage Type: High Voltage; Medium Voltage; Low Voltage
3) By Application: Utilities; Industries; Power; Oil And Gas; Cement; Other Applications
Companies Mentioned: Prysmian SpA; Nexans SA; Polycab India Limited; NKT A/S; Dubai Cable Company Pvt. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

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 $147.25 billion in 2023 to $157.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. Expansion during the historical period was fueled by several factors. Primarily, the surge in industrialization, urbanization, and infrastructure development acted as catalysts for growth. Additionally, the growth in the energy sector, the expansion of manufacturing capabilities, and the integration of renewable energy sources also contributed significantly to this growth trajectory.

The power and control cable market size is expected to see strong growth in the next few years. It will grow to $199.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. Anticipated growth in the upcoming forecast period is primarily driven by several key factors. Firstly, the sustained expansion of industries is expected to play a pivotal role. Additionally, initiatives focused on smart cities, the increasing electrification of transportation, advancements in power grid upgrades, and the growth of telecommunication infrastructure are poised to contribute significantly to this anticipated growth.

The anticipated surge in the power and control cable market is driven by the increasing adoption of smart grid infrastructure. Smart grid systems, employing advanced technology, monitor and regulate electricity transmission efficiently. Power and control cables, equipped with secure super grid technology, are pivotal in constructing dense urban grids for long-distance energy transmission with minimal power loss. Notably, the US investment in electricity grids rose by 9.09% from $77 billion in 2020 to $84 billion in 2021, as per the International Energy Agency, fueling the growth 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 report are 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, Prysmian Group SpA, Anixter International Inc., Tratos Ltd.

North America was the largest region in the power and control cable market in 2023. 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.

Product Code: r12023

1. Executive Summary

2. Power And Control Cable Market Characteristics

3. Power And Control Cable Market Trends And Strategies

4. Power And Control Cable Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Power And Control Cable Market Size and Growth

5.1. Global Power And Control Cable Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Power And Control Cable Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Power And Control Cable Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Power And Control Cable Market Segmentation

6.1. Global Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Power Cable
Control Cable
6.2. Global Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
High Voltage
Medium Voltage
Low Voltage
6.3. Global Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Utilities
Industries
Power
Oil And Gas
Cement
Other Applications

7. Power And Control Cable Market Regional And Country Analysis

7.1. Global Power And Control Cable Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Power And Control Cable Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Power And Control Cable Market

8.1. Asia-Pacific Power And Control Cable Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Power And Control Cable Market

9.1. China Power And Control Cable Market Overview
9.2. China Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Power And Control Cable Market

10.1. India Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Power And Control Cable Market

11.1. Japan Power And Control Cable Market Overview
11.2. Japan Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Power And Control Cable Market

12.1. Australia Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Power And Control Cable Market

13.1. Indonesia Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Power And Control Cable Market

14.1. South Korea Power And Control Cable Market Overview
14.2. South Korea Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Power And Control Cable Market

15.1. Western Europe Power And Control Cable Market Overview
15.2. Western Europe Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Power And Control Cable Market

16.1. UK Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Power And Control Cable Market

17.1. Germany Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Power And Control Cable Market

18.1. France Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Power And Control Cable Market

19.1. Italy Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Power And Control Cable Market

20.1. Spain Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Power And Control Cable Market

21.1. Eastern Europe Power And Control Cable Market Overview
21.2. Eastern Europe Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Power And Control Cable Market

22.1. Russia Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Power And Control Cable Market

23.1. North America Power And Control Cable Market Overview
23.2. North America Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Power And Control Cable Market

24.1. USA Power And Control Cable Market Overview
24.2. USA Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Power And Control Cable Market

25.1. Canada Power And Control Cable Market Overview
25.2. Canada Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Power And Control Cable Market

26.1. South America Power And Control Cable Market Overview
26.2. South America Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Power And Control Cable Market

27.1. Brazil Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Power And Control Cable Market

28.1. Middle East Power And Control Cable Market Overview
28.2. Middle East Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Power And Control Cable Market

29.1. Africa Power And Control Cable Market Overview
29.2. Africa Power And Control Cable Market, Segmentation By Product Type:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Power And Control Cable Market, Segmentation By Voltage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Power And Control Cable Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Power And Control Cable Market Competitive Landscape And Company Profiles

30.1. Power And Control Cable Market Competitive Landscape
30.2. Power And Control Cable Market Company Profiles
- 30.2.1. Prysmian SpA
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Nexans SA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Polycab India Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. NKT A/S
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Dubai Cable Company Pvt. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Power And Control Cable Market Competitive Benchmarking

32. Global Power And Control Cable Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Power And Control Cable Market

34. Power And Control Cable Market Future Outlook and Potential Analysis

34.1 Power And Control Cable Market In 2028 - Countries Offering Most New Opportunities
34.2 Power And Control Cable Market In 2028 - Segments Offering Most New Opportunities
34.3 Power And Control Cable Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer