Power And Control Cable Global Market Report 2026

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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the power and control cable market by increasing costs for imported copper, aluminum, polymers, and insulation materials, thereby affecting production expenses for high-, medium-, and low-voltage cables. Regions such as Asia-Pacific, Europe, and North America face supply chain disruptions and pricing volatility, especially in utilities, oil and gas, and industrial applications. However, tariffs are also encouraging domestic material sourcing, investments in cable manufacturing capacity, and innovations in cost-efficient, high-performance cable technologies that support long-term grid modernization.

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The power and control cable market size has grown strongly in recent years. It will grow from $165.69 billion in 2025 to $174.91 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to expansion of utility power distribution networks, increasing demand for industrial automation, growth in oil and gas cabling needs, adoption of low-voltage control systems, development of underground power cable infrastructure.

The power and control cable market size is expected to see strong growth in the next few years. It will grow to $225.29 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for high-voltage transmission upgrades, increasing investment in renewable energy cabling, development of smart grid communication cables, expansion of industrial power requirements, rising need for fire-resistant and eco-friendly cables. Major trends in the forecast period include adoption of intelligent cable monitoring systems, integration of IoT-enabled power distribution, development of sustainable cable materials, automation of cable manufacturing processes, expansion of digitally managed industrial networks.

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.

Major companies operating in the power and control cable market are prioritizing the development of advanced solutions, such as low-carbon distribution and control cables equipped with halogen-free, flame-retardant insulation, to address the increasing demand driven by stricter fire-safety standards, the expansion of renewable-energy grids, and the growth of data-centre infrastructure. The low-carbon distribution and control cable incorporates low-carbon aluminium conductors, recycled plastics for insulation/sheathing, and a halogen-free flame-retardant compound instead of traditional PVC or standard polyethylene cable sheaths. For instance, in May 2023, Nexans S.A., a France-based cable manufacturing company, introduced its low-carbon power-grid cable portfolio in France, consisting of a new line of low-carbon distribution-grid cables that ensure at least a 35% reduction in greenhouse-gas emissions compared to conventional cables, utilize 100% low-carbon aluminium, incorporate up to 50% recycled plastic in insulation/sheath, and are fully produced in France to promote decarbonized electrification.

In April 2024, Prysmian Group, an Italy-based cable manufacturing company, acquired Encore Wire Corporation for $4.15 billion. Through this acquisition, Prysmian sought to accelerate its growth in the North American market and diversify its product portfolio by leveraging Encore Wire's manufacturing and distribution footprint. Encore Wire is a U.S.-based producer of copper and aluminium electrical wires and cables.

Major companies operating in the power and control cable market 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, Anixter International Inc., Tratos Ltd.

North America was the largest region in the power and control cable market in 2025.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, South East Asia, 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, Taiwan, 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 Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses 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, including technological disruption, regulatory shifts, and changing consumer preferences? 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

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
• Subsegments:
• 1) By Power Cable: Low Voltage Power Cables; Medium Voltage Power Cables; High Voltage Power Cables; Underground Power Cables
• 2) By Control Cable: Instrumentation Control Cables; Signal Control Cables; Remote Control Cables; Other Control Cables
• Companies Mentioned: 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.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; 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.
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