Power and Control Cable Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type, Voltage, and Application

List of Tables

The power and control cable market size was valued at US$ 126.78 billion in 2022 and is expected to reach US$ 226.32 billion by 2030; it is estimated to record a CAGR of 7.5% from 2022 to 2030.

The Europe power and control cable market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Electricity transmission networks have become progressively interconnected across Europe, creating one of the largest T&D systems in the world. The region has been heavily investing in upgrading its T&D network. Such developments promote a better interpretation of revenue and energy sharing among the member states, which offers an opportunity that supports the growth in demand for various cables to uplift the grid.

Increasing need for electricity demand across countries such as China, Japan, India, South Korea, Australia and others is augmenting the demand for power and control cable market in Asia Pacific. Furthermore, industries across Asia Pacific were increasingly focus on improving operational efficiencies and boosting the existing power capacities and infrastructure which has increased adoption the power and cable has increased across industries in Asia Pacific. The strong electrification rate and growing demand for power are expected to propel the market's growth in the coming years.

The infrastructure sector in the MEA is growing significantly. Several Middle Eastern countries seek diversification of their country's income source and focus on developing infrastructure in different sectors. The energy sector is one of the most promising sectors in the region which promoted the power and control cable market growth in MEA. South America is strongly focusing on improving its energy production capacity in order to meet the rising demand for electricity which further fuels the power and control cable market growth in SAM.

North America Power and Control Cable Market

North America comprises of economies such as the US, Canada, and Mexico. Per the World Bank, the region presently has a population of ~500 million, with an ever-increasing demand for electricity. Electricity demand is promoting the requirement for the upgradation and expansion of the region's transmission and distribution (T&D) grids which foster the power and control cable market share. Additionally, smart grids are being implemented rapidly in Canada and Mexico to modernize the safe and secure delivery of electricity.

The US electric grid consists of more than 9,200 electric generating units, generating a capacity of above 1 million megawatts and connected through ~965,600 km of transmission lines. However, even with the establishment of such massive infrastructure, the electricity demand is still unmet. Hence, the US Department of Energy (DoE) is constantly focusing on improving the electricity supply infrastructure through the Grid Modernization Initiative (GMI). In August 2023, the DOE announced up to US$ 39 million for projects across DOE's National Laboratories to help modernize the electricity grid. It includes the Medium Voltage Resource Integration Technologies (MERIT) project, led by Oak Ridge National Laboratory (ORNL). MERIT supports the development of cost-effective, modular, and scalable medium voltage (MV) (4.16 kV to 34.5 kV) technologies that can integrate a range of distributed energy resources (solar, wind, fuel cells, etc.) onto the grid. Another similar funding opportunity was announced by the DOE in April 2023, worth US$ 38 million. It included the Power and Controls Electronics (PACE) project, which addressed gaps in "smart" MV electrical interfaces critical to a modernized grid through advances in modular, scalable, and cost-effective MV power and control electronics sub-system approach. Such supportive initiatives from the government are strongly promoting the demand for various cables in the US and propels the US power and control cable market.

The Government of Canada claims that electricity systems will be the backbone of the country's net-zero economy and is committed to achieving its emissions-reduction targets under the Paris Agreement. Hence, the government is promoting the adoption of electric vehicles (EVs) and consumer electronics among the industry stakeholders. In May 2022, Stellantis announced its plan to invest US$ 2.8 billion in two Canadian EV manufacturing plants to increase their production capacity. The governments of Canada and Ontario supported such plans by announcing investments of up to US$ 410.7 million and US$ 398 million, respectively, in the domestic production of EVs and to mitigate the supply chain constraints. With the increasing adoption of EVs in the country, EV charging infrastructure is also gaining momentum. Similarly, citizens have been opting for electric heat pumps over gas/fuel-powered pumps, leading to a boost in demand for electricity consumption. All such factors drive the demand for various power and control cables and fosters power and control cable market in the region.

The electricity T&D infrastructure of Mexico has been under development, and it directly hampers the progress of the clean energy transition strategy. The country is focusing on modernizing and expanding its electrical infrastructure to meet the energy demands of various industries. In April 2023, the Mexican government agreed to purchase 13 power plants from Spanish energy giant Iberdrola in a deal worth ~US$ 6 billion. Post the COVID-19 pandemic, during which several corporations in the region struggled with supply chain distribution, the country has been focusing on offering them a "nearshoring" solution. According to 2022 estimates by the Inter-American Development Bank (IDB), Mexico's share in nearshoring can record US$ 35.3 billion annually. US-based corporations from vital industries that offer products such as batteries, minerals, medical devices, medicines, and semiconductors are interested in mitigating future supply chain challenges by favoring neighboring countries for manufacturing expertise.

Additionally, the Inflation Reduction Act of 2022, passed in the US, allocated US$ 369 billion for investment in sustainable energy and electric battery technology, which also supports nearshoring. Such opportunities are expected to boost the growth of the industrial sector of Mexico in the coming years, leading to a high demand for various power and control cables and fuels the power and control cable market.

Encore Wire Corporation, Furukawa Electric Co Ltd, Hengtong Group, Leoni AG, LS Cable and System Ltd, Nexans SA, Prysmian Group, Riyadh Cables Group, Southwire Company LLC, and Sumitomo Electric Industries Ltd are among the key power and control cable market players profiled during the study on the market. Several other major power and control cable market players were studied and analyzed during this market research study.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the power and control cable market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the power and control cable market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPRE00011819

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Power and Control Cable Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Providers:
- 4.3.2 Power and Control Cable Manufacturers:
- 4.3.3 Distributors:
- 4.3.4 End-Users:
- 4.3.5 Regulatory Bodies:
- 4.3.6 List of Vendors in the Value Chain:

5. Power and Control Cable Market - Key Industry Dynamics

5.1 Power and Control Cable Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Rising Demand for Reliable Electricity
- 5.2.2 Government Norms on Developing Transmission & Distribution Sector
5.3 Market Restraints
- 5.3.1 Availability of Alternative Technologies
5.4 Market Opportunities
- 5.4.1 Increasing Demand for Data Center and Cloud Computing
- 5.4.2 Technological Advancements in Wires and Cables
5.5 Future Trends
- 5.5.1 Expansion of Smart Grid
5.6 Impact of Drivers and Restraints:

6. Power and Control Cable Market - Global Market Analysis

6.1 Power and Control Cable Market Revenue (US$ Million), 2022 - 2030
6.2 Power and Control Cable Market Forecast and Analysis

7. Power and Control Cable Market Analysis - Type

7.1 Power Cable
- 7.1.1 Overview
- 7.1.2 Power Cable Market Revenue, and Forecast to 2030 (US$ Million)
7.2 Control Cable
- 7.2.1 Overview
- 7.2.2 Control Cable Market Revenue, and Forecast to 2030 (US$ Million)

8. Power and Control Cable Market Analysis - Voltage

8.1 Low Voltage
- 8.1.1 Overview
- 8.1.2 Low Voltage Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Medium Voltage
- 8.2.1 Overview
- 8.2.2 Medium Voltage Market Revenue, and Forecast to 2030 (US$ Million)
8.3 High Voltage
- 8.3.1 Overview
- 8.3.2 High Voltage Market Revenue, and Forecast to 2030 (US$ Million)

9. Power and Control Cable Market Analysis - Application

9.1 Utilities
- 9.1.1 Overview
- 9.1.2 Utilities Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Industrial
- 9.2.1 Overview
- 9.2.2 Industrial Market Revenue, and Forecast to 2030 (US$ Million)

10. Power and Control Cable Market - Geographical Analysis

10.1 Overview
10.2 North America: Power and Control Cable Market
- 10.2.1 North America: Revenue, and Forecast to 2030 (US$ Million)
- 10.2.2 North America: Power and Control Cable Market, by Type
- 10.2.3 North America: Power and Control Cable Market, by Voltage
- 10.2.4 North America: Power and Control Cable Market, by Application
- 10.2.5 North America: Power and Control Cable Market, by Key Country
  - 10.2.5.1 US: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.2.5.1.1 US: Power and Control Cable Market, by Type
    - 10.2.5.1.2 US: Power and Control Cable Market, by Voltage
    - 10.2.5.1.3 US: Power and Control Cable Market, by Application
  - 10.2.5.2 Canada: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.2.5.2.1 Canada: Power and Control Cable Market, by Type
    - 10.2.5.2.2 Canada: Power and Control Cable Market, by Voltage
    - 10.2.5.2.3 Canada: Power and Control Cable Market, by Application
  - 10.2.5.3 Mexico: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.2.5.3.1 Mexico: Power and Control Cable Market, by Type
    - 10.2.5.3.2 Mexico: Power and Control Cable Market, by Voltage
    - 10.2.5.3.3 Mexico: Power and Control Cable Market, by Application
10.3 Europe: Power and Control Cable Market
- 10.3.1 Europe: Revenue, and Forecast to 2030 (US$ Million)
- 10.3.2 Europe: Power and Control Cable Market, by Type
- 10.3.3 Europe: Power and Control Cable Market, by Voltage
- 10.3.4 Europe: Power and Control Cable Market, by Application
- 10.3.5 Europe: Power and Control Cable Market, by Key Country
  - 10.3.5.1 Germany: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.3.5.1.1 Germany: Power and Control Cable Market, by Type
    - 10.3.5.1.2 Germany: Power and Control Cable Market, by Voltage
    - 10.3.5.1.3 Germany: Power and Control Cable Market, by Application
  - 10.3.5.2 France: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.3.5.2.1 France: Power and Control Cable Market, by Type
    - 10.3.5.2.2 France: Power and Control Cable Market, by Voltage
    - 10.3.5.2.3 France: Power and Control Cable Market, by Application
  - 10.3.5.3 Italy: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.3.5.3.1 Italy: Power and Control Cable Market, by Type
    - 10.3.5.3.2 Italy: Power and Control Cable Market, by Voltage
    - 10.3.5.3.3 Italy: Power and Control Cable Market, by Application
  - 10.3.5.4 UK: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.3.5.4.1 UK: Power and Control Cable Market, by Type
    - 10.3.5.4.2 UK: Power and Control Cable Market, by Voltage
    - 10.3.5.4.3 UK: Power and Control Cable Market, by Application
  - 10.3.5.5 Russia: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.3.5.5.1 Russia: Power and Control Cable Market, by Type
    - 10.3.5.5.2 Russia: Power and Control Cable Market, by Voltage
    - 10.3.5.5.3 Russia: Power and Control Cable Market, by Application
  - 10.3.5.6 Rest of Europe: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Power and Control Cable Market, by Type
    - 10.3.5.6.2 Rest of Europe: Power and Control Cable Market, by Voltage
    - 10.3.5.6.3 Rest of Europe: Power and Control Cable Market, by Application
10.4 Asia Pacific: Power and Control Cable Market
- 10.4.1 Asia Pacific: Revenue, and Forecast to 2030 (US$ Million)
- 10.4.2 Asia Pacific: Power and Control Cable Market, by Type
- 10.4.3 Asia Pacific: Power and Control Cable Market, by Voltage
- 10.4.4 Asia Pacific: Power and Control Cable Market, by Application
- 10.4.5 Asia Pacific: Power and Control Cable Market, by Key Country
  - 10.4.5.1 Australia: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.4.5.1.1 Australia: Power and Control Cable Market, by Type
    - 10.4.5.1.2 Australia: Power and Control Cable Market, by Voltage
    - 10.4.5.1.3 Australia: Power and Control Cable Market, by Application
  - 10.4.5.2 China: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.4.5.2.1 China: Power and Control Cable Market, by Type
    - 10.4.5.2.2 China: Power and Control Cable Market, by Voltage
    - 10.4.5.2.3 China: Power and Control Cable Market, by Application
  - 10.4.5.3 India: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.4.5.3.1 India: Power and Control Cable Market, by Type
    - 10.4.5.3.2 India: Power and Control Cable Market, by Voltage
    - 10.4.5.3.3 India: Power and Control Cable Market, by Application
  - 10.4.5.4 Japan: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.4.5.4.1 Japan: Power and Control Cable Market, by Type
    - 10.4.5.4.2 Japan: Power and Control Cable Market, by Voltage
    - 10.4.5.4.3 Japan: Power and Control Cable Market, by Application
  - 10.4.5.5 South Korea: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.4.5.5.1 South Korea: Power and Control Cable Market, by Type
    - 10.4.5.5.2 South Korea: Power and Control Cable Market, by Voltage
    - 10.4.5.5.3 South Korea: Power and Control Cable Market, by Application
  - 10.4.5.6 Rest of Asia Pacific: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.4.5.6.1 Rest of Asia Pacific: Power and Control Cable Market, by Type
    - 10.4.5.6.2 Rest of Asia Pacific: Power and Control Cable Market, by Voltage
    - 10.4.5.6.3 Rest of Asia Pacific: Power and Control Cable Market, by Application
10.5 MEA: Power and Control Cable Market
- 10.5.1 MEA: Revenue, and Forecast to 2030 (US$ Million)
- 10.5.2 MEA: Power and Control Cable Market, by Type
- 10.5.3 MEA: Power and Control Cable Market, by Voltage
- 10.5.4 MEA: Power and Control Cable Market, by Application
- 10.5.5 MEA: Power and Control Cable Market, by Key Country
  - 10.5.5.1 South Africa: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.5.5.1.1 South Africa: Power and Control Cable Market, by Type
    - 10.5.5.1.2 South Africa: Power and Control Cable Market, by Voltage
    - 10.5.5.1.3 South Africa: Power and Control Cable Market, by Application
  - 10.5.5.2 Saudi Arabia: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.5.5.2.1 Saudi Arabia: Power and Control Cable Market, by Type
    - 10.5.5.2.2 Saudi Arabia: Power and Control Cable Market, by Voltage
    - 10.5.5.2.3 Saudi Arabia: Power and Control Cable Market, by Application
  - 10.5.5.3 UAE: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.5.5.3.1 UAE: Power and Control Cable Market, by Type
    - 10.5.5.3.2 UAE: Power and Control Cable Market, by Voltage
    - 10.5.5.3.3 UAE: Power and Control Cable Market, by Application
  - 10.5.5.4 Rest of MEA: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.5.5.4.1 Rest of MEA: Power and Control Cable Market, by Type
    - 10.5.5.4.2 Rest of MEA: Power and Control Cable Market, by Voltage
    - 10.5.5.4.3 Rest of MEA: Power and Control Cable Market, by Application
10.6 SAM: Power and Control Cable Market
- 10.6.1 SAM: Revenue, and Forecast to 2030 (US$ Million)
- 10.6.2 SAM: Power and Control Cable Market, by Type
- 10.6.3 SAM: Power and Control Cable Market, by Voltage
- 10.6.4 SAM: Power and Control Cable Market, by Application
- 10.6.5 SAM: Power and Control Cable Market, by Key Country
  - 10.6.5.1 Brazil: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.6.5.1.1 Brazil: Power and Control Cable Market, by Type
    - 10.6.5.1.2 Brazil: Power and Control Cable Market, by Voltage
    - 10.6.5.1.3 Brazil: Power and Control Cable Market, by Application
  - 10.6.5.2 Argentina: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.6.5.2.1 Argentina: Power and Control Cable Market, by Type
    - 10.6.5.2.2 Argentina: Power and Control Cable Market, by Voltage
    - 10.6.5.2.3 Argentina: Power and Control Cable Market, by Application
  - 10.6.5.3 Rest of SAM: Power and Control Cable Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.6.5.3.1 Rest of SAM: Power and Control Cable Market, by Type
    - 10.6.5.3.2 Rest of SAM: Power and Control Cable Market, by Voltage
    - 10.6.5.3.3 Rest of SAM: Power and Control Cable Market, by Application

11. Power and Control Cable Market - Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative

14. Company Profiles

14.1 Belden Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Encore Wire Corp
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Furukawa Electric Co Ltd
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 HENGTONG GROUP CO.,LTD.
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 LEONI AG
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Nexans SA
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Prysmian SpA
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Riyadh Cables Group Co
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Southwire Company LLC
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Sumitomo Electric Industries Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners
15.2 Word Index