Power And Control Cable Market Size, Share, Opportunities, And Trends By Voltage (High Voltage, Medium Voltage, Low Voltage), By Application (Utilities, Industrial), And By Geography - Forecasts From 2025 To 2030

Power And Control Cable Market Size:

The Power And Control Cable Market is expected to grow from USD 138.621 billion in 2025 to USD 189.879 billion in 2030, at a CAGR of 6.50%.

The power and control cable market is a vital segment within the broader electrical cables industry, dedicated to facilitating the efficient transmission of electrical power and signals. This market encompasses various cable types, including power cables for transmitting electricity and control cables for managing equipment functions. Industries heavily rely on these cables for machinery and manufacturing processes, while utilities employ them for widespread power distribution. With the increasing emphasis on renewable energy, power cables play a pivotal role in connecting energy generated from sources like wind and solar farms to the grid. Market growth is driven by factors such as industrialization, and the need for infrastructure upgrades. Highlighting the global expansion efforts, LS Cable & System Ltd., South Korea's premier wire and cable manufacturer, inaugurated its second plant in India in October 2020. This expansion, aimed at meeting the surging demand for coaxial jumper cables in India and other regions, effectively doubled the annual production capacity of LS Cable & System India, a wholly-owned subsidiary of LS Cable & System.

Power And Control Cable Market Growth Drivers:

• Multiple uses of power and control cables in industrial applications

The multiple uses of power and control cables in industrial applications significantly contribute to their role as a substantial growth driver in the power and control cable market. These cables serve as the circulatory system of industrial infrastructure, providing the essential conduits for the seamless transmission of power and control signals that are fundamental to the operation of diverse machinery and equipment. The versatility of power and control cables lies in their ability to cater to a wide array of industrial needs, making them indispensable in various sectors.

According to the Ministry of Statistics and Programme Implementation, in July 2023, India’s manufacturing sector witnessed 4.6% growth in comparison to 3.1% in July 2022. The robust performance underscores the strength and resilience of India's manufacturing sector reflecting sustained growth and competitiveness. This surge stands as a driving force propelling the growth of the power and cable market. This growth is intricately linked to the development of industrial infrastructure, necessitating a robust electrical network supported by power and control cables.

• It is projected that the power and control cable market in the USA will grow steadily. 

Power and control cables are current exporting cables that are used for transmitting and distributing electrical energy from the source to the equipment. Such cables owing to their mechanical, anti-electrical interference, and wear resistance finds high applicability in power grids, and utilities where they are used in undergrowing & overhead energy transmission and automation system. The growing energy production in the United States coupled with favourable initiatives and investments undertaken to improve the grid infrastructure has propelled the need for power and control cables for optimum energy transmission. According to the “Monthly Electricity Statistics” provided by the International Energy Agency in July 2023, electricity production in the United States reached 434,489.2 GWh which signified a 5.3% increase over July 2021’s production volume.

Moreover, besides utilities the power and control cables are also utilized in various industrial applications such as mining & petrochemical refineries, airport lighting, EV charging stations, and earth-moving machineries. The favorable investments for the expansion of such applications have provided a positive outlook for the power and control market in the United States. For instance, according to the International Energy Agency, in 2021, there were 22,000 publicly available fast EV chargers in the United States which represented a significant 29.4% increase in the number of fast EV chargers. 

Power and Control Cable Market Segmentation

• By Type
  • Power Cable
  • Control Cable
• By Material
  • Copper
  • Aluminum
  • Others
• By End-User
  • Residenital
  • Commercial
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Indonesia
    • Thailand
    • Others

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. POWER AND CONTROL CABLE BY TYPE

5.1. Introduction

5.2. Power Cable

5.3. Control Cable

6. POWER AND CONTROL CABLE BY MATERIAL

6.1. Introduction

6.2. Copper

6.3. Aluminum

6.4. Others

7. POWER AND CONTROL CABLE MARKET BY VOLTAGE

7.1. Introduction

7.2. Low Voltage

7.3. Medium Voltage

7.4. High Voltage

8. POWER AND CONTROL CABLE MARKET BY END-USER

8.1. Introduction

8.2. Residenital

8.3. Commercial

8.4. Industrial

9. POWER AND CONTROL CABLE MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Type

9.2.2. By Material

9.2.3. By Voltage

9.2.4. By End-User

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Type

9.3.2. By Material

9.3.3. By Voltage

9.3.4. By End-User

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Type

9.4.2. By Material

9.4.3. By Voltage

9.4.4. By End-User

9.4.5. By Country

9.4.5.1. Germany

9.4.5.2. France

9.4.5.3. United Kingdom

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Type

9.5.2. By Material

9.5.3. By Voltage

9.5.4. By End-User

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Israel

9.5.5.4. Others

9.6. Asia Pacific

9.6.1. By Type

9.6.2. By Material

9.6.3. By Voltage

9.6.4. By End-User

9.6.5. By Country

9.6.5.1. China

9.6.5.2. India

9.6.5.3. Japan

9.6.5.4. South Korea

9.6.5.5. Taiwan

9.6.5.6. Indonesia

9.6.5.7. Thailand

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Belden Inc.

11.2. Multicable Corporation

11.3. Nexans S.A

11.4. Prysmian S.p.A.

11.5. Orient Cables Pvt. Ltd.

11.6. Teldor Cables & Systems Ltd.

11.7. Techno Flex Cables

11.8. CMI Ltd.

11.9. Havells India Ltd.

11.10. Furukawa Electric Co, Ltd. 

11.11. Southwire Company, LLC

11.12. LS Cable & System

11.13. Thermo Cables Pvt. Ltd.

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Belden Inc.

Multicable Corporation

Nexans S.A

Prysmian S.p.A.

Orient Cables Pvt. Ltd.

Teldor Cables & Systems Ltd.

Techno Flex Cables

CMI Ltd.

Havells India Ltd.

Furukawa Electric Co, Ltd. 

Southwire Company, LLC

LS Cable & System

Thermo Cables Pvt. Ltd.