According to the report published by Allied Market Research, the global the power cable market generated $148.6 billion in 2021, and is estimated to reach $277.8 billion by 2031, witnessing a CAGR of 6.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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The report offers a detailed segmentation of the global power cable market based on distribution type, voltage rating, end use, and region.
Based on distribution type, the overhead segment held the largest share of around three-fifths of the global power cable market in 2021, and would maintain its leadership in terms of revenue through 2031. However, the submarine segment is estimated to witness the fastest CAGR of 10.3% during the forecast period. The report also studies the underground segment.
Based on voltage rating, the up to 36 kV segment was the largest in 2021, capturing more than half of the global power cable market, and would rule the roost through 2031. However, the 351 kV and above segment is estimated to witness the fastest CAGR of 10.0% during the forecast period. The report also analyzes the 37 kV to 100 kV, 101 kV to 250 kV, and 251 kV to 350 kV segments.
The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on end use, the residential segment was the largest in 2021, grabbing nearly one-third of the global power cable market. However, the utilities segment is estimated to dominate in terms of revenue and witness the fastest CAGR of 7.7% during the forecast period. The report also studies the commercial and industrial segments.
Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than two-fifths of the global power cable market and would maintain its dominance in terms of revenue during the forecast period. However, the market in LAMEA would manifest the highest CAGR of 7.9% from 2022 to 2031. The other regions analyzed in the study include North America and Europe.
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Leading players of the global power cable market analyzed in the research include Riyadh Cables Group Company, Prysmian Group (General Cable), LAPP North America, Nexans S.A., Brugg Cables, NKT A/S, FINOLEX CABLES LIMITED, Encore Wire Corporation, Polycab India Ltd., KEI Industries Ltd., TPC Wire & Cable Corp, ABB Ltd., and Belden Incorporated
The report analyzes these key players of the global power cable market. These players have adopted various strategies such as acquisition, contracts, collaborations, partnerships, product launches, product developments, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Power Cable Market Report Highlights
| Aspects | Details |
|---|---|
| Market Size By 2031 | USD 277.8 billion |
| Growth Rate | CAGR of 6.4% |
| Forecast period | 2021 – 2031 |
| Report Pages | 270 |
| By Distribution Type | SubmarineOverheadUnderground |
| By Voltage Rating | Up to 36 kV37 kV to 100 kV101 kV to 250 kV251 kV to 350 kV351 kV and Above |
| By End Use | ResidentialCommercialIndustrialUtilities |
By Region:
• North America (U.S., Canada, and Mexico)
• Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East and Africa)
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