The global market for Single Core Cables was valued at US$9.4 Billion in 2024 and is projected to reach US$10.8 Billion by 2030, growing at a CAGR of 2.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly enhanced the performance and application scope of single core cables. Modern single core cables are manufactured using high-quality materials that offer superior electrical properties, increased thermal stability, and improved resistance to environmental factors such as moisture, chemicals, and UV radiation. Innovations in insulation materials and manufacturing processes have led to cables that can operate efficiently at higher temperatures and in more demanding conditions. Additionally, the introduction of fire-resistant and low-smoke zero halogen (LSZH) cables has improved safety in applications where fire hazards and toxic emissions are a concern. These advancements ensure that single core cables can meet the stringent requirements of contemporary electrical and electronic systems.
The growth in the single core cables market is driven by several factors, including increasing urbanization, rising demand for electricity, and advancements in infrastructure development. As urban areas expand and the demand for reliable power supply grows, the need for efficient electrical wiring solutions, including single core cables, is escalating. The construction of new residential, commercial, and industrial buildings requires extensive electrical installations, further boosting the demand for these cables. Technological advancements that enhance the performance and durability of single core cables are also contributing to market growth. Additionally, the global push towards renewable energy sources and smart grid technologies necessitates advanced wiring solutions to support these modern infrastructures. These trends, combined with increasing investments in electrical infrastructure and the ongoing development of more efficient and environmentally friendly cables, are expected to drive significant growth in the single core cables market in the coming years.
Single Core Cables - Key Trends and Drivers
Single core cables are fundamental components in electrical and electronic systems, consisting of a single conductor encased in an insulating material. These cables are widely used for a variety of applications, including internal wiring of appliances, electrical installations, and control panels. Their design typically involves a single strand of copper or aluminum, chosen for its excellent conductivity, encased in a durable insulating material such as PVC, XLPE, or rubber. The simplicity of single core cables makes them easy to install, maintain, and use in both residential and industrial settings. They are particularly favored in scenarios where flexibility, reliability, and ease of installation are paramount.Technological advancements have significantly enhanced the performance and application scope of single core cables. Modern single core cables are manufactured using high-quality materials that offer superior electrical properties, increased thermal stability, and improved resistance to environmental factors such as moisture, chemicals, and UV radiation. Innovations in insulation materials and manufacturing processes have led to cables that can operate efficiently at higher temperatures and in more demanding conditions. Additionally, the introduction of fire-resistant and low-smoke zero halogen (LSZH) cables has improved safety in applications where fire hazards and toxic emissions are a concern. These advancements ensure that single core cables can meet the stringent requirements of contemporary electrical and electronic systems.
The growth in the single core cables market is driven by several factors, including increasing urbanization, rising demand for electricity, and advancements in infrastructure development. As urban areas expand and the demand for reliable power supply grows, the need for efficient electrical wiring solutions, including single core cables, is escalating. The construction of new residential, commercial, and industrial buildings requires extensive electrical installations, further boosting the demand for these cables. Technological advancements that enhance the performance and durability of single core cables are also contributing to market growth. Additionally, the global push towards renewable energy sources and smart grid technologies necessitates advanced wiring solutions to support these modern infrastructures. These trends, combined with increasing investments in electrical infrastructure and the ongoing development of more efficient and environmentally friendly cables, are expected to drive significant growth in the single core cables market in the coming years.
Report Scope
The report analyzes the Single Core Cables market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Product Type (Control Cables, Power Cables).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Control Cables segment, which is expected to reach US$6.8 Billion by 2030 with a CAGR of a 2.6%. The Power Cables segment is also set to grow at 2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $2.5 Billion in 2024, and China, forecasted to grow at an impressive 4.9% CAGR to reach $2.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bhagyadeep Cables Pvt Ltd., Concab Kabel GmbH, Electra Cables, Finolex Cables Limited, Furukawa Electric Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Single Core Cables Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Single Core Cables Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Single Core Cables Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 36 major companies featured in this Single Core Cables market report include:
- Bhagyadeep Cables Pvt Ltd.
- Concab Kabel GmbH
- Electra Cables
- Finolex Cables Limited
- Furukawa Electric Co., Ltd.
- HELUKABEL GmbH
- Johnson Cab Electricals Pvt., Ltd.
- KEI Wires and Cables
- LEONI Kabel GmbH
- Nexans SA
- NKT A/S
- Nuhas Oman LLC
- Prysmian
- RR Kabel Ltd
- SanHeng Cable Co., Ltd.
- Selcoplast Cables Co. (S.A.E)
- Tekima S.r.l.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bhagyadeep Cables Pvt Ltd.
- Concab Kabel GmbH
- Electra Cables
- Finolex Cables Limited
- Furukawa Electric Co., Ltd.
- HELUKABEL GmbH
- Johnson Cab Electricals Pvt., Ltd.
- KEI Wires and Cables
- LEONI Kabel GmbH
- Nexans SA
- NKT A/S
- Nuhas Oman LLC
- Prysmian
- RR Kabel Ltd
- SanHeng Cable Co., Ltd.
- Selcoplast Cables Co. (S.A.E)
- Tekima S.r.l.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 174 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 9.4 Billion |
| Forecasted Market Value ( USD | $ 10.8 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
