The power and control cable market size has grown strongly in recent years. It will grow from $157.44 billion in 2024 to $167.93 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to industrialization boom, urbanization and infrastructure development, energy sector growth, manufacturing expansion, renewable energy integration.
The power and control cable market size is expected to see strong growth in the next few years. It will grow to $213.82 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to continued industrial growth, smart cities initiatives, electrification of transportation, upgradation of power grids, telecommunication infrastructure growth. Major trends in the forecast period include energy storage systems, electrification of transportation, focus on energy efficiency, stringent safety and environmental standards, globalization of supply chains.
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.
The burgeoning energy consumption worldwide is expected to fuel the growth of the power and control cable market. These cables play a critical role in transmitting and distributing electrical power across various applications, contributing significantly to overall power consumption across sectors. According to the U.S. Energy Information Administration (EIA), total end-use electricity consumption in the United States increased by approximately 2.6% in 2022 compared to 2021. Residential and commercial retail electricity sales in the US surged by about 3.5% and 3.4%, respectively, in 2022 compared to the previous year, driving the growth of the power and control cable market.
A notable trend in the power and control cable market is the focus on product innovations by major companies. These innovations aim to fortify market positions by leveraging advanced technologies. For instance, Remee Products Corporation launched the ActivateTM line of PowerPipeTM distribution cables in July 2022. These cables cater to distributed electronics, providing reliable, cost-effective Class 4 fault-managed power supply, thereby supporting digital power technologies essential for smart buildings and diverse applications.
Major companies in the power and control cable market are directing efforts towards developing PCIe connector systems. PCIe connector systems, a standard high-speed serial computer expansion bus, connect hardware devices within computers. Molex LLC, in October 2022, introduced the ‘NearStack PCIe Connector System’ and ‘Cable Assemblies’ for next-generation servers. These systems utilize direct-attached cable technology, enhancing signal integrity, reducing latency, and minimizing insertion loss. NearStack PCIe connectivity, replacing traditional paddle-card cable solutions, is optimized for next-generation PCIe Gen-5 and Gen-6 systems.
In October 2022, the German cable manufacturer Hew Kabel completed a merger with Habia Cable. This union aims to consolidate HEW-KABEL and Habia Cable into a unified entity, harnessing the collective technical and commercial prowess of both organizations. The integration intends to establish a prominent specialist cable and connectivity group, positioned to cater to the diverse needs of the global market. Notably, Habia Cable, based in Sweden, specializes in the production of specialized cables, including power cables.
Major companies operating in the power and control cable market include 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 2024. 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, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
The power and control cable market research report is one of a series of new reports that provides power and control cable optical components market statistics, including power and control cable optical components industry global market size, regional shares, competitors with a power and control cable optical components market share, detailed power and control cable optical components market segments, market trends and opportunities, and any further data you may need to thrive in the power and control cable optical components industry. This power and control cable optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
This product will be delivered within 3-5 business days.
The power and control cable market size is expected to see strong growth in the next few years. It will grow to $213.82 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to continued industrial growth, smart cities initiatives, electrification of transportation, upgradation of power grids, telecommunication infrastructure growth. Major trends in the forecast period include energy storage systems, electrification of transportation, focus on energy efficiency, stringent safety and environmental standards, globalization of supply chains.
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.
The burgeoning energy consumption worldwide is expected to fuel the growth of the power and control cable market. These cables play a critical role in transmitting and distributing electrical power across various applications, contributing significantly to overall power consumption across sectors. According to the U.S. Energy Information Administration (EIA), total end-use electricity consumption in the United States increased by approximately 2.6% in 2022 compared to 2021. Residential and commercial retail electricity sales in the US surged by about 3.5% and 3.4%, respectively, in 2022 compared to the previous year, driving the growth of the power and control cable market.
A notable trend in the power and control cable market is the focus on product innovations by major companies. These innovations aim to fortify market positions by leveraging advanced technologies. For instance, Remee Products Corporation launched the ActivateTM line of PowerPipeTM distribution cables in July 2022. These cables cater to distributed electronics, providing reliable, cost-effective Class 4 fault-managed power supply, thereby supporting digital power technologies essential for smart buildings and diverse applications.
Major companies in the power and control cable market are directing efforts towards developing PCIe connector systems. PCIe connector systems, a standard high-speed serial computer expansion bus, connect hardware devices within computers. Molex LLC, in October 2022, introduced the ‘NearStack PCIe Connector System’ and ‘Cable Assemblies’ for next-generation servers. These systems utilize direct-attached cable technology, enhancing signal integrity, reducing latency, and minimizing insertion loss. NearStack PCIe connectivity, replacing traditional paddle-card cable solutions, is optimized for next-generation PCIe Gen-5 and Gen-6 systems.
In October 2022, the German cable manufacturer Hew Kabel completed a merger with Habia Cable. This union aims to consolidate HEW-KABEL and Habia Cable into a unified entity, harnessing the collective technical and commercial prowess of both organizations. The integration intends to establish a prominent specialist cable and connectivity group, positioned to cater to the diverse needs of the global market. Notably, Habia Cable, based in Sweden, specializes in the production of specialized cables, including power cables.
Major companies operating in the power and control cable market include 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 2024. 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, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
The power and control cable market research report is one of a series of new reports that provides power and control cable optical components market statistics, including power and control cable optical components industry global market size, regional shares, competitors with a power and control cable optical components market share, detailed power and control cable optical components market segments, market trends and opportunities, and any further data you may need to thrive in the power and control cable optical components industry. This power and control cable optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Power and Control Cable Market Characteristics3. Power and Control Cable Market Trends and Strategies4. Power and Control Cable Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Power and Control Cable Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Power and Control Cable Market34. Recent Developments in the Power and Control Cable Market
5. Global Power and Control Cable Growth Analysis and Strategic Analysis Framework
6. Power and Control Cable Market Segmentation
7. Power and Control Cable Market Regional and Country Analysis
8. Asia-Pacific Power and Control Cable Market
9. China Power and Control Cable Market
10. India Power and Control Cable Market
11. Japan Power and Control Cable Market
12. Australia Power and Control Cable Market
13. Indonesia Power and Control Cable Market
14. South Korea Power and Control Cable Market
15. Western Europe Power and Control Cable Market
16. UK Power and Control Cable Market
17. Germany Power and Control Cable Market
18. France Power and Control Cable Market
19. Italy Power and Control Cable Market
20. Spain Power and Control Cable Market
21. Eastern Europe Power and Control Cable Market
22. Russia Power and Control Cable Market
23. North America Power and Control Cable Market
24. USA Power and Control Cable Market
25. Canada Power and Control Cable Market
26. South America Power and Control Cable Market
27. Brazil Power and Control Cable Market
28. Middle East Power and Control Cable Market
29. Africa Power and Control Cable Market
30. Power and Control Cable Market Competitive Landscape and Company Profiles
31. Power and Control Cable Market Other Major and Innovative Companies
35. Power and Control Cable Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Power and Control Cable Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on 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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Description
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? The power and control cable market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, 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.
- 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- 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. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- 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 trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Power Cable; Control Cable2) 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 Cables2) By Control Cable: Instrumentation Control Cables; Signal Control Cables; Remote Control Cables; Other Control Cables
Key Companies Mentioned: Prysmian SpA; Nexans SA; Polycab India Limited; NKT a/S; Dubai Cable Company Pvt. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; 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 Segmentation: 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.
Delivery Format: PDF, Word and Excel Data Dashboard.
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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 167.93 Billion |
| Forecasted Market Value ( USD | $ 213.82 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 27 |
