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Power Cable Market Trends and Forecast
The future of the energy cable market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The global power cable market is expected to reach an estimated $69 billion by 2027 with a CAGR of 5.1% from 2021 to 2027. The major drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Power Cable Market by Voltage, End Use Industries, and Installation
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the power cable market report, please download the report brochure.
Power Cable Market by Segments
Power Cable Market by Segment
The study includes a forecast for the global power cable market by voltage type, end use industries, installation, and region as follows:
Power Cable Market by Voltage Type [$M shipment analysis for 2016 – 2027]:
  • Low Voltage
  • Medium Voltage
  • High Voltage
Power Cable Market by End Use Industries Market [$M shipment analysis for 2016 – 2027]:
  • Utilities
  • Industrial
  • Residential
  • Commercial
Power Cable Market by Installation [$M shipment analysis for 2016-2027]:
  • Overhead
  • Underground
  • Submarine
Power Cable Market by Region [Value ($M) shipment analysis for 2016 – 2027]:
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • The Rest of the World
List of Power Cable Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power cable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power cable companies profiled in this report includes.
Power Cable Market Insight
  • Lucintel forecasts that low voltage cable is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in construction as well as automotive sector, especially in China and India.
  • Utilities are expected to remain the largest end use market due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand. The residential segment is expected to witness the highest growth in the forecast period supported by increasing construction activities and increasing demand for heating, cooling, and air-conditioning (HVAC) equipment..
  • Asia Pacific is expected to remain the largest market over the forecast period due toe conomic expansion, industrialization, urbanization, and rural electrification projects, particularly in India and China, are leading the demand for energy cables.
Features of Power Cable Market
  • Market Size Estimates: Power cable market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by voltage type, end use industry, and installation.
  • Regional Analysis: Power cable market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different voltage type, end use industry, installation, and regions for the power cable market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the power cable market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the power cable market size?
Answer: The global power cable market is expected to reach an estimated $69 billion by 2027
Q2. What is the growth forecast for power cable market?
Answer: The power cable market is expected to grow at a CAGR of 5.1% from 2021 to 2027.  
Q3. What are the major drivers influencing the growth of the power cable market?
Answer: The major drivers for this market growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.  
Q4. What are the major applications or end use industries for power cable?
Answer: Utilities and residential are the major end use industries for power cable.          
Q5. Who are the key power cable companies?
Answer: Some of the key power cable companies are as follows:
  • Prysmian Group
  • Nexans S.A.
  • Leoni AG
  • NKT A/S
  • Sumitomo Electric Industries
  • Encore Wire Corporation
  • KEI Industries Limited
  • Southwire
Q7.Which power cable product segment will be the largest in future?
Answer: Lucintel forecasts that low voltage cable is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in construction, especially in China and India.
Q8: In power cable market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global power cable market by voltage type (low voltage cables, medium voltage cables, and high voltage cables),  end use industry (utilities, industrial, residential, and commercial), installation (overhead, underground, and submarine), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
 
For any questions related to power cable market or related to power cable companies, power cable market share, power cable market analysis, power cable market size, write Lucintel analyst at email:
helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Global Power Cable Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Global Power Cable Market Trends and Forecast
3.3 Global Power Cable Market by Voltage Type
3.3.1: Low Voltage 
3.3.2: Medium Voltage
3.3.3: High Voltage 
3.4: Global Power Cable Market by End Use Industry
3.4.1: Utilities
3.4.2: Industrial
3.4.3: Residential
3.4.4: Commercial
3.5: Global Power Cable Market by Installation
3.5.1: Overhead 
3.5.2: Underground 
3.5.3: Submarine
 
4. Market Trends and Forecast Analysis by Region 
4.1: Global Power Cable Market by Region
4.2: North American Power Cable Market
4.2.1: Market by Voltage Type: Low Voltage Cables, Medium Voltage Cables, and High Voltage Cables 
4.2.2:Market by End Use Industry: Utilities, Industrial, Residential, and Commercial
4.2.3: United States Power Cable Market
4.2.4: Canadian Power Cable Market
4.2.5: Mexican Power Cable Market
4.3: European Power Cable Market
4.3.1: Market by Voltage Type: Low Voltage Cables, Medium Voltage Cables, and High Voltage Cables 
4.3.2:Market by End Use Industry: Utilities, Industrial, Residential, and Commercial
4.3.3: French Power Cable Market
4.3.4: United Kingdom Power Cable Market 
4.3.5: German Power Cable Market
4.3.6: Italian Power Cable Market
4.4: APAC Power Cable Market
4.4.1: Market by Voltage Type: Low Voltage Cables, Medium Voltage Cables, and High Voltage Cables 
4.4.2:Market by End Use Industry: Utilities, Industrial, Residential, and Commercial
4.4.3: Chinese Power Cable Market
4.4.4: South Korean Power Cable Market
4.4.5: Japanese Power Cable Market
4.4.6: Indian Power Cable Market
4.5: ROW Power Cable Market
4.5.1: Market by Voltage Type: Low Voltage Cables, Medium Voltage Cables, and High Voltage Cables 
4.5.2:Market by End Use Industry: Utilities, Industrial, Residential, and Commercial
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Power Cable Market by Voltage Type
6.1.2: Growth Opportunities for the Global Power Cable Market by End Use Industry
6.1.3: Growth Opportunities for the Global Power Cable Market by Installation
6.1.4: Growth Opportunities for the Global Power Cable Market by Region
6.2: Emerging Trends in the Global Power Cable Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Energy Cable Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Energy Cable Market
6.3.4: Certifications and Licensing
6.3.5: Technology Development
 
7. Company Profiles of Leading Players
7.1: Prysmian Group
7.2: Nexans S.A.
7.3: Leoni AG
7.4: NKT A/S
7.5: Sumitomo Electric Industries
7.6: Encore Wire Corporation
7.7: KEI Industries Limited
7.8: Southwire
 
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107 figures/charts and 68 tables are provided in this 205 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served 1,000+ clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive search of published works, market and database information with industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges and forecasts in the market. Below is a brief summary of primary interviews conducted by both job function and region.


Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis on it. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of the Lucintel research process.

 

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