Global Power Cables Market to be Driven by the Growing Electrification Needs, in the Forecast Period of 2020-2025


The new report by Expert Market Research titled, ‘Global Power Cables Market Growth, Size, Share, Price Trends, Industry Analysis, Report and Forecast 2020-2025’, gives an in-depth analysis of the global power cables market, assessing the market based on its segments like materials, voltage, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

The key highlights of the report include:

Market Overview (2015-2025)

1. Historical Cables Market Size (2019): USD 149 Billion
2. Global Cables Market Forecast CAGR (2020-2025): 4.10%
3. Forecast Cables Market Size (2025): USD 190.77 Billion

Request a free sample copy in PDF or view report summary@

The fast-growing population, coupled with an increase in urbanisation is driving the global power cables market. As the global economy is growing, there is a projected increase in infrastructure projects, which is expected to support the global market for power cables. Growing urbanisation would also increase the electrification needs, which will contribute to the growth of the industry. The move to underground cables is also expected to help boost the global demand for power cables, with funding from numerous policy initiatives. The industry also depends on continuous grid preserving and upgrading the old infrastructure. These factors are likely to aid the global power cables market in the coming years.

Explore full report with table of contents@

Industry Definition and Major Segments

Power cables are electrical cables containing one or more electrical conductors that carry a sheath. This is primarily used for the transmission of electric power. Power cables are installed in buildings or placed overhead or underground as part of a permanent wiring.

By material, the industry can be divided into:

1. Aluminium
2. Copper

Based on voltage, the market can be segmented into:

1. Low Voltage
2. Medium Voltage
3. High Voltage

Check out our latest study on Saudi Arabia Low Voltage Electric Motor Market

On the basis of applications, the industry can be categorised into:

1. Power Transmission
2. Utilities
3. Telecommunication
4. Infrastructure
5. Others

By regions, the market is segmented into:

1. North America
2. Europe
3. Middle East and Africa
4. Asia Pacific
5. Latin America

Market Trends

Global initiatives, including various government schemes supporting the utilisation and rapid growth of renewable and sustainable energy resources of green energy sources, would contribute to the increased demand for cables. Power cables are commonly used in offshore wind projects with high voltage cables for the transmission of large amounts of electricity. The related demands for grid extension and infrastructure stabilization would also benefit the sector globally, with the growth of renewable energy projects. The move to the generating facilities located farther from the consumption area would further drive the industry growth. These market trends are likely to propel the market growth further.

Related Reports

Cable Accessories Market –

Sensing Cable Market –

Wires and Cables Market –

HDMI Cable Market –

Cable Assembly Market –

Barite Market –

Silicon Photonics Market –

Stroboscope Market –

Arc Welding Equipment Market –

Portable Media Players Market –

Key Market Players

The major players in the market are General Cables (Prysmian Group), Nexans Group, Belden Inc., Sumitomo Electric Industries, Ltd, Furukawa Electric Co., Ltd, LS Cables & System Ltd., KEI Industries Ltd., The Okonite Company Inc., International Wire Group, and Hitachi Cables, Ltd. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Max Smith, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

Leave a Reply

Your email address will not be published. Required fields are marked *