Underground Cabling EPC Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 – 2034
The Global Underground Cabling EPC Market was valued at USD 7.4 billion in 2024 and is expected to grow at a CAGR of 5.2% from 2025 to 2034. This growth is driven by factors such as urbanization, increasing energy demands, and a growing focus on aesthetics and environmental concerns. As urban areas expand, the demand for efficient and dependable power distribution systems rises. Underground cabling has become the preferred solution in densely populated areas, offering more reliability and fewer interruptions caused by adverse weather conditions. This makes underground systems ideal for both residential and industrial sectors that depend on continuous power supply.
Governments are investing heavily in upgrading infrastructure, particularly by replacing outdated overhead lines with underground cables. Environmental regulations and efforts to reduce visual pollution are also pushing cities to adopt underground solutions, particularly in residential and commercial districts. Furthermore, advancements in cable manufacturing and installation techniques are making underground cabling more affordable, accelerating its adoption in various sectors.
When looking at configuration, the single-core cable segment is expected to generate USD 6.3 billion by 2034. Single-core cables offer a cost-effective and simpler installation process compared to multi-core cables. This, along with lower maintenance and operational costs, makes them the preferred option for large-scale underground cabling projects, especially in urban infrastructure and industrial settings.
In terms of voltage levels, the low-tension segment in the underground cabling EPC market is projected to grow at a CAGR of 4.4% through 2034. As urbanization intensifies globally, especially in emerging markets, the need for low-voltage power distribution systems in densely populated areas continues to rise. Low-tension underground cables are particularly well-suited to these areas, offering a reliable power distribution solution without the visual impact of overhead lines. Their safety benefits and minimal visual clutter make them increasingly popular in residential, commercial, and industrial settings.
U.S. underground cabling EPC market is expected to generate USD 1.8 billion by 2034. The growing preference for underground power distribution systems is driven by their space-saving and visually appealing nature, especially in urban and suburban areas. As electricity demand increases alongside urban development, underground cabling becomes essential for modernizing power distribution infrastructure to meet the needs of expanding populations and industries.
Governments are investing heavily in upgrading infrastructure, particularly by replacing outdated overhead lines with underground cables. Environmental regulations and efforts to reduce visual pollution are also pushing cities to adopt underground solutions, particularly in residential and commercial districts. Furthermore, advancements in cable manufacturing and installation techniques are making underground cabling more affordable, accelerating its adoption in various sectors.
When looking at configuration, the single-core cable segment is expected to generate USD 6.3 billion by 2034. Single-core cables offer a cost-effective and simpler installation process compared to multi-core cables. This, along with lower maintenance and operational costs, makes them the preferred option for large-scale underground cabling projects, especially in urban infrastructure and industrial settings.
In terms of voltage levels, the low-tension segment in the underground cabling EPC market is projected to grow at a CAGR of 4.4% through 2034. As urbanization intensifies globally, especially in emerging markets, the need for low-voltage power distribution systems in densely populated areas continues to rise. Low-tension underground cables are particularly well-suited to these areas, offering a reliable power distribution solution without the visual impact of overhead lines. Their safety benefits and minimal visual clutter make them increasingly popular in residential, commercial, and industrial settings.
U.S. underground cabling EPC market is expected to generate USD 1.8 billion by 2034. The growing preference for underground power distribution systems is driven by their space-saving and visually appealing nature, especially in urban and suburban areas. As electricity demand increases alongside urban development, underground cabling becomes essential for modernizing power distribution infrastructure to meet the needs of expanding populations and industries.
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021 - 2034
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Strategic dashboard
4.2 Innovation & sustainability landscape
CHAPTER 5 MARKET SIZE AND FORECAST, BY CONFIGURATION, 2021 – 2034 (USD MILLION, MILE)
5.1 Key trends
5.2 Single Core
5.3 Three Core
CHAPTER 6 MARKET SIZE AND FORECAST, BY VOLTAGE LEVEL, 2021 – 2034 (USD MILLION, MILE)
6.1 Key trends
6.2 Low tension
6.3 High tension
6.4 Super tension
6.5 Extra high tension
6.6 Extra super voltage
6.7 Ultra-High tension
CHAPTER 7 MARKET SIZE AND FORECAST, BY CONSTRUCTION, 2021 – 2034 (USD MILLION, MILE)
7.1 Key trends
7.2 Belted
7.3 Screened
7.4 Pressure
CHAPTER 8 MARKET SIZE AND FORECAST, BY INSULATION, 2021 – 2034 (USD MILLION, MILE)
8.1 Key trends
8.2 PVC
8.3 XLPE
8.4 Rubber
CHAPTER 9 MARKET SIZE AND FORECAST, BY INSTALLATION, 2021 – 2034 (USD MILLION, MILE)
9.1 Key trends
9.2 Direct buried
9.3 Trough
9.4 Tunnels
9.5 GILs
CHAPTER 10 MARKET SIZE AND FORECAST, BY REGION, 2021 – 2034 (USD MILLION, MILE)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 France
10.3.3 Germany
10.3.4 Italy
10.3.5 Russia
10.3.6 Spain
10.4 Asia Pacific
10.4.1 China
10.4.2 Australia
10.4.3 India
10.4.4 Japan
10.4.5 South Korea
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 Turkey
10.5.4 South Africa
10.5.5 Egypt
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
CHAPTER 11 COMPANY PROFILES
11.1 Arteche
11.2 Gupta Power
11.3 Kalpataru Power Transmission Limited
11.4 KEC International
11.5 MasTec
11.6 Nexans
11.7 Polycab
11.8 Prysmian Group
11.9 ZTT
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021 - 2034
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Strategic dashboard
4.2 Innovation & sustainability landscape
CHAPTER 5 MARKET SIZE AND FORECAST, BY CONFIGURATION, 2021 – 2034 (USD MILLION, MILE)
5.1 Key trends
5.2 Single Core
5.3 Three Core
CHAPTER 6 MARKET SIZE AND FORECAST, BY VOLTAGE LEVEL, 2021 – 2034 (USD MILLION, MILE)
6.1 Key trends
6.2 Low tension
6.3 High tension
6.4 Super tension
6.5 Extra high tension
6.6 Extra super voltage
6.7 Ultra-High tension
CHAPTER 7 MARKET SIZE AND FORECAST, BY CONSTRUCTION, 2021 – 2034 (USD MILLION, MILE)
7.1 Key trends
7.2 Belted
7.3 Screened
7.4 Pressure
CHAPTER 8 MARKET SIZE AND FORECAST, BY INSULATION, 2021 – 2034 (USD MILLION, MILE)
8.1 Key trends
8.2 PVC
8.3 XLPE
8.4 Rubber
CHAPTER 9 MARKET SIZE AND FORECAST, BY INSTALLATION, 2021 – 2034 (USD MILLION, MILE)
9.1 Key trends
9.2 Direct buried
9.3 Trough
9.4 Tunnels
9.5 GILs
CHAPTER 10 MARKET SIZE AND FORECAST, BY REGION, 2021 – 2034 (USD MILLION, MILE)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 France
10.3.3 Germany
10.3.4 Italy
10.3.5 Russia
10.3.6 Spain
10.4 Asia Pacific
10.4.1 China
10.4.2 Australia
10.4.3 India
10.4.4 Japan
10.4.5 South Korea
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 Turkey
10.5.4 South Africa
10.5.5 Egypt
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
CHAPTER 11 COMPANY PROFILES
11.1 Arteche
11.2 Gupta Power
11.3 Kalpataru Power Transmission Limited
11.4 KEC International
11.5 MasTec
11.6 Nexans
11.7 Polycab
11.8 Prysmian Group
11.9 ZTT
