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Power Cables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 143 pages | ID: PBBDD0516F19EN
IMARC Group

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The global power cables market size reached US$ 166.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 236.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Power cables, also known as power cords, are electrical cables comprising one or more conductors held together with an overall sheath. They are commonly used in power transmission and distribution to electronic devices, such as computers, printers, monitors, and heating, ventilation, and air conditioning (HVAC) systems. They can withstand high working voltage, transmit large currents, adapt to different environments, and provide the right amount of insulation and current conductivity. As they are widely utilized in tunnels, indoors, cable ditches, pipelines, and flammable and severely corroded areas, the demand for power cables are escalating across the globe.

Power Cables Market Trends:
The surging consumption of electricity around the world and the rising focus on upgrading the existing grid infrastructure are the major factors positively influencing the demand for power cables. In addition, expanding construction in the residential, commercial, and industrial spaces is contributing to the market growth. Moreover, the growing upgradation and remodeling activities in airports, shopping malls, offices, and stores are catalyzing the demand for durable power cables. Furthermore, the rising sales of vehicles on account of rapid urbanization and improving income levels of individuals are driving the use of power cables to help with the functioning of different devices in the automotive industry. Apart from this, the increasing need for advanced power cables to improve the condition and enhance the productivity and safety of mining equipment is creating a positive outlook for the market. Besides this, power cables are widely employed in the chemical industry as they offer high mechanical resilience and good resistance to chemical agents and oil.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global power cables market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on installation, voltage, end-use sector and material.

Breakup by Installation:

Overhead
Underground
Submarine Cables

Breakup by Voltage:

High
Medium
Low

Breakup by End-Use Sector:

Power
Oil & Gas
Chemical
Manufacturing
Metals & Mining
Infrastructure
Transportation
Others

Breakup by Material:

Copper
Aluminum

Breakup by Region:

North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Prysmian S.p.A, Belden Inc., Encore Wire Corporation, Finolex Cables Ltd., Fujikura Ltd., Furukawa Electric Co., Ltd., HENGTONG GROUP CO., LTD., KEI Industries Limited, LS Cable & System Ltd., Leoni AG, Nexans, NKT A/S, Southwire Company, LLC., Sumitomo Electric Industries, Ltd., TPC Wire & Cable Corp., etc.

Key Questions Answered in This Report:

How has the global power cables market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global power cables market?
What is the breakup of the market based on the installation?
What is the breakup of the market based on the voltage?
What is the breakup of the market based on the end-use sector?
What is the breakup of the market based on the material?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global power cables market and who are the key players?
What is the degree of competition in the market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL POWER CABLES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY INSTALLATION

6.1 Overhead
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Underground
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Submarine Cables
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY VOLTAGE

7.1 High
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Medium
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Low
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY END-USE SECTOR

8.1 Power
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Oil & Gas
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Chemical
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Manufacturing
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Metals & Mining
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Infrastructure
  8.6.1 Market Trends
  8.6.2 Market Forecast
8.7 Transportation
  8.7.1 Market Trends
  8.7.2 Market Forecast
8.8 Others
  8.8.1 Market Trends
  8.8.2 Market Forecast

9 MARKET BREAKUP BY MATERIAL

9.1 Copper
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Aluminum
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Europe
  10.2.1 Germany
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 France
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 United Kingdom
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 Italy
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Spain
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Russia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Asia Pacific
  10.3.1 China
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 Japan
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 India
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 South Korea
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Australia
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Indonesia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Argentina
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
  10.4.4 Colombia
    10.4.4.1 Market Trends
    10.4.4.2 Market Forecast
  10.4.5 Chile
    10.4.5.1 Market Trends
    10.4.5.2 Market Forecast
  10.4.6 Peru
    10.4.6.1 Market Trends
    10.4.6.2 Market Forecast
  10.4.7 Others
    10.4.7.1 Market Trends
    10.4.7.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Turkey
    10.5.1.1 Market Trends
    10.5.1.2 Market Forecast
  10.5.2 Saudi Arabia
    10.5.2.1 Market Trends
    10.5.2.2 Market Forecast
  10.5.3 Iran
    10.5.3.1 Market Trends
    10.5.3.2 Market Forecast
  10.5.4 United Arab Emirates
    10.5.4.1 Market Trends
    10.5.4.2 Market Forecast
  10.5.5 Others
    10.5.5.1 Market Trends
    10.5.5.2 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

12.1 Overview
12.2 Inbound Logistics
12.3 Operations
12.4 Outbound Logistics
12.5 Marketing and Sales
12.6 Service

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE INDICATORS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Prysmian S.p.A
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Belden Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Encore Wire Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
  15.3.4 Finolex Cables Ltd.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
  15.3.5 Fujikura Ltd.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Furukawa Electric Co., Ltd.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 HENGTONG GROUP CO., LTD.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 KEI Industries Limited
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9 LS Cable & System Ltd.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Leoni AG
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Nexans
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 NKT A/S
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
  15.3.13 Southwire Company, LLC.
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
  15.3.14 Sumitomo Electric Industries
    15.3.14.1 Company Overview
    15.3.14.2 Product Portfolio
    15.3.14.3 Financials
    15.3.14.4 SWOT Analysis
  15.3.15 TPC Wire & Cable Corp.
    15.3.15.1 Company Overview
    15.3.15.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Power Cables Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Power Cables Market Forecast: Breakup by Installation (in Million US$), 2023-2028
Table 3: Global: Power Cables Market Forecast: Breakup by Voltage (in Million US$), 2023-2028
Table 4: Global: Power Cables Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 5: Global: Power Cables Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 6: Global: Power Cables Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Power Cables Market: Competitive Structure
Table 8: Global: Power Cables Market: Key Players

LIST OF FIGURES

Figure 1: Global: Power Cables Market: Major Drivers and Challenges
Figure 2: Global: Power Cables Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Power Cables Market: Breakup by Installation (in %), 2022
Figure 4: Global: Power Cables Market: Breakup by Voltage (in %), 2022
Figure 5: Global: Power Cables Market: Breakup by End-Use Sector (in %), 2022
Figure 6: Global: Power Cables Market: Breakup by Material (in %), 2022
Figure 7: Global: Power Cables Market: Breakup by Region (in %), 2022
Figure 8: Global: Power Cables Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Power Cables (Overhead) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Power Cables (Overhead) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Power Cables (Underground) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Power Cables (Underground) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Power Cables (Submarine Cables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Power Cables (Submarine Cables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Power Cables (High) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Power Cables (High) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Power Cables (Medium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Power Cables (Medium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Power Cables (Low) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Power Cables (Low) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Power Cables (Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Power Cables (Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Power Cables (Oil & Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Power Cables (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Power Cables (Chemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Power Cables (Chemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Power Cables (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Power Cables (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Power Cables (Metals & Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Power Cables (Metals & Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Power Cables (Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Power Cables (Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Power Cables (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Power Cables (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Power Cables (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Power Cables (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Power Cables (Copper) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Power Cables (Copper) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Power Cables (Aluminum) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Power Cables (Aluminum) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Asia Pacific: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Asia Pacific: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: China: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: China: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Japan: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Japan: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: India: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: India: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: South Korea: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: South Korea: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Australia: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Australia: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Indonesia: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Indonesia: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Turkey: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Turkey: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Saudi Arabia: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Saudi Arabia: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Iran: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Iran: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: United Arab Emirates: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: United Arab Emirates: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Others: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Others: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Latin America: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Latin America: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Brazil: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Brazil: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Mexico: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Mexico: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Argentina: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Argentina: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Colombia: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 100: Colombia: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 101: Chile: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 102: Chile: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 103: Peru: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 104: Peru: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 105: Others: Power Cables Market: Sales Value (in Million US$), 2017 & 2022
Figure 106: Others: Power Cables Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 107: Global: Power Cables Industry: SWOT Analysis
Figure 108: Global: Power Cables Industry: Value Chain Analysis
Figure 109: Global: Power Cables Industry: Porter’s Five Forces Analysis


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