Europe Power and Control Cable Market Size

Europe Power and Control Cable Market Size

Europe power and control cables market was valued at USD 63.3 billion in 2024 and is estimated to grow at a CAGR 7.2% from 2025 to 2034, due to the increasing demand for energy infrastructure development, renewable energy projects, and advancements in telecommunications. Rising investments in smart grids and the modernization of power transmission networks are significantly boosting the demand for high-performance wires and cables. The rapid adoption of electric vehicles (EVs) is also a key factor, as it necessitates extensive charging infrastructure, further expanding the market.

Additionally, the growth of renewable energy installations, such as wind and solar power, requires specialized cables for energy transmission and storage. Technological innovations, such as fire-resistant and high-voltage cables, cater to diverse industrial applications, enhancing market potential. Major countries like Germany, the UK, and France are spearheading infrastructure projects, creating lucrative opportunities. Moreover, stringent regulations for energy efficiency and safety compliance drive manufacturers to innovate, fostering market growth across the region.