Who are the key players in high voltage power and control cable market?

Some of the major players in the high voltage power and control cable industry include Polycab, Prysmian Group, Riyadh Cables, RR Kabel, Southwire Company LLC, Sumitomo Electric, Thermo Cables, Top Cables.

How much is the U.S. high voltage power and control cable market worth in 2024?

The U.S. high voltage power and control cable market was worth over USD 5.8 billion in 2024.

What will be the size of power cable segment in the high voltage power and control cable industry?

The power cable segment is anticipated to cross USD 57 billion by 2034.

How big is the high voltage power and control cable market?

The high voltage power and control cable market was valued at USD 33.9 billion in 2024 and is expected to reach around USD 67.2 billion by 2034, growing at 7% CAGR through 2034.

High Voltage Power and Control Cable Market Size

Report ID: GMI8909

Published Date: May 2025

Report Format: PDF

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High Voltage Power and Control Cable Market Size

High Voltage Power and Control Cable Market size was valued at USD 31.2 billion in 2023 and is forecasted to exhibit a CAGR of 7.4% between 2024 and 2032. This upward trajectory is attributed to several growth drivers including increasing urbanization and industrialization, coupled with rising demand for electricity across various sectors.

High Voltage Power and Control Cable Market

According to projections from the U.S. Energy Information Administration, global energy consumption in the industrial sector is expected to increase by anywhere from 9% to 62% between 2022 and 2050. Additionally, advancements in technology, such as enhanced insulation materials and manufacturing processes, are improving the performance and reliability of high voltage cables, further propelling market expansion.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Question(FAQ) :

Who are the key players in high voltage power and control cable market?: Some of the major players in the high voltage power and control cable industry include Polycab, Prysmian Group, Riyadh Cables, RR Kabel, Southwire Company LLC, Sumitomo Electric, Thermo Cables, Top Cables.
How much is the U.S. high voltage power and control cable market worth in 2024?: The U.S. high voltage power and control cable market was worth over USD 5.8 billion in 2024.
What will be the size of power cable segment in the high voltage power and control cable industry?: The power cable segment is anticipated to cross USD 57 billion by 2034.
How big is the high voltage power and control cable market?: The high voltage power and control cable market was valued at USD 33.9 billion in 2024 and is expected to reach around USD 67.2 billion by 2034, growing at 7% CAGR through 2034.

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Authors: Ankit Gupta, Utkarsh Mahajan

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Base Year: 2024

Companies covered: 18

Tables & Figures: 23

Countries covered: 24

Pages: 122

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High Voltage Power and Control Cable Market Size

High Voltage Power and Control Cable Market Size

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