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Power and Control Cable Market Share

  • Report ID: GMI1502
  • Published Date: Feb 2023
  • Report Format: PDF
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Power and Control Cable Market Share

Notable players operating in the power and control cable market are

  • Prysmian Group
  • Nexans
  • Sumitomo Electric Industries Limited
  • NKT A/S
  • Southwire Company LLC
  • DUCAB
  • Elsewedy Electric
  • KEI Industries Limited
  • Riyadh Cables Group Company
  • LS Cable & System Ltd.
  • Furukawa Electric Co. Ltd.
  • Belden Inc.
  • Jeddah Cables
  • Polycab
  • RPG Cables
     

Companies with a strong foothold in this business have been strengthening their strategic ties with other participatory firms to drive better business outcomes. For instance, in January 2023, Nexans collaborated with Trimet for a joint development project to develop a material with recycled aluminum for the manufacturing of aluminum rod that is used in electrical cables. Both participants are focusing on reducing the carbon footprint as the product has the capability to fulfill technical requirements on the mechanical properties & conductivity of the alloy.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of power and control cable recorded a valuation of over USD 133.9 billion in 2023 and is estimated to depict over 7.1% gains through 2032 driven by the implementation of strict energy efficiency norms across numerous economies.

The control cable segment is poised to amass revenues of over USD 35 billion by 2032, attributed to the extensive usage of smart technologies, such as IoT, in several industrial and utility applications.

The utility applications segment is set to observe 7% growth rate through 2032, given the expanding grid infrastructure and escalating rural electrification trends.

The Asia Pacific market is expected to cross more than USD 110 billion by 2032 owing to the skyrocketing demand for electricity and the subsequent investments to expand existing power infrastructure.

Power and Control Cable Market Scope

  • Power and Control Cable Market Size
  • Power and Control Cable Market Analysis
  • Power and Control Cable Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 15
    • Tables & Figures: 640
    • Countries covered: 24
    • Pages: 290
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