The Wire and Cable Market Report Segmented by Voltage (Extra- and High-Voltage, Medium-Voltage, and More), Cable Type (Power Cable, Fiber-Optic Cable, and More), Conductor Material (Copper, Aluminum, Optical Glass / Polymer), Installation (Overhead, and More), End-User Vertical (Construction-Residential, Construction-Commercial, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The India Wire and Cable Market Report is Segmented by Cable Type (Power Cable, Housing Wires, and Communication Cables), Conductor Material (Copper Conductors, High-Conductivity Copper [OFHC], Aluminium Conductors, and Aluminium Alloy Conductors), End-User Type (Consumers [B2C], Businesses [B2B], Construction – Residential, Construction – Commercial, IT and Telecommunication, Energy and Power T and D, and More).

The global wires and cables market size crossed USD 219.24 billion in 2025 and is likely to register a CAGR of more than 5.5%, exceeding USD 374.49 billion revenue by 2035, impelled by expanding aerospace and defense industry.

According to Cognitive Market Research, the global Wire Cable Market size will be USD 212524.5million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033.

North America held the major market share for more than 29% of the global revenue with a market size of USD 61632.11 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.1% from 2025 to 2033.
Europe accounted for a market share of over 24% of the global revenue with a market size of USD 51005.88 million.
APAC held a market share of around 37% of the global revenue with a market size of USD 78634.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 8075.93 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033.
Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 8500.98 in 2025 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 4675.54 in 2025 and will grow at a compound annual growth rate (CAG0) of 5.7% from 2025 to 2033.
Optical Fiber Cable category is the fastest growing segment of the Wire Cable industry

Market Dynamics of Wire Cable Market

Key Drivers for Wire Cable Market

Growing demand for cables in the field of renewable energy to Boost Market Growth

The market for wires and cables is greatly impacted by the global trend toward renewable energy sources like hydroelectric, solar, and wind power. Specialized cables that can successfully satisfy the particular needs of renewable energy systems are becoming more and more in demand as a result of this shift. This market is greatly impacted by the intense concentration on hydroelectric, solar, and wind power. According to the US Energy Information Administration, a sizable portion of the energy produced in January 2024 came from renewable sources including solar and wind. As a result, governments and businesses have invested heavily in renewable projects, which have increased demand for wire and cable on a global scale. The market is greatly impacted by the intense concentration on hydroelectric, solar, and wind power. With a focus on high-efficiency solar PV modules, the Ministry of New and Renewable Energy has set aside USD 1.68 billion for the Production Linked Incentive Scheme. An operational production capacity of 7,400 MW is projected by October 2024, and by April 2025, it is expected to have increased to 16,800 MW. By April 2026, the remaining 15,400 MW of capacity will be finished. Modern cables that can manage fluctuating loads and guarantee effective power transmission are necessary for the integrations of renewable energy sources into the current electrical grid, which will increase the use of wires and cables.

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1911380

Increased Attention on Safety and Compliance Boosts The Need For Advanced Wire Cable To Boost Market Growth

One of the main drivers is regulatory reforms, as governments all over the world impose more stringent laws to improve environmental responsibility and safety. These rules tighten restrictions on hazardous materials and increase requirements for electrical performance, durability, and fire resistance. The creation of safer and more dependable wire cables is made possible by technological developments in materials and manufacturing techniques. Furthermore, wire cables that satisfy stricter safety and compliance requirements are becoming more and more in demand, especially in sectors like construction, automotive, and renewable energy. The need for compliant wire cables is also being driven by growing consumers awareness of the significance of environmental sustainability and safety.

Restraint Factor for the Wire Cable Market

Rising pricing for raw materials in digital Payments Of Wire Cable Limit Market Growth, Will Limit Market Growth

The price fluctuations of raw materials, especially copper and aluminum, have a big impact on the wire and cable business. These metals' exceptional electrical conductivity qualities make them indispensable in the production of wires and cables. Although no replacement materials have been created for these ...

The Wires and Cables market size is recorded to be USD 212.76 billion in 2024 and is expected to reach USD 352.82 billion by 2035, at a CAGR of 4.705%.

According to Cognitive Market Research, the global Power Cables market size was USD 152142.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 60857.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 45642.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 34992.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7607.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3042.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The underground category is the fastest growing segment of the power cables industry

Market Dynamics of Power Cables Market

Key Drivers for Power Cables Market

Rising Demand for Renewable Energy to Boost Market Growth

The transition to renewable energy sources is considerably influencing the power cable market. As governments and organizations around the world emphasize lowering carbon emissions, the deployment of wind, solar, and hydroelectric projects accelerates. Power cables are required to carry electricity generated by these renewable sources to the grid, with specific submarine and underground cables needed for offshore and onshore facilities. Furthermore, renewable energy laws, such as tax breaks and subsidies, stimulate investment in these installations, driving up cable demand. With renewable energy likely to dominate worldwide power generation in the next years, the power cables market is poised for strong growth, aided by technological breakthroughs in cable materials and designs specialized to renewable applications. In addition, the market is anticipated to grow during the projected period as a result of players in the industry adopting Power Cables. For instance, the International Renewable Energy Agency (IRENA) reported that by the end of 2023, renewables accounted for 43% of global installed power capacity, adding a record 473 gigawatts (GW) that year. This growth was largely driven by significant expansions in solar and wind power.

Urbanization and Infrastructure Development to Drive Market Growth

Rapid urbanization and infrastructure expansion are key factors fueling the power cables market. Growing urban populations require enhanced electricity access, driving investments in modern and reliable transmission and distribution networks. Underground cables are particularly in demand in urban areas due to space constraints and the need for aesthetically pleasing and safer installations. Smart city initiatives further amplify this trend by integrating advanced power systems that depend on high-performance cables for efficient energy distribution. Additionally, the expansion of commercial, residential, and industrial infrastructures creates a steady demand for both medium- and high-voltage cables. Urban resilience programs and upgrades to ageing power grids also stimulate growth, ensuring reliable electricity delivery while minimizing disruptions. As cities continue to expand and modernize, the need for innovative and durable power cables remains a cornerstone of infrastructure development.

Restraint Factor for the Power Cables Market

High Installation and Maintenance Costs Will Limit Market Growth

One of the primary restraints in the power cables market is the high cost associated with installation and maintenance, especially for underground and submarine cables. These cables require extensive planning, specialized equipment, and skilled labour for proper deployment, significantly increasing overall project expenses. For submarine cables, additional challenges such as undersea surveys, deep-sea installations, and protection from marine conditions further escalate costs. Maintenance is equally demanding, as detecting and repairing faults in these systems often involves advanced technologies like remotely operated vehicles (RO...

The Power and Control Cable Market will grow from USD 150,680.3 million in 2025 to USD 304,827.2 million by 2035 with a projected 7.3% Compound Annual Growth Rate throughout this period.

Metric	Value
Industry Size (2025E)	USD 150,680.3 million
Industry Value (2035F)	USD 304,827.2 million
CAGR (2025 to 2035)	7.3%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	7.5%

Country	CAGR (2025 to 2035)
UK	7.1%

Region	CAGR (2025 to 2035)
European Union	7.3%

Country	CAGR (2025 to 2035)
Japan	6.9%

Country	CAGR (2025 to 2035)
South Korea	7.6%

Segmentation Outlook - Power and Control Cable Market

Voltage Category	Market Share (2025)
Medium Voltage	36.4%

Product Category	Market Share (2025)
Control Cable	42.1%

Competitive Outlook

Company Name	Estimated Market Share (%)
Prysmian Group	20-24%
Nexans S.A.	15-19%
Southwire Company, LLC	12-16%
LS Cable & System Ltd.	8-12%
General Cable (a Prysmian brand)	5-9%
Other Companies (combined)	30-40%

The Bangladeshi wire and cable market was estimated at $430M in 2024, with an increase of 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a remarkable increase.

The Germany wire and cable market was valued by revenue at $11.54 billion in 2022, and it is expected to grow at a CAGR of 7.07% and reach $22.16 billion by 2032.

The China wire and cable market was valued by revenue at $45.18 billion in 2022, and it is expected to grow at a CAGR of 7.43% and reach $96.66 billion by 2032.

The market is supported by rising energy needs, expanding renewable energy projects, and the ongoing electrification of transportation. In 2025, the global Insulated Wires & Cables market is estimated to be valued at approximately USD 205,202.3 Million. By 2035, it is projected to grow to around USD 360,611.0 Million, reflecting a compound annual growth rate (CAGR) of 5.8%.

Metric	Value
Market Size in 2025	USD 205,202.3 Million
Projected Market Size in 2035	USD 360,611.0 Million
CAGR (2025 to 2035)	5.8%

Country Wise Outlook

Country	CAGR (2025 to 2035)
USA	6.4%

Country	CAGR (2025 to 2035)
UK	6.5%

Country	CAGR (2025 to 2035)
European Union (EU)	6.3%

Country	CAGR (2025 to 2035)
Japan	6.2%

Country	CAGR (2025 to 2035)
South Korea	6.4%

Segmentation Outlook - Insulated Wires & Cables Market

Type	Market Share (2025)
Optical Fibre	43.6%

End Use	Market Share (2025)
Power	39.1%

Competitive Outlook

Company Name	Estimated Market Share (%)
Prysmian Group	18-22%
Nexans S.A.	14-18%
Southwire Company, LLC	10-14%
LS Cable & System Ltd.	8-12%
Sumitomo Electric Industries, Ltd.	6-9%
Other Companies (combined)	25-30%

The power cable market was valued at $32.20 billion in 2022, and it is expected to grow at a CAGR of 10.93% and reach $95.07 billion by 2032.

• The global industry was valued at US$ 250.0 Mn in 2022
• It is estimated to grow at a CAGR of 7.9% from 2023 to 2031 and reach US$ 458.0 Mn by the end of 2031

Market Introduction

Attribute	Detail
Market Drivers	Increase in Demand for Safe and Efficient Electrical Systems Advancements in Cable Technology

Regional Outlook

Attribute	Detail
Leading Region	Europe

Ceramified Cable Market Snapshot

Attribute	Detail
Market Value in 2022 (Base Year)	US$ 250.0 Mn
Market Forecast Value in 2031	US$ 458.0 Mn
Growth Rate (CAGR)	7.9%
Forecast Period	2023-2031
Historical Data Available for	2017-2021
Quantitative Units	US$ Mn for Value and Thousand Kilometers for Volume
Market Analysis	Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape	Prominent Players - Competition Dashboard and Revenue Share Analysis, 2022 Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Format	Electronic (PDF) + Excel
Market Segmentation	Voltage Level Low Voltage Medium Voltage High Voltage Application Fire and Smoke Detection System Emergency Lighting & Signage Emergency Communication Rescue Elevator Emergency Generator Others End-use Buildings Industrial Transit Defense
Regions Covered	North America South America Asia Pacific Europe Middle East & Africa
Countries Covered	U.S. Canada Germany U.K. France Spain Italy Russia and CIS Japan China India ASEAN Brazil Mexico GCC South Africa
Companies Profiled	Bhuwal Insulation Cable Private Limited Wacker Chemie AG Prysmian Group Nexans S.A. KEI Industries Limited S.I.C.C.E.T. S.r.l. TEKAB Co. LLC. Etabir Birlesik Kablo Sanayi ve Ticaret A.S. Cavicel S.p.a MarmonIEI
Customization Scope	Available upon Request
Pricing	Available upon Request

The Europe Wire and Cable Market is Segmented by Cable Type (Low-Voltage Energy Cables, Medium-Voltage Cables, and More), Voltage Rating (≤1 KV, 1–35 KV, and More), Installation Type (Overhead, Underground, and Submarine), Conductor Material (Copper, Aluminium, and Aluminium-Alloy), End-User Industry (Construction, Power Infrastructure and Utilities, and More), and Country. The Market Forecasts are Provided in Terms of Value (USD).

The global wires and cables market is booming, projected to reach $349.71 million by 2033, with a CAGR of 5.50%. Driven by construction, telecommunications, and renewable energy, key players like Nexans and Prysmian are shaping this rapidly growing sector. Discover market trends, segmentation analysis, and future forecasts. Recent developments include: May 2023: MaxLinear, Inc., a provider of hyper-scale data center connectivity solutions, partnered with JPC Connection to manufacture active electrical cables using MaxLinear's5nm Keystone PAM4 DSP. Chip-embedded cables provide maximum data transfer speeds in hyperscale data centers. MaxLinear's5nm PAM4 DSPs will power JPC Connectivity's new 800G active electrical cables, which leverage the benefits of 5nm CMOS technology to address the critical needs for low-power, highly integrated, high-performance interconnect solutions in next-generation hyper-scale cloud networks., May 2023: The LS cable and systems announced the completion of an HVDC submarine cable factory in Donghae, Gangwon Province. It is the only HVDC submarine cable factory in Korea.. Key drivers for this market are: Rising Demand from the Construction Sector, Ongoing Deployment of Smart Grid Infrastructure; Growing Adoption in the Telecommunications Industry. Potential restraints include: Rising Demand from the Construction Sector, Ongoing Deployment of Smart Grid Infrastructure; Growing Adoption in the Telecommunications Industry. Notable trends are: Fiber Optic Cable to Witness Major Growth.

In 2024, the Peruvian wire and cable market increased by 13% to $378M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $418M. From 2022 to 2024, the growth of the market failed to regain momentum.

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The high-voltage power cable market share is expected to increase by USD 33.81 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.42%.

This high-voltage power cable market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers high-voltage power cable market segmentations by product (high-voltage and extra-high voltage) and geography (APAC, North America, Europe, South America, and MEA). The high-voltage power cable market report also offers information on several market vendors, including Belden Inc., Eland Cables Ltd., Furukawa Electric Co. Ltd., KEI Industries Ltd., Leoni AG, Nexans SA, NKT AS, Prysmian Spa, Sumitomo Electric Industries Ltd., and TERNA S.p.A. among others.

What will the High-voltage Power Cable Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the High-voltage Power Cable Market Size for the Forecast Period and Other Important Statistics

High-voltage Power Cable Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing investments in renewable energy projects is notably driving the high-voltage power cable market growth, although factors such as stringent regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high-voltage power cable industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High-voltage Power Cable Market Driver

One of the key factors driving the high-voltage power cable market growth is increasing investments in renewable energy projects. Fossil fuels are one of the major contributors to emissions globally, and as of 2015, more than two-thirds of electricity generated worldwide is from fossil fuels. This has shifted the focus to cleaner fuel sources such as nuclear and renewables. Renewable energy capacity worldwide has grown tremendously, supported by lucrative government policies, incentives, and rebates. This has led to a significant increase in the share of renewables and alternative sources of energy in the global energy mix. A total of 260 GW of new renewable power capacity came online globally in 2020, which accounted for two-thirds of the total capacity addition. Countries across the world are rapidly adding renewable capacity to reduce their dependence on coal and other polluting fuels. Therefore, bringing these capacity additions will give rise to the need for appropriate infrastructure to transmit this electricity, thus driving the demand for high-voltage power cables.

Key High-voltage Power Cable Market Trend

Increase in sales of HVDC power cables are the major trend influencing the high-voltage power cable market growth. Underground HVDC power cables are considered viable alternatives for the transmission of high-voltage power over long distances. HVDC power systems are economically viable for long-distance bulk power delivery. In 2015, the European Commission granted a sum of $598 million to create an internal energy market and improve energy security. These projects are aimed at ending energy isolation and removing the factors that hinder the growth of the European internal energy market. With the growing need to connect renewable energy to grid networks, many renewable power projects, including offshore wind power plants and solar energy plants, are coming up in different parts of Europe. These renewable power projects are typically set up in places far away from energy load centers. Moreover, the rising number of offshore wind energy plants in Europe will boost the sales of submarine HVDC cables.

Key High-voltage Power Cable Market Challenge

Stringent regulations is one of the key challenges hindering the high-voltage power cable market growth. Electrical wire and cable manufacturers are required to comply with various safety rules and regulations for the installation of power cable systems. These regulations are scripted and decided by regulatory bodies such as ANSI, IEC, and IEEE. The rules vary depending on the circuit voltage, temperature rating, and environmental conditions. Compliance with these rules and regulations and adherence to specified standards while manufacturing wires and cables pose significant challenges to vendors. Also, vendors that focus on the export of wires and cables have to design their products in compliance with the standards and regulations of the export market, which increases their cost of production as they need to manufacture the same products with varying technical specifications. Thus, these norms and regulations on the manufacture of cab

Market Size statistics on the Wire & Cable Manufacturing industry in the US

The low voltage cable market is estimated at USD 161.75 billion in 2025 and is projected to reach USD 284.25 billion by 2035, advancing at a CAGR of 5.8%.

Metric	Value
Industry Size (2025E)	USD 161.75 billion
Industry Value (2035F)	USD 284.25 billion
CAGR	5.8%

Low Voltage Cable Industry Analysis by Top Investment Segments

Installation Type	CAGR (2025 to 2035)
Underground	6.1%

End Use Segment	CAGR (2025 to 2035)
Residential	6.2%

For the fourth consecutive year, the Egyptian wire and cable market recorded growth in sales value, which increased by 0.6% to $8.5B in 2024. In general, the total consumption indicated a tangible expansion from 2012 to 2024: its value increased at an average annual rate of +3.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +61.8% against 2014 indices.