Product Code: SR112025A5421
The global high voltage cable market size was valued at USD 44.2 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 68.9 Billion by 2033, exhibiting a CAGR of 4.8% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 42.1% in 2024, driven by rapid industrialization, expanding renewable energy projects, and significant investments in power transmission infrastructure across the region.
High voltage cables (HVCs) are extensively utilized for electric power transmission at high voltages. Equipped with structural elements of protective jackets, one or more conductors, and insulators, they are designed to efficiently transmit electricity without any power loss during long-range transmissions. The presence of additional internal layers in the insulation jacket assists HVCs in controlling the electric flow around the conductor. As a result, they find widespread applications across various sectors, such as power utility, mining, chemical and petrochemical, paper and pulp, wastewater treatment, manufacturing, and oil and gas.
High Voltage Cable Market Trends:
The market is primarily driven by the ever-increasing demand for electricity across the globe. This can be accredited to the rising reliance on electronic appliances and devices among the masses and the escalating need for an uninterrupted power supply. In line with this, the flourishing global construction industry and the continuous replacements of aging grid infrastructure and transmission lines due to the shift toward smart grids are providing an impetus to the market growth. Besides this, the preference for renewable energy sources, such as solar and wind energy, due to an enhanced focus on sustainable development has led to the construction of new utility grid setups with improved transmission and distribution networks on the global level, thereby acting as a significant growth-inducing factor for the market. Also, the growing number of rural electrification projects undertaken by the governments of various countries is fueling the product demand. Some of the other factors creating a positive outlook for the market include rapid industrialization, continual technological advancements in distribution networks, and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
Breakup by Installation:
- Overhead
- Underground
- Submarine
Breakup by Voltage Type:
- 50kV-110kV
- 115kV-330kV
- More than 330kV
Breakup by End User:
- Industrial
- Power Utilities
- Oil and Gas
- Mining
- Chemical and Petrochemical
- Others
- Renewable Energy
- Wind
- Hydropower
- Others
- Infrastructure
- Commercial
- Residential
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Brugg Kabel AG, Ducab, LS Cable & System Ltd, NEXANS, NKT A/S, Prysmian Group, Siemens AG, Southwire Company LLC, Sumitomo Electric Industries Ltd., TBEA Co. Ltd. and TELE-FONIKA Kable S.A.
Key Questions Answered in This Report
- 1.What is high voltage cable?
- 2.How big is the global high voltage cable market?
- 3.What is the expected growth rate of the global high voltage cable market during 2025-2033?
- 4.What are the key factors driving the global high voltage cable market?
- 5.What is the leading segment of the global high voltage cable market based on the installation?
- 6.What is the leading segment of the global high voltage cable market based on voltage type?
- 7.What is the leading segment of the global high voltage cable market based on end user?
- 8.What are the key regions in the global high voltage cable market?
- 9.Who are the key players/companies in the global high voltage cable market?
Table of Contents
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 High Voltage Cable 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
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Voltage Type
- 7.1 50kV-110kV
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 115kV-330kV
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 More than 330kV
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Industrial
- 8.1.1 Market Trends
- 8.1.2 Key Segments
- 8.1.2.1 Power Utilities
- 8.1.2.2 Oil and Gas
- 8.1.2.3 Mining
- 8.1.2.4 Chemical and Petrochemical
- 8.1.2.5 Others
- 8.1.3 Market Forecast
- 8.2 Renewable Energy
- 8.2.1 Market Trends
- 8.2.2 Key Segments
- 8.2.2.1 Wind
- 8.2.2.2 Hydropower
- 8.2.2.3 Others
- 8.2.3 Market Forecast
- 8.3 Infrastructure
- 8.3.1 Market Trends
- 8.3.2 Key Segments
- 8.3.2.1 Commercial
- 8.3.2.2 Residential
- 8.3.3 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Brugg Kabel AG
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Ducab
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 LS Cable & System Ltd
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 NEXANS
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 NKT A/S
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Prysmian Group
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Siemens AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Southwire Company LLC
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 SWOT Analysis
- 14.3.9 Sumitomo Electric Industries Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 TBEA Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 TELE-FONIKA Kable S.A.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio