Power Cable and Electrical Equipment Cable Research:CAGR of 4.3% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “Power Cable and Electrical Equipment Cable- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Power Cable and Electrical Equipment Cable was estimated to be worth US$ 304724 million in 2024 and is forecast to a readjusted size of US$ 409493 million by 2031 with a CAGR of 4.3% during the forecast period 2025-2031.

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Power Cable and Electrical Equipment Cable Market Summary

Wire & Cable are essential components used to transmit electrical power or signals. A wire is a single conductor (usually made of copper or aluminum), while a cable consists of multiple insulated wires bundled together, often with protective sheathing. They are widely used in electrical systems, telecommunications, and industrial applications. This report focus on Power Cable and Electrical Equipment Cable market.

According to the new market research report “Global Power Cable and Electrical Equipment Cable Market Report 2025-2031”, published by QYResearch, the global Power Cable and Electrical Equipment Cable market size is projected to reach USD 391.97 billion by 2031, at a CAGR of 4.3% during the forecast period.

The power cable and electrical equipment cable market is primarily driven by the global surge in electricity demand, fueled by urbanization, industrialization, and renewable energy integration. The shift toward clean energy (solar, wind, and grid modernization) necessitates high-voltage and underground cables for efficient power transmission. Additionally, government investments in smart grids and EV charging infrastructure are accelerating demand for specialized cables. Emerging economies are expanding their power networks, while developed regions focus on aging grid replacements and energy efficiency standards, pushing innovation in fire-resistant, high-conductivity, and lightweight cables.

The industry is evolving with smart and sustainable cable solutions, including high-temperature superconducting (HTS) cables and IoT-enabled monitoring systems for predictive maintenance. Eco-friendly materials (recyclable, halogen-free) are gaining traction due to stricter environmental regulations. The electrification of transportation (EVs, rail networks) demands high-performance charging and power distribution cables. Furthermore, automation in manufacturing (Industry 4.0) is optimizing cable production with AI-driven quality control. Geopolitical factors (supply chain localization) and raw material price volatility (copper, aluminum) will shape competitive strategies, with a growing emphasis on recycling and alternative conductive materials to reduce costs and carbon footprints.

Figure00002. Global Power Cable and Electrical Equipment Cable Market Size (US$ Million), 2024 vs 2031

Above data is based on report from QYResearch: Global Power Cable and Electrical Equipment Cable Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00003. Global Power Cable and Electrical Equipment Cable Top 25 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Above data is based on report from QYResearch: Global Power Cable and Electrical Equipment Cable Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Power Cable and Electrical Equipment Cable include Prysmian, Nexans, Baosheng Science and Technology, Sumitomo Electric Industries, Hengtong, Jiangsu Shangshang Cable, LS Cable & System, NKT, FAR EAST CABLE, Gold Cup Electric Apparatus, etc. In 2024, the global top 10 players had a share approximately 13.0% in terms of revenue.

Figure00004. Power Cable and Electrical Equipment Cable, Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Power Cable and Electrical Equipment Cable Market Report 2025-2031.

In terms of product type, currently Power Cables is the largest segment, hold a share of 60.5%.

In terms of product application, currently Electric Power Engineering is the largest segment, hold a share of 49.4%.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Power Cable and Electrical Equipment Cable market is segmented as below:
By Company
Prysmian
Nexans
Baosheng Science and Technology
Sumitomo Electric Industries
Hengtong
Jiangsu Shangshang Cable
LS Cable & System
NKT
Shanghai QiFan Cable
FAR EAST CABLE
Gold Cup Electric Apparatus
Jiangnan
TBEA
Zhongtian Technology
Zhejiang Zetastone Wire & Cable
Qingdao Hanhe Cable
Furukawa Electric
Ningbo Orient Wires & Cables
Fujikura
KEI Industries
TELE-FONIKA Kable
Hangzhou Cable
Jiangsu Zhongchao Cable
Hunan Valin Wire & Cable
Jiangsu Zhongmei Cable


Segment by Type
High Voltage Power Cable
Medium Voltage Power Cable
Low Voltage Power Cable
Electrical Equipment Cable


Segment by Application
Electric Power Engineering
Rail Transit
Steel and Metallurgy
Petrochemical
Mining
Construction and Real Estate
Others


Each chapter of the report provides detailed information for readers to further understand the Power Cable and Electrical Equipment Cable market:

Chapter 1: Introduces the report scope of the Power Cable and Electrical Equipment Cable report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Power Cable and Electrical Equipment Cable manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Power Cable and Electrical Equipment Cable market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Power Cable and Electrical Equipment Cable in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Power Cable and Electrical Equipment Cable in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.


Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Power Cable and Electrical Equipment Cable competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Power Cable and Electrical Equipment Cable comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Power Cable and Electrical Equipment Cable market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.


Other relevant reports of QYResearch:
Global Power Cable and Electrical Equipment Cable Market Research Report 2025
Global Power Cable and Electrical Equipment Cable Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Power Cable and Electrical Equipment Cable Market Insights, Forecast to 2031


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