Australia Wires and Cables Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)

Key Market Trends and Insights:

• The Australian Capital Territory dominated the wires and cables market in 2024 and is projected to grow at a CAGR of 8.2% over the forecast period.
• By voltage, the fiber optic cable segment is projected to witness a CAGR of 9.4% over the forecast period.
• By installation, submarine is expected to register 8% CAGR over the forecast period due to essential role in connecting islands and offshore infrastructure.

Market Size & Forecast:

• Market Size in 2024: AUD 8.40 billion
• Projected Market Size in 2034: AUD 17.15 billion
• CAGR from 2025-2034: 7.40%
• Fastest-Growing Regional Market: Australian Capital Territory

Australia’s aging power infrastructure, especially in rural and regional areas, is undergoing large-scale upgrades. Government and utility companies are investing in modernizing transmission and distribution networks to reduce losses, enhance reliability, and accommodate increased loads. As a result, demand for robust low-, medium-, and high-voltage cables is surging for offering long-term growth opportunities for local and global cable manufacturers.

The growing investment in renewable energy projects, particularly solar and wind, is driving the growth of the Australia wires and cables market. As the country works towards its net-zero emissions targets, there is a rising demand for specialized cables to withstand harsh conditions and transmit electricity efficiently. In August 2024, Australia approved an AUD 30 billion solar project to export renewable energy to Singapore via subsea cable, advancing sustainability goals. This renewable push boosts the need for durable, energy-efficient cable systems to power the clean energy transition.

Australia Wires and Cables Market Report Summary

Description

Value

Base Year

2024

Historical Period

2018-2024

Forecast Period

2025-2034

Market Size 2024

8.40

Market Size 2034

17.15

CAGR 2018-2024

Percentage

XX%

CAGR 2025-2034

Percentage

7.40%

CAGR 2025-2034 - Market by Region

Australian Capital Territory

8.2%

CAGR 2025-2034 - Market by Region

Western Australia

7.9%

CAGR 2025-2034 - Market by Voltage

Fiber Optic Cable

9.4%

CAGR 2025-2034 - Market by Installation

Submarine

8.0%

2024 Market Share by Region

New South Wales

32.2%

Key Trends and Recent Developments

July 2025

LAPP Australia launched its own Harnessing Solutions division to enhance productivity, quality, and safety across various industries. This new division offers customized cable assemblies and solutions for ensuring higher reliability and performance for complex electrical systems in demanding industrial environments.

November 2024

Google disclosed plans to build a subsea cable connecting Darwin to Christmas Island, strengthening Australia's digital infrastructure. This project helped enhance connectivity, data capacity, and network resilience in the region, while supporting faster internet speeds in remote and underserved parts of Australia.

September 2024

Power Flex Cables partnered with Top Cable to bring advanced cable technologies to the Australian market. The alliance helped to support key industries with enhanced product availability, technical support, and cutting-edge solutions tailored to Australian standards and conditions.

December 2023

Amokabel doubled production capacity at its Sydney cable factory, enhancing its ability to supply specialist cables for defence, mining, rail, telecoms, and frozen food sectors. This expansion enables faster delivery and increased flexibility, allowing Australian engineers to benefit from shorter lead times.

Electrification of Transport

The rise of electric vehicles, and electrified rail systems is significantly influencing the Australia wires and cables market dynamics. As per the Electric Vehicle Council, 85,319 units electric vehicles were sold in Australia by the end of September 2024. Government subsidies and emission reduction targets are accelerating EV adoption, driving the need for EV charging infrastructure, which relies on specialized high-capacity cables. Similarly, rail electrification projects require durable, high-voltage cables resistant to vibration, temperature extremes, and mechanical stress.

Urbanization and Smart Cities

Rapid urbanization is fueling the demand for smart city infrastructure, which heavily depends on advanced cabling systems. As per Macrotrends, Australia’s urban population reached 23,091,181 in 2023. Smart lighting, IoT devices, and intelligent transport systems require extensive data and power cabling. This trend is driving the adoption of fiber optic and data cables, along with power cables that support real-time communication and automation.

Government Policy and Regulation

Government initiatives and regulatory frameworks are significantly impacting the Australia wires and cables market outlook. In July 2024, Australia launched an USD 18 million Cable Connectivity and Resilience Centre to bolster Indo-Pacific undersea network strength, providing technical support, training, research, and industry–government dialogue. These measures enhance consumer safety and create opportunities for premium cable manufacturers who meet or exceed these stringent requirements.

Energy Efficiency and Sustainability

With increasing awareness of sustainability, energy-efficient cabling is gaining traction in Australia. Customers across industrial, commercial, and residential sectors are looking for cables that minimize energy loss and environmental impact. Manufacturers are responding by developing cables with low-resistance conductors, halogen-free insulation, and recyclable materials. In June 2024, Nexans launched MOBIWAY BOOST in Australia, an innovative cable installation system designed to enhance efficiency and sustainability.

Technological Advancements in Cable Design

Innovation in cable design and materials are transforming the Australia wires and cables industry. Developments such as cross-linked polyethylene (XLPE) insulation, fire-retardant sheathing, and nano-coating technologies are making cables safer, more durable, and more efficient. Self-healing cables, smart cables with built-in diagnostics, and hybrid power-data cables are emerging solutions for smart grids and industrial automation. These advancements help reduce installation time, maintenance costs, and operational risks.

The EMR’s report titled “Australia Wires and Cables Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Voltage

• Low Voltage Cable
• Power Cable
• Fiber Optic Cable
• Signal and Control Cable
• Others

Key Insight: Low voltage cables dominate the market, primarily driven by widespread use in residential, commercial, and light industrial applications. As urban development and housing construction grows across the region, demand for low voltage cabling continues to surge. In August 2025, smart energy solutions firm CHINT partnered with Legend Corporation’s electrical division (CABAC) to introduce CHINT’s full low voltage product range to the Australia markets. Additionally, government initiatives promoting energy-efficient buildings further accelerate their adoption.

Market Breakup by Installation

• Overhead
• Underground
• Submarine

Key Insight: Overhead installation is the most dominant segment in the Australia wires and cables market, primarily due to its cost-effectiveness and ease of deployment across vast rural and regional areas. The reduced initial cost and simpler maintenance compared to underground systems make overhead lines ideal for less densely populated regions. For instance, projects by AusNet Services and Essential Energy frequently utilize overhead cabling for power grid upgrades and rural electrification, reinforcing this method’s widespread adoption

Market Breakup by Application

• Aerospace and Defense
• Building and Construction
• Oil and Gas
• Energy and Power
• IT and Telecommunication
• Automotive
• Others

Key Insight: The energy and power sector dominates the Australia wires and cables industry, driven by nationwide electrification projects, grid upgrades, and the shift toward renewable energy. The rise in solar and wind farms has significantly increased the demand for specialized cables that can handle fluctuating loads and extreme weather. In October 2024, Singapore approved importing solar energy from Australia through a massive undersea cable project to boost clean energy and sustainability goals.

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Key Insight: New South Wales (NSW) leads the market due to its dense population, extensive infrastructure, and industrial development. NSW is investing in renewable energy zones, driving the need for robust power transmission infrastructure. In May 2025, Hitachi Energy equipped NSW’s first Renewable Energy Zone with high-voltage breakers and disconnectors to support clean energy transmission. The region also benefits from strong commercial construction activity and utility-scale upgrades, making it the most dominant contributor to Australia’s cable demand.

Australia Wires and Cables Market Share

CAGR 2025-2034 - Market by

Voltage

Fiber Optic Cable

9.4%

Signal and Control Cable

8.3%

Low Voltage Cable

XX%

Power Cable

XX%

Others

XX%

Power Cables to Lead the Market with Focus on Renewable Energy

Power cables hold a large Australia wires and cables industry share for serving medium to high voltage needs across utilities, mining, and industrial sectors. As Australia expands its renewable energy projects, the demand for durable, high-capacity power cables rises. These cables are crucial for power transmission from generation plants to substations and large industrial consumers. In March 2025, Taslink led a deep-sea HVDC cable linking New Zealand and Australia to enable bi-directional power trading and grid integration. Underground and overhead installations in regional infrastructure also rely heavily on these robust cables.

Fiber optic cables are a fast-growing segment, driven by digital transformation and the ongoing rollout of the National Broadband Network (NBN). Their relevance is surging due to increased demand for high-speed internet, 5G connectivity, and data centre expansion. Government and private investments in rural broadband access further support fibre deployment. Companies supply advanced fibre solutions for both underground and aerial installations. As smart cities, IoT, and cloud technologies mature in Australia, the segment is expected to climb higher in market significance.

Underground Installation Leads the Market for Effective Power Supply

Underground installation is gaining momentum in the Australia wires and cables industry due to its safety, reliability, and aesthetic benefits, particularly in urban developments and bushfire-prone areas. Cities like Sydney and Melbourne increasingly rely on underground cables to reduce visual clutter and minimize outage risks from weather events. In May 2024, CitiPower upgraded a high-voltage underground cable tunnel beneath Little Queen Street to future-proof Melbourne's CBD power supply. The long-term durability and lower maintenance make it appealing for high-density zones and critical infrastructure.

Submarine cable installation is another dominant segment as it serves essential roles in connecting islands and offshore infrastructure. These high-capacity cables are used for power transmission between mainland Australia and remote locations such as Tasmania and various mining or energy projects offshore. For example, the Basslink interconnector transmits electricity between Victoria and Tasmania via a 370 km submarine cable. With Australia's growing offshore wind initiatives, this segment may gain importance, but it currently represents a small portion of total installations.

Building and Construction Leads the Market with Smart City Initiatives

The building and construction sector is a key driver for Australia wires and cables market growth, propelled by the region’s urban expansion, smart city projects, and housing demands. In June 2025, Australian developers launched Marina Bay City, a privately funded, USD 6 billion smart city on Lombok’s southern coast. Cities like Melbourne and Sydney see constant high-rise development, necessitating reliable, compliant cable systems. Additionally, government initiatives for green buildings and energy-efficient retrofitting drive the demand for fire-resistant and eco-friendly cables.

The IT and telecommunication sector is experiencing rapid growth due to digitalization, 5G rollout, and expansion of broadband access across rural Australia. Fiber optic cables are in high demand, especially for the National Broadband Network (NBN) and enterprise-level data centres. In urban areas, high-speed internet infrastructure is pushing up demand for low-loss, high-capacity cables. Providers like Prysmian play a vital role in supplying fibre and hybrid solutions. The sector’s consistent investment and future-readiness position it as a major driver of growth in the coming years.

Australia Wires and Cables Market Regional Analysis

Australian Capital Territory Leads the Market with Boom in Urban Population

Australian Capital Territory (ACT) holds a massive Australia wires and cables industry share. With its focus on smart infrastructure, sustainable urban development, and advanced telecommunications, the ACT relies heavily on high-quality cabling solutions to support its growing network needs. As per EBSCO, Australian Capital Territory’s population was estimated at 472,000 in 2023. Major infrastructure projects, government facilities, and urban housing developments in Canberra also contribute to consistent demand for underground and overhead cabling.

Queensland is witnessing growing demand driven by its massive land area, mining sector, and renewable energy investments. Regional electrification and grid expansion projects, especially in remote and rural zones, fuel the need for overhead high-voltage cables. The state’s SuperGrid Infrastructure Blueprint aims to connect new wind, solar, and storage projects to the main grid, increasing need for long-distance transmission cables. Additionally, Brisbane’s infrastructure boom and North Queensland’s industrial activity sustain demand for control and signal cables.

Competitive Landscape

Key players in the Australia wires and cables market are employing several strategic approaches to maintain competitiveness and drive growth. With product innovation, companies are focusing on developing advanced, high-performance cables to meet evolving industrial and infrastructure demands, including renewable energy and smart grid applications. Second, strategic partnerships and collaborations with construction firms, government bodies, and technology providers enhance market reach and project acquisition.

Third, emphasis on sustainability drives adoption of eco-friendly materials and energy-efficient manufacturing processes to comply with environmental regulations and appeal to green-conscious customers. Additionally, expanding distribution networks and strengthening after-sales service improve customer satisfaction and market penetration. Companies also focus on cost optimization through automation and supply chain efficiencies to remain price competitive.

Bambach Wires & Cables

Founded in 1952, Bambach Wires & Cables is headquartered in Sydney, Australia. The company specializes in manufacturing a wide range of cables, including low and high voltage, marine, and mining cables. Bambach is recognized for its commitment to quality and has been a trusted supplier in the Australian market.

Electra Cables

Electra Cables is an Australian-owned company that has been operating for several decades, with its headquarters located in Sydney, Australia. The company offers a comprehensive range of electrical cables, including building wires, power cables, and data cables.

Austech Wire & Cable

Austech Wire & Cable, established in 2002, is based in Melbourne, Australia. The company specializes in producing high-quality electrical cables, including oxygen-free and tinned copper cables. Austech is recognized for its commitment to innovation and customer satisfaction, serving various industries across Australia.

Prysmian S.p.A.

Founded in 1879 as Pirelli Cavi e Sistemi, Prysmian S.p.A. is headquartered in Milan, Italy. The company is a global leader in the cable industry, providing solutions for energy and telecommunications sectors. Prysmian's innovations include the development of high-capacity submarine cables and advanced fiber-optic technologies.

Other key players in the Australia wires and cables market report include Nexans, World Wire Cables (Aust) Pty Ltd, Australia Pacific Electric Cables Pty Ltd., Power Flex Cables Pty Ltd., and others.

Key Features of the Australia Wires and Cables Market Report:

• Comprehensive market segmentation by voltage type, installation, application and region.
• In-depth quantitative analysis of market size, share, and forecast to 2034.
• Coverage of key regional markets with focused insights on ACT and New South Wales.
• Identification of major industry players and competitive landscape evaluation.
• Detailed analysis of current market drivers, challenges, and growth opportunities.
• Trends in underground cable installations and renewable energy integration highlighted.

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