Global Single Core Land High Voltage Underground Cable Market Growth 2026-2032
Description
The global Single Core Land High Voltage Underground Cable market size is predicted to grow from US$ 423 million in 2025 to US$ 566 million in 2032; it is expected to grow at a CAGR of 4.3% from 2026 to 2032.
Single core land high voltage (HV) underground cables are specialized single-conductor power transmission cables designed for land-based underground power grid laying scenarios. Structurally composed of high-conductivity copper/aluminum conductors, high-voltage-resistant insulation layers, shielding layers, sheaths and metal armoring layers, cross-linked polyethylene (XLPE) is commonly adopted as the insulation material. Their core function is to realize safe, low-loss HV power transmission in scenarios such as urban power grids, industrial parks and new energy power station grid connection. Featuring advantages including minimal land occupation for laying, strong resistance to external mechanical damage and low susceptibility to natural environmental impacts, they serve as core components for constructing underground power transmission and distribution networks.The unit price ranges from $50–$800 per meter, significantly affected by voltage grade, conductor cross-section and insulation material. Basic 110kV cables with small cross-sections are priced at $50–$150 per meter; 220kV–500kV medium and high-voltage cables with large cross-sections are sold at $150–$400 per meter; 750kV and above ultra-high voltage cables or customized products adopting high-temperature and corrosion-resistant special insulation materials can reach $400–$800 per meter. Long-distance bulk purchases are eligible for certain bargaining space.
Industry Chain Structure
Upstream: Consists of suppliers of core materials including copper/aluminum conductors, XLPE insulation compounds, shielding materials, metal armoring materials and cable accessories. Conductor purity and the voltage withstanding performance of insulation materials directly determine the core quality and safety threshold of cables.
Midstream: Covers cable design, conductor stranding, insulation extrusion, shielding and sheath coating, as well as finished product testing processes. All products need to pass stringent verification such as voltage withstanding tests and partial discharge tests. Some enterprises have integrated supply capabilities of cables and accessories.
Downstream: Connects with power grid operators, new energy power station investors and industrial park construction units, applied in scenarios such as urban underground power grids, cross-regional power transmission projects and new energy grid connection, serving as the core carrier of underground power transmission networks.
Core Market Drivers
Demand from urban power grid underground transformation: Accelerated urbanization drives the conversion of overhead lines to underground cables, alleviating land resource constraints, reducing the impact of power grids on urban landscapes and directly boosting the baseline demand for single core land HV underground cables.
Pull from new energy grid connection projects: Most solar and wind power stations are located in remote areas, requiring HV underground cables to achieve long-distance power transmission and grid integration, spawning incremental demand for large-cross-section, high-voltage-resistant cables.
Appeal for improved power grid safety and reliability: Compared with overhead lines, underground cables are less affected by extreme weather and external damage, providing higher power supply stability. Power grid enterprises continue to increase investment in underground cables to enhance the risk resistance of power systems.
Policy and standard guidance: Countries around the world have issued policies related to power grid upgrading and new energy development, clarifying construction targets for underground power transmission networks. Meanwhile, improved technical standards for HV cable voltage withstanding, flame retardancy and corrosion resistance promote the standardized development of the industry.
Key Market Challenges
High technical and process barriers: Controlling the uniformity of insulation layers and conductor stranding processes for high-voltage grade cables is highly challenging. Ultra-high voltage products need to address technical problems such as partial discharge and heat loss, imposing high requirements on enterprises' R&D capabilities and production equipment.
Raw material cost fluctuation risks: Copper and aluminum conductors account for a large proportion of total production costs. Their price fluctuations directly affect enterprises' profit margins. High-end insulation materials still have a certain degree of import dependence, posing challenges to supply chain stability.
High laying and operation & maintenance costs: Underground cable laying requires earth excavation and tunnel construction, resulting in long construction cycles and high costs. Post-operation fault detection and maintenance are difficult, requiring supporting professional testing equipment and technical teams, which further pushes up operation and maintenance costs.
Intensified market competition: The medium and high-voltage cable market has a large number of participants, leading to fierce homogeneous competition and compressed profit margins for enterprises. Although the ultra-high voltage market has high technical thresholds, competition between international brands and domestic leading enterprises is becoming increasingly fierce.
LP Information, Inc. (LPI) ' newest research report, the “Single Core Land High Voltage Underground Cable Industry Forecast” looks at past sales and reviews total world Single Core Land High Voltage Underground Cable sales in 2025, providing a comprehensive analysis by region and market sector of projected Single Core Land High Voltage Underground Cable sales for 2026 through 2032. With Single Core Land High Voltage Underground Cable sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Single Core Land High Voltage Underground Cable industry.
This Insight Report provides a comprehensive analysis of the global Single Core Land High Voltage Underground Cable landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Single Core Land High Voltage Underground Cable portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Single Core Land High Voltage Underground Cable market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Single Core Land High Voltage Underground Cable and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Single Core Land High Voltage Underground Cable.
This report presents a comprehensive overview, market shares, and growth opportunities of Single Core Land High Voltage Underground Cable market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
HV
EHV
Segmentation by Insulating Materials:
XLPE Insulated Cables
Oil-filled Insulated Cables
Others
Segmentation by Functional Characteristics:
Conventional Cables
Smart Cables
Others
Segmentation by Application:
Direct Current
Alternative Current
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Prysmian Group
Nexans
Southwire
Hengtong Group
Furukawa Electric
Sumitomo Electric Industries
Qrunning Cable
LS Cable & System
Taihan Electric
Riyadh Cable
NKT Cables
Key Questions Addressed in this Report
What is the 10-year outlook for the global Single Core Land High Voltage Underground Cable market?
What factors are driving Single Core Land High Voltage Underground Cable market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Single Core Land High Voltage Underground Cable market opportunities vary by end market size?
How does Single Core Land High Voltage Underground Cable break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Single core land high voltage (HV) underground cables are specialized single-conductor power transmission cables designed for land-based underground power grid laying scenarios. Structurally composed of high-conductivity copper/aluminum conductors, high-voltage-resistant insulation layers, shielding layers, sheaths and metal armoring layers, cross-linked polyethylene (XLPE) is commonly adopted as the insulation material. Their core function is to realize safe, low-loss HV power transmission in scenarios such as urban power grids, industrial parks and new energy power station grid connection. Featuring advantages including minimal land occupation for laying, strong resistance to external mechanical damage and low susceptibility to natural environmental impacts, they serve as core components for constructing underground power transmission and distribution networks.The unit price ranges from $50–$800 per meter, significantly affected by voltage grade, conductor cross-section and insulation material. Basic 110kV cables with small cross-sections are priced at $50–$150 per meter; 220kV–500kV medium and high-voltage cables with large cross-sections are sold at $150–$400 per meter; 750kV and above ultra-high voltage cables or customized products adopting high-temperature and corrosion-resistant special insulation materials can reach $400–$800 per meter. Long-distance bulk purchases are eligible for certain bargaining space.
Industry Chain Structure
Upstream: Consists of suppliers of core materials including copper/aluminum conductors, XLPE insulation compounds, shielding materials, metal armoring materials and cable accessories. Conductor purity and the voltage withstanding performance of insulation materials directly determine the core quality and safety threshold of cables.
Midstream: Covers cable design, conductor stranding, insulation extrusion, shielding and sheath coating, as well as finished product testing processes. All products need to pass stringent verification such as voltage withstanding tests and partial discharge tests. Some enterprises have integrated supply capabilities of cables and accessories.
Downstream: Connects with power grid operators, new energy power station investors and industrial park construction units, applied in scenarios such as urban underground power grids, cross-regional power transmission projects and new energy grid connection, serving as the core carrier of underground power transmission networks.
Core Market Drivers
Demand from urban power grid underground transformation: Accelerated urbanization drives the conversion of overhead lines to underground cables, alleviating land resource constraints, reducing the impact of power grids on urban landscapes and directly boosting the baseline demand for single core land HV underground cables.
Pull from new energy grid connection projects: Most solar and wind power stations are located in remote areas, requiring HV underground cables to achieve long-distance power transmission and grid integration, spawning incremental demand for large-cross-section, high-voltage-resistant cables.
Appeal for improved power grid safety and reliability: Compared with overhead lines, underground cables are less affected by extreme weather and external damage, providing higher power supply stability. Power grid enterprises continue to increase investment in underground cables to enhance the risk resistance of power systems.
Policy and standard guidance: Countries around the world have issued policies related to power grid upgrading and new energy development, clarifying construction targets for underground power transmission networks. Meanwhile, improved technical standards for HV cable voltage withstanding, flame retardancy and corrosion resistance promote the standardized development of the industry.
Key Market Challenges
High technical and process barriers: Controlling the uniformity of insulation layers and conductor stranding processes for high-voltage grade cables is highly challenging. Ultra-high voltage products need to address technical problems such as partial discharge and heat loss, imposing high requirements on enterprises' R&D capabilities and production equipment.
Raw material cost fluctuation risks: Copper and aluminum conductors account for a large proportion of total production costs. Their price fluctuations directly affect enterprises' profit margins. High-end insulation materials still have a certain degree of import dependence, posing challenges to supply chain stability.
High laying and operation & maintenance costs: Underground cable laying requires earth excavation and tunnel construction, resulting in long construction cycles and high costs. Post-operation fault detection and maintenance are difficult, requiring supporting professional testing equipment and technical teams, which further pushes up operation and maintenance costs.
Intensified market competition: The medium and high-voltage cable market has a large number of participants, leading to fierce homogeneous competition and compressed profit margins for enterprises. Although the ultra-high voltage market has high technical thresholds, competition between international brands and domestic leading enterprises is becoming increasingly fierce.
LP Information, Inc. (LPI) ' newest research report, the “Single Core Land High Voltage Underground Cable Industry Forecast” looks at past sales and reviews total world Single Core Land High Voltage Underground Cable sales in 2025, providing a comprehensive analysis by region and market sector of projected Single Core Land High Voltage Underground Cable sales for 2026 through 2032. With Single Core Land High Voltage Underground Cable sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Single Core Land High Voltage Underground Cable industry.
This Insight Report provides a comprehensive analysis of the global Single Core Land High Voltage Underground Cable landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Single Core Land High Voltage Underground Cable portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Single Core Land High Voltage Underground Cable market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Single Core Land High Voltage Underground Cable and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Single Core Land High Voltage Underground Cable.
This report presents a comprehensive overview, market shares, and growth opportunities of Single Core Land High Voltage Underground Cable market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
HV
EHV
Segmentation by Insulating Materials:
XLPE Insulated Cables
Oil-filled Insulated Cables
Others
Segmentation by Functional Characteristics:
Conventional Cables
Smart Cables
Others
Segmentation by Application:
Direct Current
Alternative Current
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Prysmian Group
Nexans
Southwire
Hengtong Group
Furukawa Electric
Sumitomo Electric Industries
Qrunning Cable
LS Cable & System
Taihan Electric
Riyadh Cable
NKT Cables
Key Questions Addressed in this Report
What is the 10-year outlook for the global Single Core Land High Voltage Underground Cable market?
What factors are driving Single Core Land High Voltage Underground Cable market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Single Core Land High Voltage Underground Cable market opportunities vary by end market size?
How does Single Core Land High Voltage Underground Cable break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
114 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Single Core Land High Voltage Underground Cable by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Single Core Land High Voltage Underground Cable by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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