Power and Control Cable Market Size By Product (Power Cable, Control Cable), By Voltage (HV, MV, LV), By Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Sh

Power and Control Cable Market Size By Product (Power Cable, Control Cable), By Voltage (HV, MV, LV), By Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

It is estimated that the global power and control cable market will record substantial gains in the forthcoming years. Both developed and emerging countries are investing in the upgradation of the existing electrical infrastructure and the deployment of new microgrid networks. The increasing demand for reliable and continuous power supply globally along with need for sustainable power generation will strengthen the industry outlook in the future.

Power and control cables are among the common types of exporting cables widely used in the transmission and distribution networks alongside other electrical equipment. Power cables are generally used to transmit and distribute high-voltage electrical energy in trunk lines of power systems. These include numerous types of insulated power cables with various voltage levels ranging from 1 KV to 500 KV and above.

Power cables have an external sheath which provides robust strength, protection, and durability to the cable, enabling them to transfer high volume of energy without any strain or tension. Unlike control cables, these cables have a unique color coding system that distinguishes the low voltage carriers from their high voltage counterparts.

Control cables, on the other hand, belong to the class of instrumentation cables. They allow the distribution of data and signal that have low voltage. These cables are specifically designed for the centralized automation control of the electrical equipment. It is also used to control a range of automatic, command control, and wire control circuit cables. Their role is to transmit the control instructions through the non-load cable.

Control cables offer excellent resistance to interference, making them ideal for transmitting low voltage signals. They are suitable for industrial, mining, transportation, and energy applications for the transmission of rated voltage 450/750 volts below the control and protection lines. These cables typically have a PVC and insulated PVC sheath that protects them from impact and harsh environmental conditions. They also have a copper conductor enveloped in galvanized steel.

From a geographical point of view, the North America power and control cable market is slated to witness notable growth in the near future, driven by the growing number of ongoing projects to replace the existing electrical infrastructure with advanced, high-quality power equipment.

Meanwhile, the power and control cable industry in Latin America is likely to grow substantially over the next few years. The regional trends can be attributed to the increasing investments in the development of high-capacity alternative energy sources in Argentina and Chile.