Power Distribution Cables Market Research Report by Installation (Underground, Submarine), by Voltage [High Voltage, Ultra High Voltage (HVDC, HVAC)], by End-User (Industrial, Utility), and by Region (North America, Europe, Asia-Pacific, Middle East & Afr

The global power distribution cables market is forecasted to hit USD 32,421.3 million by 2030, registering a 6.9% CAGR by the end of 2030. Power distribution cables are essential components of the electrical grid, used to transmit electricity from local substations to various consumer points. They are engineered to handle different voltage levels, ensuring efficient and dependable power delivery.

The distribution cables for the power market are gaining momentum which is due to increasing electricity consumption and large investments in the T&D (transmission and distribution) sector all over the world. HVAC and HVDC cable use is rapidly growing as the main source for power supply over long distances and for the linking of different AC systems. Purely from the utilities’ standpoint, the next ten years will see them investing more than USD 3.2 trillion in grid development and upgrades, out of which much of the money will be spent on achieving the transition to clean, sustainable energy, reduction of carbon emissions, and energy efficiency, which in turn will be the prime movers of the market.

Key Company Development
Fujikura has greatly improved the telecom and fiber optic solution portfolio. It developed a new FR2 phased array antenna platform for mmWave 5G, which supports rapid prototyping with Avnet's RFSoC Explorer software, in June 2022. Earlier, in February 2022, the company launched FutureAccess, a 28GHz 5G mmWave module for wireless infrastructure. In the UK, AFL, a subsidiary of the company, started a new fiber optic cable plant in November 2021, while in September 2021, Fujikura launched the 41S+ fusion splicer with Active Fusion Control Technology.

Major Competitors
Key competitors in the global power distribution cables market are Prysmian Group, Nexans, Fujikura, Southwire Company, Sumitomo Electric Industries Ltd., Belden, Kei Industries, Amphenol, Finolex Cables, and Encore Wire Corp.

Report Attribute Details
• Market Size 2022: USD 17,866.0 Million
• Market Size 2030: USD 32,421.3 Million
• CAGR (2022-2030): 6.9%
• Base Year: 2021
• Market Forecast Period: 2022-2030

Market Segmentation Insights
• By Installation: Underground – 7.5%, Submarine - 6.5%.
• By Voltage: High Voltage – 7.7%, Ultra High Voltage - 6.2%.
• By End-User: Industrial – 7.6%, Utility – 6.4%.

Regional Perspectives
Europe’s power distribution cables market is expanding with increased reliance on undersea and cross-border electricity transmission. Organizations are focusing on finding ways to overcome such challenges as the high cost of converter stations and the complexity of multi-terminal system designs. The European market gained traction with significant contributions from the UK (USD 985.3 million), Germany (USD 938.1 million), and France (USD 779.4 million), driven by renewable integration.

The market in North America is thriving on the surge in renewable installations, specifically offshore wind, which plays a pivotal role. The US takes the lead due to the mega-projects like TransWest Express and Plains & Eastern Clean Line. North America posted strong figures in 2021, with the U.S. leading at USD 2,390.7 million and Canada adding USD 770.5 million, reflecting ongoing grid modernization.

Asia-Pacific is rapidly modernizing its grid, with China leading in HVDC innovations and large-scale renewable integration. India’s billion-dollar underground transmission projects and South Korea’s cable upgrades highlight the region’s focus on advanced infrastructure. APAC recorded remarkable expansion, spearheaded by China at USD 1,708.3 million and India at USD 860.6 million, emphasizing growing investment in power infrastructure.

MEA’s market expansion is supported by technological advancements in HVAC and HVDC cable systems. These solutions enable bulk power transfer over long distances while minimizing energy loss. Renewable power integration, particularly in Saudi Arabia, is accelerating the demand for innovative cable technologies.

South America’s market outlook is shaped by growing demand for high-quality cables across energy, telecom, and industrial sectors. R&D investments are geared toward developing safer, greener, and more durable wiring solutions. Expanding end-user purchasing power further supports the adoption of premium cabling products across the region. Show more