Global High-voltage Power Cable Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Installation;

Overhead, Underground, and Submarine.

By Voltage;

High-voltage, Extra-high voltage, and Ultra high voltage.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn560798931 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global High-voltage Power Cable Market (USD Million), 2021 - 2031

In the year 2024, the Global High-voltage Power Cable Market was valued at USD 41,696.22 million. The size of this market is expected to increase to USD 53,049.24 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.5%.

The Global High-voltage Power Cable Market encompasses a dynamic landscape driven by the increasing demand for reliable electricity transmission infrastructure across various sectors. High-voltage power cables play a pivotal role in facilitating efficient and secure transmission of electricity over long distances, connecting power generation sources to distribution networks and end-users. This introduction explores the key factors shaping the global high-voltage power cable market, including market segmentation, drivers, challenges, and opportunities.

In recent years, the global high-voltage power cable market has witnessed significant growth attributed to several driving factors. Rapid urbanization, industrialization, and infrastructural development, particularly in emerging economies, have led to increased demand for reliable electricity transmission and distribution networks. Additionally, the growing adoption of renewable energy sources, such as wind and solar power, has fueled the need for high-voltage cables to connect renewable energy facilities to the grid.

The market is poised for significant growth driven by increasing energy demand, infrastructure development, and technological innovation. As stakeholders navigate the evolving market dynamics and regulatory landscape, collaboration, innovation, and strategic investments will be key to unlocking the full potential of this dynamic market segment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Installation
    2. Market Snapshot, By Voltage
    3. Market Snapshot, By Region
  4. Global High-voltage Power Cable Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for electricity infrastructure
        2. Growing renewable energy investments
        3. Grid modernization initiatives
        4. Urbanization and industrial growth
        5. Intercontinental power connections
      2. Restraints
        1. Regulatory hurdles and delays
        2. Land acquisition challenges
        3. Project delays and uncertainties
        4. Community resistance
        5. Skilled labor shortage
      3. Opportunities
        1. Renewable energy expansion
        2. Interregional transmission development
        3. Energy storage integration
        4. Grid infrastructure modernization
        5. Smart city/grid projects
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global High-voltage Power Cable Market, By Installation, 2021 - 2031 (USD Million)
      1. Overhead
      2. Underground
      3. Submarine
    2. Global High-voltage Power Cable Market, By Voltage, 2021 - 2031 (USD Million)
      1. High-voltage
      2. Extra-high voltage
      3. Ultra high voltage
    3. Global High-voltage Power Cable Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd.
      2. Siemens AG
      3. General Electric Company
      4. Schneider Electric SE
      5. Hitachi ABB Power Grids
      6. Toshiba Corporation
      7. Mitsubishi Electric Corporation
      8. Prysmian Group
      9. Nexans S.A.
      10. Sumitomo Electric Industries, Ltd.
      11. NKT A/S
      12. LS Cable & System Ltd.
      13. Furukawa Electric Co., Ltd.
      14. Southwire Company, LLC
      15. LEONI AG
  7. Analyst Views
  8. Future Outlook of the Market