Underground Cabling Engineering, Procurement, and Construction (EPC) Market

By Insulation;

PVC, XLPE, and Rubber

By Installation;

Direct Buried, Trough, Tunnels, and GILs

By Voltage;

High Voltage and Low Voltage

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn280067371 Published Date: August, 2025 Updated Date: September, 2025

Underground Cabling Engineering, Procurement, and Construction (EPC) Market Overview

Underground Cabling Engineering, Procurement, and Construction (EPC) Market (USD Million)

Underground Cabling Engineering, Procurement, and Construction (EPC) Marketwas valued at USD 17,107.11 million in the year 2024. The size of this market is expected to increase to USD 22,511.79 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4%.


Underground Cabling Engineering, Procurement, and Construction (EPC) Market

*Market size in USD million

CAGR 4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4 %
Market Size (2024)USD 17,107.11 Million
Market Size (2031)USD 22,511.79 Million
Market ConcentrationHigh
Report Pages341
17,107.11
2024
22,511.79
2031

Major Players

  • Gupta Power
  • Anixter
  • APAR
  • Kalpataru
  • Sumitomo

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Underground Cabling Engineering, Procurement, and Construction (EPC) Market

Fragmented - Highly competitive market without dominant players


The Underground Cabling Engineering, Procurement, and Construction (EPC) Market is experiencing substantial growth as industries move from overhead networks to advanced underground systems. This shift enhances operational reliability, safety, and efficiency, with more than 40% of energy and communication infrastructure now adopting underground cabling to strengthen long-term performance and sustainability.

Rising Demand for Reliable Infrastructure
The increasing focus on system reliability and uninterrupted services is accelerating underground cabling adoption. Nearly 35% of utilities are investing in underground EPC projects to reduce outages and improve service continuity. These efforts are also aligned with modernization strategies that support future-ready networks in both energy and telecom.

Technological Advancements Driving Adoption
Innovations in cable design, insulation materials, and digital monitoring technologies have significantly boosted project efficiency. Around 50% of newly deployed underground cabling integrates smart fault detection and predictive systems, improving asset longevity and minimizing risks. These advancements are reshaping execution standards and enabling faster project delivery.

Growing Focus on Safety and Efficiency
Organizations are prioritizing safety and operational effectiveness, making underground cabling a preferred alternative to overhead lines. Approximately 45% of firms emphasize underground systems as safer, lowering risks from weather and environmental hazards. This commitment to safety reinforces confidence and accelerates adoption across key sectors.

Future Outlook and Expansion Opportunities
The Underground Cabling EPC Market is positioned for rapid expansion, supported by digitalization and renewable integration. Nearly 60% of infrastructure providers plan to increase investments in underground cabling projects, reflecting its critical role in future-ready infrastructure. Ongoing research and collaborative initiatives will further unlock opportunities and expand industry applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Insulation
    2. Market Snapshot, By Installation
    3. Market Snapshot, By Voltage
    4. Market Snapshot, By Region
  4. Underground Cabling Epc Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Reliable Power Transmission
        2. Urbanization and Infrastructure Development
      2. Restraints
        1. High Installation Costs
        2. Permitting and Regulatory Challenges
        3. Skilled Labor Shortage
      3. Opportunities
        1. Technological Advancements
        2. Focus on Renewable Energy Integration
        3. Growth in Emerging Economies
    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. Underground Cabling Epc Market, By Insulation, 2021 - 2031 (USD Million)
      1. PVC
      2. XLPE
      3. Rubber
    2. Underground Cabling Epc Market, By Installation, 2021 - 2031 (USD Million)
      1. Direct Buried
      2. Trough
      3. Tunnels
      4. GILs
    3. Underground Cabling Epc Market, By Voltage, 2021 - 2031 (USD Million)
      1. High Voltage
      2. Low Voltage
    4. Underground Cabling Epc 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. Gupta Power
      2. Anixter
      3. APAR
      4. Kalpataru
      5. Sumitomo

  7. Analyst Views
  8. Future Outlook of the Market