Asia Pacific Power and Control Cable Market Size

The Asia Pacific power and control cables market was valued at USD 63.3 billion in 2024 and is estimated to grow at a CAGR 7.2% from 2025 to 2034, due to the rapid industrialization and urbanization across the region. Countries like China, India, and Southeast Asian nations are heavily investing in infrastructure development, including power generation, transmission, and distribution networks, which boosts the demand for power and control cables. The transition towards renewable energy sources, such as solar and wind power, is also driving the market as these projects require specialized cabling solutions. Additionally, advancements in smart grid technologies and the adoption of energy-efficient systems are further propelling demand.

The region's expanding construction sector, fueled by government initiatives and private investments, supports increased deployment in residential, commercial, and industrial projects. The growth of industries such as manufacturing, telecommunications, and IT also contributes to rising demand for control cables. Favorable policies, coupled with increasing foreign direct investments, are key drivers fostering market expansion in Asia Pacific.

Asia Pacific Power and Control Cable Market Trends

Governments across the region are emphasizing renewable energy adoption to reduce carbon emissions. Countries such as China, India, Japan, and Australia are heavily investing in solar and wind energy projects, creating a significant demand for high-performance power and control cables. These cables are essential for transmitting energy from renewable sources to grids and end users. Urbanization in emerging economies, particularly in Southeast Asia, is leading to substantial investments in smart cities, public utilities, and transportation systems. This urban growth drives demand for power distribution networks and control systems, requiring robust cabling infrastructure to ensure reliability and efficiency.

The rise of industrial automation, coupled with the growth of manufacturing sectors in China, India, and Vietnam, is fueling demand for control cables used in machinery, robotics, and factory operations. These cables facilitate seamless communication and power transmission, ensuring operational efficiency. Manufacturers are focusing on developing fire-resistant, halogen-free, and environmentally friendly cables to meet stringent safety regulations and sustainability goals. These advanced cables are gaining popularity in residential, commercial, and industrial applications.

Asia Pacific Power and Control Cable Market Analysis

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Based on product, the power cable segment is anticipated to surpass USD 107.6 billion by 2034, since the Governments across the region are emphasizing renewable energy adoption to reduce carbon emissions. Countries such as China, India, Japan, and Australia are heavily investing in solar and wind energy projects, creating a significant demand for high-performance power and control cables. These cables are essential for transmitting energy from renewable sources to grids and end users. Urbanization in emerging economies, particularly in Southeast Asia, is leading to substantial investments in smart cities, public utilities, and transportation systems.

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Based on voltage, the low voltage segment in the Asia Pacific power and control cables market is projected to achieve a CAGR of over 7.1% through 2034, driven by the rise in large-scale infrastructure projects, including smart cities and rural electrification initiatives, is boosting the demand for reliable and efficient power cables. Governments in countries like India, China, and Indonesia are actively expanding electricity access in remote areas, driving the adoption of power cables for grid extensions and upgrades. The accelerating shift toward renewable energy sources such as solar and wind power requires advanced power cable solutions to connect power generation facilities to transmission networks.

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The China power and control cable market is projected to surpass USD 41.8 Billion by 2034, since the China is heavily investing in modernizing and expanding its power generation, transmission, and distribution infrastructure to meet the growing electricity demand in urban and rural areas. These initiatives necessitate the widespread deployment of power and control cables. As the global leader in renewable energy capacity, China is rapidly expanding its solar, wind, and hydropower projects. These developments require high-quality cables to ensure efficient energy transmission and grid integration.

Asia Pacific Power and Control Cable Market Share

Companies such as Prysmian Group and Belden Inc. hold a significant share in the Asia Pacific power and control cable industry due to several strategic and operational advantages. These companies offer a comprehensive range of power and control cables, including low, medium, and high-voltage variants, as well as specialty cables designed for industrial, renewable energy, and infrastructure applications. Prysmian and Belden are known for investing heavily in research and development to deliver innovative, high-performance, and sustainable cable solutions. Fire-resistant, halogen-free, and energy-efficient cables from these companies are widely preferred for compliance with strict safety and environmental regulations.

Asia Pacific Power and Control Cable Market Companies

Major players operating in the Asia Pacific power and control cables industry are:

• Belden
• Bergen Cable Technology
• Ducab
• Encore Wire Corporation
• Furukawa Electric
• KEC International
• Klaus Faber
• LS Cable & System
• Marmon Holdings
• Nexans
• NKT
• Prysmian Group
• Southwire Company
• Sumitomo Electric Industries
• The Okonite Company
• TPC Wire & Cable
  

Asia Pacific Power and Control Cable Industry News

• In April 2022, KEI Industries Limited supplied low & high voltage cables worth over USD 2.8 million to the Konkan Railway Corporation. Konkan railway route is considered to be the biggest route across the Indian railways, which recently has completed electrification of its 741-km route between Roha and Thokur from Maharashtra to Karnataka. This supply contract enhanced the company’s presence across the region and strengthen its market position across the power and control cable industry.
  

This Asia Pacific power and control cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million from 2021 to 2034, for the following segments:

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Market, By Product

• Power Cable
• Control Cable

Market, By Voltage

• Low Voltage
  • LV Power
  • LV Control 
• Medium Voltage
• High Voltage

Market, By Application

• Utilities
• Industries
  • Power Plants
  • Oil & Gas
  • Cement
  • Others

The above information has been provided for the following countries:

• China
• India
• Japan
• South Korea
• Australia