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Asia Pacific Power and Control Cable Market Share

Report ID: GMI7356
Published Date: Nov 2023
Report Format: PDF

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Asia Pacific Power and Control Cable Market Share

Prysmian Group holds a significant presence in the Asia Pacific power and control cable industry, known for its extensive expertise in the development and production of a wide range of cable technologies, including power cables and control cables. With a deep-rooted history in the cable industry, the company has provided cable solutions across a diverse array of applications, serving various industries and utilities.

Some of the key market players operating across the Asia Pacific power and control cable industry are:

Prysmian Group
Nexans
Southwire Company LLC
Belden Inc.
KEC International Ltd.
FURUKAWA ELECTRIC CO., LTD.
LS Cable & System Ltd.
NKT A/S
Sumitomo Electric Industries, Ltd.
Ducab
Klaus Faber AG
Bergen Cable Technology
Encore Wire Corporation
TPC Wire & Cable
The Okonite Company
Marmon Holdings, Inc.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of Asia Pacific power and control cable was worth USD 53.6 billion in 2022 and is poised to expand at 7.7% CAGR from 2023 to 2032, attributed to the surge in purchasing power parity (PPP) in the last ten years across the region.

The power and control cable market from the power cable segment accounted for more than USD 44.8 billion in 2022 and is likely to record significant growth through 2032, owing to their widespread application in the broader wires and cables industry due to their extensive use in networks with lower-rated capacities.

China power and control cable market held more than 33.2% revenue share in 2022 and is estimated to expand at a notable growth rate through 2032, driven by the ongoing investment in infrastructure projects, including transportation, utilities, and urban development.

The major companies engaged in the power and control cable industry are Prysmian Group, KEC International Ltd., Southwire Company LLC, Nexans, Belden Inc., Bergen Cable Technology, FURUKAWA ELECTRIC CO., LTD., LS Cable & System Ltd., Sumitomo Electric Industries, Ltd., Ducab, Klaus Faber AG, Encore Wire Corporation, The Okonite Company, and Marmon Holdings, Inc., among others.