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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
How big is the Asia Pacific power and control cables market?
The Asia Pacific market for power and control cables was reached USD 63.3 billion in 2024 and is projected to grow at a 7.2% CAGR from 2025 to 2034, driven by rapid industrialization and urbanization across the region.
What is the growth outlook for the low voltage segment in the Asia Pacific power and control cables market?
The low voltage segment is projected to grow at a CAGR of over 7.1% through 2034, supported by large-scale infrastructure projects like smart cities and rural electrification initiatives.
Why is the demand for power cables increasing?
The power cable segment is expected to surpass USD 107.6 billion by 2034 as governments in the region invest heavily in renewable energy projects, including solar and wind, to reduce carbon emissions.
What trends are driving the China power and control cables market?
The China power and control cables market is expected to exceed USD 41.8 billion by 2034, fueled by investments in modernizing power infrastructure and expanding renewable energy projects.
Who are the major players in the Asia Pacific power and control cables market?
Key players include 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, and TPC Wire & Cable.