Europe Control Cable Market Size - By Cable Type (CY Cable, YY Cable, SY Cable, LiYCY Cable, LiYY Cable, LiHH Cable, LiHCH Cable), By Application (Conveyor Systems, Air Conditioning Systems, Machine, Tool Manufacturing, Power Distribution), & Forecast, 2024 – 2032

Europe Control Cable Market Size

Europe Control Cable Market was valued at USD 4.1 billion in 2023 and is estimated to grow at a CAGR of over 7.6% from 2024 to 2032, driven by rising demand across diverse sectors, including manufacturing, automation, and telecommunications. The region's focus on technological advancements, combined with the expanding industrial infrastructure, is fostering the requirement for effective control systems, thereby increasing the demand for control cables. The automotive sector's shift towards electric vehicles is also contributing to the demand for specialized control cables, establishing Europe as a key hub for the flourishing control cable market.
 

Many companies are investing significantly in the cable industry and launching variety of the products, creating a large scope for control cable business in Europe. For instance, in November 2021, Belden announced several product launches, emphasizing reliability, flexibility, and safety at the forefront in the organization & industrial environments.
 

Europe Control Cable Market Trends

Growing urbanization in Europe has spurred the need for efficient and interconnected systems, driving the demand for control cables. As smart infrastructure becomes integral to urban development, these cables play a crucial role in ensuring seamless communication and control within complex networks. The rising demand for specialized cables further amplifies this trend, as industries require tailored solutions for specific applications. Whether in transportation, energy, or telecommunications, control cables are essential for transmitting signals and data.
 

Consequently, the convergence of urbanization, smart infrastructure, and the increasing need for specialized cables synergistically propels the control cable market forward in Europe, meeting the evolving requirements of modernized urban environments. For instance, in July 2022, a communications infrastructure provider in the United States inaugurated the Zeus subsea route, facilitating faster internet connections desired by cloud service providers, linking the United Kingdom and continental Europe. Governments regulations regarding safety standards and environmental concerns have also encouraged industries to invest in high-quality power and control cables to ensure operational efficiency and compliance.
 

Europe Control Cable Market Analysis

The CY cable segment is projected to reach more than USD 1.5 billion by 2032 predominantly attributable to its superior attributes and adaptability. Renowned for exceptional shielding capabilities. Rising internet infrastructure is also propelling the demand for control cable across Europe. The pervasive use of CY cables across diverse sectors has been instrumental in consolidating a significant market share for this segment in the European market.
 

The low voltage sector is likely to register more than 7.3% CAGR through 2032, driven by its extensive applications and adaptability. Widely utilized across residential, commercial, and industrial domains, low voltage systems play a pivotal role in powering control and automation systems. The notable growth in smart home technologies adoption further solidify the low voltage segment's significant market presence, positioning it as the preferred solution for various applications within the region.
 

The Germany control cable market is anticipated to exceed USD 1.7 billion by 2032. Germany maintains a leading position within the European control cable sector, propelled by a harmonious combination of advanced technological prowess, robust manufacturing infrastructure, and a sizable consumer base. Companies are actively innovating to broaden their market reach. For instance, in January 2023, Prysmian unveiled its 864f cable as an extension of its Sirocco HD line of micro duct cables, tailored for seamless integration into 5G systems. These strategic initiatives significantly bolster the nation's considerable market share in the European control cable landscape.
 

Europe Control Cable Market Share

Prysmian's leadership in the control cable sector is a result of its extensive product portfolio, advanced technological capabilities, and worldwide footprint. The company consistently allocates resources to research and development, delivering innovative solutions to address a wide range of customer requirements.
 

Europe Control Cable Market Companies

Eminent players operating in the Europe control cable industry include:

• AT&T
• ABB
• Birla Cable Limited
• Belden Inc.
• Finolex
• FURUKAWA ELECTRIC CO. LTD.
• HELUKABEL
• Havells
• KEI Industries Limited
• Leoni Cables
• LS Cable & Systems.
• NKT A/S
• Nexans
• Omni Cables
• Prysmian S.P.A
• Polycab
• RR Kabel
• Riyadh Cables
• Southwire Company, LLC.
• Sumitomo Electric Industries, Ltd.
• TE Connectivity
   

Europe Control Cable Industry News

• In September 2022, In September 2022, Omni Cable acquired Bay Wire that provides multiple wire and cable products including copper building wire to the electrical distribution sector. With the acquisition, Bay Wire will continue to operate independently while getting support from Omni Cable whenever they find requirement.
   
• In January 2023, Nexans partnered with TriMet to develop a recycled aluminum material for the aluminium rod manufacturing used in electrical cables. These companies are carbon footprint reduction as the product has the ability to fulfil technical requirements.
   

This Europe control cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Tonnes” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Cable Type

• CY Cable
• YY Cable
• SY Cable
• LiYCY Cable
• LiYY Cable
• LiHH Cable
• LiHCH Cable

Market, By Voltage

• Low
• Medium
• High

Market, By Application

• Conveyor Systems
• Assembly Links
• Robotics Production Lines
• Air Conditioning Systems
• Machine
• Tool Manufacturing
• Power Distribution

The above information has been provided for the following countries:

• UK
• France
• Netherlands
• Italy
• Spain
• Germany
• Russia