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High Voltage Power and Control Cable Market Share
Prysmian Group commands a significant share in the high voltage power and control cable industry due to its extensive product portfolio, technological innovations, and global presence. The company's expertise in designing and manufacturing reliable cables, coupled with its focus on meeting diverse customer needs, solidifies its position as a leader in the industry, driving its substantial market share.
High Voltage Power and Control Cable Market Companies
Some of the key market players operating across the low voltage power and control cable industry are:
- alfanar Group
- Brugg Kabel AG
- Bergen Cable Technology
- Ducab
- Elsewedy Electric
- Furukawa Electric Co., Ltd.
- Jeddah Cables
- Klaus Faber AG
- KEC International Limited
- KEI Industries Limited
- NKT A/S
- Nexans
- Prysmian Group
- Power Plus Cables Co. L.L.C.
- Riyadh Cables
- RR Kabel
- Southwire Company LLC
- Sumitomo Electric Industries Limited
- ZMS Cable Company. Ltd.
- ZTT
Why is the demand for high voltage power and control power cables growing?
The power cables segment is expected to cross over USD 50 billion by 2032, due to its advantages such as efficient electricity transmission and distribution, facilitating urbanization, industrialization, and infrastructure development.
What is the size of the high voltage power and control cable market?
The market size of high voltage power and control cable reached USD 31.2 billion in 2023 and is set to witness 7.4% CAGR from 2024-2032, owing to the increasing urbanization and industrialization, coupled with rising demand for electricity across various sectors worldwide.
Who are the key leaders in the high voltage power and control cable market?
Jeddah Cables, NKT A/S, Nexans, Prysmian Group, Power Plus Cables Co. L.L.C., Riyadh Cables, RR Kabel, Southwire Company LLC, Sumitomo Electric Industries Limited, ZMS Cable Company. Ltd., and ZTT, are some of the major high voltage power and control cable companies worldwide.
How big is the North America high voltage power and control cable industry?
North America market is expected to reach USD 24 billion by 2032, due rising electricity demand, urbanization, and government initiatives for renewable energy integration in the region.