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Underground Cabling EPC Market Trends

  • Report ID: GMI3069
  • Published Date: Dec 2024
  • Report Format: PDF

Underground Cabling EPC Market Trends

Grid modernization is a central trend, as governments and utilities invest heavily in updating outdated power transmission systems. Smart grids, equipped with advanced digital technologies, are being deployed to enhance grid management, optimize energy flow, and improve system reliability. These grids integrate smart meters, sensors, and automation to provide real-time data, enabling better demand response and reducing energy losses. The push for smarter grids is essential for accommodating the growing demand for electricity and the integration of renewable energy sources. The rise of renewable energy, especially solar and wind, is significantly impacting the power transmission sector.

 

Renewable energy generation is often located in remote areas, requiring substantial infrastructure to transport power over long distances to urban consumption centers. As a result, power transmission systems are evolving to support high-capacity, long-distance transmission through technologies like High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS). These solutions enable more efficient and stable power transfer, reducing transmission losses. With the rapid economic growth of countries like China and India, the demand for electricity is skyrocketing.
 

As industries expand and populations increase, the need for reliable power transmission becomes more critical. Underground cabling offers an effective solution for the efficient and safe transmission of power in high-demand areas, including residential, industrial, and commercial zones. The need for increased capacity and a more reliable power grid is contributing to the rising demand for underground cables in APAC.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for underground cabling EPC was reached USD 7.4 billion in 2024 and is estimated to grow at a 5.2% CAGR from 2025 to 2034, driven by increasing urbanization and rising energy demand.

The single core segment is anticipated to surpass USD 6.3 billion by 2034, due to its cost-effectiveness and ease of installation compared to multi-core cables.

The low-tension segment is predicted to achieve a CAGR of over 4.4% through 2034, led by the increasing demand for low-voltage power distribution systems in densely populated urban areas.

The U.S. underground cabling EPC market is projected to surpass USD 1.8 billion by 2034, fueled by the growing need for underground power distribution systems in urban and suburban areas.

Major players in the underground cabling EPC market include Arteche, Gupta Power, Kalpataru Power Transmission Limited, KEC International, MasTec, Nexans, Polycab, Prysmian Group, and ZTT.

Underground Cabling EPC Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 9
  • Tables & Figures: 20
  • Countries covered: 21
  • Pages: 100
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