DC Electric Cable Market Size

DC Electric Cable Market size was valued at USD 127.69 billion in 2023 and is expected to reach USD 249.88 billion by 2036, expanding at around 5.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of DC electric cable is evaluated at USD 133.1 billion.

The DC electric cable market is thriving on the back of increasing urbanization and rapidly growing building infrastructure, coupled with growing deployment of solar panels, increasing deployment of HVDC transmission and rise in the number of electronic devices. Additionally, rising consumption of energy worldwide on the back of growing demand for electrical and electronics is raising the need for implementation of safe and secured electrical distribution systems, which includes wires and cables, appropriate connectors, and others, which is also anticipated to contribute towards the growth of the market. Furthermore, rising concerns for safety and fire related occurrences held on the back of deployment of inappropriate wires and cables specified for use in electrical and electronic systems is also expected to contribute significantly towards the growth of the global DC electrical cable market.