High Voltage Cable Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Energy Consumption Around the World
- Robust Growth of Renewable Energy Sector
Challenges
- Delay in Electricity Project Approval in Lower Income Economies
High Voltage Cable Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.5% |
|
Base Year Market Size (2024) |
USD 43.23 billion |
|
Forecast Year Market Size (2037) |
USD 98.02 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of high voltage cable is evaluated at USD 45.62 billion.
High Voltage Cable Market size was valued at USD 43.23 billion in 2024 and is set to exceed USD 98.02 billion by 2037, expanding at over 6.5% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is estimated to account for largest revenue share by 2037, led by growing population and power requirement in the region.
The major players in the market are ABB Ltd, Finolex Cables Ltd, Nexans SA, Prysmian SpA, NKT A/S, and others.
