The overhead cables market is estimated to be valued at US$ 69.8 billion in 2023 and is expected to reach US$ 119.8 billion by 2033. The adoption of overhead cables is likely to advance at a CAGR of 5.6% during the forecast period.
An eminent driver is the rapid development of renewable energy sources. The increasing emphasis on clean and sustainable energy has propelled the demand for overhead cables. Wind farms, solar power installations, and other renewable energy projects require efficient transmission systems to transport electricity from generation sites to distribution networks. This driver not only supports the growth of the overhead cables market but also contributes to the global transition towards a greener energy landscape.
A significant driver is the expansion of smart cities and IoT connectivity. As urban areas become more interconnected and technologically advanced, the demand for reliable and high-speed communication networks escalates. Overhead cables play a vital role in supporting the infrastructure needed for smart city applications, including intelligent transportation systems, surveillance systems, and data connectivity. The integration of IoT devices further drives the demand for overhead cables to ensure seamless and uninterrupted data transmission.
The electrification of transportation is a prominent driver that has gained significant traction in recent years. The rising adoption of electric vehicles (EVs) necessitates the development of robust charging infrastructure, which heavily relies on overhead cables for power transmission. The expansion of EV charging networks presents a unique opportunity for the overhead cables market to cater to the growing demands of this emerging industry.
The modernization and upgrade of existing overhead cable infrastructure act as a key driver for market growth. Aging infrastructure in many regions requires replacement or retrofitting with advanced overhead cable systems to improve efficiency, reduce power losses, and enhance overall reliability. The need for grid modernization drives investments in the overhead cables market, stimulating growth and innovation.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | US$ 69.8 billion |
| Projected Market Size (2033) | US$ 119.8 billion |
| CAGR through (2023 to 2033) | 5.6% |
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The global overhead cables market witnessed substantial growth and transformation from 2018 to 2022, marked by a remarkable compound annual growth rate (CAGR) of 7.6%. This period saw the market expanding at a rapid pace, driven by factors such as urbanization, infrastructure development, and the increasing demand for efficient power transmission systems worldwide. The market experienced advancements in technology, leading to the development of high-performance materials, improved insulation capabilities, and increased power carrying capacities of overhead cables. The adoption of renewable energy sources, including wind and solar power, also played a crucial role in driving the market's growth during this period.
Moving forward, the global overhead cables market is expected to continue its upward trajectory, albeit at a slightly slower pace, with a projected CAGR of 5.6% from 2023 to 2033. The market remains poised for steady growth and ongoing innovation in this forecast period. Factors such as ongoing infrastructure development, the expansion of smart cities, and the electrification of rural areas are expected to drive the demand for overhead cables.
The transition towards cleaner energy sources and the integration of advanced technologies like smart grids and electric vehicle charging infrastructure will create new opportunities for market growth. Continuous research and development efforts are anticipated to yield further advancements in overhead cable design, focusing on enhanced durability, environmental sustainability, and reduced transmission losses. Despite a slightly lower growth rate, the global overhead cables market continues to hold significant potential for expansion and innovation in the coming years.
| Period | Market Size (in US$ billion) |
|---|---|
| 2022 | US$ 65.6 billion |
| 2023 | US$ 69.8 billion |
| 2033 | US$ 119.8 billion |
As per FMI analysis, the United States is anticipated to grow at a CAGR of 5.5% over the assessment period. The United States overhead cables market has witnessed remarkable growth in recent years, fueled by the nation's increasing demand for reliable and efficient power transmission systems. Spanning across vast distances, overhead cables serve as the lifelines for electricity distribution, catering to urban, suburban, and rural areas alike.
The market offers a diverse range of cable types, including low voltage, medium voltage, and high voltage variants, each tailored to specific requirements. With a focus on innovation and technological advancements, the United States continues to invest in upgrading its aging infrastructure, driving the demand for modern overhead cables.
As the nation strives for sustainable energy solutions, the overhead cables market remains a key enabler, empowering a resilient and interconnected electrical grid for a brighter future.
From 2023 to 2033, the United Kingdom is projected to witness a substantial CAGR of 5.3% within the European region. The United Kingdom overhead cables industry stands at the forefront of cutting-edge technology and infrastructure development. With a strong emphasis on renewable energy and sustainability, the industry plays a crucial role in enabling the efficient transmission and distribution of power across the nation.
From bustling cities to remote rural areas, overhead cables form an essential component of the United Kingdom's electrical grid, providing reliable and uninterrupted electricity supply. The industry encompasses a wide range of cable types, including high voltage, medium voltage, and low voltage variants, designed to meet the diverse needs of the United Kingdom's energy landscape. With ongoing investments in grid modernization and renewable energy projects, the United Kingdom overhead cables industry is poised for continued growth and innovation.
During the projected timeframe, there is a projected surge in sales of overhead cables across China, anticipated to grow at a CAGR of 5.5%. The China overhead cables market is a force to be reckoned with, embodying the country's rapid industrialization and infrastructural advancements. With its colossal population and booming economy, China's insatiable appetite for energy drives the demand for robust and efficient overhead cable systems.
The market is a hotbed of innovation and competition, with both domestic and international players vying for a slice of the pie. From high voltage transmission lines to low voltage distribution networks, China's overhead cables cater to diverse needs across urban and rural landscapes. As the nation continues its ambitious development plans, the China overhead cables market stands as a testament to its unwavering commitment to progress and connectivity.
Principal Consultant
The low-voltage segment is expected to witness steady growth during the forecast period, with a CAGR of 5.4%. Low voltage is expected to dominate the type segment in the overhead cables market due to its widespread application in residential and commercial sectors.
With the increasing demand for reliable and energy-efficient power distribution, low voltage cables offer cost-effective solutions, making them the preferred choice for a majority of consumers.
The residential segment is expected to witness significant growth during the forecast period, with a CAGR of 5.1%. The residential segment dominates the application segment in the overhead cables market due to the significant demand for reliable electricity distribution in households.
As the majority of consumers rely on overhead cables for power transmission, the residential sector represents a large and essential market for these cables, driving its dominance in the industry.
The overhead cables market is a competitive landscape characterized by a diverse range of players offering innovative solutions. These companies focus on delivering high-quality overhead cables that cater to the specific needs of various industries. The market is driven by factors such as technological advancements, rising infrastructural development, and increasing demand for efficient power transmission and distribution.
Key players in this landscape emphasize product differentiation, cost-effectiveness, and sustainability to gain a competitive edge. They strive to enhance their market position by investing in research and development, expanding their product portfolios, and establishing strategic partnerships. Overall, the overhead cables market remains vibrant with fierce competition and a constant drive for innovation.
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| Strategies for Overhead Cables Manufacturers to Expand in the Market |
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Product Portfolio:
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | US$ 69.8 billion |
| Market Value in 2033 | US$ 119.8 billion |
| Growth Rate | CAGR of 5.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ billion and CAGR from 2023-2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization & Pricin | Available Upon Request |
The global overhead cables market is valued at US$ 119.8 billion in 2023.
Nexans, Prysmian, and LS Cable & System are key players in the market.
Low voltage is likely to remain the preferred product type through 2033.
Players opt for mergers and acquisitions to expand their market share.
India, Japan, and China dominate the Asian market for overhead cables.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Meter) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Low Voltage
5.3.2. Medium Voltage
5.3.3. High Voltage
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Application , 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Application , 2023 to 2033
6.3.1. Residential
6.3.2. Utility
6.3.3. Commercial
6.3.4. Industrial
6.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Type
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Type
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Amphenol Corporation
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Alan Wire Company
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Alpha Wire
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. ABL Electronic Supplies, Inc.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. AEI Cables Ltd.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. AFC Cable Systems, Inc.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Allied Wire & Cable, Inc.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Asia Pacific Wire & Cable Corporation Ltd.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Asta Elektrodraht GmbH
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Atlas Wire LLC
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Overhead Cables Market
