Asia Pacific Power and Control Cable Market Size - By Product (Power Cable, Control Cable), By Voltage (Low Voltage {LV Power, LV Control}, Medium Voltage, High Voltage), By Application (Utilities, Industries {Power Plants, Oil & Gas, Cement) & Forecast,

Asia Pacific Power and Control Cable Market Size - By Product (Power Cable, Control Cable), By Voltage (Low Voltage {LV Power, LV Control}, Medium Voltage, High Voltage), By Application (Utilities, Industries {Power Plants, Oil & Gas, Cement) & Forecast, 2023 - 2032

Asia Pacific Power and Control Cable Market is set to observe more than 7.7% CAGR between 2023 and 2032, driven by the escalating demand for energy infrastructure and the rapid industrialization. As countries in Asia Pacific continue to invest in modernizing their power grids and industrial facilities, there is a heightened need for reliable and efficient power and control cables.

The construction sector, particularly in developing economies, necessitates the product deployment for various applications, including residential, commercial, and infrastructure projects. This surge in construction projects, ranging from smart cities to transportation networks, boosts the demand for cables, fostering market expansion. In March 2023, Orient Cable, a Chinese power cable manufacturer, secured a USD 250 million Engineering, Procurement, Construction, and Installation (EPCI) contract for a 1 GW offshore wind project in China. The contract included engineering, transportation, installation, and pre-commissioning of two 500 kV 3-core export cables spanning 60 km.

Asia Pacific power and control cable industry is segmented based on product, voltage, application, and region.



Control cable segment will record a decent growth between 2023 and 2032, backed by its role in regulating and managing electrical systems. As industries across the region are increasingly adopting sophisticated automation and control technologies, there is a growing demand for high-performance control cables to ensure seamless transmission of signals and commands. These cables are integral to the efficient operation of machinery, industrial processes, and infrastructure systems.

Utilities segment will witness a strong growth rate throughout 2023-2032, owing to growing focus on enhancing and expanding region’s utility infrastructure. It encompasses a wide range of applications, including substation connections, underground cabling, and grid interconnections, all of which necessitate specialized cables for efficient power management. As countries prioritize the development of robust and reliable power grids, there is an increasing demand for power and control cables to support electricity transmission and distribution networks.

India power and control cable industry size will witness rapid expansion during the forecast period, attributed to rapid urbanization, government initiatives in infrastructure development, and the burgeoning renewable energy sector. With the ongoing expansion of urban areas and the need for modernized electrical systems, there is a substantial demand for reliable power and control cables in construction projects. Government-led initiatives such as Make in India and increased investment in smart cities necessitate advanced cable solutions for power distribution and control applications. All these factors will collectively stimulate the regional market growth.