Europe 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
Europe Power and Control Cable Market is expected to witness a CAGR of 6.1% during 2023-2032, driven by infrastructural development, technological advancements, and the transition towards sustainable energy sources.
According to an article by Perkins in 2023, beyond typical urban development projects, the construction industry is set to witness a boom in colossal $1 billion+ megaprojects, signaling a transformative shift towards ambitious, large-scale initiatives that will redefine urban landscapes. Moreover, as per a study by Urban Data Platform Plus in 2023, the bulk of Europe's population resides in urban areas with population sizes ranging from 250,000 to 5 million, indicating rising construction activities.
Current construction projects in European urban centers are driving the need for sophisticated power and control cable solutions to guarantee effective energy distribution. With countries in Europe prioritizing sustainability and transitioning towards cleaner energy alternatives, there is a notable increase in demand for power and control cables that align with renewable energy systems.
Europe power and control cable industry is classified based on product, voltage, application, and region.
The power cable segment is anticipated to register decent growth through 2032 driven by their ability to handle high voltage and current. The product is thereby witnessing increased adoption across residential, commercial, and industrial sectors. Moreover, their efficiency, durability, and enhanced safety features contribute to their growing prominence in applications ranging from power generation plants to smart grid systems.
The industrial application segment is set for increased growth through 2032 as sectors such as manufacturing, oil & gas, and telecommunications witness surging need for power and control cables tailored to their specific requirements. As businesses prioritize upgrading their electrical infrastructure to enhance operational efficiency, the product demand from industries will surge.
France power and control cable market is poised for steady growth through 2032 driven by commitment to infrastructure modernization, particularly in the energy sector. Moreover, the transition towards renewable energy sources, coupled with a focus on electrification in transportation and urban development projects is further propelling market growth
- Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Europe Power and Control Cable Industry Insights
- 2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
- 2.2 Regulatory Landscape
- 2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls and challenges
- 2.4 Growth potential analysis
- 2.5 Porter's Analysis
- 2.5.1 Bargaining power of suppliers
- 2.5.2 Bargaining power of buyers
- 2.5.3 Threat of new entrants
- 2.5.4 Threat of substitutes
- 2.6 PESTEL Analysis
- Chapter 3 Competitive Benchmarking
- 3.1 Competitive landscape, 2022
- 3.1.1 Strategic dashboard
- 3.2 Innovation & sustainability landscape
- Chapter 4 Europe Power and Control Cable Market, By Product
- 4.1 Key product trends
- 4.2 Power cable
- 4.3 Control cable
- Chapter 5 Europe Power and Control Cable Market, By Voltage
- 5.1 Key voltage trends
- 5.2 Low voltage
- 5.2.1 LV power cable
- 5.2.2 LV control cable
- 5.3 Medium voltage
- 5.4 High voltage
- Chapter 6 Europe Power and Control Cable Market, By Application
- 6.1 Key application trends
- 6.2 Utilities
- 6.3 Industries
- 6.3.1 Power plants
- 6.3.2 Oil & gas
- 6.3.3 Cement
- 6.3.4 Others
- Chapter 7 Europe Power and Control Cable Market, By Country
- 7.1 Key country trends
- 7.2 UK
- 7.3 France
- 7.4 Netherlands
- 7.5 Italy
- 7.6 Spain
- 7.7 Germany
- 7.8 Russia
- Chapter 8 Company Profiles
- 8.1 Prysmian Group
- 8.2 Nexans
- 8.3 Southwire Company LLC
- 8.4 Belden Inc.
- 8.5 KEC International Ltd.
- 8.6 FURUKAWA ELECTRIC CO., LTD.
- 8.7 LS Cable & System Ltd.
- 8.8 NKT A/S
- 8.9 Sumitomo Electric Industries, Ltd.
- 8.10 Klaus Faber AG
- 8.11 KEI Industries Limited
- 8.12 RR Kabel
- 8.13 Brugg Cables
- 8.14 Universal Cables Limited
- 8.15 Eland Cables
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