Medium Voltage Cables Market Size, Share, and Trends 2024 to 2034

The global medium voltage cables market size is calculated at USD 45.28 billion in 2025 and is forecasted to reach around USD 89.38 billion by 2034, accelerating at a CAGR of 7.85% from 2025 to 2034. The Asia Pacific market size surpassed USD 15.11 billion in 2024 and is expanding at a CAGR of 7.99% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : May 2025
  • Report Code : 6022
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Medium Voltage Cables Market 

5.1. COVID-19 Landscape: Medium Voltage Cables Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Medium Voltage Cables Market, By Installation

8.1. Medium Voltage Cables Market Revenue and Volume, by Installation

8.1.1 Underground

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Overhead

8.1.2.1. Market Revenue and Volume Forecast

Chapter 9. Global Medium Voltage Cables Market, By Voltage

9.1. Medium Voltage Cables Market Revenue and Volume, by Voltage

9.1.1. 1 kV - 15 kV

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. 16 kV - 35 kV

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. 36 kV - 70 kV

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Medium Voltage Cables Market, By Application

10.1. Medium Voltage Cables Market Revenue and Volume, by Application

10.1.1. Industrial

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Commercial

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Utility

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Medium Voltage Cables Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Installation

11.1.2. Market Revenue and Volume Forecast, by Voltage

11.1.3. Market Revenue and Volume Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Installation

11.1.4.2. Market Revenue and Volume Forecast, by Voltage

11.1.4.3. Market Revenue and Volume Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Installation

11.1.5.2. Market Revenue and Volume Forecast, by Voltage

11.1.5.3. Market Revenue and Volume Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Installation

11.2.2. Market Revenue and Volume Forecast, by Voltage

11.2.3. Market Revenue and Volume Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Installation

11.2.4.2. Market Revenue and Volume Forecast, by Voltage

11.2.4.3. Market Revenue and Volume Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Installation

11.2.5.2. Market Revenue and Volume Forecast, by Voltage

11.2.5.3. Market Revenue and Volume Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Installation

11.2.6.2. Market Revenue and Volume Forecast, by Voltage

11.2.6.3. Market Revenue and Volume Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Installation

11.2.7.2. Market Revenue and Volume Forecast, by Voltage

11.2.7.3. Market Revenue and Volume Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Installation

11.3.2. Market Revenue and Volume Forecast, by Voltage

11.3.3. Market Revenue and Volume Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Installation

11.3.4.2. Market Revenue and Volume Forecast, by Voltage

11.3.4.3. Market Revenue and Volume Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Installation

11.3.5.2. Market Revenue and Volume Forecast, by Voltage

11.3.5.3. Market Revenue and Volume Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Installation

11.3.6.2. Market Revenue and Volume Forecast, by Voltage

11.3.6.3. Market Revenue and Volume Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Installation

11.3.7.2. Market Revenue and Volume Forecast, by Voltage

11.3.7.3. Market Revenue and Volume Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Installation

11.4.2. Market Revenue and Volume Forecast, by Voltage

11.4.3. Market Revenue and Volume Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Installation

11.4.4.2. Market Revenue and Volume Forecast, by Voltage

11.4.4.3. Market Revenue and Volume Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Installation

11.4.5.2. Market Revenue and Volume Forecast, by Voltage

11.4.5.3. Market Revenue and Volume Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Installation

11.4.6.2. Market Revenue and Volume Forecast, by Voltage

11.4.6.3. Market Revenue and Volume Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Installation

11.4.7.2. Market Revenue and Volume Forecast, by Voltage

11.4.7.3. Market Revenue and Volume Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Installation

11.5.2. Market Revenue and Volume Forecast, by Voltage

11.5.3. Market Revenue and Volume Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Installation

11.5.4.2. Market Revenue and Volume Forecast, by Voltage

11.5.4.3. Market Revenue and Volume Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Installation

11.5.5.2. Market Revenue and Volume Forecast, by Voltage

11.5.5.3. Market Revenue and Volume Forecast, by Application

Chapter 12. Company Profiles

12.1. Prysmian Group

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Nexans

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. NKT A/S

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. ABB

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Brugg Cables

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Riyadh Cables Group Company

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. FURUKAWA ELECTRIC CO., LTD.,

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Jiangnan Group Limited.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Tratos

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Universal Cables Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global medium voltage cables market size is expected to grow from USD 41.98 billion in 2024 to USD 89.38 billion by 2034.

The Medium voltage cables market is anticipated to grow at a CAGR of 7.85% between 2025 and 2034.

The major players operating in the medium voltage cables market are Prysmian Group, Nexans, NKT A/S, ABB, Brugg Cables, Riyadh Cables Group Company, ZTT, General Cable Technologies Corporation, FURUKAWA ELECTRIC CO., LTD., Jiangnan Group Limited., Tratos, Universal Cables Ltd., Schneider Electric, DUCAB, Synergy Cables, and Others.

The driving factors of the medium voltage cables market are the significant rate owing to the increasing demand for renewable energy generation, industrialization, urbanization, and the requirement for reliable power infrastructure. 

Asia Pacific region will lead the global medium voltage cables market during the forecast period 2025 to 2034.

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