Report Description Table of Contents The overhead power cables market in 2023 was worth USD 68 billion and is expected to be worth USD 102 billion by 2030, expanding at a CAGR of 6% during the forecast period. The overhead power cables market is constantly evolving because of the increasing consumption of electricity and the necessity for updating the existing cables. Global electricity consumption is expected to rise at a 3% faster per annum, mainly due to development and industrialization in the Asia Pacific region. For example, APAC and African countries are seeking investment for the development of new transmission and distribution networks to respond to the energy demand, with China aiming to spend over $300 billion in grid facilities by 2030. Other recent advances are the HTLS overhead power cables that enable high transmission capacity and increased reliability to meet the demand for power transfer in developed and developing regions. Also, overhead transmission lines are becoming more saturated to accommodate the investment in renewable energy sources such as wind and solar farms, hence fueling market growth. One of the key opportunities in the overhead power cables market is in increased connections of renewable power to national grids. While renewable energy capacity is expected to produce almost 50% of the total power generation by 2050, challenges in moving this fluctuating power around necessitate improvements in the transmission networks. For instance, the growth of offshore wind farms has necessitated improved overhead transmission line structures to transmit generated power to onshore grids. Recent developments include adopting advanced materials like composite-core conductors, which can transmit more power over longer distances with reduced line losses. This technology is essential in integrating renewable energy plants in remote locations with densely populated regions to support a world with increased use of clean energy sources. Market Segmentation By Voltage Level: Low Voltage (LV) Medium Voltage (MV) High Voltage (HV) Extra High Voltage (EHV) By Current Type: Alternating Current (AC) Direct Current (DC) By Application: Transmission Lines Distribution Lines Substation Connections Renewable Energy Integration Others (e.g., Industrial Power Distribution) By End-Use Sector: Residential Commercial Industrial Utilities Renewable Energy Plants (Wind, Solar) By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Asia-Pacific holds the largest share in the overhead power cables market and is expected to grow at a fast pace due to the rising urbanization, industrialization, and increase in investment in power infrastructure. Countries such as China and India fall in this region and use over 40% of the global electricity; therefore, it requires enhanced transmission and distribution networks. China has been the most proactive in expanding its power grid, with investments targeting $100 billion annually to incorporate renewable power sources and improve its reliability. For instance, UHV transmission projects in China use overhead power cables to transmit electricity over long distances with minimal energy loss. This push for modern and reliable power infrastructure in Asia-Pacific, combined with efforts to connect remote renewable energy projects, solidifies the region's dominance in the overhead power cables market. Key Players Prysmian Group Nexans S.A. General Cable Corporation Southwire Company, LLC Sumitomo Electric Industries, Ltd. KEC International Limited ZTT International Limited LS Cable & System Ltd. NKT A/S Sterlite Power Frequently Asked Question About This Report . Table of Contents 1. OVERHEAD POWER CABLES MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. OVERHEAD POWER CABLES MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – OVERHEAD POWER CABLES MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Voltage Level and End Use Outlook Analysis 4. HISTORIC TRENDS IN OVERHEAD POWER CABLES MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA OVERHEAD POWER CABLES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Overhead Power Cables Historical Market ($MILLION), (2017 – 2023) 6.2. North America Overhead Power Cables Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level 6.3.1. Low Voltage (LV) 6.3.2. Medium Voltage (MV) 6.3.3. High Voltage (HV) 6.3.4. Extra High Voltage (EHV) 6.4. North America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.4.1. Transmission Lines 6.4.2. Distribution Lines 6.4.3. Substation Connections 6.4.4. Renewable Energy Integration 6.4.5. Others (e.g., Industrial Power Distribution) 6.5. North America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.5.1. Residential 6.5.2. Commercial 6.5.3. Industrial 6.5.4. Utilities 6.5.5. Renewable Energy Plants (Wind, Solar) 6.6. North America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Current Type 6.6.1. Alternating Current (AC) 6.6.2. Direct Current (DC) 6.7. North America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA OVERHEAD POWER CABLES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE OVERHEAD POWER CABLES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Overhead Power Cables Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Overhead Power Cables Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level 8.4. Europe Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.5. Europe Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.6. Europe Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Current Type 8.7. Europe Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC OVERHEAD POWER CABLES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Overhead Power Cables Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Overhead Power Cables Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level 9.4. APAC Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.5. APAC Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-Use Industry 9.6. APAC Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Current Type 9.7. APAC Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA OVERHEAD POWER CABLES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Overhead Power Cables Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Overhead Power Cables Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level 10.4. Latin America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.5. Latin America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-Use Industry 10.6. Latin America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Current Type 10.7. Latin America Overhead Power Cables Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. PRYSMIAN GROUP 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Nexans S.A. 11.3. General Cable Corporation 11.4. Southwire Company, LLC 11.5. Sumitomo Electric Industries, Ltd. 11.6. KEC International Limited 11.7. ZTT International Limited 11.8. OTHER MARKET PLAYERS