Cable and Accessories Market Size, Share, By Cable Type (Coaxial Cables, Fiber Optic Cables, Twisted Pair Cables, USB Cables, HDMI Cables, and VGA Cables), Material (Copper, Aluminum, Plastic, Glass Fiber, and Alloys), Voltage (Low, Medium, and High), Installation (Overhead and Underground), Application (Telecommunications, Power Transmission, Data Communication, Security System, and Others), End-User (Industrial, and Renewable), and Region - Trends, Analysis, and Forecast till 2035

• By 2035, the cable and accessories market size is expected to expand at a rate of USD 129.8 Billion.
• In 2024, the target market valuation was USD 76.7 Billion.
• The target market is mounting at a CAGR 5.4%.

Cable and accessories are integral part components used in various industries to transmit electric power, data, a d signals. It is essential for connecting devices, for communication, and powering system in fields, such as telecommunication, construction, automotive, energy and consumer electronics. Cables are assembled of one or more conductors that transmit electricity, signals between devices or locations. This cables include the conductor material, such as copper or aluminum, and cables are sometimes shielding to protect the signal or power being transmitted. Cable accessories are the supplementary components that support, protect, and enhance the functionality of cables. This help to ensure the safe, efficient, and organized installation of cables.

The increasing demand for faster internet speeds, and high-definition data transmission, such as 5G, fiber optics, increases the demand for advanced cables and accessories, is boost the target market growth. The rapid growth in urban areas, industries, and shift towards renewable energy sources, such as wind, solar energy, increases the increases the demand for specialized cables for power generation, distribution, and energy storage, is estimated to drive cable and accessories market share.

Governments are investing in electricity grid system, public infrastructure, and telecommunication networks, and growing adoption of smart grids, is expected to expansion of cables and accessories market size. Innovation in high-capacity cables, aging electrical, communication networks demand, and rapid growth of smart home market, IoT application for data cables, connectors, and accessories, is projected to drive cable and accessories market growth.

Impact of Generative AI on Cable and Accessories Market:

• AI algorithms can generate new cable designs that are more efficient in terms of size, flexibility, durability and cost. AI models suggest new ways to bundle or arrange wire to minimize interference and improve signal transmission. AI-powered systems can automate complex manufacturing tasks, improves the precision and efficiency of cable production. AI algorithms help to detects defects in cables by processing high-resolution images, and enable real-time monitoring of cables to identify weakness of products.

Key Drivers:

Rising Investment in Electricity Grid is contributing to Market Expansion

The global government and corporation are focusing on modernizing and expanding their electricity grid infrastructure, grid-related products, services, and technologies. The global economics move towards electrification, such as transport, industry and residential buildings, this increases demand for robust, reliable, and modern grid infrastructure. Increased investment enables the creation of more interconnected regional grids that can balance energy loads in large geographic area. The widespread of smart meters and digital sensors enable to gather real-time data, improve efficiency and helping to lower operational costs, thus driving the market for metering and data management technologies. The growing investment in energy storage technology and flexible grid solutions, to enhance security and reliance of grids, is anticipated to drive cable and accessories market growth.

• For instance, investment in electricity grids increased by 8% in 2022, with advanced and emerging economics are supporting to investment and enables electrification of buildings, industry, and transport. The European Union action plan predicted to invest USD 633 billion in the electricity grid by the end of 2030. In which USD 434 billion is aim to invest for the distribution grid, including USD 184 billion for digitalization. China’s State Grid Corporation invested of USD?77 billion in transmission in 2023, with the total nationwide investment was USD 442 billion, Japan invested USD 155.5 Billion in 2022, to encourage new power grid technologies, energy-efficient homes and other carbon footprint-reduction technologies.

Restraints:

Volatility in Raw Material Prices Impede Market Growth

The prices of materials used in cable such as copper, aluminum, and rubber are volatile, and fluctuations in their prices can significantly impact manufacturing costs and profit margins for cable manufacturers. Global crises or disruption in transportation networks can affect the timely delivery of raw materials.

• Counterbalance Statements: Manufacturers are increasingly exploring alternative materials such as, composite cables and alloys to mitigate dependency on expensive raw materials. The focus on recycling materials and improving the sustainability of manufacturing processes helps reduce costs and reliance on raw materials. Diversifying supply sources and forming strategic supplier partnerships can reduce exposure to localized disruptions.

Opportunities & Trends:

Increasing Adoption of Smart Electricity Meters Fuels Market Expansion

The increasing adoption of smart electricity meters is driving the demand for cable and accessories to facilitate their installation and integration into grid, fuels the target market expansion. Smart meters require advanced cabling for proper installation, and these system need reliable, durable cables for both data transmission and power delivery. The adoption of smart grid system that integrate smart meters, which increases demand the installation of new fiber optic cables, copper cables, communication cables, and other accessories to support real-time data communication between meters and utility providers. The deployment of smart meters is driving investment in distribution grids, transformers, and contributes to rise of automated grid management system, is estimated to fuel expansion of cable and accessories market share.

• For instance, according to data published by Smart Energy International, in March 2025, at the end of 2024, about 63% of Europe’s electricity consumers had smart meters. By December 2024, about more than 195 million smart meters were employed in Europe region such as, Norway, Switzerland, and U.K., with 6% of steady growth rate.  The total 90 million smart electricity meters can be deployed in the Europe region from 2025 to 2029. The installation based is expected to reach 285 million for a penetration rate of approximately 80% by 2029.

The cable and accessories market is segmented into cable type, materials, voltage, installation, application, end-user, and region.

By Cable Types:

Based on cable type, the cable and accessories market is classified into, coaxial cables, fiber optic cables, twisted pair cables, USB cables, HDMI cables, and VGA cables. Fiber optic is leading segment in cable and accessories market share, due to their ability to support high-speed data transmission. Increasing demand for high-speed internet, expanding smart grids, telecommunication infrastructure, shift towards to 5G networks, and integration of smart meters, is expected to propel segment’s growth in cable and accessories market share.

Coaxial cables hold the second largest share in target market. The widespread use in broadband internet connection, adoption of security system, and expansion of television broadcasting, data networking, is anticipated to drive segment’s growth in target market.

By Material:

Copper, aluminum, plastic, glass fiber, and alloys are divides by material for cable and accessories market. The target market is dominated by copper segment, due to its electrical conductivity, durability and reliability property. It is widely used in power transmission, telecommunication, and it is primarily choice for energy-efficient power distribution, smart grid infrastructure, is expected to propel segment’s expansion in cable and accessories market share.

Aluminum is the second most dominating segment in cable and accessories market. Aluminum cables are increasingly used for high-voltage power transmission, overhead power lines, and telecommunication cables, is fuel the segment’s growth in cable and accessories market size.

By Voltage:

Based on voltage, the cable and accessories market is divided into low, medium, and high. The low voltage cable are the largest segment in the market, due to their widespread use in residential, commercial and industrial application. Growing demand for smart homes, and energy efficient solution, is estimated to growth of segment in cable and accessories market.

By Installation:                                              

On the basis of installation, the market is divided into, overhead, underground. Overhead installation segment is play dominating role in target market. Overhead power lines are widely used for electricity transmission, as it is cost-effective, and faster than underground installation, and easier accessibility for maintenance, repairs, monitoring, resulting to segment’s growth in cable and accessories market size.

By Application:

On the basis of application, the market is classified into telecommunications, power transmission, data communication, security system, and others. Power generation segment holds the major cable and accessories market share. The cables and accessories market is attributed by, growing demand for electricity in residential, industrial, growing investment in smart grids, and increasing urbanization, industrialization, contributes to the demand for new power transmission lines.

By End-User:

Under end-user, the market is categorized into, Industrial, Renewable. Industrial segment is dominates in target market, due to extensive use of cables in manufacturing, power distribution, automation and infrastructure project. The increasing demand for automation, smart factories, and expansion of industrialization, urbanization, is anticipated to drive segment growth in cable and accessories market share.

Regional Insights:

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific: This region hold the largest cable and accessories market share. The rapid industrialization, increases the demand for power transmission cables, growing investment in renewable energy, expansion of 5G networks, and rise in smart cities contributes the demand for fiber optics, telecommunication cables is attributed to region expansion in cable and accessories market size.

• China Cable and Accessories Market Insights:

The cable and accessories market in China has experienced significant growth in recent years and is expected to continuous growth. Growing infrastructure investment, ongoing modernization of power grids, expansion of smart grids, 5G networks, telecommunication infrastructure, and presence of great manufacturing industries, rises the demand for industrial cables, is expected to fuel growth of cable and accessories market size.

North America: This is the fastest growing region in target market. The target market growth is accredited by, continuous investment in smart grids, renewable energy, telecommunication networks, growing focus on upgrading electricity grids, and increasing adoption of 5G networks.  

• U.S. Cable and Accessories Market Insights:

The U.S. is leading country in North America region for cable and accessories market. The country’s market share is driven by, significant development in smart grids, renewable energy projects, growing support for smart meter technology, and presence pf industrial automation, which fuels the demand for control cables, industrial power cables, and communication cables.

Europe: This region is expected to witness significant growth in the market during the forecast period. Growing smart grid development and integration of renewable energy, growing investment in 5G technology, IoT, increasing focus on reducing carbon emission and digitalization of smart grid system create demand for telecommunications cables and fiber optic cables, is estimated to region growth in cable and accessories market share.

• Germany Cable and Accessories Market Insights:

Germany is the dominant country in Europe for the cable and accessories market, due to leadership in renewable energy. The focus for green transition, fuels demand for solar farms, smart grid projects, strong manufacturing hub, drive demand for industrial cables, and heavily invested in infrastructure modernization, is projected to drive target market share. 

Cable and Accessories Market Report Scope:

Attribute	Details
Market Size 2025	USD 80.5 Billion
Projected Market Size 2035	USD 129.8 Billion
CAGR Growth Rate	5.4% (2025-2035)
Base year for estimation	2024
Forecast period	2025 – 2035
Market representation	Revenue in USD Billion & CAGR from 2025 to 2035
Regional scope	North America - U.S. and Canada Europe – Germany, U.K., France, Russia, Italy, Spain, Netherlands, and Rest of Europe Asia Pacific – China, India, Japan, Australia, Indonesia, Malaysia, South Korea, and Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, and Rest of Latin America Middle East & Africa – GCC, Israel, South Africa, and Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Cable Type:

• Coaxial Cables
• Fiber Optic Cables
• Twisted Pair Cables
• USB Cables
• HDMI Cables
• VGA Cables

By Material:

• Copper
• Aluminum
• Plastic
• Glass Fiber
• Alloys

By Voltage:

• Low
• Medium
• High

By Installation:

• Overhead
• Underground

By Application:

• Telecommunications
• Power Transmission
• Data Communication
• Security System
• Others

By End-User:

• Industrial
• Renewable

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The major companies are functioning in the cable and accessories market are, Nexans, Sumitomo Electric Industries, Ltd., TFKable, and others. This companies are constantly innovating and developing new products to meet the changing needs of customers. Major key players are highly investing to adopt smart technology, for growing industrialization and urbanization, is estimated to growth of target market. 

Cable and Accessories Market Companies:

• Nexans
• Sumitomo Electric Industries, Ltd.
• TFKable
• NKT A/S
• Belden Inc.
• Hitachi Energy Ltd.
• Finolex Cables
• ABB
• Kabelwerk Eupen AG
• Prysmian S.p.A
• Brugg Cables
• Bahra Electric
• Eland Cables
• TE Connectivity.
• Molex

View an Additional List of Companies in the Cable and Accessories Market

• In March 2025, a turnkey contract was awarded to Hellenic Cables and Asso.subsea by Réseau de Transport d'Électricité (RTE) for the Dunkerque offshore wind farm in France. The project, developed by EDF and Enbridge, involve the installation of export cables for a wind farm with a projected capacity of 500-600 MW. This company supplies the necessary submarine and underground cable accessories, and Hellenic Cables aimed for designing, manufacturing, and supplying 32 km of submarine cables and 38 km of underground cables.
• In October 2024, Prysmian announced a redesigned and improved Kablee. Kablee was the self-services e-commerce platform help customers to purchase slow-moving inventory at a substantial discount. Various cables and accessories were available on the platform, including building wire, electronic cables, industrial cable and datacom cable.
• In September 2024, NKT announced the expansion of its operations in Alingsås, Sweden. This expansion involves the construction of a new testing hall designed for high-voltage power cable accessories up to 525 kV. This designed was aimed to meet growing demand for transition to renewable energy sources. This expansion focused on increasing capacity of high-voltage accessories, by improving NKT’s research and development efforts.
• In September 2024, Anker launched new USB-C to Lighting Cable for Apple products. This latest accessory for Apple devices, offered up to 60W charging and a 480 Mbps data transfer. The exterior was made from recycled materials and cable contains silicone cord organizer.
• In May 2024, ABB acquired Siemens’ Wiring Accessories business in China. This acquisition aimed to broaden ABB's portfolio by integrating wiring accessories, smart home systems, smart door locks, and other home automation products. Siemens' Wiring Accessories business in China generated over USD 150 million in revenue in 2023 and employs more than 350 people. The transaction is expected to be margin accretive to ABB, meaning it is expected to increase ABB’s profitability after the acquisition is completed.

Analyst View:

The cable and accessories market is expected to continue expanding at a robust growth rate, driven by the global shift towards renewable energy, smart grids, and increased demand for high-speed data transmission. The growing installation of solar panel, smart grid development, increasing investment in grid modernization, digital infrastructure, and increase in smart meter, smart homes, IoT devices, which fuel demand for digital cables, is estimated to growth of cable and accessories market size.

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Company Name	Nexans S.A.
Headquarter	Paris, France
CEO	Christopher Guérin
Employee Count (2024)	28,500 Employees