Industrial Production Products & Services

Electrical Cable: Market Size, Growth & Forecast to 2030

The Electrical Cable market is valued at about $285 billion (2026) and is projected to grow at a 5.4% CAGR through 2030. The largest cost driver is Copper and aluminum raw metals (55% of spend). Asia Pacific leads demand at 42%.

Market size
$285.0 bn (2026)
CAGR to 2030
+5.4%
Buyer power
Favours buyers
Tracked suppliers
120
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.4% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 130

Cost structure

Copper and aluminum raw metals
55%
Polymer insulation and shielding (PVC/XLPE)
15%
Energy-intensive purification and manufacturing
12%
Labor and overhead
10%
Outbound logistics and freight
8%

Regional demand split

Asia Pacific demand
42%
Europe demand
24%
North America demand
20%
Middle East & Africa demand
8%
Latin America demand
6%

Key suppliers

Prysmian S.p.A.Nexans S.A.NKT A/SSumitomo Electric Industries, Ltd.LS Cable & SystemZTT (Zhongtian Technology)
Read the full Electrical Cable report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/electrical-cable