Global Power Cables and Communication Cables Market was valued at 197 million in 2024 and is projected to reach US$ 295 million by 2032, at a CAGR of 6.1% during the forecast period.

Power cables and communication cables are essential components in modern infrastructure, facilitating electricity transmission and data exchange across industries. Power cables are designed to transmit high-voltage electricity for industrial, commercial, and residential applications, while communication cables enable data transfer for telecommunications, networking, and digital systems. These cables include various types such as coaxial, fiber optic, and Ethernet cables for communication, along with low-voltage, medium-voltage, and high-voltage power cables.

The market growth is driven by increasing demand for renewable energy infrastructure, smart grid deployments, and 5G network expansions. While power cables benefit from global energy transition initiatives, communication cables are experiencing heightened demand due to rising data consumption and IoT adoption. Major players like Prysmian Group, Nexans, and Sumitomo Electric Industries are investing in advanced cable technologies to meet evolving industry requirements.




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