Power and Control Cable Market Expansion: Key Opportunities to Watch

The power and control cable market was estimated at USD 125.5 billion in 2022 and is likely to grow at a CAGR of 6.78% during 2023-2028 to reach USD 186.75 billion in 2028.

Power and control cables are energy transfer systems that are used for transmitting high and low power from a source to equipment. Power cables are used to transfer energy from a source to equipment, whereas control cables are used to send signals to control the functioning of equipment. Power and control cables are majorly used in industrial, commercial, and electrical utilities with a range of applications, and are composed of protective jackets, conductors, and insulators to offer high resistance to heat, fire, and moisture.