Industrial Cables Market - Size, Share, Industry Trends, and Forecasts (2025-2032)

By Cable Type:

Based on the cable type, the market is segmented into single-conductor cable, multi-conductor cable, twisted pair cable, ethernet cable, coaxial cable, fiber-optic cable, power cable, control cable, and others.

Trends in the Cable Type:

• There is an increasing utilization of control cables in industrial automation and instrumentation application.
• Increasing utilization of power cables in industrial applications to transmit electricity efficiently and safely across energy grids and others.

Fiber-optic cable segment accounted for the largest revenue in the total industrial cables market share in 2024.

• Fiber optic cables offers high speed data transmission which uses light signals to transfer energy information over long distances with minimal losses.
• Further, ciber optic cables are used in various industries including energy and power sector, manufacturing, oil and gas, data centers, and others.
• For instance, in January 2024, Sumitomo Electric launched new fiber optic products such as 2C Z-PLUS Fiber ULL with a multi-core fiber, ultra-low attenuation of 0.158 dB/km, and other features.
• Thus, the rising advancements in fiber optic cables are driving the industrial cables market trends.

Coaxial cables is anticipated to register a substantial CAGR during the forecast period.

• Coaxial cables are shielded electrical cables that transmits high frequency signals with minimal interference due to shielding, making them suitable for high quality signal transmission.
• Further, coaxial cables are used by cable TV companies to connect their satellite antenna for providing signal to customer businesses and homes.
• For instance, in August 2023, I-PEX launched CABLINE-CAP, a micro coaxial cable with various features including 1.15 mm mating height, 0.4 mm pitch, and others.
• Thus, the rising advancements in coaxial cables are expected to drive the market during the forecast period.

By Material:

Based on the material, the market is segmented into aluminium, steel, copper, and others.

Trends in the Material:

• There is an increasing utilization of copper wires in industrial applications due high conductivity.
• Rising adoption of copper cable in energy & power sector for power transmission and power generation.

Copper segment accounted for the largest revenue share in the total industrial cables market share in 2024.

• Copper cables are widely used in various equipment including power transmission, power generation, telecommunications, power distribution, and others.
• Further, copper wires are preferred due to its various benefits including high conductivity, high resistance to corrosion, and others which makes it suitable for industrial applications in harsh environments.
• For instance, R&M offers copper cables in product offerings for industrial applications. It offers various types of copper cables such as foil and tin-plated copper braid shielding cable, UV-resistant cable, and others.
• Thus, the rising adoption of copper wire for various industrial applications are further driving the industrial cables market size.

Aluminium is anticipated to register a substantial CAGR during the forecast period.

• Aluminium cables are preferred due to its lightweight and low cost for various industrial applications including power transmission, power distribution, and others.
• Further, aluminium cable offers several benefits including high conductivity, enhanced functionality in high temperature environments, and more.
• For instance, Girish Cabletronics offers aluminium cable in its product offerings for industrial applications. It offers various types of aluminium cable such as 4.00 SQ. MM PVC insulated aluminium two core cable, 6.00 SQ. MM PVC insulated aluminium two core cable, and more.
• Therefore, the rising adoption of aluminium cables due to its lightweight and lower cost are projected to boost the market during the forecast period.

By Conductor Type:

Based on the conductor type, the market is segmented into solid core and stranded core.

Trends in the Conductor Type:

• There is an increasing utilization of solid core wire in prototyping, circuit boards, and electronic devices where minimal movement is expected.
• Increasing utilization of stranded cables for intricate wiring needs such as those required for electronic devices and circuit boards.

Solid core segment accounted for the largest revenue of share in the total market in 2024.   

• Solid wire consists of single, continuous metal core suitable for permanent applications such as walls, ceilings and conduit.
• Further, solid wire offers transmission of signals over large distances, less attenuation, low cost, and others.
• Moreover, solid wires are ideal for long distance applications because they feature less current dissipation.
• For instance, Helukabel offers single core cables in its product offerings. It offers various products including PVC single core, PUR single core, silicone single core, and various others.
• Thus, the rising adoption of solid core cables are driving the industrial cables market trends.

Stranded core is anticipated to register a significant CAGR growth during the forecast period.

• Stranded core cable is composed of multiple thin strands twisted together which is suitable for connecting electronic components in cramped spaces.
• Further, stranded core cable offers superior bendability, flexibility, and can sustain vibrations without breaking.
• For instance, in November 2021, Mitsubishi Heavy Industries partnered with Sumitomo Electric for delivery of a wide range of cables including stranded hard-drawn copper wires.
• Thus, the rising utilization of stranded cables in industrial applications are expected to drive the market during the forecast period.

By Insulation:

Based on the insulation, the market is segmented into PVC, XLPE, rubber-insulated, and others

Trends in the Insulation:

• There is an increasing utilization of rubber-insulated cable across many industries ranging from water, renewable energy, power distribution, and others.
• Increasing utilization of PVC insulated cable in internal wiring of electronic equipment, electrical panels, and more.

PVC segment accounted for the largest revenue share in the total market in 2024.

• Polyvinyl chloride (PVC) insulation is widely used in ICs due to enhanced electrical insulation properties, bedding and sheathing.
• Further, PVC insulation offers various benefits such as high water, chemical, and heat resistance while being highly sturdy and flexible.
• Additionally, PVC-insulated cables are widely used in power distribution, control systems, telecommunications, and others.
• For instance, in January 2025, Cycle-Tek launched PVC compounds with up to 50% recycled content, improved flexibility, durability, and other features for manufacturing wire and cables.
• Thus, the rising advancements in PVC for cable insulation is further driving the market.

XLPE segment is anticipated to register a significant CAGR growth during the forecast period.

• XLPE (cross-linked polyethylene) insulation enhances ICs with improved thermal resistance, elongation, tensile strength, impact resistances, and others.
• Further, XLPE provides improved resistant to ozone, abrasion, and chemicals due less toxic nature in the event of wire.
• Moreover, XLPE cable is used in various applications including power transmission, mining, plumbing, and other electrical applications
• For instance, in June 2022, Repsol invested USD 36.3 million for building a cross-linkable polyethylene (XLPE) plant to manufacture high and extra-high voltage cables.
• Thus, the rising investments in XLPE insulation material are expected to drive the market during the forecast period.

By Cable Sheathing Type:

Based on the cable sheathing type, the market is segmented into sheathing and non-sheathing.

Trends in the Cable Sheathing Type:

• There is an increasing utilization of non-sheathed cables in the internal wiring of switchboards and distribution boards.
• Increasing utilization of sheathing to protect the conductor by wrapping around the outside of the cable.

Sheathing segment accounted for the largest revenue in the total market in 2024, and it is anticipated to register a significant CAGR growth during the forecast period.

• Cable sheathing is used for protecting cables from physical damage, caused by abrasion, frictions, and external impact during installation, handling, and use.
• Moreover, different types of plastics are used for cable sheathing such as polyvinyl chloride (PVC), polyamide (PA), polyurethane (PUR), polypropylene (PP), chloroprene rubber (CR) or silicones (SIR).
• Further, sheathed cable are used for different applications including residential and light commercial construction.
• For instance, in November 2023, LAPP launched the OLFLEX CLASSIC FD 810, a cable with a durable PVC sheath with reduced carbon footprint, which is ideal for sustainability projects.
• Thus, the rising advancements in sheathing cables are driving the market.

By Application:

Based on the application, the market is segmented into data transmission, power transmission, and others.

Trends in the Application:

• There is an increasing utilization of coaxial cable and fiber optic cable for stable and secure data transmission.
• Increasing utilization of aluminium or copper material for power transmission and distribution in power grids.

Data transmission segment accounted for the largest revenue in the total market in 2024.   

• Industrial cable includes fiber optic, coaxial, and twisted pair cables are used for high speed and reliable data transmission across different industries.
• Moreover, fiber optic cables ensures minimal signal loss and high bandwidth which is ideal for data centers, telecom networks, and others.
• Additionally, coaxial cables provide efficient data transfer in communication systems with shielding for reduced electromagnetic interference.
• For instance, in September 2024, Nai launched STEADY LINK series-C flexible coaxial cable assemblies with improved reliability and durability for transmitters and receivers applications.
• Thus, the rising adoption of fiber optic, coaxial, and twisted pair cables for data transmission are driving the market.

Power transmission is anticipated to register a significant CAGR growth during the forecast period.

• Power transmission utilizes high-voltage cables, typically aluminium or copper for safe and efficient electricity delivery.
• Further, industrial power cables are used for transmitting electricity across power grids, industrial plants, and others for efficient power distribution.
• For instance, Nexans offers cables for power transmission in its product offerings. It offers various features including improved operation at different voltages.
• Thus, the rising utilization of industrial cable for power transmission is expected to drive the industrial cables market demand during the forecast period.

By Distribution Channel:

Based on the distribution channel, the market is segmented into online and offline.

Trends in the Distribution Channel:

• There is an increasing utilization of online stores for buying cables due to large amount availability of cables.
• Increasing utilization of offline channel due to its various benefits including assistance for cable selection and personalized customer support.

Offline segment accounted for the largest revenue in the total market in 2024.

• Offline channel involves in-store purchase by physically inspecting cable quality, ensuring compliance with safety and performance standards.
• Further, offline segment offers various benefits such as personalized customer service, technical support, and after sales assistance for ensuring installation and maintenance.
• For instance, KEI Industries Limited is a cable manufacturer that offers a broad range of industrial cables for purchase through several offline distributors and dealers operating in multiple states across India.
• Thus, as per the analysis, the rising availability of industrial cable in offline distribution channel is driving the market.

Online segment is anticipated to register a significant CAGR growth during the forecast period.

• Online channel enables businesses to access a wide variety of industrial cables through e-commerce platforms and manufacturer’s websites.
• Further, online channel offers wide range of products which includes different types of conductor, insulation, cable type, material, and others.
• For instance, Lapp offers different types of cables for purchase through its company website. It offers various types of cable including power cables, control cables, and various others.
• Thus, as per the analysis, the rising utilization of online channel such as company websites for cable sales are further expected to drive the industrial cables market size during the forecast period.

By End User:

Based on the end-user, the market is segmented into electronics, IT & telecommunication, healthcare, construction, automotive, energy & power, and others.

Trends in the End-User:

• There is an increasing utilization of fiber optic cables, coaxial cables, and others in data centers for providing data transmission.
• Increasing utilization of power cables in residential and commercial infrastructure projects for providing energy distribution.

IT & telecommunication segment accounted for the largest revenue of 37.24% in the total market in 2024.   

• In IT & telecommunication industry, cables enables high speed data transmission in data centres, two-way communication over long distances, and other related applications.
• Further, various types of cables are used such as coaxial for connecting radio transmitters to receivers, fiber optic cables for sending data, and twisted pair cables for decreasing crosstalk and EMI in communication.
• For instance, in October 2024, IBM launched IBM Quantum Data Center in Europe to support quantum computing for companies, research institutions, and academia and government agencies. This is further expected to drive the adoption of cables.
• Thus, as per the analysis, the rising adoption of fiber optic, coaxial, and twisted pair cables for data transmission in data centers of are driving the industrial cables market.

Energy & power is anticipated to register a significant CAGR growth during the forecast period.

• In energy and power sector, different types of cables are used for efficient power transmission and distribution from power plants and energy grids.
• Further, high-voltage cables such as aluminium or copper cables are used for efficient and secure power/electricity delivery.
• For instance, in May 2024, Biden-⁠Harris Administration launched federal-state initiative to bolster America’s power grid with commitment of 21 leading states. This is further expected to drive the adoption of cables in power grid.
• Thus, as per the analysis, the rising investments in energy & power industry are further expected to drive the industrial cables market during the forecast period.