Gitnux/Report 2026

Electric Cable Industry Statistics

Transmission and distribution losses still hover around the mid single digits, with U.S. figures at roughly 5.8% most recently and a 2023 to 2028 U.S. spend forecast averaging 0.6% annual growth, while global demand keeps widening from $178.3 billion for power T and D equipment to forecasts that push cable categories like medium voltage and building wire much higher by 2032. Cost and performance pressure is the real plot twist for Electric Cable Industry, from copper and nonferrous PPI swings that hit manufacturing inputs to testing and ampacity practices that can lift usable capacity by about 10 to 30%.
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November 10, 2026Updated
Electric Cable Industry Statistics
Priyanka SharmaWritten by Priyanka Sharma·Edited by Leah Kessler·Fact-checked by Maya Johansson
Published ·Updated
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The electric cable industry at a glance

The global electric wires and cables market was estimated at $230.9 billion in 2025, with demand supported by grid modernization, renewable-energy expansion, data centers, electrification and digital connectivity.

$230.9B[54]
Global market size, 2025
3.8%[55]
Forecast CAGR, 2026–2033
14,696[56]
U.S. production workers, 2024
38%[54]
Asia-Pacific revenue share, 2025
Market size
The global wires and cables market was estimated at approximately $230.9 billion in 2025. Europacable members reported worldwide turnover above €70 billion in 2023, indicating substantial scale among major European and international cable manufacturers.[54][57]
Forecast & CAGR
Available industry estimates place medium-term growth at approximately 3.8%–6.6%, with the market projected to reach roughly $313 billion–$320 billion or more by the early 2030s. Grand View Research projects a 3.8% CAGR from 2026 to 2033 and revenue of $313.19 billion in 2033.[54][55]
Market share & regions
Asia-Pacific accounted for approximately 38% of global cable-market revenue in 2025 and was identified as the largest and fastest-growing regional market. China and India were cited as leading contributors to incremental demand.[54]
Segmentation
The industry is commonly segmented by voltage, installation and end use. Reported categories include low-, medium-, high- and extra-high-voltage cables; overhead and underground installation; and applications such as construction, aerospace and defense, oil and gas, renewable energy, automotive and data centers.[55][58]
Key players & concentration
The market includes large multinational manufacturers such as Prysmian, Nexans, Southwire and other regional producers. Europacable says its members employ more than 80,000 people and generate more than €70 billion in worldwide turnover, while the International Cablemakers Federation represents approximately 70% of global wire-and-cable manufacturing capacity.[57][59]
Trends, drivers & challenges
Demand is being driven by power-transmission and distribution investment, grid modernization, renewable-energy deployment, data-center connectivity, electric mobility and urbanization. Producers also face exposure to copper and aluminum costs, capacity constraints, supply-chain pressure and infrastructure-security risks, including damage to subsea cables.[54][60]
Consumer behavior & competition
Purchasing is largely project-based and specification-driven: utilities, construction companies, electrical distributors, municipalities and data-center developers select products by voltage, safety certification, installation environment, delivery capability and total cost. In the United States, Republic Wire serves electrical wholesalers, utilities and municipalities, while Prysmian describes Channell as strengthening end-to-end fiber-to-the-home offerings.[11][23]
M&A
M&A remained active in 2025–2026. Prysmian completed its $950 million acquisition of Channell in June 2025; Nexans acquired Cables RCT in Spain in June 2025, Electro Cables in Canada in December 2025 and Republic Wire in the United States in June 2026; Prysmian also completed the acquisition of Xtera for an enterprise value of $65 million in 2026.[23][11][48]
Regulation
In the European Union, construction cables covered by the Construction Products Regulation use the EN 50575 framework and Euroclass reaction-to-fire classifications. The current CPR scope excludes fire-resistant cables until a dedicated harmonized standard is issued and published in the Official Journal of the EU.[61][44]
Latest news
Recent industry developments include Nexans’ June 1, 2026 completion of Republic Wire, expanding its U.S. low-voltage platform, and Prysmian’s 2026 completion of Xtera, adding repeater technology to its submarine-telecom offering. Nexans reported that acquisitions contributed 5.6% to its first-nine-months 2026 scope effect.[11][48]

02 Ranking

Top 10 Companies in the Electric Cable Industry

The leading companies in the electric cable industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 9, 2026 · Next review December 9, 2026

Verdict

Prysmian and Polycab India are tied at the top of Gitnux's 2026 electric cable ranking with an Overall score of 9.1 each.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in power cables

    Prysmian

    IT

    Ranked #1 · 9.1 · Power cables

    Why we picked it: It pairs cable production with digital-data initiatives, including SAP RISE for configuration-to-analytics.

    See in ranking ↓Visit prysmian.com ↗

  2. Leader in wires and cables

    Polycab India

    IN

    Ranked #2 · 9.1 · Wires and cables

    Why we picked it: It supplies wires and cables across India and export markets, backed by integrated manufacturing signals.

    See in ranking ↓Visit polycab.com ↗

  3. Leader in submarine cable systems

    Nexans

    FR

    Ranked #3 · 8.9 · Submarine cable systems

    Why we picked it: It combines electrification cable supply with grid-reliability monitoring tools listed in its portfolio.

    See in ranking ↓Visit nexans.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the electric cable industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Prysmian

Power cables · IT

9.1
2

Polycab India

Wires and cables · IN

9.1
3

Nexans

Submarine cable systems · FR

8.9
4

Elsewedy Electric

Power cables · EG

8.8
5

KEI Industries

Power cables · IN

8.7
6

Southwire

Building wire, utility and industrial cables · US

8.4
7

Furukawa Electric

Power, communications and infrastructure cables · JP

8.4
8

Sumitomo Electric Industries

High-voltage, submarine and industrial cables · JP

8.4
9

Jiangsu Zhongtian Technology

Power, submarine and optical communication cables · CN

8.1
10

Taihan Cable & Solution

Power, submarine and industrial cables · KR

8.1

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 9, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Priyanka Sharma. (2026, February 13). Top 10 companies in the electric cable industry. In Electric Cable Industry Statistics. Gitnux. https://gitnux.org/electric-cable-industry-statistics/#top-companies

report visual · Comparison

EU imports of insulated electric wire and cable (CN 85444991) by partner

Türkiye leads with €235.0M.

Türkiye€235.0M
Ukraine€80.2M
China€74.4M
Bosnia and Herzegovina€68.4M
United Kingdom€39.2M
source-verifiedtradedashboard.eu

04 Statistics

Technology & Innovation

AI-enabled optical inspection drives measurable production-line changes, including a shift from 5 seconds to 0.2 seconds for inspection time.

AI in the electric cable industry

  • 2–3 workers to 0.5 worker was the expected reduction in production-line monitoring staffing using AI-enabled optical inspection for cable extrusion.[1]
  • 1 AI-enabled IntelliSense Cable product was introduced by Sterlite Electric to provide embedded monitoring and predictive insights for power infrastructure in India in 2025.[2]
  • 1 national Industrial AI Agent Technology Development project selected Taihan Cable & Solution as a joint R&D institution for EHV cable production in South Korea in 2026.[3]
  • 5 seconds to 0.2 seconds was the expected reduction in cable-inspection time from an AI-enabled automated optical inspection system.[1]

Automation in the electric cable industry

  • 100% quality inspection coverage was reported for an automated wire-and-cable inspection solution detecting breaks, knots and corrosion.[4]
  • 4% to 1.2% was the reduction in rejects after implementing data-centric automated continuity testing in cable-harness assembly, a decrease of 254 rejected units.[5]
  • €100 million was planned for additional capacity at NKT’s existing cable factory in Cologne, with operations scheduled to begin gradually from 2027.[6]
  • 1 new factory was planned by NKT in Karlskrona to add end-to-end high-voltage offshore-cable production capacity by 2027.[6]

Digital Transformation in the chemicals and materials sector (sector benchmark)

  • Among ASUG chemicals-industry members, 57% identified moving to SAP S/4HANA as a top focus area in 2025.[7]
  • Among ASUG chemicals-industry members, 46% ranked automation among their leading technology focus areas in 2025.[7]
  • Among EII businesses, 68% reported adopting AI in 2024, with an estimated 10% productivity increase.[8]
  • Across European chemical subindustries, 65% of companies viewed digitalization as an opportunity that would significantly impact their activities in 2024.[8]

Technology Adoption in the chemicals and materials sector (sector benchmark)

  • Among chemicals organizations surveyed by IBM, 45% had implemented AI for supply-chain optimization in 2025.[9]
  • Among chemicals organizations surveyed by IBM, 49% had implemented AI for production planning and scheduling in 2025.[9]
  • Among chemicals organizations surveyed by IBM, 53% had implemented AI for real-time process control and optimization in 2025.[9]
  • Among chemicals organizations surveyed by IBM, 49% had implemented AI for quality inspection or defect detection in 2025.[9]

Cloud Computing in the chemicals and materials sector (sector benchmark)

  • Across chemical-sector companies surveyed by Arthur D. Little and Cefic, 15% planned to migrate to cloud computing in coming years in 2023.[10]
  • Among EII businesses, 52% reported increased productivity from cloud computing in 2024, while 46% reported no change.[8]
  • Across chemical-sector companies surveyed by Arthur D. Little and Cefic, more than 35% had at least partially migrated to cloud computing in 2023.[10]
  • Among EII businesses, 2% reported decreased productivity from cloud computing in 2024.[8]

Big Data in the chemicals and materials sector (sector benchmark)

  • Among EII businesses, 6% reported decreased productivity from big data in 2024.[8]
  • Among EII businesses, 48% reported increased productivity from big data in 2024.[8]
  • Among ASUG chemicals-industry members, 49% cited gaining actionable insights from data and analytics as a current challenge in 2025.[7]
  • Among EII businesses, 44% reported no productivity change from big data in 2024.[8]

Blockchain in the electric cable industry

  • 1 blockchain-based wire-and-cable quality-traceability system was developed and tested by researchers at Xinjiang University for production and supply-chain data sharing in China in 2024.[5]
  • 5 years was Nexans’ projected period for developing a blockchain anti-counterfeiting system covering cable certificates from production through installation.[11]
  • 1 digital cable-drum tracking partnership was established by NKT with the IOTA Foundation to explore blockchain-enabled asset management in the power-cable industry.[12]

IoT in the chemicals and materials sector (sector benchmark)

  • Across 23 European countries, close to one-third of manufacturing firms used IoT in 2021.[13]
  • Across European countries, 29% of firms used IoT on average in 2021.[13]
  • Among EII businesses, 56% reported no productivity change from IoT in 2024.[8]

05 Statistics

Data & Analytics

Cable digitization is moving into configuration-to-analytics data models, with 1 global instance of SAP RISE implemented by Prysmian.

Business intelligence in the electric cable industry

  • 1 global instance of SAP RISE was implemented by Prysmian to unify data and processes from cable configuration through analytics.[14]
  • 1 pilot plant, Calais, was operating an advanced monitoring system in Prysmian’s Factory 4.0 programme.[15]
  • 1 digital Innovation Lab at Prysmian focuses on artificial intelligence, machine learning, big data and augmented reality for cable operations.[16]
  • 6 grid-monitoring and digital tools are listed in Nexans’s grid-reliability monitoring-solutions portfolio.[11]
  • 3 value-creation levers—enhanced customer experience, life-cycle solutions and digital technology—were defined by Nexans in 2025.[11]
  • 3 PhD research projects were dedicated by Nexans to material ageing, water uptake and polymer-degradation markers.[11]

Data analytics in the electric cable industry

  • 1 AI-based analytics company, Sensewaves, received investment from Nexans and American Electric Power in 2025.[11]
  • 1 cable-solution data system is being developed by Prysmian to combine materials, production, delivery times and quality tests.[15]
  • 2024 was the year Nexans conducted utility-client studies to assess cable-system condition and predict remaining service life.[11]
  • 1 predictive-quality project at Prysmian uses statistical and artificial-intelligence algorithms on factory-machine data.[16]
  • 1 digital-data offering is included in Nexans’s enhanced-customer-experience proposition for cable customers.[11]
  • 6 named digital solutions—SynchroGuard, SynchroSense, MV monitoring, Infracheck, Ultracker and Adaptix Grid—are listed by Nexans.[11]

Data Quality in the chemicals and materials sector (sector benchmark)

  • 44% of companies in the manufacturing survey reported AI-project failures caused by poor data quality in 2025, across surveyed manufacturers.[17]
  • 42% of manufacturers had a process to verify manufacturing-data accuracy and quality in 2026, while 51% did not.[18]
  • 89% of manufacturers said data use improved their decision-making processes in 2026, across the surveyed manufacturing sector.[18]
  • 67% of supply-management organizations said their data quality was better or significantly better than two years earlier in 2024.[19]
  • 80% of manufacturers reported a measured value for their operational data in 2026, across the surveyed manufacturing sector.[18]
  • 49% of supply-management organizations rated their data quality as good or excellent in 2024, based on an Institute for Supply Management survey.[19]

Data Governance in the chemicals and materials sector (sector benchmark)

  • 28% of manufacturers had a data-governance leader in 2026, across the Manufacturing Leadership Council survey.[18]
  • 67% of GCC chemical companies had established performance management or KPIs around digital supply chains in 2022.[20]
  • 61% of supply-management organizations had a dedicated data-governance function in 2024, based on a survey of more than 121 respondents.[19]
  • 90% of supply-management organizations agreed or strongly agreed that data governance was necessary in 2024.[19]
  • 52% of global chemical companies had established performance management or KPIs around digital supply chains in 2022.[20]
  • 46% of GCC chemical companies had established common data standards with collaboration partners in 2022.[20]

KPIs in the electric cable industry

  • 50% of Prysmian employees were shareholders in 2025.[16]
  • 69.6% was Prysmian’s 2025 taxonomy-eligible operating-expenditure KPI.[16]
  • 21.3% was Prysmian’s 2025 recycled-content KPI for polyethylene jackets and copper.[16]
  • 48.21 was Prysmian’s lost-time-injury severity rate in 2025.[16]
  • 100% was Cleveland Cable Company’s reported waste recycling or landfill-diversion KPI across all branches during the latest twelve-month period.[21]
  • 44.2% was Prysmian’s 2025 sustainability-linked-revenue KPI.[16]

06 Statistics

Strategy & Growth

Electrification and transmission projects show scale, including 420 kilometers of 110 kV cable covered by a Nexans 2026 subcontract.

Growth in the electric cable industry

  • 15% volume growth was achieved by KEC International’s high-tension cable segment in fiscal 2024–25.[22]
  • 8.3% was Nexans’ organic growth in 2025, exceeding its medium-term guidance.[11]
  • €6.098 billion was Nexans’ 2025 sales at standard metal prices, up 10.1% from 2024.[11]
  • €19 billion in global revenue made 2025 Prysmian’s best year yet, according to the company.[16]
  • 3%–5% was Nexans’ targeted compound annual growth rate for its electrification business through 2028.[11]
  • 25% volume growth was achieved by KEC International’s low-tension cable segment in fiscal 2024–25.[22]

Differentiation in the electric cable industry

  • 1 GW was the transmission capacity of the Corinth–Kos HVDC interconnection for which Nexans is supplying a 110 kV cable system.[11]
  • 1.5 times farther was the stated data-transmission distance enabled by Relativity Networks’ hollow-core fiber compared with conventional fiber.[23]
  • 27 R&D centers worldwide supported Prysmian’s cable and solutions innovation activities in 2024.[24]
  • 24% was Prysmian’s new-product and solutions vitality level in 2024, measuring the contribution of newer offerings.[24]
  • 2,150 meters below sea level was the planned maximum installation depth for Nexans’ Tyrrhenian Link high-voltage subsea cable.[11]
  • 48% of Prysmian’s sales were attributable to products and business segments contributing to a low-carbon economy.[16]

Mergers and acquisitions in the electric cable industry

  • €19 billion was Prysmian’s global revenue in 2025 following its recent acquisition-led North American expansion.[23]
  • Channell expanded Prysmian’s Digital Solutions presence in North America after its 2025 acquisition.[16]
  • Xtera and ACSM strengthened Prysmian’s Transmission business through vertical integration and expanded services after their 2025 acquisitions.[16]
  • Two targeted acquisitions were completed by Nexans in 2025: Cables RCT in Spain and Electro Cables in Canada.[11]
  • More than 3,000 employees were added to Prysmian’s North American footprint through the Encore Wire and Channell acquisitions.[23]
  • 40% of Prysmian’s 2025 total sales came from North America after its recent acquisitions in the region.[23]

Strategic partnerships in the electric cable industry

  • €250 million was the EIB financing supporting Nexans’ R&D and industrial investment partnership with the European Investment Bank.[11]
  • More than 300 supplier partners participated in Nexans’ annual Suppliers Day, representing 75% of Group spending since 2021.[11]
  • 420 kilometers of 110 kV cable system were covered by Nexans’ 2026 subcontract with Hellenic Cables and Asso.subsea.[11]
  • €1.8 billion was the total value of Prysmian and DEME Group’s Dominion Energy offshore-wind contract, including approximately $730 million for Prysmian.[23]
  • €50 million was the value of Nexans Switzerland’s high-voltage tunnel project delivered in partnership with Swissgrid.[11]
  • €1 billion was the approximate value of RTE’s strategic cable-supply commitment involving Prysmian, Nexans, NKT-SolidAl and Hellenic Cables.[11]

07 Statistics

People & Workforce

Workforce participation and training metrics remain central, with 59% of Nexans employees participating in training in 2024.

Hiring in the electric cable industry

  • 6,845 women were included in Prysmian’s 2025 workforce population used for regular-review metrics.[16]
  • 6,627 employees were employed by NKT in 2025, up from 6,057 in 2024 as the cable group expanded organically.[25]
  • 570 employees was NKT’s year-on-year workforce increase between 2024 and 2025.[25]

Employee retention in the electric cable industry

  • 12% was NKT’s total employee turnover rate in 2025, compared with 10% in 2024.[6]
  • 5,686 employees left Nexans during 2024 across the group.[11]
  • 8% was NKT’s permanent-employee turnover rate in both 2025 and 2024.[6]
  • 75% was NKT’s temporary-employee turnover rate in 2025, compared with 37% in 2024.[6]
  • 19.9% was Nexans’ overall employee turnover rate in 2024.[11]

Remote Work in the chemicals and materials sector (sector benchmark)

  • Across U.S. chemical and pharmaceutical manufacturing employers, 5.7% of positions were fully remote in 2024.[26]
  • Across U.S. remote-capable employees, 25% worked exclusively remotely in August 2026.[27]
  • Among U.S. energy, natural-resources and chemicals workers, 25% preferred mostly remote work in 2025.[28]
  • Among U.S. energy, natural-resources and chemicals workers, 8% preferred fully remote work in 2025.[28]

Hybrid Work in the chemicals and materials sector (sector benchmark)

  • Across U.S. remote-capable employees, 54% worked in a hybrid arrangement in August 2026.[27]
  • Across U.S. hybrid employees, 48% said their team had not discussed a formal or informal collaboration plan in 2026.[27]
  • Across U.S. remote-capable employees, 61% preferred a hybrid work arrangement in November 2025.[27]
  • U.S. hybrid employees spent an average of 46% of their workweek on-site in 2026.[27]
  • Across U.S. chemical and pharmaceutical manufacturing employers, 44.5% of positions were fully hybrid in 2024.[26]

Upskilling in the electric cable industry

  • 59% of Nexans employees participated in training in 2024.[11]
  • 2,614 NKT employees in at-risk functions received Code of Conduct training in 2025.[6]
  • 83% of NKT employees in at-risk functions completed Code of Conduct training in 2025.[6]
  • 75% of Nexans managers received training in 2024.[11]
  • 30% of Nexans’ training hours focused on technical core-business skills in 2024.[11]

Employee Engagement in the chemicals and materials sector (sector benchmark)

  • Across employees in the United States, 32% were engaged at work in 2025.[27]
  • Across best-practice organizations recognized by Gallup, 70% of employees were engaged in 2025.[27]
  • Across employees worldwide, 20% were engaged at work in 2025.[27]
  • Among global managers, 22% were engaged at work in 2025, compared with 19% of non-managers.[27]
  • Across employees in the United States and Canada, 31% were engaged at work in 2025.[27]

DEI in the electric cable industry

  • 40.3% of Prysmian women participated in regular performance reviews in 2025.[16]
  • 19.7% of Prysmian men participated in regular performance reviews in 2025.[16]
  • 19% of NKT’s workforce was female in 2025, compared with 17% in 2024.[6]

08 Statistics

Customer & Sales

Customer experience in the electric cable industry

  • +37 was Prysmian’s overall customer Net Promoter Score in 2025.[16]
  • 36% was Prysmian’s customer-survey response rate in 2025 across 28 countries, covering main customers primarily in the distribution channel.[16]
  • 28 countries were covered by Prysmian’s customer-experience survey in 2025 across Europe, North America, Latin America, OSEA, the United Kingdom and Turkey.[16]

Customer loyalty in the electric cable industry

  • +43% was Prysmian Group’s customer Net Promoter Score in Central and Eastern Europe in 2022.[29]
  • +51% was Prysmian Group’s customer Net Promoter Score in Latin America in 2022.[29]
  • +32% was Prysmian Group’s overall customer Net Promoter Score in 2022, compared with +33% in 2021.[29]
  • +19% was Prysmian Group’s customer Net Promoter Score in OSEA in 2022, up from 0% in 2021.[29]

09 Statistics

Marketing & Brand

Digital presence is tracked with web and social metrics; Prysmian Group recorded 140,000 monthly sessions after its digital-presence program.

Marketing in the electric cable industry

  • €10,000 was Prysmian’s approximate annual cost for its customer-satisfaction survey analysis and consolidation in 2025.[16]
  • 6 customer-driver categories were assessed in Prysmian’s 2025 survey: commercial strategy, innovative products and solutions, supply chain, customer support, marketing and digitalization.[16]

Digital marketing in the electric cable industry

  • 15,000 web pages were produced in more than 20 languages during Prysmian Group’s digital-presence initiative.[16]
  • 140,000 monthly sessions were recorded on Prysmian Group’s global website after its digital-presence program.[16]
  • 82% was the reported year-over-year increase in Prysmian Group’s LinkedIn followers after its digital-presence program.[16]
  • 63,300 LinkedIn followers were reported for Prysmian Group’s company page after its digital-presence program.[16]

Branding in the electric cable industry

  • €40 million was Nexans’ incremental EBITDA ambition from the SHIFT Prime program focused on customer needs, innovation, marketing and branding by 2024.[11]
  • 17,000 customers were reduced to 4,000 strategic customers in Nexans’ strategic repositioning toward higher-specialty cable solutions.[11]
  • 5 times was the increase in Nexans’ share price cited in its transformation story after the SHIFT program.[11]

Social media in the electric cable industry

  • 63,300 LinkedIn followers were reported for Prysmian Group’s company page after its digital-presence initiative.[16]
  • 82% was the reported year-over-year growth in Prysmian Group’s LinkedIn followers after its digital-presence initiative.[16]
  • 160 social-media posts were produced by Prysmian Group during its digital-presence initiative.[16]

Influencer Marketing in the chemicals and materials sector (sector benchmark)

  • Across B2B companies, 81% of marketers had a dedicated influencer-marketing budget in a September 2024 U.S. survey of firms with at least 100 employees.[30]
  • Across B2B companies, 55% of marketers used creators in 2025, based on a March 2025 Ipsos survey of 1,500 marketing professionals.[31]
  • In U.S. manufacturing, 19% of marketers used influencer marketing among paid channels in the prior 12 months, according to a 2025 industry benchmark.[32]
  • Across B2B companies, 56% of marketers identified social-media posts as the most effective influencer-program content type in a September 2024 U.S. survey.[30]
  • Across B2B companies, 43% of marketers reported outstanding results from influencer programs in the 2025 B2B Influencer Marketing Report.[33]

10 Statistics

Operations & Execution

Operations rely on quality and MES expansion, including 1 FastTrack MES system expansion program continuing at Prysmian in 2024.

Process optimization in the electric cable industry

  • 600,000 metric tons per year is Nexans’ approximate wire-rod production capacity across four mills in France, Canada, Peru and Chile in 2024.[11]
  • 1,150 million euros is Nexans’ medium-term adjusted-EBITDA target, linked to operational-excellence and asset-optimization initiatives.[11]
  • 80,000 metric tons per year is Nexans’ planned copper-scrap recycling capacity, supporting process circularity in its cable operations in 2024.[11]
  • €90 million was Nexans’ announced investment in French and Belgian facilities to increase advanced 525kV onshore-cable production capacity in 2024.[11]
  • 4 rod mills operated by Nexans in Lens, Montreal, Lima and Santiago supplied cable-manufacturing wire rods in 2024.[11]

Operational efficiency in the electric cable industry

  • 13.6% was Nexans PWR-Grid’s adjusted EBITDA margin in 2024, up from 13.2% in 2023.[34]
  • 72.3% was the year-on-year increase in Nexans PWR-Transmission adjusted EBITDA to €142 million in 2024.[34]
  • 8.0% of standard-metal-price sales was Nexans’ 2024 operating margin, compared with 6.6% in 2023.[11]
  • 21.0% was Nexans’ year-on-year increase in adjusted EBITDA to €804 million in 2024.[11]
  • 45% or more is Nexans’ targeted free-cash-flow conversion rate under its medium-term operational and financial plan.[11]

Quality management in the electric cable industry

  • 1 annual reduction in customer complaints was reported by Prysmian after quality-principles training and problem-solving programs, with the report describing a significant reduction.[16]
  • 12 months was the reporting frequency for Nexans’ quality and customer-satisfaction indicator tracking at its operating units in 2024.[11]
  • 2 named sector certifications highlighted by Nexans were IRIS for rolling stock and ISO 9100 for aerospace applications in 2024.[11]
  • 1 Industrial IoT project was ongoing at Prysmian in 2024 to improve production-line connectivity and the usability of process data.[16]
  • 1 FastTrack MES system expansion program was continuing at Prysmian in 2024 to strengthen product-quality management across group plants.[16]

Supply chain in the electric cable industry

  • 2,185 non-employee workers were reported by Prysmian in its global workforce at the end of 2024.[16]
  • 1 sole high-voltage subsea-cable plant operated in the United States after Nexans transformed its Charleston facility to support offshore wind supply in 2024.[11]
  • 90% of Nexans PWR-Transmission’s 2024–2028 topline was reported as secured through the segment’s backlog.[11]
  • 80% of Nexans’ procurement spend was assessed with a corporate-social-responsibility scorecard in 2024.[11]
  • 90% or more of Nexans PWR-Transmission’s adjusted backlog was subsea-driven at December 31, 2024.[11]

Outsourcing / Offshoring in the chemicals and materials sector (sector benchmark)

  • Across North American specialty chemicals, 100% of customer respondents allocated only 0–25% of company capital expenditure to reshoring projects in 2025.[35]
  • Across 22 EU countries and Norway, 72.8% of enterprises engaged in international sourcing moved business functions to other EU countries during 2021–2023.[36]
  • Across North American specialty chemicals, 50% of customer respondents were actively pushing onshoring projects in 2025.[35]
  • Across North American specialty chemicals, 50% of customer respondents actively drove onshoring projects with suppliers but reported no success in 2025.[35]
  • Across North American specialty chemicals, 43% of customer respondents actively drove onshoring projects with suppliers and achieved some success in 2025.[35]

11 Statistics

Finance & Pricing

Profitability signals include operating margin and growth at standard metal prices, with Nexans reporting 8.0% operating margin in 2024.

Pricing strategy in the electric cable industry

  • 5.1% was Nexans’ 2024 organic growth at constant scope and currency in standard-metal-price sales.[11]
  • 13.0% was organic growth in Nexans’ electrification businesses in 2024, supported by selective growth and value-oriented offerings.[11]
  • 50.3% was the organic sales increase in Nexans PWR-Transmission in 2024 after the Halden expansion.[34]
  • 3.1% was Nexans PWR-Grid’s organic standard-sales growth in 2024, with growth supported by new frame agreements.[34]
  • 8.1% was Nexans’ 2024 organic growth excluding the Other activities segment, measured at standard metal prices.[11]

Cost reduction in the electric cable industry

  • 1 completed XLPE-compounding facility strengthened vertical integration at Encore Wire’s parent company Southwire in 2023, supporting future cost reduction.[37]
  • 18% of sales was the Nexans supply-chain-decarbonization indicator displayed in its 2024 report, linked to lower-resource procurement and production objectives.[11]
  • 137 crore rupees was APAR’s 2024 capital expenditure on capabilities, productivity improvement, cost reduction, ESG, research and development, and capacity.[38]
  • 2 times greater power transmission is cited for APAR’s HTLS conductors versus conventional conductors, potentially reducing aluminium use for equivalent conductivity.[38]
  • 80,000 metric tons per year is Nexans’ targeted copper-scrap recycling capacity, intended to improve material efficiency in cable production.[11]

Profitability in the electric cable industry

  • 26.3% was Nexans’ return on capital employed for electrification businesses in 2024.[11]
  • 21.1% was Nexans’ group return on capital employed in 2024.[11]
  • 16% was Prysmian’s employee-turnover rate in 2024, down from 19% in 2023.[16]
  • 804 million euros was Nexans’ adjusted EBITDA in 2024, a record high for the group.[11]
  • 11.4% was Nexans’ group adjusted EBITDA margin in 2024, compared with 10.2% in 2023.[11]

Financial planning in the electric cable industry

  • 30% or more is Nexans’ medium-term dividend-payout target in its capital-allocation framework.[11]
  • 378 million euros was Nexans’ 2024 capital expenditure, before depreciation and other balance-sheet adjustments.[11]
  • 1.0 times or less is Nexans’ medium-term leverage target in its financial framework.[11]

12 Statistics

Product & Service

Service and materials engineering show up in product and circularity metrics, including 10–15 years minimum telecom network cable service life cited by the U.S. EPA.

Product development in the electric cable industry

  • 1,000 Prysmian R&D professionals worked across 26 research and development centres in 2022.[39]
  • 114 patents covering main innovations were reported by Prysmian in 2022.[39]
  • 250 product families were launched by Prysmian in 2022.[39]
  • 2025 saw the development of a 2,000-volt energy-storage cable by Ta-Tung Electric Wire & Cable.[25]
  • €51.935 million was Ta-Tung Electric Wire & Cable’s R&D expense in 2025, equal to 0.79% of revenue.[25]

Product lifecycle in the electric cable industry

  • 10–15 years is the expected minimum service life for telecommunications network cables cited by the U.S. EPA.[40]
  • 5.71% was Nexans’ production-waste rate per tonne of cable produced in 2021.[11]
  • 3.48 kilograms per metre was Enexis’s 2024 primary-material intensity for medium-voltage cable.[41]
  • 2.29 kilograms per metre was Enexis’s 2024 primary-material intensity for low-voltage cable.[41]
  • 35,000 tonnes was the total annual cable-waste recovery capacity of Nexans’ RecyCâbles platform in Europe in 2021.[11]

After-sales in the electric cable industry

  • 30,000 tonnes of cables are processed annually through Nexans CableLoop services.[11]
  • 800 tonnes was Nexans’s target for collecting used cables through CableLoop by 2025.[42]
  • 3,000 kilometres of Equinor cable systems were covered by Nexans’s long-term turnkey repair-services agreement signed in 2024.[11]
  • 26 additional collection-terminal locations were installed by Nexans in France and Spain during 2025.[11]
  • 880 tonnes of cable off-cuts were collected by Nexans through CableLoop in 2025.[11]

Value proposition in the electric cable industry

  • 5% per year was Nexans’s cited expected growth rate for the cable market from 2023 to 2028.[34]
  • 200 environmental-product-declaration assessments were reported by Prysmian for 2025.[16]
  • €74 billion was the estimated 2023 cable-market value cited by Nexans for its low-voltage-cable segment context.[34]
  • 25% is Nexans’s target share of recycled copper in new cables by 2028.[11]
  • 21.3% was Prysmian’s 2025 share of recycled content in polyethylene jackets and copper.[16]

13 Statistics

Sustainability & Ethics

Material recycling and end-of-life claims are prominent, including 99.9% copper purity recovered through the RecyCâbles process (2023).

Sustainability in the electric cable industry

  • 40% was the maximum carbon-emissions reduction claimed for Nexans low-carbon cables compared with standard equivalents, worldwide, in 2026.[11]
  • 80% was Nexans’ 2025 target for revenue from products and services contributing to energy transition and efficiency, worldwide.[11]
  • 55% was Nexans’ 2025 target for electricity procurement covered by its RE100 engagement, worldwide.[11]
  • 29% was Nexans’ 2025 target for reducing Scope 3 greenhouse-gas emissions from its 2019 baseline, worldwide.[11]
  • 54.8% was Southwire’s 2032 target for reducing Scope 1 and 2 emissions, worldwide.[43]

Ethics in the electric cable industry

  • 92% of Nexans managers signed the annual compliance certificate in 2021, worldwide.[11]
  • 4,766 Nexans employees completed the company’s Compliance Week program in 2021, worldwide.[11]
  • 98.3% of Nexans managers completed the Compliance Week program in 2021, worldwide.[11]

CSR in the electric cable industry

  • 80% was Nexans’ 2025 employee-engagement-index target, worldwide.[11]
  • 22% was Nexans’ 2025 target for women in top-management positions, worldwide.[11]
  • 30% was Nexans’ 2025 target for women in management positions, worldwide.[11]
  • 15.7% of Prysmian’s employees were women in its 2021 total-workforce sustainability reporting, worldwide.[16]

Circular economy in the electric cable industry

  • 31,000 metric tons of cables were processed annually by RecyCâbles, the Nexans–SUEZ recycling venture, according to 2023 data.[44]
  • 78% was Nexans’ estimated average end-of-life product recyclability rate in 2025, worldwide.[11]
  • 53% of Prysmian shipping reels were reused in 2025, according to the company’s resource-outflow reporting.[45]
  • 99.9% was the reported purity of copper recovered through the RecyCâbles process, according to 2023 information.[46]
  • 10,000 tons per year was the approximate cable-waste recyclability capacity of TFKable’s Bukowno plant in Poland in 2023.[47]

Carbon footprint in the electric cable industry

  • 5.74 tonnes of CO2 equivalent per tonne of purchased copper was Prysmian’s 2025 copper-emissions intensity, worldwide.[48]
  • 10% recycled copper or aluminium was the minimum material criterion for Nexans cables identified as low-carbon through its product program.[11]
  • 40% was the maximum reduction in carbon emissions reported for Nexans low-carbon cables compared with standard equivalents, worldwide.[11]
  • 70–90% of a cable’s cradle-to-gate carbon footprint was attributed to metal conductors by Nexans, according to its 2026 position statement.[11]

15 Statistics

Globalization & Expansion

Cross-country production footprints are extensive; Nexans reported operations in 41 countries in 2025.

Globalization in the electric cable industry

  • Seven European countries were identified as production locations for cables supplied under RTE’s nearly €1 billion framework commitment.[11]
  • €19 billion was Prysmian’s global revenue in 2025, while North America generated more than $9 billion, or 40% of total sales.[23]
  • 104 kilometers of fiber-optic cable were required for Nexans’ Malta–Sicily interconnector, with production split between Norway and the United States.[11]
  • €100 million was committed to build Nexans’ third medium-voltage cable plant in Morocco by 2026, alongside existing facilities in Casablanca and Mohammedia.[11]
  • 41 countries hosted Nexans operations in 2025, with 25,700 employees and €6.1 billion in standard sales.[53]

Supplier management in the electric cable industry

  • Approximately 600 strategic suppliers were engaged by Nexans to promote responsible, ethical and sustainable supply-chain practices in 2025.[11]
  • 80,000 tonnes of copper a year could be recycled at Nexans’ planned Lens facility under its industrial investment program.[11]
  • More than 50 supplier cooperation projects had been implemented by Nexans in 2025, with another 100 in its pipeline.[11]
  • A five-year supply agreement for low-carbon aluminum was signed by Prysmian and Rio Tinto in 2023.[23]
  • Two-thirds of Nexans’ supplier spending with key suppliers was backed by long-term agreements in 2025.[11]

Stakeholder management in the electric cable industry

  • 13.5 million tonnes of lifetime carbon-dioxide emissions were estimated to be avoided by Nexans’ Malta–Sicily interconnector project.[11]
  • €3.7 billion was Terna’s planned investment in the Tyrrhenian Link project involving Nexans subsea cables.[11]
  • 19.3% of Nexans’ copper content was recycled in 2025, compared with a 25% target for 2028.[11]
  • €250 million was provided by the European Investment Bank to finance Nexans’ 2024–2029 research, development and industrial investments.[11]
  • 42% was Nexans’ target reduction for Scope 1 and 2 emissions by 2028 under its supplier and sustainability program.[11]

Distribution channels in the electric cable industry

  • 104 kilometers of fiber-optic cable were produced and shipped from Nexans’ Norwegian facility to its high-voltage cable plant in South Carolina.[11]
  • 668 million euros of RTE’s nearly €1 billion cable commitment covered cable production exclusively in Europe.[11]
  • 41 countries comprised Nexans’ operating footprint in 2025, supporting regional sales and customer access.[53]
  • 57 kilometers of cable were to be manufactured in Belgium and engineered, installed and accessorized from Switzerland for Nexans’ Gotthard project.[11]
  • 300 million euros of RTE’s cable framework commitment covered installation and assembly services.[11]

Key questions about the Electric Cable Industry

What is the electric wires and cables market size in 2025?
The global electric wires and cables market was estimated at $230.9 billion in 2025.
How fast does the market grow from 2026 to 2033?
The forecast CAGR for 2026–2033 is 3.8%. Grand View Research also projects 3.8% from 2026 to 2033, reaching $313.19 billion in 2033.
Which companies lead the electric cable industry?
Prysmian and Polycab India are tied at the top of Gitnux's 2026 electric cable ranking with an Overall score of 9.1 each.
What technology shifts are affecting cable manufacturing in the near term?
AI-enabled automated optical inspection is expected to cut inspection time from 5 seconds to 0.2 seconds, with 100% quality inspection coverage reported for automated detection.
How is the market structured and how are purchases made?
Purchasing is largely project-based and specification-driven, selected by voltage, safety certification, installation environment, delivery capability, and total cost.
What supply and compliance risks are most discussed in this market?
Producers face exposure to copper and aluminum costs, capacity constraints, supply-chain pressure, and infrastructure-security risks, including damage to subsea cables.
Reference

Cite This Report

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APA
Priyanka Sharma. (2026, February 13). Electric Cable Industry Statistics. Gitnux. https://gitnux.org/electric-cable-industry-statistics
MLA
Priyanka Sharma. "Electric Cable Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/electric-cable-industry-statistics.
Chicago
Priyanka Sharma. 2026. "Electric Cable Industry Statistics." Gitnux. https://gitnux.org/electric-cable-industry-statistics.

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