The global HV & EHV Underground Cables market size is estimated to be worth US$ 9,594.77 million in 2022 and is forecast to a readjusted size of US$ 12,916.44 million by 2028 with a CAGR of 5.08% during the forecast period 2022-2028.

Fully considering the economic change by this health crisis, HV accounting for 70.56% of the HV & EHV Underground Cables global market in 2021, is projected to value US$ 8,541.84 million by 2028, growing at a revised 4.07% CAGR from 2022 to 2028. While Direct Current segment is altered to an 5.95% CAGR throughout this forecast period.

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List of Tables & Figures


Research Methodology

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This report focuses on HV & EHV Underground Cables volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall HV & EHV Underground Cables market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan, etc.

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company

The global major manufacturers of HV & EHV Underground Cables include Prysmian Group, Nexans, Southwire, Hengtong Group, Furukawa Electric, Sumitomo Electric Industries, and etc. In terms of revenue, the global three largest players hold a 37.07% market share of HV & EHV Underground Cables in 2021.

Prysmian Group



Hengtong Group

Furukawa Electric

Sumitomo Electric Industries

Qrunning Cable

LS Cable & System

Taihan Electric

Riyadh Cable

NKT Cables

Segment by Type



Segment by Application

Direct Current

Alternative Current

Consumption by Region

North America HV & EHV Underground Cables market size was US$ 1,378.21 million in 2021, while Europe was US$ 2,236.61 million. The proportion of the North America was 15.38% in 2021, while Europe's percentage was 24.95%, and it is predicted that Europe market share will reach 23.39% in 2028, trailing a CAGR of 3.91% through the analysis period. As for the Asia, the notable markets are Japan and South Korea, CAGR is 2.76% and 4.51% respectively for the next 6-year period.

North America






South Korea

China Taiwan

Southeast Asia









Rest of Europe

Latin America



Rest of Latin America

Middle East and Africa


Saudi Arabia


Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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