직류 전력 케이블 시장 : 세계의 산업 규모, 점유율, 동향, 기회, 예측 - 용도별, 절연 유형별, 최종 사용자별, 지역별 & 경쟁(2021-2031년)

The Global DC Electric Cable Market is projected to expand from USD 124.89 Billion in 2025 to USD 173.97 Billion by 2031, registering a CAGR of 5.68%. Direct Current (DC) electric cables are specialized transmission lines designed to transport electricity with minimal power loss over extended distances, rendering them critical for high-voltage underground and submarine infrastructure. The market is primarily driven by the global shift toward renewable energy, specifically the need to link remote offshore wind farms to mainland grids, and the growing demand for efficient cross-border interconnections. According to the International Energy Agency, global investment in electricity grids was expected to hit USD 400 billion in 2024, signaling a strong commitment to infrastructure upgrades that supports the deployment of these advanced cabling systems.

However, the market faces a major obstacle due to the high upfront capital expenditure required for High Voltage Direct Current (HVDC) projects, particularly the costs related to converter stations needed to transform current for end-use. This financial hurdle, combined with the technical complexity of integrating these systems into existing alternating current networks, frequently delays final investment decisions and complicates project execution, especially in price-sensitive regions.

Market Driver

The rapid growth of offshore wind energy projects serves as a primary catalyst for the DC electric cable market, as these installations require efficient transmission systems to convey power from distant maritime locations to onshore grids. Direct current technology is particularly well-suited for these long subsea connections because it minimizes the electrical losses associated with alternating current over long ranges. This increase in renewable energy activity correlates directly with higher procurement of high-voltage export cables, a trend supported by the Global Wind Energy Council's 'Global Wind Report 2024', which noted a record 117 GW of new wind capacity installed in 2023, indicating a massive scale-up in infrastructure requiring cabling support.

Simultaneously, rising investments in High Voltage Direct Current (HVDC) transmission infrastructure are significantly driving market development, motivated by the need for robust grid modernization and cross-border interconnections. Utilities are utilizing these systems to facilitate bulk power transfer and improve grid stability across regions, generating substantial demand for specialized subsea and underground DC cables capable of handling gigawatt-scale loads. For instance, Ofgem approved a £3.4 billion funding package in August 2024 for the Eastern Green Link 2 subsea cable between Scotland and England, illustrating the scale of capital involved. This activity is further evidenced by Prysmian S.p.A., which reported a transmission order backlog of approximately €18 billion in its 2024 half-year results, reflecting sustained demand for advanced cable solutions.

Market Challenge

The significant upfront capital expenditure required for High Voltage Direct Current (HVDC) projects represents a major impediment to the growth of the Global DC Electric Cable Market. These infrastructure initiatives necessitate massive funding not only for the specialized transmission lines but also for the complex converter stations essential for transforming electrical current for grid integration. This heavy financial burden creates a formidable barrier to entry, frequently causing developers and utility operators to delay or abandon critical offshore wind links and cross-border interconnections, particularly in price-sensitive regions where securing large-scale financing is difficult.

Consequently, this economic pressure is exacerbated by volatility in the global supply chain, which further inflates project budgets before construction can begin. The International Energy Agency reported in 2024 that prices for essential grid components, specifically transformers and power cables, had nearly doubled in real terms compared to 2019 levels due to raw material inflation and manufacturing constraints. This sharp rise in equipment costs directly impacts the financial feasibility of planned developments, forcing stakeholders to postpone final investment decisions and slowing the overall momentum of grid modernization efforts needed for broader market expansion.

Market Trends

The Widespread Adoption of Extruded XLPE Insulation Technologies is fundamentally reshaping the market, as utilities replace legacy oil-filled cables with advanced polymer materials capable of handling 525 kV ultra-high voltages. This technological shift is driven by the desire for higher transmission capacity coupled with lower environmental risks, positioning extruded cross-linked polyethylene as the new standard for continental power corridors. This industry-wide acceptance is confirmed by major manufacturing awards, such as NKT A/S announcing in December 2024 that it was awarded turnkey contracts valued at approximately EUR 1 billion to supply 525 kV XLPE cable systems for TenneT's grid expansion program, underscoring the commercial dominance of this technology.

Simultaneously, the Proliferation of DC Microgrids in Data Centers and Industrial Zones is creating a rapidly growing demand vertical for specialized cabling infrastructure. As hyper-scale computing facilities face rising power density requirements due to artificial intelligence workloads, operators are increasingly adopting direct current distribution architectures to eliminate conversion losses and improve energy efficiency. This surge in sector-specific power consumption necessitates a massive scale-up in heavy-duty DC cabling, a need highlighted by the U.S. Department of Energy's '2024 Report on U.S. Data Center Energy Use', which projects domestic data center electricity consumption will reach between 325 and 580 TWh by 2028.

Key Market Players

• Prysmian Group
• Nexans
• ABB Ltd
• NKT A/S
• LS Cable & System Ltd
• Sumitomo Electric Industries, Ltd
• Hitachi Ltd
• Furukawa Electric Co., Ltd
• Mitsubishi Electric Corporation
• KEI Industries Limited

Report Scope

In this report, the Global DC Electric Cable Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

DC Electric Cable Market, By Application

• Battery
• HVDC Transmission
• Solar Panels
• Electronic Devices

DC Electric Cable Market, By Insulation Type

• PVC
• XLPE
• HPTE
• Mass Impregnated Paper
• Mass Impregnated Polypropylene Laminate Paper

DC Electric Cable Market, By End User

• Utilities & Power Grids
• IT & Telecom
• Automotive & Transportation
• Electronics

DC Electric Cable Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global DC Electric Cable Market.

Available Customizations:

Global DC Electric Cable Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global DC Electric Cable Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Application (Battery, HVDC Transmission, Solar Panels, Electronic Devices)
  • 5.2.2. By Insulation Type (PVC, XLPE, HPTE, Mass Impregnated Paper, Mass Impregnated Polypropylene Laminate Paper)
  • 5.2.3. By End User (Utilities & Power Grids, IT & Telecom, Automotive & Transportation, Electronics)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America DC Electric Cable Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Application
  • 6.2.2. By Insulation Type
  • 6.2.3. By End User
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States DC Electric Cable Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Application
      • 6.3.1.2.2. By Insulation Type
      • 6.3.1.2.3. By End User
  • 6.3.2. Canada DC Electric Cable Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Application
      • 6.3.2.2.2. By Insulation Type
      • 6.3.2.2.3. By End User
  • 6.3.3. Mexico DC Electric Cable Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Application
      • 6.3.3.2.2. By Insulation Type
      • 6.3.3.2.3. By End User

7. Europe DC Electric Cable Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Application
  • 7.2.2. By Insulation Type
  • 7.2.3. By End User
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany DC Electric Cable Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Application
      • 7.3.1.2.2. By Insulation Type
      • 7.3.1.2.3. By End User
  • 7.3.2. France DC Electric Cable Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Application
      • 7.3.2.2.2. By Insulation Type
      • 7.3.2.2.3. By End User
  • 7.3.3. United Kingdom DC Electric Cable Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Application
      • 7.3.3.2.2. By Insulation Type
      • 7.3.3.2.3. By End User
  • 7.3.4. Italy DC Electric Cable Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Application
      • 7.3.4.2.2. By Insulation Type
      • 7.3.4.2.3. By End User
  • 7.3.5. Spain DC Electric Cable Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Application
      • 7.3.5.2.2. By Insulation Type
      • 7.3.5.2.3. By End User

8. Asia Pacific DC Electric Cable Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Application
  • 8.2.2. By Insulation Type
  • 8.2.3. By End User
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China DC Electric Cable Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Application
      • 8.3.1.2.2. By Insulation Type
      • 8.3.1.2.3. By End User
  • 8.3.2. India DC Electric Cable Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Application
      • 8.3.2.2.2. By Insulation Type
      • 8.3.2.2.3. By End User
  • 8.3.3. Japan DC Electric Cable Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Application
      • 8.3.3.2.2. By Insulation Type
      • 8.3.3.2.3. By End User
  • 8.3.4. South Korea DC Electric Cable Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Application
      • 8.3.4.2.2. By Insulation Type
      • 8.3.4.2.3. By End User
  • 8.3.5. Australia DC Electric Cable Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Application
      • 8.3.5.2.2. By Insulation Type
      • 8.3.5.2.3. By End User

9. Middle East & Africa DC Electric Cable Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Application
  • 9.2.2. By Insulation Type
  • 9.2.3. By End User
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia DC Electric Cable Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Application
      • 9.3.1.2.2. By Insulation Type
      • 9.3.1.2.3. By End User
  • 9.3.2. UAE DC Electric Cable Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Application
      • 9.3.2.2.2. By Insulation Type
      • 9.3.2.2.3. By End User
  • 9.3.3. South Africa DC Electric Cable Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Application
      • 9.3.3.2.2. By Insulation Type
      • 9.3.3.2.3. By End User

10. South America DC Electric Cable Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Application
  • 10.2.2. By Insulation Type
  • 10.2.3. By End User
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil DC Electric Cable Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Application
      • 10.3.1.2.2. By Insulation Type
      • 10.3.1.2.3. By End User
  • 10.3.2. Colombia DC Electric Cable Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Application
      • 10.3.2.2.2. By Insulation Type
      • 10.3.2.2.3. By End User
  • 10.3.3. Argentina DC Electric Cable Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Application
      • 10.3.3.2.2. By Insulation Type
      • 10.3.3.2.3. By End User

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global DC Electric Cable Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Prysmian Group
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Nexans
• 15.3. ABB Ltd
• 15.4. NKT A/S
• 15.5. LS Cable & System Ltd
• 15.6. Sumitomo Electric Industries, Ltd
• 15.7. Hitachi Ltd
• 15.8. Furukawa Electric Co., Ltd
• 15.9. Mitsubishi Electric Corporation
• 15.10. KEI Industries Limited

16. Strategic Recommendations

17. About Us & Disclaimer