The Global High Voltage Alternative Current (HVAC) Cable Market was valued at USD 35.2 Billion in 2024 and is projected to reach USD 51.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period (2024–2030). This robust growth is fueled by the global push for grid modernization, the exponential rise in renewable energy integration, and substantial investments in inter-country and subsea power transmission infrastructure.

As nations worldwide transition to cleaner energy and seek to enhance grid resilience and efficiency, the demand for reliable, high-capacity HVAC cable systems is surging. In this blog, we profile the Top 10 Companies in the High Voltage Alternative Current (HVAC) Cable Industry—leaders in innovation, manufacturing, and installation that are building the backbone of the future’s power grid.

---

🔟 1. Prysmian Group

Headquarters: Milan, Italy
Key Offering: HVAC Cables up to 500 kV, Submarine & Underground Systems, Grid Solutions

Prysmian Group is the undisputed global leader in the energy and telecom cable systems industry. It boasts an extensive portfolio of HVAC cables designed for the most demanding applications, including long-distance subsea interconnectors and dense urban underground networks. The company’s technological expertise is often showcased in flagship projects that set new benchmarks for capacity and reliability.

Innovation & Sustainability Initiatives:

• Pioneering extra-high voltage (EHV) and high-temperature superconductor (HTS) cable technologies

• Major supplier for landmark projects like the Viking Link (UK-Denmark) and Crete-Attica (Greece) interconnectors

• Commitment to carbon-neutral operations and circular economy principles in manufacturing

Download FREE Sample Report:
High Voltage Alternative Current (HVAC) Cable Market – View in Detailed Research Report

---

9️⃣ 2. Nexans S.A.

Headquarters: Paris, France
Key Offering: HVAC Land and Submarine Cables, Grid Integration Services, Electrification Solutions

Nexans is a global player with a strong focus on shaping the future of energy through advanced cabling solutions. The company is heavily involved in the entire value chain, from cable design and manufacturing to installation and commissioning, particularly for offshore wind farms and subsea interconnectors.

Innovation & Sustainability Initiatives:

• Development of “Penglai” and “Skagerrak” submarine cable systems for enhanced transmission capacity

• Leader in eco-design, using sustainable materials and reducing the carbon footprint of its products

---

8️⃣ 3. NKT A/S

Headquarters: Copenhagen, Denmark
Key Offering: High-Voltage Power Cables, Accessories, and Turnkey Solutions

NKT specializes in high-voltage power cables and is a key technology partner for utility companies and infrastructure developers. The company is renowned for its high-quality XLPE insulated cables and its ability to execute complex, integrated projects, especially in the challenging offshore environment.

Innovation & Sustainability Initiatives:

• Core competency in 400 kV and above HVAC XLPE cable systems for both AC and DC applications

• Securing contracts for major offshore wind grid connections, such as the German offshore wind cluster projects

---

7️⃣ 4. LS Cable & System

Headquarters: Anyang, South Korea
Key Offering: Extra High Voltage (EHV) Cables, Submarine Cables, Superconducting Cables

LS Cable & System is a major force in the Asian market and a growing global competitor. The company has made significant investments in expanding its submarine cable production capacity to capitalize on the booming offshore wind and interconnector markets in the Asia-Pacific region and beyond.

Innovation & Sustainability Initiatives:

• Aggressive expansion of submarine cable manufacturing facilities to meet surging demand

• Continuous R&D in advanced materials to increase transmission efficiency and reduce losses

---

6️⃣ 5. Sumitomo Electric Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: HV/EHV Cables, High-Temperature Superconducting (HTS) Cables, Accessories

Sumitomo Electric is a technology leader with a long history of innovation in the wire and cable industry. The company is at the forefront of developing next-generation superconducting cables that promise to revolutionize urban power transmission by carrying massive amounts of electricity with minimal losses in a compact footprint.

Innovation & Sustainability Initiatives:

• World-leading developments in HTS cable technology for dense urban power grids

• Focus on creating compact, high-efficiency cable systems to support sustainable urban development

Download FREE Sample Report:
High Voltage Alternative Current (HVAC) Cable Market – View in Detailed Research Report

---

5️⃣ 6. ABB Ltd. (Hitachi Energy)

Headquarters: Zurich, Switzerland (Now operates as Hitachi Energy)
Key Offering: HV Cable Systems, GIS Substations, Grid Automation, and Integration Solutions

While known for its power grids business (now Hitachi Energy), ABB has been a significant systems provider for high-voltage infrastructure. The company excels in providing integrated solutions that combine cables with switchgear and control systems, offering utilities a single point of responsibility for complex transmission projects.

Innovation & Sustainability Initiatives:

• Expertise in gas-insulated lines (GIL) for ultra-high capacity transmission in constrained spaces

• Driving the digitalization of grids with smart cable monitoring and diagnostics systems

---

4️⃣ 7. TBEA Co., Ltd.

Headquarters: Changji, China
Key Offering: Transformers, HV/EHV Cables, Complete Power Transmission & Distribution Systems

TBEA is a Chinese powerhouse in the power equipment sector. It has a vertically integrated business model, manufacturing everything from transformers to high-voltage cables, which gives it a competitive edge in large-scale domestic infrastructure projects and growing international markets.

Innovation & Sustainability Initiatives:

• Key supplier for China’s massive UHV (Ultra-High Voltage) power grid expansion

• Investing in R&D to improve the performance and environmental footprint of its cable products

---

3️⃣ 8. Southwire Company, LLC

Headquarters: Carrollton, Georgia, USA
Key Offering: Utility Distribution Cables, HV Overhead Conductors, Industrial Cables

Southwire is one of North America’s leading wire and cable manufacturers. While it has a strong focus on the medium-voltage and distribution markets, it is a significant player in high-voltage overhead conductors and is expanding its capabilities in underground transmission cables to support grid modernization efforts across the continent.

Innovation & Sustainability Initiatives:

• Leadership in developing high-performance, high-temperature low-sag (HTLS) overhead conductors

• Strong commitment to sustainable manufacturing and responsible copper sourcing

---

2️⃣ 9. Furukawa Electric Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: HV Power Cables, Optical Fiber Cables, Superconducting Wires

Furukawa Electric is a diversified Japanese company with a strong technological base in power cabling. It is actively involved in projects requiring advanced cable solutions, including those for renewable energy integration and enhancing the resilience of urban power networks against natural disasters.

Innovation & Sustainability Initiatives:

• Development of fault-current limiting superconducting cables for grid stabilization

• Focus on creating robust cable systems for seismic-prone regions

---

1️⃣ 10. KEI Industries Limited

Headquarters: New Delhi, India
Key Offering: HV & EHV Cables, Railways Cables, Industrial Wires

KEI Industries is a leading Indian cable manufacturer with a growing presence in the high-voltage segment. The company is benefiting from India’s ambitious infrastructure and renewable energy goals, supplying cables for power transmission projects, solar parks, and industrial expansion.

Innovation & Sustainability Initiatives:

• Expanding manufacturing capacity for HV and EHV cables to cater to domestic and export markets

• Focus on producing energy-efficient cables that minimize transmission losses

---

🌍 Outlook: The Future of HVAC Cables Is Smarter and More Connected

The HVAC cable market is undergoing a significant transformation. While traditional cable designs continue to serve foundational needs, the industry is rapidly advancing toward intelligent, high-capacity, and environmentally resilient solutions.

📈 Key Trends Shaping the Market:

• Renewable Energy Integration: Massive investments in offshore wind and large-scale solar farms are driving demand for high-capacity subsea and land cables to connect remote generation sites to population centers.

• Grid Interconnections: Cross-border electricity trading is increasing, necessitating long-distance subsea and underground HVAC interconnectors to enhance energy security and stability.

• Urbanization & Grid Modernization: The need to replace aging infrastructure and supply power to growing megacities is fueling demand for compact, high-efficiency underground cable systems.

• Technology Advancements: Development of superconducting cables, dynamic cable rating systems, and integrated fiber optics for real-time monitoring are making grids smarter and more efficient.

Get Full Report Here:
High Voltage Alternative Current (HVAC) Cable Market – View in Detailed Research Report

The companies listed above are not just manufacturing cables; they are enabling the global energy transition by building the critical infrastructure that will power a sustainable future.