The Global Multi-Core Wire and Cable Market was valued at USD 53.15 Billion in 2025 and is projected to reach USD 83.35 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period (2024–2034). This growth is primarily fueled by massive global investments in power infrastructure modernization, the rapid expansion of renewable energy projects, and sustained urban construction and industrial automation activities.

As the world accelerates its transition towards electrification and digitalization, the demand for reliable and efficient electrical transmission systems has never been higher. Multi-core wires and cables, with their superior space utilization and protective qualities, are at the heart of this transformation. In this blog, we profile the Top 10 Companies in the Multi-Core Wire and Cable Industry—a group of global giants and specialized innovators who are powering the future of connectivity and energy distribution.

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🔟 1. Prysmian Group

Headquarters: Milan, Italy
Key Offering: Power Cables, Telecom Cables, Industrial Cables, Subsea Cables

Prysmian Group stands as the undisputed global leader in the energy and telecom cable systems industry. With a vast portfolio covering nearly every application, from high-voltage subsea interconnectors to advanced fiber optics, Prysmian’s multi-core cables are integral to power grids, data centers, and infrastructure projects worldwide. Their continuous innovation focuses on increasing transmission capacity and developing sustainable, fire-resistant cable solutions.

Innovation and Sustainability Initiatives:

• Pioneering extra-high-voltage (EHV) DC cable technology for long-distance power transmission

• Extensive investment in low-smoke zero-halogen (LSZH) and other eco-efficient cable designs

• Committed to carbon neutrality across operations by 2035

Download FREE Sample Report: Multi-Core Wire and Cable Market – View in Detailed Research Report

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9️⃣ 2. Nexans S.A.

Headquarters: Paris, France
Key Offering: Building Cables, Power Cables, Telecom Cables, Submarine Cables

Nexans is a global player with a strong focus on electrification, providing advanced cable solutions for utilities, industries, and buildings. The company is a key supplier for major offshore wind farm projects, requiring robust multi-core power cables. Nexans emphasizes digitalization and sustainability, aiming to shape a safer, more sustainable, and connected world through its products.

Innovation and Sustainability Initiatives:

• Leader in submarine high-voltage cables for offshore renewable energy

• Develops “Pulse” cables with integrated fiber optics for real-time grid monitoring

• Targets 100% carbon neutrality for its operations by 2030

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8️⃣ 3. LS Cable & System

Headquarters: Anyang, South Korea
Key Offering: Power Cables, Telecom Cables, Industrial Cables, Automotive Cables

LS Cable & System is a major force in the Asian market and a significant global exporter. The company is renowned for its technological prowess, particularly in ultra-high-voltage cables and advanced materials. Serving the burgeoning demands of Asia’s infrastructure boom, LS Cable & System is expanding its global footprint with a focus on high-value projects in power transmission and telecommunications.

Innovation and Sustainability Initiatives:

• Development of superconducting cables for ultra-efficient power transmission

• Strategic expansion into North American and European markets

• Focus on eco-friendly products compliant with international RoHS and REACH standards

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7️⃣ 4. Sumitomo Electric Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Power Cables, Optical Fiber Cables, Automotive Wires, Magnet Wires

Sumitomo Electric is a diversified technology leader with a formidable presence in the wire and cable sector. The company excels in high-precision manufacturing, producing multi-core cables for demanding applications in automotive, energy, and data communications. Their expertise in fiber optics and high-temperature superconductors places them at the forefront of cable technology innovation.

Innovation and Sustainability Initiatives:

• World-leading producer of optical fiber and compound semiconductor materials

• Pioneering work in yttrium-based high-temperature superconducting cables

• Corporate vision focused on achieving a sustainable society through technological innovation

Download FREE Sample Report: Multi-Core Wire and Cable Market – View in Detailed Research Report

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6️⃣ 5. Furukawa Electric Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Power Cables, Telecommunication Cables, Automotive Components, Metals

Furukawa Electric boasts a rich history and a comprehensive product line that spans energy, communications, and electronics. The company is a key supplier of multi-core power cables for Japan’s advanced infrastructure and a major player in the global optical fiber market. Their R&D efforts are heavily geared towards enhancing cable performance for next-generation networks.

Innovation and Sustainability Initiatives:

• Strong R&D focus on cables for 5G infrastructure and data centers

• Development of lightweight and durable cables for the automotive industry

• Commitment to reducing environmental impact through energy-efficient manufacturing

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5️⃣ 6. NKT A/S

Headquarters: Copenhagen, Denmark
Key Offering: High-Voltage Power Cables, Accessory Solutions, Service

NKT specializes in high-voltage power cable solutions, making it a critical partner for the energy transition in Europe. The company is a leading supplier of AC and DC cable systems that connect offshore wind farms to the mainland and enable cross-border power interconnections. NKT’s expertise lies in engineering reliable, high-capacity multi-core cables for the most challenging environments.

Innovation and Sustainability Initiatives:

• Leading integrator of high-voltage DC extruded cable technology

• All products are designed for recyclability and low environmental impact

• Ambitious sustainability targets, including 100% carbon-neutral operations

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4️⃣ 7. KEI Industries Limited

Headquarters: New Delhi, India
Key Offering: Power Cables, House Wires, Control Cables, Instrumentation Cables

KEI Industries is one of India’s largest cable manufacturers, serving a wide spectrum of sectors from utilities and infrastructure to industries and renewables. The company has a dominant position in the price-sensitive but rapidly growing South Asian market, supplying robust multi-core cables for national grid upgrades, metro rail projects, and industrial complexes.

Innovation and Sustainability Initiatives:

• Extensive portfolio of fire survival and specialty cables for critical infrastructure

• Significant exporter to over 65 countries across the Middle East, Africa, and Asia

• Focus on expanding manufacturing capacity to meet domestic and international demand

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3️⃣ 8. Hengtong Group

Headquarters: Suzhou, China
Key Offering: Optical Fiber Cables, Power Transmission Cables, Marine Cables

Hengtong Group is a Chinese powerhouse and a global leader in optical fiber and power cable production. Leveraging China’s massive domestic market and manufacturing scale, Hengtong supplies a significant portion of the world’s fiber optic cables. The company is also a major player in high-voltage land and subsea power cables, supporting global energy interconnection projects.

Innovation and Sustainability Initiatives:

• Massive production capacity for optical fiber, a key component in multi-core data cables

• Active participation in international submarine cable consortiums

• Investment in smart manufacturing and green factory initiatives

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2️⃣ 9. Fujikura Ltd.

Headquarters: Tokyo, Japan
Key Offering: Optical Fiber Cables, Electronic Wires, Automotive Parts, Energy Systems

Fujikura is a technology-driven company renowned for its optical fiber cable technology and precision electronic wires. The company’s multi-core fiber optic cables are essential for high-speed data centers and telecommunications networks worldwide. Fujikura also produces sophisticated multi-core wiring harnesses for the automotive industry, particularly for electric and hybrid vehicles.

Innovation and Sustainability Initiatives:

• Pioneer in fiber optic fusion splicers and cable assembly technology

• Developing next-generation, high-density interconnect solutions for data centers

• Commitment to developing environmentally conscious products and processes

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1️⃣ 10. TPC Wire & Cable Corp. (A subsidiary of NSI Industries)

Headquarters: Macedonia, Ohio, USA
Key Offering: CordSets, Custom Cable Assemblies, Industrial Cable, Portable Cord

TPC Wire & Cable is a leading North American manufacturer and distributor specializing in high-performance cable products for industrial, commercial, and entertainment markets. The company excels in producing custom-engineered multi-core cable assemblies and cord sets that meet specific customer requirements for durability, flexibility, and safety in demanding environments.

Innovation and Sustainability Initiatives:

• Expertise in producing flexible, oil-resistant cables for industrial machinery and robotics

• Strong distribution network and custom solution capabilities across North America

• Focus on cables compliant with UL, CSA, and other stringent North American safety standards

Get Full Report Here: Multi-Core Wire and Cable Market – View in Detailed Research Report

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🌍 Outlook: The Future of Multi-Core Wire and Cable Is Smarter and More Connected

The multi-core wire and cable market is undergoing a significant evolution. While traditional power and control cables continue to dominate volume, the industry is rapidly innovating to support the global energy transition and the rise of intelligent infrastructure. Billions are being invested in high-voltage transmission projects, smarter cable materials, and integrated solutions for data and power.

📈 Key Trends Shaping the Market:

• Accelerated deployment of offshore wind farms requiring specialized subsea multi-core power cables

• Integration of fiber optics within power cables for real-time grid monitoring and control (Smart Grids)

• Growing regulatory emphasis on fire safety, driving demand for Low-Smoke Zero-Halogen (LSZH) cables

• Rising complexity of industrial automation and robotics, fueling need for high-flexibility, multi-core control cables

Get Full Report Here: Multi-Core Wire and Cable Market – View in Detailed Research Report

The companies listed above are not just manufacturing cables—they are building the nervous system for a more electrified, automated, and interconnected world.

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