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China Medium Voltage Cables Market

ID: MRFR/EnP/53668-HCR
200 Pages
Chitranshi Jaiswal
February 2026

China Medium Voltage Cables Market Research Report By Installation (Underground, Submarine, Overhead), By Voltage (Up to 25Kv, 26kV-50kV, 51kV-75kV, 76Kv-100kV), By Product (Termination Cables, Joints, XLPE Cables, Others) and By End-User (Industrial, Commercial, Utility)- Forecast to 2035

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China Medium Voltage Cables Market Infographic
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China Medium Voltage Cables Market Summary

As per Market Research Future analysis, the China Medium Voltage Cables Market size was estimated at 4011.21 USD Million in 2024. The Medium Voltage-cables market is projected to grow from 4353.77 USD Million in 2025 to 9876.35 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 8.5% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The China medium voltage-cables market is poised for growth driven by sustainability and technological advancements.

  • Sustainable manufacturing practices are increasingly adopted across the medium voltage-cables sector.
  • Technological advancements are enhancing the efficiency and performance of medium voltage-cables.
  • Infrastructure development initiatives are driving demand, particularly in urban areas.
  • Rising demand for renewable energy and urbanization are key market drivers influencing growth.

Market Size & Forecast

2024 Market Size 4011.21 (USD Million)
2035 Market Size 9876.35 (USD Million)
CAGR (2025 - 2035) 8.54%

Major Players

Nexans (FR), Prysmian Group (IT), General Cable (US), Southwire Company (US), Sumitomo Electric Industries (JP), LS Cable & System (KR), AFL (US), Riyadh Cables Group Company (SA)

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China Medium Voltage Cables Market Trends

The China Medium Voltage Cables Market is currently experiencing notable growth, driven by increasing demand for reliable power distribution systems. This demand is largely attributed to the rapid urbanization and industrialization occurring in various regions. As cities expand and industries evolve, the need for efficient energy transmission becomes paramount. Furthermore, the government's focus on enhancing infrastructure and promoting renewable energy sources contributes to the market's expansion. The integration of advanced technologies in cable manufacturing is also enhancing performance and reliability, which is crucial for meeting the evolving energy needs. In addition, the medium voltage-cables market is witnessing a shift towards environmentally friendly materials and practices. Manufacturers are increasingly adopting sustainable production methods to align with global environmental standards. This trend not only addresses regulatory requirements but also appeals to environmentally conscious consumers. As the market continues to evolve, it appears poised for further advancements, particularly in smart grid technologies and energy-efficient solutions. The interplay of these factors suggests a dynamic landscape for the medium voltage-cables market in the near future.

Sustainable Manufacturing Practices

There is a growing emphasis on sustainable manufacturing within the medium voltage-cables market. Companies are increasingly adopting eco-friendly materials and processes to reduce environmental impact. This trend aligns with regulatory pressures and consumer preferences for greener products.

Technological Advancements

The integration of advanced technologies in cable production is transforming the medium voltage-cables market. Innovations such as smart grid solutions and enhanced insulation materials are improving efficiency and reliability, catering to the evolving energy demands.

Infrastructure Development Initiatives

Government initiatives aimed at infrastructure development are significantly influencing the medium voltage-cables market. Investments in energy distribution networks and urban infrastructure are driving demand for high-quality cables, ensuring reliable power supply.

China Medium Voltage Cables Market Drivers

Rising Demand for Renewable Energy

The increasing focus on renewable energy sources in China is driving the medium voltage-cables market. As the country aims to achieve its carbon neutrality goals by 2060, investments in solar and wind energy projects are surging. This shift necessitates the deployment of medium voltage cables to connect renewable energy sources to the grid. In 2025, the renewable energy sector is projected to account for approximately 30% of China's total energy consumption, further amplifying the demand for medium voltage cables. The medium voltage-cables market is thus positioned to benefit from this transition, as utilities and energy companies seek reliable and efficient cable solutions to support their infrastructure needs.

Increased Investment in Smart Grids

The transition towards smart grid technology in China is a pivotal driver for the medium voltage-cables market. As the country modernizes its electrical grid, there is a heightened need for advanced cable solutions that can support smart grid functionalities. Investments in smart grid infrastructure are projected to reach $200 billion by 2025, creating a robust demand for medium voltage cables. These cables are essential for integrating renewable energy sources, enhancing grid reliability, and improving energy management. The medium voltage-cables market is likely to experience substantial growth as utilities and energy providers invest in modernizing their infrastructure to accommodate these advancements.

Government Regulations and Standards

The Chinese government has implemented stringent regulations and standards aimed at enhancing electrical safety and efficiency. These regulations are particularly relevant to the medium voltage-cables market, as they mandate the use of high-quality materials and technologies in cable manufacturing. Compliance with these standards is essential for manufacturers to remain competitive. In 2025, it is anticipated that the enforcement of these regulations will lead to a 15% increase in demand for certified medium voltage cables. The medium voltage-cables market must adapt to these evolving standards to ensure product reliability and safety, thereby fostering consumer trust and market growth.

Urbanization and Infrastructure Expansion

China's rapid urbanization is a significant driver for the medium voltage-cables market. With over 60% of the population now residing in urban areas, the demand for robust electrical infrastructure is paramount. The government has initiated numerous infrastructure projects, including smart city developments and transportation networks, which require extensive electrical installations. By 2025, urban infrastructure investments are expected to exceed $1 trillion, creating a substantial market for medium voltage cables. The medium voltage-cables market is likely to see increased orders from construction firms and utility providers as they strive to meet the growing energy demands of urban populations.

Technological Innovations in Cable Manufacturing

Technological advancements in cable manufacturing are reshaping the medium voltage-cables market. Innovations such as improved insulation materials and enhanced production techniques are enabling manufacturers to produce cables that are more durable and efficient. In 2025, it is expected that the adoption of smart cable technologies will increase, allowing for better monitoring and management of electrical systems. This trend could lead to a 20% reduction in energy losses associated with medium voltage cables. The medium voltage-cables market stands to gain from these innovations, as they not only improve product performance but also align with the growing demand for energy-efficient solutions.

Market Segment Insights

By Installation: Underground (Largest) vs. Submarine (Fastest-Growing)

In the China medium voltage-cables market, the underground segment holds the largest market share, driven by the increasing demand for infrastructure development and urbanization. Underground cables provide a reliable solution for power distribution, ensuring minimal disruption to the environment and urban landscapes, which further enhances their market presence. Conversely, the submarine segment has emerged as the fastest-growing due to the expansion of offshore wind farms and renewable energy projects, which necessitate robust submarine cable systems to connect to the grid. Growth trends in the installation segment are primarily influenced by government initiatives focused on renewable energy and smart grid technologies. The push towards sustainable energy sources is propelling investments in both underground and submarine installations. As the demand for reliable and uninterrupted power supply increases, the preference for underground cables continues to rise, while advancements in submarine cable technology make it an alluring choice for emerging projects, positioning this segment for significant growth in the coming years.

Underground (Dominant) vs. Submarine (Emerging)

The underground segment demonstrates dominance in the China medium voltage-cables market, primarily due to its capacity for extensive deployment in urban areas. Its ability to effectively minimize visual impact while ensuring safety and reliability makes it the preferred choice for many large-scale infrastructure projects. On the other hand, the submarine segment is considered an emerging player, rapidly gaining traction thanks to the growing investment in offshore renewable energy sources. Submarine cables facilitate the connection of these energy projects to the mainland, presenting a unique opportunity for market growth. Both segments are critical to modern power distribution, but their approaches and applications differ significantly, highlighting a diverse landscape in the medium voltage-cables market.

By Voltage: Up to 25kV (Largest) vs. 26kV-50kV (Fastest-Growing)

In the segment of voltage cables, 'Up to 25kV' currently holds the largest market share due to its widespread application across various industries, including utilities and construction. This segment is favored for its cost-effectiveness and adaptability to different types of installations, making it a preferred choice for many cable users. In comparison, the '26kV-50kV' range is witnessing rapid growth driven by increased investments in infrastructure and renewable energy projects, which require higher capacity solutions. The growth trends in the medium voltage cables segment indicate a shift toward higher voltage capacities, particularly in the '26kV-50kV' range, as industries move toward automation and smart grid technologies. Additionally, government initiatives promoting green energy are further propelling the demand for medium voltage cables capable of accommodating rising energy loads and improving efficiency in power distribution. This shift is expected to continue, reinforcing the importance of this segment in the overall landscape.

Up to 25kV (Dominant) vs. 51kV-75kV (Emerging)

The 'Up to 25kV' segment remains dominant in the medium voltage cables market, primarily because of its versatility and broad applicability across various sectors such as electric power generation and distribution. Its compatibility with existing infrastructures and lower installation costs make it attractive for both municipal and commercial projects. Conversely, the '51kV-75kV' segment is emerging due to the growing demand for improved transmission capacity and efficiency. This segment is gaining traction as industries recognize the need for higher voltage cables to manage increasing power loads, especially with the rise of industrial automation and energy-intensive technologies. As more investments are directed towards upgrading existing infrastructure and enhancing energy transmission capabilities, this segment is poised for substantial growth.

By Product: Termination Cables (Largest) vs. Joints (Fastest-Growing)

The market share distribution in the China medium voltage-cables market indicates that termination cables maintain a dominant position, securing the largest share among the various product segments. Joints are emerging as a key driver of growth, with increasing demand due to advancements in cable technologies and installation solutions. As a result, both segment values play a vital role in shaping the overall market dynamics, reflecting the diverse requirements of the electrical infrastructure sector. Growth trends in the product segment are primarily driven by the modernization of electricity grids and the growing investments in renewable energy projects. The demand for termination cables continues to rise as industries focus on enhancing connectivity and reliability. Meanwhile, joints are experiencing accelerated growth, fueled by innovations that improve installation efficiency and connectivity, making them essential in meeting the needs of future power distribution networks.

Termination Cables (Dominant) vs. Joints (Emerging)

Termination cables are crucial for ensuring the proper connectivity and termination of medium voltage cables, thus playing an essential role in the stability and efficiency of power distribution systems. Their dominant market position is attributed to their widespread application in various industrial sectors, including manufacturing, energy, and construction. On the other hand, joints represent an emerging segment characterized by their innovative design and technological advancements that enhance performance and reliability. As demand grows for seamless and efficient power distribution solutions, joints are increasingly recognized for their adaptability and cost-effectiveness, positioning them to capture a larger share of the market in the upcoming years.

By End Users: Industrial (Largest) vs. Commercial (Fastest-Growing)

In the China medium voltage-cables market, the end user segment is characterized by Industrial, Commercial, and Utility users. The Industrial segment holds the largest share, due to the high demand from manufacturing and infrastructure projects. Commercial users follow, utilizing medium voltage cables for a wide range of applications, including office buildings and retail spaces. Utility end users also contribute to the market, especially for power distribution projects, but with a comparatively smaller share. Growth trends within the end user segments are largely driven by increasing industrialization and urbanization in China. The Industrial segment continues to expand as infrastructure development accelerates, while the Commercial segment is witnessing the fastest growth, driven by rising investments in commercial real estate and modernized electrical systems. The Utility segment, while steady, is benefiting from governmental initiatives aimed at enhancing energy efficiency and grid reliability.

Industrial (Dominant) vs. Commercial (Emerging)

The Industrial segment of the China medium voltage-cables market is characterized by significant utilization in sectors such as manufacturing, mining, and construction. This segment benefits from robust government infrastructure initiatives and continuous investment in industrial facilities. Meanwhile, the Commercial segment is emerging rapidly, fueled by the growing demand for energy-efficient solutions and smart building technologies. Commercial users often require versatile, reliable cables for diverse applications, which makes this segment responsive to market trends such as sustainability. Both segments are crucial to the market, with Industrial set as the dominant force while Commercial is quickly establishing its importance in new developments and urban settings.

Get more detailed insights about China Medium Voltage Cables Market

Key Players and Competitive Insights

The medium voltage-cables market in China is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as Nexans (FR), Prysmian Group (IT), and Sumitomo Electric Industries (JP) are actively pursuing strategies that emphasize technological advancement and regional expansion. These companies are not only focusing on enhancing their product offerings but are also investing in digital transformation initiatives to improve operational efficiency and customer engagement. The collective efforts of these firms contribute to a dynamic environment where competition is not solely based on pricing but also on the ability to deliver innovative solutions that meet the evolving demands of the energy sector.
In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains, which appears to be a critical factor in maintaining competitiveness. The market structure is moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. This competitive structure allows for a diverse range of products and services, catering to various customer needs while fostering an environment ripe for innovation and collaboration.
In October 2025, Prysmian Group (IT) announced the opening of a new manufacturing facility in Jiangsu province, aimed at increasing its production capacity for medium voltage cables. This strategic move is likely to enhance the company's ability to meet local demand and strengthen its market position in China. By investing in local production, Prysmian Group not only reduces transportation costs but also aligns itself with the Chinese government's push for domestic manufacturing, potentially leading to increased market share.
In September 2025, Nexans (FR) launched a new range of eco-friendly medium voltage cables designed to reduce environmental impact. This initiative reflects a growing trend towards sustainability within the industry, as companies seek to align their products with global environmental standards. The introduction of these cables may position Nexans as a leader in sustainable solutions, appealing to environmentally conscious consumers and businesses alike.
In August 2025, Sumitomo Electric Industries (JP) entered into a strategic partnership with a local Chinese firm to enhance its distribution network for medium voltage cables. This collaboration is expected to improve market penetration and customer service, allowing Sumitomo to leverage local expertise while expanding its reach. Such partnerships are indicative of a broader trend where foreign companies seek to establish stronger ties within the Chinese market, facilitating smoother operations and better alignment with local regulations.
As of November 2025, the competitive trends in the medium voltage-cables market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are becoming more prevalent, enabling companies to pool resources and expertise to drive innovation. The shift from price-based competition to a focus on technological differentiation and supply chain reliability is evident, suggesting that future competitive advantages will hinge on the ability to innovate and adapt to changing market conditions.

Key Companies in the China Medium Voltage Cables Market include

Industry Developments

The China Medium Voltage Cables Market has experienced significant developments recently, particularly driven by increased investments in infrastructure and renewable energy sectors. The growth of electric vehicle charging stations has also intensified the demand for medium voltage cables. In terms of mergers and acquisitions, Zhejiang Wanma Co secured a partnership with Jiangsu Zhongtian Technology in October 2023 to combine research efforts for innovative cable solutions. 

Meanwhile, Hengtong Group has announced its acquisition of a local cable manufacturer to enhance its product offerings in the medium voltage segment, with this acquisition taking place in July 2023. Additionally, companies like Prysmian Group and Nexans are actively expanding their operations within China, focusing on enhancing their product portfolios amid rising market demands. 

Over the past two to three years, the Chinese government has been encouraging investments in the grid modernization, leading to an expanded market valuation for major companies like Jiangxi Copper Corporation and LS Cable and System. This strategic emphasis is anticipated to further accelerate growth opportunities within the China Medium Voltage Cables Market amid the ongoing energy transition.

Future Outlook

China Medium Voltage Cables Market Future Outlook

The Medium Voltage Cables Market in China is projected to grow at 8.54% CAGR from 2025 to 2035, driven by urbanization, renewable energy investments, and infrastructure development.

New opportunities lie in:

  • Expansion of smart grid technologies for enhanced efficiency.
  • Development of eco-friendly cable materials to meet regulatory demands.
  • Investment in automated manufacturing processes to reduce costs.

By 2035, the medium voltage-cables market is expected to achieve substantial growth and innovation.

Market Segmentation

China Medium Voltage Cables Market Product Outlook

  • Termination Cables
  • Joints
  • XLPE Cables
  • Others

China Medium Voltage Cables Market Voltage Outlook

  • Up to 25Kv
  • 26kV-50kV
  • 51kV-75kV
  • 76Kv-100kV

China Medium Voltage Cables Market End Users Outlook

  • Industrial
  • Commercial
  • Utility

China Medium Voltage Cables Market Installation Outlook

  • Underground
  • Submarine
  • Overhead

Report Scope

MARKET SIZE 2024 4011.21(USD Million)
MARKET SIZE 2025 4353.77(USD Million)
MARKET SIZE 2035 9876.35(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 8.54% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Nexans (FR), Prysmian Group (IT), General Cable (US), Southwire Company (US), Sumitomo Electric Industries (JP), LS Cable & System (KR), AFL (US), Riyadh Cables Group Company (SA)
Segments Covered Installation, Voltage, Product, End Users
Key Market Opportunities Growing demand for renewable energy integration drives innovation in the medium voltage-cables market.
Key Market Dynamics Rising demand for renewable energy drives innovation and competition in the medium voltage-cables market.
Countries Covered China
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FAQs

What is the expected market size of the China Medium Voltage Cables Market in 2024?

The China Medium Voltage Cables Market is expected to reach a value of 4.0 billion USD in 2024.

How much is the China Medium Voltage Cables Market projected to grow by 2035?

By 2035, the market is projected to grow to a value of 8.0 billion USD.

What is the expected compound annual growth rate (CAGR) for the China Medium Voltage Cables Market from 2025 to 2035?

The expected CAGR for the China Medium Voltage Cables Market from 2025 to 2035 is 6.504%.

Which segment of installation is expected to dominate the market in 2024?

The Underground installation segment is expected to dominate the market with a value of 1.6 billion USD in 2024.

What is the projected market value for Underground installations in 2035?

The market value for Underground installations is projected to reach 3.2 billion USD by 2035.

Who are the key players in the China Medium Voltage Cables Market?

Key players in the market include Zhejiang Wanma Co, Jiangsu Zhongtian Technology, and Furukawa Electric.

What will be the market value for Submarine installations in 2024 and 2035?

The market value for Submarine installations is set at 1.0 billion USD in 2024 and 2.0 billion USD by 2035.

What challenges does the China Medium Voltage Cables Market face for growth?

The market faces challenges such as high competition and fluctuating raw material prices.

How is the Overhead installation segment expected to perform by 2035?

The Overhead installation segment is expected to reach a value of 2.8 billion USD by 2035.

What is the significance of the China Medium Voltage Cables Market in the regional context?

The China Medium Voltage Cables Market is significant due to its rapid urbanization and growing energy needs in the region.

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