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Japan Medium Voltage Cables Market

ID: MRFR/EnP/53663-HCR
200 Pages
Chitranshi Jaiswal
October 2025

Japan 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) - Growth & Industry Forecast to 2035

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Japan Medium Voltage Cables Market Summary

As per Market Research Future analysis, the Japan Medium Voltage Cables Market size was estimated at 2005.6 USD Million in 2024. The Medium Voltage-cables market is projected to grow from 2126.54 USD Million in 2025 to 3820.12 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.0% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The Japan medium voltage-cables market is poised for growth driven by infrastructure development and technological advancements.

  • Infrastructure development initiatives are driving the demand for medium voltage cables in Japan.
  • Technological advancements in cable manufacturing are enhancing the performance and efficiency of medium voltage cables.
  • Sustainability and eco-friendly materials are becoming increasingly important in the medium voltage cables market.
  • Rising demand for renewable energy and urbanization are key drivers propelling market growth in Japan.

Market Size & Forecast

2024 Market Size 2005.6 (USD Million)
2035 Market Size 3820.12 (USD Million)
CAGR (2025 - 2035) 6.03%

Major Players

Nexans (FR), Prysmian Group (IT), General Cable (US), Southwire Company (US), Sumitomo Electric Industries (JP), LS Cable & System (KR), Apar Industries (IN), Furukawa Electric (JP), Kabelwerk Eupen AG (BE)

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Japan Medium Voltage Cables Market Trends

The Japan Medium Voltage Cables Market in Japan is currently experiencing a notable transformation, driven by the increasing demand for reliable and efficient power distribution systems. This shift is largely influenced by the country's commitment to enhancing its energy infrastructure, particularly in urban areas where the need for robust electrical networks is paramount. The government has initiated various projects aimed at modernizing the electrical grid, which in turn propels the demand for medium voltage cables. Furthermore, the growing emphasis on renewable energy sources is likely to contribute to the expansion of this market, as medium voltage cables play a crucial role in connecting renewable energy facilities to the grid. In addition to infrastructure developments, technological advancements are reshaping the medium voltage-cables market. Innovations in materials and manufacturing processes are enhancing the performance and durability of cables, making them more suitable for diverse applications. The increasing focus on sustainability is also prompting manufacturers to explore eco-friendly materials, which may lead to a shift in consumer preferences. As the medium voltage-cables market evolves, it appears that the interplay between regulatory frameworks, technological progress, and market demand will significantly influence its trajectory in the coming years.

Infrastructure Development Initiatives

Japan's ongoing infrastructure development initiatives are significantly impacting the medium voltage-cables market. The government is investing in modernizing the electrical grid to improve reliability and efficiency. This focus on infrastructure is expected to drive demand for medium voltage cables, as they are essential for effective power distribution.

Technological Advancements in Cable Manufacturing

Technological advancements in cable manufacturing are reshaping the medium voltage-cables market. Innovations in materials and production techniques are enhancing cable performance and longevity. This trend suggests a potential shift towards more durable and efficient products, catering to the evolving needs of the energy sector.

Sustainability and Eco-Friendly Materials

The growing emphasis on sustainability is influencing the medium voltage-cables market. Manufacturers are increasingly exploring eco-friendly materials to meet consumer demand for greener products. This trend indicates a potential transformation in material selection, aligning with broader environmental goals.

Japan Medium Voltage Cables Market Drivers

Rising Demand for Renewable Energy

The increasing focus on renewable energy sources in Japan is driving the medium voltage-cables market. As the country aims to reduce its carbon footprint, investments in solar, wind, and hydroelectric power are surging. This shift necessitates the installation 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 Japan's total energy generation. Consequently, the medium voltage-cables market is likely to experience substantial growth, as these cables are essential for efficient energy distribution and management.

Government Regulations and Standards

The medium voltage-cables market in Japan is influenced by stringent government regulations and standards aimed at ensuring safety and reliability in electrical installations. The Ministry of Economy, Trade and Industry (METI) has implemented guidelines that mandate the use of high-quality materials and technologies in cable manufacturing. Compliance with these regulations is essential for manufacturers, as non-compliance could lead to penalties and loss of market access. As a result, the medium voltage-cables market is likely to see an increase in demand for compliant products, driving innovation and quality improvements in the industry.

Urbanization and Smart City Initiatives

Japan's rapid urbanization and the push towards smart city initiatives are significantly impacting the medium voltage-cables market. As urban areas expand, the demand for reliable electricity distribution systems increases. Smart cities require advanced infrastructure, including medium voltage cables, to support smart grids and energy-efficient technologies. The government has allocated over $10 billion for urban infrastructure projects, which include upgrading electrical systems. This investment is expected to enhance the medium voltage-cables market, as modernized electrical networks are crucial for urban development and sustainability.

Technological Innovations in Cable Design

Technological advancements in cable design and materials are reshaping the medium voltage-cables market in Japan. Innovations such as improved insulation materials and enhanced conductor designs are leading to cables that are more efficient and durable. These advancements not only reduce energy losses but also extend the lifespan of cables, making them more appealing to consumers. As manufacturers adopt these new technologies, the medium voltage-cables market is likely to witness a shift towards higher-quality products, which could potentially increase market competitiveness and drive growth.

Investment in Electrical Grid Modernization

Japan's aging electrical grid infrastructure is prompting significant investments in modernization efforts, which directly benefit the medium voltage-cables market. The government has recognized the need to upgrade the grid to enhance reliability and accommodate the growing demand for electricity. In 2025, it is estimated that investments in grid modernization will exceed $15 billion. This influx of capital is expected to lead to increased procurement of medium voltage cables, as they play a vital role in the efficient transmission of electricity across the updated grid.

Market Segment Insights

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

In the Japan medium voltage-cables market, the installation segment shows a clear distribution of market share among underground, submarine, and overhead cable types. Underground cables capture the largest share due to their reliability and increasing demand for safety in urban areas, making them the preferred choice for many applications. Meanwhile, submarine cables are gaining traction, attributed to their unique applications in connecting offshore wind farms and other marine infrastructure, contributing to a dynamic distribution landscape. The growth trends within this segment are remarkable, notably with submarine cables marking the fastest growth trajectory. This is driven by the rise in renewable energy initiatives and government policies promoting sustainable development. Concurrently, the underground segment remains stable, bolstered by urbanization and the need for reliable electricity distribution. As these trends continue, investment in infrastructure will further influence the direction of the market.

Underground: Dominant vs. Submarine: Emerging

Underground cables have solidified their position as the dominant choice in the installation segment due to their ability to minimize aesthetic disruption and enhance safety in densely populated areas. Their high installation cost is offset by lower maintenance costs and greater reliability. In contrast, submarine cables represent an emerging segment, propelled by the growing need for secure interconnections between land and offshore facilities. These cables are specially designed to withstand harsh marine conditions, and their growing deployment is essential for projects like offshore wind farms. As demand for alternative energy sources rises, both segments are expected to play crucial roles, with underground cables dominating the landscape and submarine cables increasingly featured in innovative projects.

By Voltage: Up to 25kV (Largest) vs. 76kV-100kV (Fastest-Growing)

The voltage segment in the Japan medium voltage-cables market displays a diverse distribution of market share across four key ranges: 'Up to 25kV', '26kV-50kV', '51kV-75kV', and '76kV-100kV'. The 'Up to 25kV' segment holds the largest share, driven by extensive applications in residential and commercial projects. Meanwhile, '76kV-100kV' is showing significant promise, emerging rapidly as utilities seek higher capacity solutions to support modernization efforts. Growth trends in this voltage segment are influenced by increasing investments in infrastructure and a push towards renewable energy sources. The demand for higher voltage cables is being propelled by technological advancements that require improved transmission capabilities, coupled with government initiatives promoting electric grid enhancements. This landscape indicates considerable movement toward both established and emerging voltage ranges, steering the market toward innovation and efficiency.

Voltage: Up to 25kV (Dominant) vs. 76kV-100kV (Emerging)

The 'Up to 25kV' range stands as the dominant segment within the Japan medium voltage-cables market, primarily serving the residential and commercial sectors where lower voltage is sufficient for everyday applications. This segment benefits from well-established manufacturing processes and a stable demand cycle. On the other hand, the '76kV-100kV' segment is characterized by its rapid growth, as it caters to industrial applications requiring high-capacity power transmission. The increase in urbanization and a shift towards renewable energy systems are driving the demand for these higher voltage cables, positioning them as a crucial element in the evolution of Japan's energy infrastructure.

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

In the Japan medium voltage-cables market, Termination Cables hold the largest market share, driven by their wide applicability in distribution networks and industrial sectors. Joints also present significant traction, reflecting a growing demand for connectivity solutions that bridge existing cable infrastructures. The growth of these segments is further augmented by technological advancements and increased investments in energy distribution projects. The market for medium voltage-cables is witnessing dynamic growth trends, particularly in the Joints segment, which is experiencing rapid expansion. Emerging industries and the need for reliable electrical connections in renewable energy setups are fueling this growth. Additionally, Termination Cables continue to thrive due to their essential role in enhancing efficiency and reducing failure rates in power transmission, thereby sustaining demand in the Japanese market.

Termination Cables (Dominant) vs. Joints (Emerging)

Termination Cables represent the dominant choice in the Japan medium voltage-cables market due to their essential function in ensuring secure connections at the ends of electrical cables, preventing voltage drops and energy losses. With their robust construction and reliability, they cater to various applications across sectors such as utilities and manufacturing. On the other hand, Joints are emerging as a significant segment, offering innovative solutions for seamless connections in high-demand environments. The rising emphasis on infrastructure upgrades and the integration of renewable energy sources are stimulating the growth of this segment. Both Termination Cables and Joints are integral to meeting the evolving energy needs and ensuring the stability of electricity supply.

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

In the Japan medium voltage-cables market, the distribution of market share among end users highlights the dominance of the industrial sector, which commands a significant portion of the market. The commercial segment also holds a notable share, but it is the utility segment that demonstrates rapid growth potential, driven by increasing infrastructure developments and demand for reliable power supply. Consequently, these three segments exhibit distinct characteristics in their market presence and competition strategies. The growth trends within these segments indicate that the industrial sector will continue to lead due to ongoing manufacturing and automation trends, while the utility segment is forecasted to expand at an accelerated pace. The push for sustainable and efficient energy distribution systems is a driving force behind the utility segment's growth, as more utilities seek robust and resilient solutions, further creating opportunities for innovative medium voltage cables that meet these emerging needs.

Commercial (Dominant) vs. Utility (Emerging)

The commercial segment is established as a dominant force in the Japan medium voltage-cables market, being integral in various applications like shopping malls, office complexes, and hospitals. This segment thrives on demand for reliable electrical infrastructure to support extensive operational hours and sophisticated electrical systems. As consumer expectations rise, so does the demand for high-quality medium voltage cables that ensure safety and efficiency. On the other hand, the utility segment is classified as emerging, gaining traction with investments in renewable energy and smart grid technologies. This shift requires innovative cable solutions that support connectivity and power distribution, making utility an attractive area for growth. Both segments, despite their current standings, reflect the dynamic nature of the market and highlight essential trends influencing future developments.

Get more detailed insights about Japan Medium Voltage Cables Market

Key Players and Competitive Insights

The medium voltage-cables market in Japan is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as Sumitomo Electric Industries (Japan), Prysmian Group (Italy), and Nexans (France) are actively pursuing strategies that emphasize technological advancement and regional expansion. Sumitomo Electric Industries (Japan) focuses on enhancing its product offerings through R&D investments, while Prysmian Group (Italy) is leveraging its global footprint to optimize supply chains and improve service delivery. Nexans (France) appears to be concentrating on digital transformation initiatives, which may enhance operational efficiency and customer engagement, thereby influencing the competitive dynamics of the market. The business tactics employed by these companies reflect a trend towards localizing manufacturing and optimizing supply chains to meet the specific demands of the Japanese market. The competitive structure of the medium voltage-cables market is moderately fragmented, with several players vying for market share. This fragmentation allows for a diverse range of products and services, but also intensifies competition among key players, who are increasingly focused on differentiating themselves through innovation and customer-centric solutions. In October 2025, Sumitomo Electric Industries (Japan) announced the launch of a new line of eco-friendly medium voltage cables designed to reduce environmental impact. This strategic move not only aligns with global sustainability trends but also positions the company as a leader in environmentally responsible manufacturing practices. The introduction of these cables is likely to attract customers who prioritize sustainability, thereby enhancing Sumitomo's competitive edge in the market. In September 2025, Prysmian Group (Italy) expanded its production capacity in Japan by investing €20 million in a new facility dedicated to medium voltage cables. This expansion is indicative of the company's commitment to meeting the growing demand for high-quality cables in the region. By increasing its production capabilities, Prysmian Group may enhance its market presence and improve its ability to respond to customer needs more effectively. In August 2025, Nexans (France) entered into a strategic partnership with a local technology firm to develop smart cable solutions that integrate IoT capabilities. This collaboration is expected to drive innovation in the medium voltage segment, allowing Nexans to offer advanced solutions that cater to the evolving needs of the energy sector. The integration of smart technologies into their product line could potentially set Nexans apart from competitors, emphasizing the importance of technological advancement in the current market. As of November 2025, the medium voltage-cables market is witnessing trends that emphasize digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances among key players are shaping the competitive landscape, fostering innovation and enhancing product offerings. The shift from price-based competition to a focus on technology, reliability, and sustainability is becoming increasingly evident. Companies that prioritize these aspects are likely to gain a competitive advantage, suggesting that future differentiation will hinge on innovation and the ability to adapt to changing market demands.

Key Companies in the Japan Medium Voltage Cables Market include

Industry Developments

Recent developments in the Japan Medium Voltage Cables Market have shown significant advancements and activity among key players such as Hitachi, Prysmian Group, and Sumitomo Electric Industries. In October 2023, Hitachi announced the expansion of its production capabilities to enhance manufacturing efficiency for medium voltage cables, aiming to meet rising demand fueled by renewable energy projects. 

Additionally, in September 2023, Prysmian Group revealed plans to invest in a new facility in Japan, specifically targeting the growth in electric vehicle infrastructure, further solidifying their market presence.The ongoing transition toward green technologies has accelerated the market's growth, with investments in smart grids and electric vehicle charging stations becoming increasingly prominent. In August 2023, Daikin Industries reported a surge in orders for their advanced medium voltage solutions, reflecting a growing trend toward sustainable energy solutions. 

Furthermore, mergers and acquisitions in the sector have remained cautious, with no significant deals reported in recent months among the key companies like Nitto Denko and Toshiba. Overall, the Japanese market continues to evolve with innovations and investments that are driving growth in the medium voltage cables sector, responding to both domestic and global energy requirements.

 

Future Outlook

Japan Medium Voltage Cables Market Future Outlook

The Medium Voltage Cables Market in Japan is projected to grow at a 6.03% CAGR from 2025 to 2035, driven by infrastructure development, renewable energy integration, and technological advancements.

New opportunities lie in:

  • Expansion into renewable energy sectors with specialized cable solutions. Development of smart grid technologies to enhance cable efficiency. Investment in R&D for advanced materials to improve cable durability.

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

Market Segmentation

Japan Medium Voltage Cables Market Product Outlook

  • Termination Cables
  • Joints
  • XLPE Cables
  • Others

Japan Medium Voltage Cables Market Voltage Outlook

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

Japan Medium Voltage Cables Market End Users Outlook

  • Industrial
  • Commercial
  • Utility

Japan Medium Voltage Cables Market Installation Outlook

  • Underground
  • Submarine
  • Overhead

Report Scope

MARKET SIZE 2024 2005.6(USD Million)
MARKET SIZE 2025 2126.54(USD Million)
MARKET SIZE 2035 3820.12(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 6.03% (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), Apar Industries (IN), Furukawa Electric (JP), Kabelwerk Eupen AG (BE)
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 Japan
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FAQs

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

The Japan Medium Voltage Cables Market is expected to be valued at 1.98 billion USD in 2024.

What will be the valuation of the market in 2035?

By 2035, the Japan Medium Voltage Cables Market is projected to reach a value of 3.09 billion USD.

What is the expected CAGR for the Japan Medium Voltage Cables Market from 2025 to 2035?

The market is expected to grow at a CAGR of 4.129% from 2025 to 2035.

Which installation segment is expected to dominate the Japan Medium Voltage Cables Market?

The Underground installation segment is anticipated to have significant dominance, valued at 0.84 billion USD in 2024 and projected to grow to 1.29 billion USD by 2035.

What is the projected market size for submarine medium voltage cables in 2035?

The submarine medium voltage cables segment is expected to reach a value of 0.66 billion USD by 2035.

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

Major players include Hitachi, Prysmian Group, Furukawa Electric, and Sumitomo Electric Industries, among others.

What will be the value of the overhead installation segment in 2035?

The overhead segment is projected to be valued at 1.14 billion USD by 2035.

What are the challenges facing the Japan Medium Voltage Cables Market?

The market faces challenges related to price fluctuations of raw materials and evolving regulatory frameworks.

What growth opportunities exist in the Japan Medium Voltage Cables Market?

Opportunities lie in increased demand for renewable energy and modernization of infrastructure.

How is the overall market growth trend affecting the medium voltage cables in Japan?

The overall market growth trend reflects a steady increase in demand driven by infrastructure development and energy needs.

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