Global OPGW Cable Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Layer Stranding Structure and Central Tube Structure.

By Application;

Below 220 KV, 220-500 KV and Above 500 KV.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn423681364 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global OPGW Cable Market (USD Million), 2021 - 2031

In the year 2024, the Global OPGW Cable Market was valued at USD 825.74 million. The size of this market is expected to increase to USD 1161.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global Optical Ground Wire (OPGW) cable market is witnessing significant growth, driven by the increasing demand for enhanced transmission capacity and reliability in the power and telecommunication sectors. OPGW cables are dual-function cables that serve as both ground wires and communication links in overhead power lines. These cables protect the transmission line from lightning strikes while also providing a medium for high-speed data transmission. The adoption of OPGW cables is growing as utility companies seek to modernize and upgrade their infrastructure to meet rising energy demands and improve operational efficiency.

One of the key drivers of the OPGW cable market is the expansion of power grid infrastructure across various regions. Developing economies are heavily investing in their power sector to support industrial growth and urbanization. This has led to an increased deployment of OPGW cables in new transmission lines as well as the retrofitting of existing lines. Additionally, the integration of renewable energy sources, such as wind and solar, into the grid requires robust and reliable communication networks, further fueling the demand for OPGW cables.

Technological advancements and innovations in OPGW cable design and materials are also propelling market growth. Manufacturers are focusing on developing cables with improved tensile strength, corrosion resistance, and thermal stability to withstand harsh environmental conditions. Moreover, the advent of smart grid technologies, which require real-time data monitoring and control, is driving the adoption of advanced OPGW cables capable of supporting high-speed data transmission and communication needs.

Despite the positive growth outlook, the OPGW cable market faces certain challenges. The high initial costs associated with the installation and maintenance of OPGW cables can be a deterrent for some utility companies, particularly in regions with budget constraints. Additionally, the market is highly competitive, with several key players striving to gain a larger market share through strategic partnerships, mergers, and acquisitions. Nonetheless, with ongoing technological advancements and increasing investments in power and telecommunication infrastructure, the global OPGW cable market is poised for sustained growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global OPGW Cable Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Reliable Power Transmission
        2. Growth in Renewable Energy Projects
        3. Advancements in Grid Infrastructure
      2. Restraints
        1. High Installation Costs
        2. Technical Challenges
        3. Regulatory Hurdles
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Technological Innovations
        3. Government Initiatives and Investments
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global OPGW Cable Market, By Type, 2021 - 2031 (USD Million)
      1. Layer stranding structure
      2. Central tube structure
    2. Global OPGW Cable Market, By Application, 2021 - 2031 (USD Million)
      1. Below 220 KV
      2. 220-500 KV
      3. Above 500 KV
    3. Global OPGW Cable Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Prysmian Group
      2. Fujikura Group
      3. Furukawa Electric Co., Ltd.
      4. Sumitomo Electric Industries, Ltd.
      5. Sterlite Technologies Limited
      6. PT Voksel Electric Tbk
      7. Tratos
      8. L S Cable & System
  7. Analyst Views
  8. Future Outlook of the Market