Analyst Viewpoint
R&D in electricity distribution networks and surge in demand for high-speed internet services are fueling the OPGW cable market size.
OPGW cables have high-speed data transmission capabilities and high bandwidth capacity, thereby being extensively utilized in telecommunication and data transmission processes. Moreover, surge in consumption of internet on OTT platforms is augmenting market progress.
Advancements in data transmission technologies and developments in electricity distribution networks is offering lucrative OPGW cable market opportunities to the companies operating in this industry.
Leading market players are launching new products to improve their product portfolio and meet specific demands of the customers. They focus on showcasing their products through different programs to increase their market reach and globalize the brand.
OPGW stands for optical ground wire which is widely used in electric power transmission and distribution networks. OPGW cables are designed to provide path for electric current transmission while being safely transferred through overhead power lines.
Moreover, these cables ensure high-speed data transmission through embedded optical fibers. Composite structure, electrical conductivity, lightning protection, reliability and durability, and high bandwidth capacity are some of the key features of OPGW cables.
Fiber optic ground wire is utilized in telecommunication infrastructure to transmit signals over long distances. The embedded optical fibers in OPGW cables allow transmission of video, voice, and data signals. Voltage, temperature, current, and line status can be monitored real-time by integrating fiber optic communication capabilities into power grid.
These cables are extensively employed in security and surveillance systems to monitor signal transmissions. The optical fibers can transmit video surveillance footage, security alarms, and other monitoring data to control centers to detect and respond to security threats or unauthorized access to critical infrastructure.
| Attribute | Detail |
|---|---|
| Drivers |
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Electricity distribution networks require optimized installation and maintenance to reduce cost, extend service life, and minimize system downtime. Technological advancements in OPGW cables allow enhanced monitoring and diagnostics of these networks.
These advancements include integration of smart grid technologies with OPGW cables and optimized signal processing techniques. Thus, R&D in electricity distribution networks is fostering the OPGW cable market value.
Developments in innovative sensors, communication protocols, and data analytics algorithms enhances reliability, grid resilience, and efficiency of electricity distribution networks.
Research and developments fiber optic sensing technologies, distributed temperature sensing, and distributed acoustic sensing allow monitoring mechanical stress and avoid systems interruptions. Hence, increase in investments in technological advancements in telecommunication sector is fueling OPGW cable market statistics.
Industrialization and commercialization across the globe is driving the demand for high-speed internet services. OPGW cables facilitate reliable and high-speed data transmission over power distribution networks.
Telecommunication companies prefer fiber optic networks to deploy high-speed internet services to enhance remote connectivity.
Increase in presence of multiple services providers and evolution in data transmission technologies is fueling the demand for internet services. Thus, surge in demand for high-speed internet services is augmenting the OPGW cable market development.
OPGW cable material advancements ensure uninterrupted data transmission to maintain connectivity and enhance resilience of broadband networks.
Surge in data consumption on OTT platforms across the globe is propelling need for uninterrupted data connectivity. For instance, the number of OTT video viewers were 3.26 billion in 2022 and is projected to reach to 4.22 billion by 2027.
| Attribute | Detail |
|---|---|
| Leading Region | Asia Pacific |
As per the OPGW cable industry regional insights, Asia Pacific held a dominant position in global markets in 2022. Rapid industrialization and urbanization is likely to propel the OPGW cable market share during the forecast period.
Surge in demand for high-speed connectivity and data transmission is driving the demand for OPGW cable. Moreover, government initiatives for smart city development projects is fueling market expansion.
Increase in number of internet users in this region is contributing to the regional market growth. According to the data published by the Ministry of External Affairs Government of India in March 2023, rural India accounted for 425 million internet users, which was around 44% higher than the number of active internet users in urban areas, with 295 million users.
There were over 450 million smartphone users in the country, with video watching and video calling being the top two online activities.
As per the recent OPGW cable market trends, advancements in communication technologies and developments in transmission networks generate multiple opportunities for OPGW cable manufacturers.
Recent OPGW Cable industry innovations allow manufacturers to launch new products to meet customer demands and enhance their product portfolio. Moreover, manufacturers showcase their products in global markets to increase brand awareness and enhance customer engagement.
Some of the leading players in the market are Prysmian Group, Fujikura Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., STL Tech, PT Voksel Electric Tbk., ZTT, Tratos, and L S Cable & System Ltd.
These companies have been profiled in the OPGW cable market report based on various parameters including company overview, business segments, product portfolio, recent developments, business strategies, and financial overview.
| Attribute | Detail |
|---|---|
| Market Size in 2022 | US$ 578.4 Mn |
| Market Forecast (Value) in 2031 | US$ 876.8 Mn |
| Growth Rate (CAGR) | 4.8% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2021 |
| Quantitative Tons | US$ Mn for Value |
| Market Analysis | It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
|
| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
It was valued at US$ 578.4 Mn in 2022
It is projected to register a CAGR of 4.8% from 2023 to 2031
R&D in electricity distribution networks and surge in demand for high-speed internet services
Asia Pacific was the most lucrative region in 2022
Prysmian Group, Fujikura Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., STL Tech, PT Voksel Electric Tbk., ZTT, Tratos, and L S Cable & System Ltd.
1. Preface
1.1. Market and Segment Definitions
1.2. Market Taxonomy
1.3. Research Methodology
1.4. Assumption and Acronyms
2. Executive Summary
2.1. Global OPGW Cable Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Opportunities
3.5. Key Trends
3.6. Regulatory Framework
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview – Industry Automation Overview
4.2. Ecosystem Analysis
4.3. Pricing Analysis
4.4. Technology Roadmap Analysis
4.5. Industry SWOT Analysis
4.6. Porter Five Forces Analysis
5. Global OPGW Cable Market Analysis, by Type
5.1. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031
5.1.1. Layer Stranding Structure
5.1.2. Central Tube Design
5.2. Market Attractiveness Analysis, by Type
6. Global OPGW Cable Market Analysis, by Application
6.1. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031
6.1.1. Below 220 KV
6.1.2. 220-250 KV
6.1.3. Above 500 KV
6.2. Market Attractiveness Analysis, by Application
7. Global OPGW Cable Market Analysis and Forecast, by Region
7.1. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Region, 2017–2031
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
7.2. Market Attractiveness Analysis, by Region
8. North America OPGW Cable Market Analysis and Forecast
8.1. Market Snapshot
8.2. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031
8.2.1. Layer Stranding Structure
8.2.2. Central Tube Design
8.3. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031
8.3.1. Below 220 KV
8.3.2. 220-250 KV
8.3.3. Above 500 KV
8.4. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Country, 2017–2031
8.4.1. U.S.
8.4.2. Canada
8.4.3. Rest of North America
8.5. Market Attractiveness Analysis
8.5.1. By Type
8.5.2. By Application
8.5.3. By Country/Sub-region
9. Europe OPGW Cable Market Analysis and Forecast
9.1. Market Snapshot
9.2. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031
9.2.1. Layer Stranding Structure
9.2.2. Central Tube Design
9.3. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031
9.3.1. Below 220 KV
9.3.2. 220-250 KV
9.3.3. Above 500 KV
9.4. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Rest of Europe
9.5. Market Attractiveness Analysis
9.5.1. By Type
9.5.2. By Application
9.5.3. By Country/Sub-region
10. Asia Pacific OPGW Cable Market Analysis and Forecast
10.1. Market Snapshot
10.2. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031
10.2.1. Layer Stranding Structure
10.2.2. Central Tube Design
10.3. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031
10.3.1. Below 220 KV
10.3.2. 220-250 KV
10.3.3. Above 500 KV
10.4. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. South Korea
10.4.5. ASEAN
10.4.6. Rest of Asia Pacific
10.5. Market Attractiveness Analysis
10.5.1. By Type
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Middle East & Africa OPGW Cable Market Analysis and Forecast
11.1. Market Snapshot
11.2. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031
11.2.1. Layer Stranding Structure
11.2.2. Central Tube Design
11.3. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031
11.3.1. Below 220 KV
11.3.2. 220-250 KV
11.3.3. Above 500 KV
11.4. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031
11.4.1. GCC
11.4.2. South Africa
11.4.3. Rest of Middle East & Africa
11.5. Market Attractiveness Analysis
11.5.1. By Type
11.5.2. By Application
11.5.3. By Country/Sub-region
12. South America OPGW Cable Market Analysis and Forecast
12.1. Market Snapshot
12.2. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Type, 2017–2031
12.2.1. Layer Stranding Structure
12.2.2. Central Tube Design
12.3. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Application, 2017–2031
12.3.1. Below 220 KV
12.3.2. 220-250 KV
12.3.3. Above 500 KV
12.4. OPGW Cable Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031
12.4.1. Brazil
12.4.2. Rest of South America
12.5. Market Attractiveness Analysis
12.5.1. By Type
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Competition Assessment
13.1. Global OPGW Cable Market Competition Matrix - a Dashboard View
13.1.1. Global OPGW Cable Market Company Share Analysis, by Value (2022)
13.1.2. Technological Differentiator
14. Company Profiles (Global Manufacturers/Suppliers)
14.1. Prysmian Group
14.1.1. Overview
14.1.2. Product Portfolio
14.1.3. Sales Footprint
14.1.4. Key Subsidiaries or Distributors
14.1.5. Strategy and Recent Developments
14.1.6. Key Financials
14.2. Fujikura Ltd.
14.2.1. Overview
14.2.2. Product Portfolio
14.2.3. Sales Footprint
14.2.4. Key Subsidiaries or Distributors
14.2.5. Strategy and Recent Developments
14.2.6. Key Financials
14.3. Furukawa Electric Co., Ltd.
14.3.1. Overview
14.3.2. Product Portfolio
14.3.3. Sales Footprint
14.3.4. Key Subsidiaries or Distributors
14.3.5. Strategy and Recent Developments
14.3.6. Key Financials
14.4. Sumitomo Electric Industries, Ltd.
14.4.1. Overview
14.4.2. Product Portfolio
14.4.3. Sales Footprint
14.4.4. Key Subsidiaries or Distributors
14.4.5. Strategy and Recent Developments
14.4.6. Key Financials
14.5. STL Tech
14.5.1. Overview
14.5.2. Product Portfolio
14.5.3. Sales Footprint
14.5.4. Key Subsidiaries or Distributors
14.5.5. Strategy and Recent Developments
14.5.6. Key Financials
14.6. PT Voksel Electric Tbk.
14.6.1. Overview
14.6.2. Product Portfolio
14.6.3. Sales Footprint
14.6.4. Key Subsidiaries or Distributors
14.6.5. Strategy and Recent Developments
14.6.6. Key Financials
14.7. ZTT
14.7.1. Overview
14.7.2. Product Portfolio
14.7.3. Sales Footprint
14.7.4. Key Subsidiaries or Distributors
14.7.5. Strategy and Recent Developments
14.7.6. Key Financials
14.8. Tratos
14.8.1. Overview
14.8.2. Product Portfolio
14.8.3. Sales Footprint
14.8.4. Key Subsidiaries or Distributors
14.8.5. Strategy and Recent Developments
14.8.6. Key Financials
14.9. L S Cable & System Ltd.
14.9.1. Overview
14.9.2. Product Portfolio
14.9.3. Sales Footprint
14.9.4. Key Subsidiaries or Distributors
14.9.5. Strategy and Recent Developments
14.9.6. Key Financials
15. Go to Market Strategy
15.1. Identification of Potential Market Spaces
15.2. Preferred Sales & Marketing Strategy
List of Tables
Table 1: Global OPGW Cable Market Value (US$ Mn) & Forecast, by Type, 2017–2031
Table 2: Global OPGW Cable Market Value (US$ Mn) & Forecast, by Application, 2017–2031
Table 3: Global OPGW Cable Market Value (US$ Mn) & Forecast, by Region, 2017–2031
Table 4: North America OPGW Cable Market Value (US$ Mn) & Forecast, by Type, 2017–2031
Table 5: North America OPGW Cable Market Value (US$ Mn) & Forecast, by Application, 2017–2031
Table 6: North America OPGW Cable Market Value (US$ Mn) & Forecast, by Country, 2017–2031
Table 7: Europe OPGW Cable Market Value (US$ Mn) & Forecast, by Type, 2017–2031
Table 8: Europe OPGW Cable Market Value (US$ Mn) & Forecast, by Application, 2017–2031
Table 9: Europe OPGW Cable Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017–2031
Table 10: Asia Pacific OPGW Cable Market Value (US$ Mn) & Forecast, by Type, 2017–2031
Table 11: Asia Pacific OPGW Cable Market Value (US$ Mn) & Forecast, by Application, 2017–2031
Table 12: Asia Pacific OPGW Cable Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017–2031
Table 13: Middle East & Africa OPGW Cable Market Value (US$ Mn) & Forecast, by Type, 2017–2031
Table 14: Middle East & Africa OPGW Cable Market Value (US$ Mn) & Forecast, by Application, 2017–2031
Table 15: Middle East & Africa OPGW Cable Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017–2031
Table 16: South America OPGW Cable Market Value (US$ Mn) & Forecast, by Type, 2017–2031
Table 17: South America OPGW Cable Market Value (US$ Mn) & Forecast, by Application, 2017–2031
Table 18: South America OPGW Cable Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017–2031
List of Figures
Figure 01: Supply Chain Analysis - Global OPGW Cable Market
Figure 02: Porter Five Forces Analysis – Global OPGW Cable Market
Figure 03: Technology Road Map - Global OPGW Cable Market
Figure 04: Global OPGW Cable Market, Value (US$ Mn), 2017–2031
Figure 05: Global OPGW Cable Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017–2031
Figure 06: Global OPGW Cable Market Projections, by Type, Value (US$ Mn), 2017–2031
Figure 07: Global OPGW Cable Market, Incremental Opportunity, by Type, 2023–2031
Figure 08: Global OPGW Cable Market Share Analysis, by Type, 2022–2031
Figure 09: Global OPGW Cable Market Projections, by Application, Value (US$ Mn), 2017–2031
Figure 10: Global OPGW Cable Market, Incremental Opportunity, by Application, 2023–2031
Figure 11: Global OPGW Cable Market Share Analysis, by Application, 2022–2031
Figure 12: Global OPGW Cable Market Projections, by Region, Value (US$ Mn), 2017–2031
Figure 13: Global OPGW Cable Market, Incremental Opportunity, by Region, 2023–2031
Figure 14: Global OPGW Cable Market Share Analysis, by Region, 2022–2031
Figure 15: North America OPGW Cable Market Size & Forecast, Value (US$ Mn), 2017–2031
Figure 16: North America OPGW Cable Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017–2031
Figure 17: North America OPGW Cable Market Projections, by Type Value (US$ Mn), 2017–2031
Figure 18: North America OPGW Cable Market, Incremental Opportunity, by Type, 2023–2031
Figure 19: North America OPGW Cable Market Share Analysis, by Type, 2022–2031
Figure 20: North America OPGW Cable Market Projections, by Application (US$ Mn), 2017–2031
Figure 21: North America OPGW Cable Market, Incremental Opportunity, by Application, 2023–2031
Figure 22: North America OPGW Cable Market Share Analysis, by Application, 2022–2031
Figure 23: North America OPGW Cable Market Projections, by Country, Value (US$ Mn), 2017–2031
Figure 24: North America OPGW Cable Market, Incremental Opportunity, by Country and Sub-region, 2023–2031
Figure 25: North America OPGW Cable Market Share Analysis, by Country, 2022–2031
Figure 26: Europe OPGW Cable Market Size & Forecast, Value (US$ Mn), 2017–2031
Figure 27: Europe OPGW Cable Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017–2031
Figure 28: Europe OPGW Cable Market Projections, by Type Value (US$ Mn), 2017–2031
Figure 29: Europe OPGW Cable Market, Incremental Opportunity, by Type, 2023–2031
Figure 30: Europe OPGW Cable Market Share Analysis, by Type, 2022–2031
Figure 31: Europe OPGW Cable Market Projections, by Application, Value (US$ Mn), 2017–2031
Figure 32: Europe OPGW Cable Market, Incremental Opportunity, by Application, 2023–2031
Figure 33: Europe OPGW Cable Market Share Analysis, by Application, 2022–2031
Figure 34: Europe OPGW Cable Market Projections, by Country and Sub-region, Value (US$ Mn), 2017–2031
Figure 35: Europe OPGW Cable Market, Incremental Opportunity, by Country and Sub-region, 2023–2031
Figure 36: Europe OPGW Cable Market Share Analysis, by Country and Sub-region 2022–2031
Figure 37: Asia Pacific OPGW Cable Market Size & Forecast, Value (US$ Mn), 2017–2031
Figure 38: Asia Pacific OPGW Cable Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017–2031
Figure 39: Asia Pacific OPGW Cable Market Projections, by Type Value (US$ Mn), 2017–2031
Figure 40: Asia Pacific OPGW Cable Market, Incremental Opportunity, by Type, 2023–2031
Figure 41: Asia Pacific OPGW Cable Market Share Analysis, by Type, 2022–2031
Figure 42: Asia Pacific OPGW Cable Market Projections, by Application, Value (US$ Mn), 2017–2031
Figure 43: Asia Pacific OPGW Cable Market, Incremental Opportunity, by Application, 2023–2031
Figure 44: Asia Pacific OPGW Cable Market Share Analysis, by Application, 2022–2031
Figure 45: Asia Pacific OPGW Cable Market Projections, by Country and Sub-region, Value (US$ Mn), 2017–2031
Figure 46: Asia Pacific OPGW Cable Market, Incremental Opportunity, by Country and Sub-region, 2023–2031
Figure 47: Asia Pacific OPGW Cable Market Share Analysis, by Country and Sub-region 2022–2031
Figure 48: Middle East & Africa OPGW Cable Market Size & Forecast, Value (US$ Mn), 2017–2031
Figure 49: Middle East & Africa OPGW Cable Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017–2031
Figure 50: Middle East & Africa OPGW Cable Market Projections, by Type Value (US$ Mn), 2017–2031
Figure 51: Middle East & Africa OPGW Cable Market, Incremental Opportunity, by Type, 2023–2031
Figure 52: Middle East & Africa OPGW Cable Market Share Analysis, by Type, 2022–2031
Figure 53: Middle East & Africa OPGW Cable Market Projections, by Application, Value (US$ Mn), 2017–2031
Figure 54: Middle East & Africa OPGW Cable Market, Incremental Opportunity, by Application, 2023–2031
Figure 55: Middle East & Africa OPGW Cable Market Share Analysis, by Application, 2022–2031
Figure 56: Middle East & Africa OPGW Cable Market Projections, by Country and Sub-region, Value (US$ Mn), 2017–2031
Figure 57: Middle East & Africa OPGW Cable Market, Incremental Opportunity, by Country and Sub-region, 2023–2031
Figure 58: Middle East & Africa OPGW Cable Market Share Analysis, by Country and Sub-region 2022–2031
Figure 59: South America OPGW Cable Market Size & Forecast, Value (US$ Mn), 2017–2031
Figure 60: South America OPGW Cable Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017–2031
Figure 61: South America OPGW Cable Market Projections, by Type Value (US$ Mn), 2017–2031
Figure 62: South America OPGW Cable Market, Incremental Opportunity, by Type, 2023–2031
Figure 63: South America OPGW Cable Market Share Analysis, by Type, 2022–2031
Figure 64: South America OPGW Cable Market Projections, by Application, Value (US$ Mn), 2017–2031
Figure 65: South America OPGW Cable Market, Incremental Opportunity, by Application, 2023–2031
Figure 66: South America OPGW Cable Market Share Analysis, by Application, 2022–2031
Figure 67: South America OPGW Cable Market Projections, by Country and Sub-region, Value (US$ Mn), 2017–2031
Figure 68: South America OPGW Cable Market, Incremental Opportunity, by Country and Sub-region, 2023–2031
Figure 69: South America OPGW Cable Market Share Analysis, by Country and Sub-region 2022–2031
Figure 70: Global OPGW Cable Market Competition
Figure 71: Global OPGW Cable Market Company Share Analysis
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