Asia Pacific Cable Accessories Market

Asia Pacific Cable Accessories Market Size

The Asia Pacific Cable Accessories Market Size was valued at USD 19.31 billion in 2024. The Asia Pacific egg powder market  Size is expected to have 5.71 % CAGR from 2025 to 2033 and be worth USD 31.83 billion by 2033 from USD 20.41 billion in 2025.

The cable accessories play a crucial role in ensuring reliability, durability, and safety across various industries such as energy transmission, telecommunications, industrial automation, and infrastructure development. The demand for high-quality cable accessories has surged significantly across the region with rapid urbanization and increasing investments in smart grid technologies.

Countries such as China, India, Japan, and South Korea are at the forefront of this growth due to their expanding power generation capacities and aggressive digital transformation strategies. As per estimates, the total electricity generation capacity in the Asia Pacific region surpassed 3,000 GW in 2023, with over 60% of that coming from non-OECD countries, while the region's growing dependency on robust transmission and distribution systems.

MARKET DRIVERS

Expansion of Renewable Energy Infrastructure

The accelerated deployment of renewable energy infrastructure across the Asia Pacific region is a significant driver for the cable accessories market. Governments in countries like China, India, and Australia have committed substantial investments to diversify their energy mix and reduce reliance on fossil fuels. In 2023, the Asia Pacific added over 170 GW of new renewable energy capacity, with solar and wind contributing more than 80% of that increase, according to the International Renewable Energy Agency (IRENA). Such installations require extensive cabling networks, along with associated accessories like connectors, terminations, and splices, to ensure seamless integration into national grids.

For instance, India’s Ministry of New and Renewable Energy reported that the country installed 14.5 GW of new renewable energy capacity in 2023 alone, necessitating extensive underground and overhead cabling infrastructure. These projects depend heavily on reliable cable accessories to minimize transmission losses and enhance system longevity. Similarly, China continues to lead globally in offshore wind development, with over 5 GW of new capacity brought online in 2023. Offshore installations require specialized high-voltage cable accessories capable of withstanding harsh environmental conditions.

Surge in Smart City and Digital Infrastructure Investments

Rapid urbanization and the proliferation of smart city initiatives across the Asia Pacific are driving robust demand for cable accessories, particularly in the telecommunications and data center sectors. According to the United Nations Department of Economic and Social Affairs, nearly 60% of the global population now resides in urban areas, with the Asia Pacific leading the charge in smart city development. Countries such as Singapore, South Korea, and Japan have been at the forefront, deploying intelligent transportation systems, surveillance networks, and IoT-based infrastructure that rely extensively on fiber optic and structured cabling systems.

Singapore’s Smart Nation initiative, launched in 2014, has led to an exponential rise in connected devices and data traffic. By 2023, the nation had over 10 million IoT devices deployed across public services, necessitating advanced cabling infrastructures equipped with high-performance connectors, couplers, and protective enclosures. Similarly, Japan’s Society 5.0 strategy integrates AI, robotics, and big data analytics into daily life, which requires extensive backbone connectivity supported by premium-grade cable accessories.

India’s Smart Cities Mission, covering 100 cities, has also spurred investment in digital infrastructure. According to the Ministry of Housing and Urban Affairs, over INR 1.2 lakh crore had been sanctioned by the end of 2023 for urban transformation projects, many of which involve laying down hybrid power and data cabling systems. Meanwhile, Indonesia and Vietnam are rapidly expanding their data center footprints to meet rising cloud computing and e-commerce demands.

MARKET RESTRAINTS

Regulatory Complexity and Compliance Challenges

A major constraint in the Asia Pacific cable accessories market is the fragmented nature of regulatory frameworks across different countries. Unlike the harmonized standards seen in Europe or North America, each nation in the region maintains its own set of technical specifications, certification requirements, and import regulations. For example, China follows GB (Guobiao) standards, while Japan adheres to JIS (Japanese Industrial Standards), and India implements BIS (Bureau of Indian Standards) certification protocols. This lack of uniformity complicates product development, testing, and market entry for multinational manufacturers.

According to the World Bank’s Doing Business Report 2023, compliance with local regulatory norms remains one of the top challenges for foreign firms entering emerging Asian markets. In India, for instance, delays in obtaining BIS certifications have been cited as a key bottleneck by international suppliers. A survey conducted by the European Chamber of Commerce in India revealed that 68% of member companies faced extended timelines—often exceeding six months—to secure necessary approvals for electrical components, including cable accessories.

Volatility in Raw Material Prices

Fluctuations in raw material prices, particularly copper, aluminum, and polyvinyl chloride (PVC), pose a significant restraint to the stability and profitability of the Asia Pacific cable accessories market. These materials constitute a major share of production costs for connectors, terminals, and insulation components. Between 2022 and 2023, copper prices experienced sharp volatility, peaking at over USD 9,000 per metric ton in early 2023 before retreating below USD 8,000 later in the year, as reported by the London Metal Exchange (LME).

Aluminum, another critical input, saw similar instability, influenced by supply chain disruptions stemming from geopolitical tensions and energy shortages. In China—the world’s largest producer of aluminum—electricity curbs imposed during 2023 impacted smelter operations, leading to supply constraints and price surges. Compounding these issues, PVC resin prices—determined largely by crude oil dynamics—have remained unpredictable. In 2023, fluctuations in Brent crude oil prices, ranging from USD 75 to USD 95 per barrel, affected plastic raw material availability and pricing. These cost volatilities make it difficult for manufacturers to forecast budgets accurately or offer stable pricing to customers, ultimately impacting procurement decisions and slowing market expansion in certain economies.

MARKET OPPORTUNITIES

Growth of Electric Vehicle Charging Infrastructure

The rapid expansion of electric vehicle (EV) charging infrastructure across the Asia Pacific presents a substantial opportunity for the cable accessories market. Governments in the region are aggressively promoting electrification of transport to curb emissions and reduce dependence on fossil fuels. According to BloombergNEF, EV sales in the Asia Pacific grew by 45% in 2023 compared to the previous year, with China accounting for over 60% of total global EV sales.

China alone accounted for over 9 million EV sales in 2023, as outlined by the China Association of Automobile Manufacturers (CAAM). To support this surge, the country expanded its public EV charging network to more than 7.6 million stations by the end of 2023, representing a 93% year-on-year increase. These charging stations require specialized high-current connectors, cable glands, and waterproof termination kits to ensure safe and efficient power delivery.

India is also accelerating its EV infrastructure rollout under the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme. As per NITI Aayog, India plans to install 2.7 million public and semi-public EV charging points by 2026. This initiative will drive demand for DC fast-charging compatible accessories, particularly in commercial hubs and metro cities.

Southeast Asia is witnessing similar trends. Thailand’s government announced a THB 15 billion ($420 million) incentive package in 2023 to encourage EV manufacturing and charging station deployment. Malaysia and Indonesia are following suit, integrating EV-ready infrastructure into urban mobility plans. Collectively, these developments are creating fresh avenues for cable accessory manufacturers to innovate and cater to a dynamic and growing market segment.

Increasing Deployment of 5G Networks

The widespread rollout of 5G networks across the Asia Pacific is unlocking new opportunities for cable accessories, particularly those used in fiber optic and data communication applications. Telecommunications operators are investing heavily in upgrading existing infrastructure to support ultra-fast connectivity, low latency, and massive device density. According to the GSMA Intelligence Mobile Economy Report 2023, the Asia Pacific region accounted for over 50% of global 5G connections by the end of 2023, with China, South Korea, and Japan leading the charge. In Southeast Asia, countries like Malaysia and the Philippines are accelerating 5G rollouts through strategic partnerships with global telecom equipment providers.

MARKET CHALLENGES

Supply Chain Disruptions and Logistics Constraints

Supply chain bottlenecks continue to challenge the steady growth of the Asia Pacific cable accessories market. The region, despite being a manufacturing powerhouse, faces logistical inefficiencies due to port congestion, labor shortages, and fluctuating freight rates. According to the World Shipping Council, global container shipping delays persisted well into 2023, with average vessel waiting times at major ports in China and Southeast Asia increasing by up to 30% compared to pre-pandemic levels. These disruptions impact the timely availability of raw materials such as copper, aluminum, and polymer resins, which are critical for producing connectors, insulators, and protective casings.

In India, inadequate last-mile logistics infrastructure remains a persistent issue. Data from the Ministry of Road Transport and Highways indicated that approximately 40% of goods transported within the country experience delays due to poor road conditions and inefficient intermodal coordination. This affects both domestic producers and importers relying on just-in-time inventory models.

Meanwhile, in Southeast Asia, air freight costs remain elevated. The International Air Transport Association (IATA) reported that cargo freight rates from Hong Kong to major destinations in the region were still 15–20% higher in 2023 than they were in 2019. These increased transportation expenses complicate pricing strategies for manufacturers and distributors alike.

Intense Competitive Pressure and Pricing Pressures

The Asia Pacific cable accessories market is characterized by intense competition among domestic and international players, leading to persistent downward pressure on pricing. Local manufacturers in countries such as China, India, and Vietnam operate at lower cost bases, offering competitively priced products that often undercut international suppliers. According to India Brand Equity Foundation (IBEF), the Indian cable and wire industry comprises over 2,500 manufacturers, many of whom engage in aggressive price wars to capture market share.

China, the largest exporter of cable accessories globally, benefits from economies of scale and state-backed industrial clusters concentrated in regions like Jiangsu and Zhejiang. Chinese manufacturers frequently offer discounts of up to 20–30% compared to Western counterparts, making it difficult for premium brands to justify higher price tags without clear differentiation. The China General Chamber of Commerce reported that export volumes from the cable sector exceeded 2.1 million tons in 2023, reinforcing the dominance of cost-led players.

Price sensitivity is particularly acute in government tenders, where bids are often awarded based primarily on the lowest quotation rather than product performance or longevity. This scenario encourages subpar quality offerings and undermines long-term reliability standards. Consequently, even established global brands face difficulties in securing contracts unless they adapt their pricing structures—a move that can erode profitability and limit scope for technological advancement within the broader market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

By Voltage Level Insights

The low voltage segment dominated the Asia Pacific cable accessories market with 52.4% of the total share in 2024 with the extensive deployment of low voltage systems in residential, commercial, and industrial applications across the region. According to the International Energy Agency (IEA), over 70% of electricity distribution in urban areas across Asia Pacific operates at or below 1 kV , making low voltage infrastructure a foundational component of power delivery networks. Urbanization and infrastructure expansion—especially in emerging economies like India and Indonesia—are key drivers of this segment. Additionally, the proliferation of renewable energy projects—particularly rooftop solar installations—has boosted demand for low voltage cabling and accessories. China's National Energy Administration indicated that over 60 GW of distributed solar capacity was installed in the country by 2023 , all requiring low voltage integration solutions.

The high voltage segment is anticipated to grow with a CAGR of 8.4% during 2025-2033. This growth is being propelled by increased investments in long-distance power transmission infrastructure and offshore wind energy projects in countries such as China, India, and Australia. China has been leading this expansion, accounting for nearly 40% of global HVDC (High-Voltage Direct Current) installations , according to the Global Wind Energy Council (GWEC). The country’s State Grid Corporation announced in 2023 that it had commissioned an additional 60 GW of ultra-high-voltage transmission capacity , all of which requires specialized cable accessories such as terminations, joints, and insulation components designed to withstand extreme electrical stress. India is following suit, with Power Grid Corporation planning to invest INR 1.5 lakh crore ($18 billion) over the next five years on strengthening its interstate transmission network. A significant portion of this investment involves setting up new 765 kV transmission lines , which depend heavily on high voltage-rated cable accessories.

By Location of Deployment Insights

The overhead segment was the largest by capturing 44.3% of the Asia Pacific cable accessories market share in 2024 with the widespread adoption of overhead power distribution systems in both developed and developing economies across the region. According to the Asia-Pacific Economic Cooperation (APEC) Energy Working Group, nearly 65% of electricity distribution in Southeast Asia and South Asia is still carried out via overhead lines by owing to their cost-effectiveness and ease of deployment. In countries like India and Indonesia, where the demand for rapid electrification remains high, overhead systems continue to be the preferred solution for extending grid access to remote and rural areas. The Indian Ministry of Power reported that around 85% of the national distribution network comprises overhead conductors, which is requiring regular installation and replacement of associated accessories such as clamps, insulators, and connectors.

The submarine segment is likely to grow with a CAGR of 9.1% during the forecast period. This surge is largely driven by the increasing number of offshore wind farms and cross-border interconnector projects aimed at enhancing regional energy security and supporting renewable energy integration. Japan and South Korea are accelerating their offshore wind ambitions. Japan’s Ministry of Economy, Trade and Industry (METI) outlined a plan to install 10 GW of offshore wind by 2030 , while South Korea aims for 12 GW by 2030 , backed by KRW 43 trillion ($33 billion) in investment commitments. Both nations are heavily reliant on submarine cabling infrastructure to connect distant wind farms to mainland grids. Additionally, cross-border power interconnection projects, such as the proposed ASEAN Power Grid initiative , are gaining momentum, necessitating long-distance underwater transmission lines.

COUNTRY LEVEL ANALYSIS

China was the largest contributor of the Asia Pacific cable accessories market with 32.4% of the share in 2024. The country’s expansive industrial base, aggressive urbanization policies, and massive investments in renewable energy have cemented its status as the primary demand driver for cable accessories. China’s leadership in offshore wind development is another critical factor. The Global Wind Energy Council noted that the country added over 5 GW of offshore wind capacity in 2023 , necessitating advanced submarine cable accessories capable of withstanding high-pressure marine environments. Additionally, the government’s push for smart city development has led to heightened investments in fiber optic infrastructure, further reinforcing accessory demand.

India was positioned second by capturing 18.2% of the Asia Pacific cable accessories market share in 2024. The nation’s rapid economic expansion, coupled with a strong emphasis on electrification and digital connectivity, is driving sustained demand for high-quality cable management solutions. The Ministry of Power reported that India added over 145 GW of new generation capacity between 2020 and 2023 , including both conventional and renewable sources. This expansion has necessitated extensive upgrades to the transmission and distribution infrastructure, particularly in rural and semi-urban regions. Under initiatives such as the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), the government sanctioned INR 73,000 crore ($9 billion) to strengthen rural electrification, resulting in increased demand for LV and MV cable accessories.

Simultaneously, India's renewable energy push is shaping market dynamics. According to the Ministry of New and Renewable Energy, the country installed over 30 GW of renewable energy between 2021 and 2023 , requiring dedicated cabling infrastructure integrated with compatible accessories. Moreover, the Smart Cities Mission has spurred large-scale deployment of fiber optic networks, elevating requirements for structured cabling and related components.

Japan cable accessories market is likely to have lucrative growth opportunities with te country’s mature energy ecosystem, combined with its focus on resilient infrastructure and technological innovation, continues to drive steady demand for high-performance cable accessories.

One of the major drivers is Japan’s commitment to decarbonization and grid modernization. The Ministry of Economy, Trade and Industry (METI) reported that the country allocated JPY 3 trillion ($20 billion) between 2021 and 2023 toward upgrading transmission infrastructure to accommodate higher shares of renewable energy. Offshore wind development is central to this strategy, with METI projecting 10 GW of offshore wind capacity by 2030 , significantly boosting demand for submarine cable accessories.

Furthermore, Japan’s Society 5.0 initiative, which integrates IoT, AI, and big data into everyday life, has spurred investments in high-speed communication networks. According to the Ministry of Internal Affairs and Communications, fiber optic penetration in Japanese households reached over 90% by 2023 , demonstrating the country’s advanced telecom infrastructure. This level of digital maturity supports consistent demand for optical fiber connectors, splice closures, and protective enclosures.

South Korea cable accessories market growth is due to the technologically advanced and strategically important player. The country’s well-developed energy and telecommunications infrastructure, along with ambitious green transition goals, are key contributors to market growth. Another major growth avenue is the country’s investment in 5G and smart infrastructure. These deployments rely heavily on fiber optic backhaul systems, thereby stimulating demand for optical connectors, patch cords, and distribution frames.

Australia cable accessories market is steadily growing with investments in energy transition and grid modernization. Positioned as a resource-rich economy with ambitious clean energy targets, Australia is increasingly dependent on advanced cabling infrastructure to support both traditional and renewable power generation.

The Australian Energy Market Operator (AEMO) reported that the country added over 6 GW of new renewable energy capacity between 2021 and 2023 from solar and wind sources. This shift necessitates extensive upgrades to transmission networks and the deployment of high-capacity cable accessories suited for long-distance power transport.

KEY MARKET PLAYERS AND COMPETITIVE LANDSCAPE

Companies playing a prominent role in the Asia Pacific Cable Accessories Market are Yazaki Corporation, Huawei Technologies Co. Ltd, Sumitomo Wiring Systems Ltd., Korea Electric Terminal Co., Ltd., Yazaki, JAE, J.S.T, Foxconn, Luxshare.

The competition in the Asia Pacific cable accessories market is characterized by a mix of global giants and regionally strong players, all vying for dominance through innovation, localization, and strategic expansion. The market exhibits a fragmented structure, with both multinational corporations and domestic manufacturers competing across various voltage levels and application sectors. While international firms bring in advanced technologies and global best practices, local producers leverage cost advantages and proximity to customers to secure significant market shares. This dynamic environment fosters continuous product development, service enhancement, and adaptability to regional regulatory frameworks. Additionally, rising infrastructure investments and the push toward renewable energy integration are intensifying competition, compelling companies to differentiate themselves through superior product performance, customized solutions, and efficient after-sales support. As urbanization accelerates and digital transformation gains momentum across the region, the race for market leadership is expected to become even more competitive in the coming years.

Top Players in the Market

Prysmian Group

Prysmian Group, an Italian multinational corporation, is a global leader in the design, manufacture, and supply of cables and cable accessories for energy and telecommunications applications. In the Asia Pacific market, Prysmian has established a strong presence through its strategic partnerships and localized production units. The company offers a wide range of high-voltage and medium-voltage cable accessories tailored to meet the region’s evolving infrastructure demands. Recognized for its innovation and commitment to sustainability, Prysmian plays a pivotal role in enabling grid modernization and renewable energy integration across key markets such as China, India, and Australia.

Nexans SA

Nexans is a leading French manufacturer known for its expertise in designing and producing high-performance cable solutions and related accessories. The company's focus on digitalization, product customization, and environmental responsibility positions it as a preferred supplier for critical infrastructure developments. Nexans contributes significantly to the regional market by delivering advanced cable accessories that support smart grids, data centers, and offshore wind installations, particularly in Japan, South Korea, and Southeast Asia.

Sumitomo Electric Industries, Ltd.

Sumitomo Electric is one of Japan’s most prominent manufacturers of electrical and optical fiber cables, along with a comprehensive suite of cable accessories. The company has a dominant presence across the Asia Pacific due to its long-standing reputation for quality, reliability, and technological advancement. Its cable accessories are integral to power distribution, railway systems, automotive wiring, and high-speed communication networks.

Top Strategies Used by Key Market Participants

A primary strategy adopted by leading companies in the Asia Pacific cable accessories market is product innovation and technological differentiation . Firms are investing heavily in research and development to introduce next-generation accessories that offer enhanced performance, safety, and durability. These innovations are aligned with evolving industry standards and application-specific requirements, allowing companies to cater to niche segments such as renewable energy and smart infrastructure.

Another key approach is strategic collaborations and partnerships . Many market participants engage in joint ventures, alliances, and technology-sharing agreements to strengthen their regional presence and expand their customer base. These collaborations often involve local manufacturers or engineering firms, helping global players navigate regulatory complexities and better understand regional demand patterns.

RECENT HAPPENINGS IN THE MARKET

• In February 2024 , Prysmian Group announced a strategic partnership with a leading Japanese utility provider to co-develop high-voltage cable accessories tailored for offshore wind farms. This initiative aims to enhance technical capabilities and align with Japan’s renewable energy goals.
• In May 2024 , Nexans expanded its manufacturing facility in Thailand to increase production capacity for medium-voltage cable accessories. This move supports growing demand in Southeast Asia’s industrial and commercial sectors while improving logistics efficiency across the region.
• In August 2024 , Sumitomo Electric launched a new line of eco-friendly cable terminations designed for smart grid applications in India. The product launch reflects the company’s commitment to sustainability and addresses increasing demand for reliable and environmentally responsible components.
• In November 2024 , LS Cable & System established a joint venture with an Australian energy firm to develop submarine cable accessories for upcoming interconnector projects. This collaboration enhances LS Cable’s access to the Oceania market and strengthens its offshore portfolio.
• In March 2025 , Furukawa Electric opened a regional innovation center in Singapore to accelerate R&D efforts in optical fiber cable accessories. The center focuses on developing next-generation solutions for data centers and 5G infrastructure across the Asia Pacific.

MARKET SEGMENTATION

This research report on the asia pacific cable accessories market has been segmented and sub-segmented into the following.

By Voltage Level

• Low
• Medium
• High

By Location of Deployment

• Overhead
• Underground
• Submarine

By Country

• China
• India
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Indonesia
• Philippines
• Vietnam
• Singapore
• Rest of APAC