The Italy power cables market size reached USD 3.92 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.48 Billion by 2033, exhibiting a growth rate (CAGR) of 5.32% during 2025-2033. The market is fueled mainly by the growing adoption of renewable energy sources, the growth of high-performance power cables to provide efficient and reliable energy transmission in different applications, the improving modernization of old energy grids, the expanding need for electric vehicle (EV) charging infrastructure, and the increasing use of smart grid technologies.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2033 |
Historical Years
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2019-2024
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Market Size in 2024 | USD 3.92 Billion |
Market Forecast in 2033 | USD 6.48 Billion |
Market Growth Rate (2025-2033) | 5.32% |
Increasing Focus on Renewable Energy Integration
Increased emphasis on renewable energy integration is a key trend shaping the Italy power cables market outlook, with the country aiming to achieve its climate and sustainability goals. Italy is working toward becoming carbon neutral by 2050 and moving toward its 2030 targets for emission cuts and increased energy efficiency, with a 30% renewable share of total energy consumption and 55% in electricity generation. The demand for high-performance power cables capable of transmitting electricity generated from these alternative sources is increasing as solar and wind power projects become more common. Due to this trend, specialized cables, including submarine and underground cables, are being produced and installed faster than ever before. These cables are required to link offshore wind farms and ensure the efficient transmission of clean energy. It is projected that the increasing demand for energy infrastructure to support the transition to renewable energy would stimulate further investment and innovation in the power cable sector, making Italy a world leader in the green energy economy.
Growing Modernization of Italy’s Aging Energy Grid
The imperative to enhance power transmission efficiency, dependability, and sustainability has led to the Italy power cables market growth. Italy is investing in updating its antiquated infrastructure as the country's need for electricity grows and the incorporation of renewable energy sources becomes imperative. Power lines with high and ultra-high voltages are being used to increase grid capacity and reduce transmission losses. Furthermore, the integration of smart grid technologies facilitates data-driven grid management and real-time monitoring, allowing for a quicker reaction to variations in energy supply. The strategic expansion of Italy's power grid not only bolsters the reliability and sustainability of energy distribution but also significantly drives the demand for advanced power cables, which are crucial for the successful implementation of these modernization efforts.
Increasing Use of Electric Vehicles (EVs)
The increasing adoption of electric vehicles (EVs) and the resultant demand for EV charging infrastructure is a key trend boosting the Italy power cables market share. In January 2025, battery electric vehicles (BEVs) increased to 6,721 units, marking a 132.2% rise from the previous year’s figure of 2,894. Consequently, the market share of electric vehicles increased to 5.0%, surpassing the 2.0% rate recorded in January 2024. Italy currently has a total of 282,902 battery electric vehicles (BEVs) in use. This fast growth of EV charging networks demands strong and durable power cables that can handle high-speed charging while maintaining safety and efficiency. Positive government policies encouraging the widespread adoption of electric vehicles, along with investments by the private sector in charging stations, are fueling an increase in demand for dedicated power cables used for EV charging. This is likely to be sustained as Italy moves towards its decarbonization targets and seeks to create a complete EV charging network, further boosting the market for power cables specifically used for these purposes.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on installation, voltage, end-use sector, and material.
Installation Insights:
The report has provided a detailed breakup and analysis of the market based on the installation. This includes overhead, underground, and submarine cables.
Voltage Insights:
A detailed breakup and analysis of the market based on the voltage has also been provided in the report. This includes high, medium, and low.
End-Use Sector Insights:
A detailed breakup and analysis of the market based on the end-use sector has also been provided in the report. This includes power, oil and gas, chemical, manufacturing, metals and mining, infrastructure, transportation, and others.
Material Insights:
A detailed breakup and analysis of the market based on the material has also been provided in the report. This includes copper and aluminum.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northwest, Northeast, Central, South, and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
February 12, 2024: The acquisition of La Triveneta Cavi, an Italian firm specializing in low-voltage cables, by Nexans, a French cable and optical fiber maker, occurred for an undisclosed sum. It is anticipated that this acquisition will assist Nexans in growing its line of cables and taking advantage of the rising need for fire safety cables.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Installations Covered | Overhead, Underground, Submarine Cables |
Voltages Covered | High, Medium, Low |
End-Use Sectors Covered | Power, Oil and Gas, Chemical, Manufacturing, Metals and Mining, Infrastructure, Transportation, Others |
Materials Covered | Copper, Aluminum |
Regions Covered | Northwest, Northeast, Central, South, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: