Multi Core Armored Cable Market Research Report By Construction (Copper Conductor, Aluminum Conductor, Single Shield, Double Shield, Tape Shielding, Braid Shielding), By Voltage Level (Low Voltage (LV) - Up to 1 kV, Medium Voltage (MV) - From 1 kV to 35 kV, High Voltage (HV) - Above 35 kV), By Application (Power Transmission, Distribution, Industrial, Commercial, Residential), By Armoring Material (Steel, Aluminum, Fiber), By Installation Type (Underground, Aerial, Submersible) and By Regional (North America, Europe, South America, Asia Pac

Global Multi Core Armored Cable Market Overview:

As per MRFR analysis, the Multi Core Armored Cable Market Size was estimated at 5.52 (USD Billion) in 2022. The Multi Core Armored Cable Market Industry is expected to grow from 5.82 (USD Billion) in 2023 to 9.4 (USD Billion) by 2032. The Multi Core Armored Cable Market CAGR (growth rate) is expected to be around 5.48% during the forecast period (2024 - 2032).

Key Multi Core Armored Cable Market Trends Highlighted

Multi-core armored cables are gaining significant traction in various industries due to their enhanced protection against electromagnetic interference, mechanical damage, and extreme weather conditions. The demand for these cables is driven by the rising adoption of smart grid technologies, automation systems, and electric vehicles.The growing need for reliable and efficient power distribution in urban areas and industrial facilities is driving the adoption of multi-core armored cables. These cables offer improved safety and reduced maintenance costs compared to traditional cables. The increasing use of fiber optic communication in telecommunication networks is also contributing to the market growth, as multi-core armored cables provide both power and data transmission capabilities.Recent trends in the market include the development of cables with higher core counts, improved flexibility, and resistance to harsh environments. The increasing adoption of renewable energy sources, such as solar and wind power, is also driving the demand for multi-core armored cables for grid interconnection and distribution networks.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Multi Core Armored Cable Market Drivers

Increasing Demand for Reliable and Secure Power Transmission

The growing demand for reliable and secure power transmission is a key driver for the growth of the global multi core armored cable market. Armored cables are designed to protect electrical cables from damage caused by external factors such as mechanical stress, moisture, and rodents. They are commonly used in underground installations, hazardous areas, and industrial applications where there is a high risk of cable damage. The increasing adoption of armored cables in these applications is expected to drive market growth in the coming years.Additionally, the growing demand for power transmission in remote areas and developing countries is also contributing to the market growth, as armored cables are well-suited for these applications due to their durability and resistance to harsh conditions.

Rapid Urbanization and Industrialization

Rapid urbanization and industrialization are major factors driving the growth of the global multi core armored cable market. The increasing population density and the expansion of industrial activities in urban areas are leading to a higher demand for reliable and efficient power transmission and distribution networks. Armored cables are ideally suited for use in urban environments, as they can withstand the harsh conditions and mechanical stresses associated with underground installations and construction activities.Additionally, the growing demand for electricity in industrial applications, such as manufacturing, data centers, and transportation, is also contributing to the market growth for multi core armored cables.

Government Regulations and Safety Standards

Government regulations and safety standards related to electrical installations are also driving the growth of the global multi core armored cable market. In many countries, the use of armored cables is mandatory in certain applications, such as underground installations, hazardous areas, and public buildings. These regulations are designed to ensure the safety and reliability of electrical installations, and they have led to a higher demand for armored cables.Additionally, the growing emphasis on energy efficiency and sustainability is also contributing to market growth, as armored cables can help to reduce energy losses and improve the overall efficiency of power transmission and distribution networks.

Multi Core Armored Cable Market Segment Insights:

Multi Core Armored Cable Market Construction Insights

The construction segment is expected to hold a significant share of the global multi core armored cable market in 2023. The increasing demand for multi core armored cables in the construction industry is attributed to their superior durability, flexibility, and ability to withstand harsh environmental conditions. The construction industry is constantly evolving with the introduction of new technologies and materials, which is driving the growth of the multi core armored cable market. The growth of the construction industry is expected to continue in the coming years, driven by increasing population, urbanization, and infrastructure development.This growth is likely to lead to an increased demand for multi core armored cables, as they are essential for the safe and reliable distribution of electricity in construction projects. Additionally, government regulations and safety standards are becoming increasingly stringent, which is driving the demand for high-quality cables that meet these standards. Within the construction segment, copper conductor cables are expected to account for a significant share of the market. Copper is a highly conductive and durable material, making it ideal for use in multi core armored cables.Aluminum conductor cables are also gaining popularity due to their lightweight and cost-effectiveness. Shielding is another important factor to consider when selecting multi core armored cables for construction applications. Single shield cables provide basic protection against electromagnetic interference, while double shield cables offer enhanced protection. Tape shielding and braid shielding are two common types of shielding used in multi core armored cables. The global multi core armored cable market is expected to witness significant growth in the coming years, driven by the increasing demand from the construction industry.Key market players are investing in research and development to improve the performance and efficiency of multi core armored cables. The adoption of advanced technologies and materials is also expected to drive the growth of the market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Multi Core Armored Cable Market Voltage Level Insights

The Global Multi Core Armored Cable Market is segmented by Voltage Level into Low Voltage (LV) - Up to 1 kV, Medium Voltage (MV) - From 1 kV to 35 kV, and High Voltage (HV) - Above 35 kV. The LV segment held the largest market share in 2023, and is expected to continue to dominate the market through 2032. This is due to the increasing demand for LV cables in residential, commercial, and industrial applications. The MV segment is also expected to grow significantly over the forecast period, driven by the increasing demand for MV cables in power distribution networks.The HV segment is expected to witness the highest growth rate over the forecast period due to the growing demand for HV cables in renewable energy projects and long-distance power transmission.

Multi Core Armored Cable Market Application Insights

The application segment plays a crucial role in shaping the Global Multi Core Armored Cable Market landscape. Power transmission, with a significant market share, is poised to remain dominant throughout the forecast period. The increasing demand for reliable and efficient power transmission infrastructure, especially in developing regions, drives this segment's growth. Distribution applications, closely following power transmission, contribute substantially to the market. The growing need for reliable electricity distribution networks to cater to rising energy consumption and urbanization fuels this segment's expansion.Industrial applications emerge as another key segment, driven by the proliferation of industrial automation and the need for robust and safe cable solutions in harsh industrial environments. The rising adoption of automated machinery and robotics further propels this segment's growth. Commercial applications, encompassing offices, retail establishments, and hospitality sectors, present steady growth prospects. The increasing demand for high-quality and reliable cabling solutions in these sectors to support data transmission, lighting, and power distribution contributes to this segment's expansion.Residential applications, while having a smaller market share, offer significant growth potential. The rising demand for smart homes and the increasing adoption of home automation technologies drive this segment's growth. The need for safe and reliable cabling solutions in residential buildings further fuels this segment's expansion.

Multi Core Armored Cable Market Armoring Material Insights

The Global Multi Core Armored Cable Market is segmented into different types based on Armoring Material, which include Steel, Aluminum, and Fiber. Steel: Steel armoring provides robust protection against physical damage, making it an ideal choice for applications in harsh environments such as underground installations or industrial settings. The high strength and durability of steel contribute to its wide adoption in power distribution systems, telecommunication networks, and construction projects. Aluminum: Aluminum armoring offers a lightweight and corrosion-resistant alternative to steel.Its non-magnetic properties make it suitable for use in areas with sensitive electronic equipment or where weight reduction is crucial. Aluminum armored cables are commonly employed in aerospace, marine, and transportation applications. Fiber: Fiber armoring, composed of materials like fiberglass or aramid fibers, provides excellent tensile strength and resistance to abrasion. It is often used in applications where flexibility and lightweight properties are paramount, such as in robotic systems, instrumentation cables, and fiber optic communication networks.The choice of armoring material depends on factors such as the specific application requirements, environmental conditions, and cost considerations. The Global Multi Core Armored Cable Market revenue is expected to grow significantly in the coming years, driven by increasing demand for reliable and protected power distribution and communication networks.

Multi Core Armored Cable Market Installation Type Insight 

Installation Type Segment Insights and Overview The Global Multi Core Armored Cable Market can be segmented by installation type into underground, aerial, and submersible. Underground installation is the most common type, accounting for over 55% of the market share in 2023. This is due to the need for reliable and protected cables for underground power distribution and communication networks. Aerial installation is another significant segment, with a market share of around 25%. Aerial cables are used for overhead power transmission and distribution lines, as well as for telecommunication and data networks.Submersible installation, with a market share of approximately 20%, is used for underwater applications such as offshore oil and gas exploration, marine construction, and underwater communication systems. The demand for submersible cables is expected to grow in the coming years due to the increasing exploration and development of offshore resources.

Multi Core Armored Cable Market Regional Insights

The Global Multi Core Armored Cable Market is fragmented geographically into North America, Europe, APAC, South America, and MEA. Among these regions, North America accounted for the largest revenue share in 2023, owing to the presence of developed economies and the increasing adoption of advanced technologies. The Asia Pacific region is projected to witness the fastest growth during the forecast period due to rapid urbanization and industrialization in countries like China and India. Europe is another significant market for multi core armored cables, with countries like Germany and the United Kingdom being major contributors.South America and MEA are expected to experience steady growth, driven by increasing infrastructure development and electrification projects.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Multi Core Armored Cable Market Key Players And Competitive Insights:

Major players in Multi Core Armored Cable Market are continuously focusing on expanding their product portfolio to fulfill the growing demands of the market. They are also focusing on strategic collaborations and partnerships to strengthen their presence and gain a competitive edge. Leading Multi Core Armored Cable Market players are also investing heavily in research and development activities to develop innovative and improved products to meet the evolving needs of customers. These factors are expected to intensify the competitive landscape, driving Multi Core Armored Cable Market development and innovation.One of the leading companies in the Multi Core Armored Cable Market is Prysmian Group. The company offers a wide range of multi core armored cables, including power cables, control cables, and instrumentation cables. Prysmian Group has a strong global presence with manufacturing facilities in Europe, North America, and Asia. The company is also actively involved in the development of new technologies and has invested heavily in research and development activities.A prominent competitor in the Multi Core Armored Cable Market is Nexans. The company offers a comprehensive range of multi core armored cables, including power cables, control cables, and telecommunication cables. Nexans has a strong global presence with manufacturing facilities in Europe, North America, and Asia. The company is also actively involved in research and development activities and has developed innovative technologies for the production of multi core armored cables.

Key Companies in the Multi Core Armored Cable Market Include:

• LS Cable System


• Polycab India Ltd


• Finolex Cables Ltd


• General Cable Technologies Corporation


• Sumitomo Electric Industries


• Southwire Company


• Havells India Ltd


• Ducab


• KEI Industries


• Nexans


• Furukawa Electric


• NKT Cables


• Prysmian Group


• Eland Cables


• Brugg Cables

Multi Core Armored Cable Market Industry Developments

The Global Multi Core Armored Cable Market is projected to reach USD 9.4 billion by 2032, exhibiting a CAGR of 5.48% during the forecast period (2024-2032). The growth can be attributed to increasing demand for reliable and protected power transmission in various industries, including construction, manufacturing, and energy. The rising adoption of electric vehicles and renewable energy sources is further driving market expansion.Recent developments in the market include the launch of innovative multi-core armored cables with enhanced flexibility and durability. Key players are also focusing on developing cables that meet specific industry requirements, such as those for hazardous environments or high-temperature applications. Mergers and acquisitions among market participants are expected to shape the competitive landscape in the coming years.

Multi Core Armored Cable Market Segmentation Insights

Multi Core Armored Cable Market Construction Outlook

• Copper Conductor


• Aluminum Conductor


• Single Shield


• Double Shield


• Tape Shielding


• Braid Shielding

Multi Core Armored Cable Market Voltage Level Outlook

• Low Voltage (LV) - Up to 1 kV


• Medium Voltage (MV) - From 1 kV to 35 kV


• High Voltage (HV) - Above 35 kV

Multi Core Armored Cable Market Application Outlook

• Power Transmission


• Distribution


• Industrial


• Commercial


• Residential

Multi Core Armored Cable Market Armoring Material Outlook

• Steel


• Aluminum


• Fiber

Multi Core Armored Cable Market Installation Type Outlook

• Underground


• Aerial


• Submersible

Multi Core Armored Cable Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa