Prysmian Group
Prysmian Group is the world's largest cable manufacturer, producing energy and telecom cable systems for utilities, grid operators, offshore wind developers, hyperscale data centers, and industrial customers across more than 50 countries.
- Company typePublic
- Founded2005
- HeadquartersMilan, Italy
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Prysmian Group firmographics
Firmographics- Name
- Prysmian Group
- Legal name
- Prysmian S.p.A.
- Website
- https://prysmian.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Prysmian Group is the world's largest cable manufacturer, producing energy and telecom cable systems for utilities, grid operators, offshore wind developers, hyperscale data centers, and industrial customers across more than 50 countries.
- Ownership category
- akta.pro rank
Prysmian Group industry classification
Industry- Product category
- Energy & Telecom Cable Systems
- NAICS
- Communication and Energy Wire and Cable Manufacturing (33592), Fiber Optic Cable Manufacturing (335921), Other Communication and Energy Wire Manufacturing (335929), Electrical Equipment Manufacturing (33531), Wiring Device Manufacturing (33593)
- SIC
- Electric Lighting & Wiring Equipment (3640), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Computer Communications Equipment (3576)
- akta.pro primary industry
- Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)
- akta.pro secondary industries
- Cable Management & Pathways (Racks/Panels/Trays/Conduits/Organizers) (HDAFALAH), Cable Glands, Sealing & Strain-Relief (glands, grommets, seals, cord grips, strain relief) (IMAGAEAI), Cable Accessories & Terminations (Lugs/Glands/Heat-Shrink/Splices) (IMADAMAL)
Keywords
Where Prysmian Group is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Offices7 records
Markets served
Prysmian Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Power Transmission Projects: Large-scale submarine and land-based HVDC/HVAC cable installation projects for grid interconnections, offshore wind connections, and national grid upgrades. Revenue recognized over project duration with multi-year backlog.
- Power Grid Products: Medium and low voltage cables for power distribution, overhead lines, and building wire products. Revenue from sale of standardized cable products to utilities, construction contractors, and industrial customers.
- Digital Solutions: Optical fiber cables, connectivity products, and enterprise network solutions for telecom operators and data centers. Growing segment driven by AI infrastructure demand with expected revenue exceeding $5 billion over three years from hyperscaler deals.
- Electrification Products: Industrial cables, mining cables, automotive cables, and specialty cables for construction, transportation, and industrial applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Medium-voltage power distribution cables for utilities |
| Outcome Based/ Performance | Multi-year contract | Power grid infrastructure projects |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Prysmian Group product offering
Product offeringCore offering
Prysmian Group manufactures and installs energy and telecom cable systems, including submarine and land-based HVDC power transmission cables, HVAC underground and overhead distribution cables, optical fiber cables, and connectivity solutions. The company also provides asset monitoring systems and EV charging cables, serving utilities, grid operators, telecom carriers, offshore wind developers, and industrial customers across 50+ countries.
Product overview
Prysmian Group operates as a global leader in cable solutions, evolving from a cable manufacturer to an integrated solutions provider. The portfolio is organized around five core Business Units: Transmission (submarine and land-based power cable systems for long-distance interconnections), Digital Solutions (optical fibre, connectivity, telecom networks, and enterprise solutions), Power Grid (HVAC underground, overhead lines, and distribution infrastructure), Electrification (industrial and construction cables), and Asset Monitoring Systems (digital predictive maintenance solutions including Pry-Cam, PryID, Alesea, All-Ground, EOSS, and Elaspeed S). Key product sub-brands include SiroccoEXTREME/SiroccoHD microduct fibre cables with record fibre density, Sirocco HYBRID combined power/data cables, P-Laser 100% recyclable HVDC technology, PRYCHARGE EV charging cables, and the E-PATH eco-label. Mining solutions encompass Anaconda, AIRGUARD, Bostrig Type P, ezLINK, Protolon/Protomont, and TECK/VertiTECK cables. Strategic acquisitions include Encore Wire (US building wire), Warren & Brown (Australian telecom connectivity for FTTA/FTTH/Data Centre), and Xtera/ACSM (submarine cable services). The Leonardo da Vinci cable-laying vessel enables deepwater installation beyond 3,000 metres. Sustainability innovations include the world's first negative-carbon-footprint cable absorbing 1 tonne CO2 per kilometre, and partnerships for hollow-core fibre (Relativity Networks) and low-carbon aluminum (Rio Tinto ELYSIS).
Differentiator
Problem solved
Functional benefit
Brands
- P-Laser: Proprietary thermoplastic recyclable cable technology for HVDC applications
- E3X
- Sirocco Extreme
- Prycam
- Leonardo da Vinci
- PRYCHARGE
- E-Path
- ELYSIS
Products and services
- Transmission Cable Systems High-voltage submarine and land-based power transmission cable systems for long-distance grid interconnections, including HVDC and HVAC projects for utilities, grid operators, and offshore wind developers.
- Power Grid Cables Medium and low voltage power distribution cables, HVAC underground cables, overhead line conductors, and power distribution systems for utilities, grid operators, and distribution network operators.
- Digital Solutions (Optical Fiber & Connectivity) Optical fiber cables, connectivity components, telecom network solutions, and multimedia/enterprise network products for telecom operators, hyperscale data centers, and broadband infrastructure deployments.
- Electrification Cables Industrial cables, building wire, construction cables, mining cables, and specialty cables for transportation, oil and gas, and other industrial sectors.
- Asset Monitoring Systems & Electronics Digital monitoring, diagnostic, and predictive maintenance solutions including Pry-Cam, PryID, Alesea, All-Ground, EOSS, and Elaspeed S systems for power grid and cable infrastructure monitoring.
- P-Laser HVDC Cable Technology 100% recyclable thermoplastic HVDC cable technology offering enhanced thermal performance and 30% lower CO2 emissions in production compared to conventional cables.
- SiroccoEXTREME Microduct Cables High-density microduct optical fiber cables providing record fiber density for FTTH, data center, and telecom network applications.
- PRYCHARGE EV Charging Cables EV charging cables for AC and DC charging of electric and hybrid vehicles, designed for residential and commercial charging stations with cold-weather performance.
- Leonardo da Vinci Cable-Laying Vessel Services Cable-laying vessel services for submarine cable installation at depths exceeding 3,000 meters, supporting HVDC interconnections and offshore wind export cable deployment.
- Mining Cable Solutions Specialty power and trailing cables for harsh surface and underground mining environments, including Anaconda, AIRGUARD, Bostrig Type P, ezLINK, Protolon/Protomont, and TECK/VertiTECK product lines.
- Encore Wire Building Wire Products US-manufactured low-voltage and building wire products for construction, residential, commercial, and industrial markets in North America.
- Warren & Brown Connectivity Solutions Telecommunication connectivity products specializing in FTTA (Fibre to the Antenna), FTTH (Fibre to the Home), and Data Centre solutions for telecom operators and broadband deployments.
Quantifiable outcome
- 48% of revenues from low carbon enabling products
- +5 more outcomes
Companies that use Prysmian Group
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles5 records
Prysmian Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Prysmian Group partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor, core and strategic.
- UNICEF GigaminorPartnership with UNICEF's Giga initiative to expand school connectivity globally. Prysmian provides cable solutions to support school connectivity projects as part of global education infrastructure development.
- Ufinet BrasilcorePartnership to deploy 30 km underground network in Alphaville, São Paulo for hyperscale data centre interconnectivity. Uses Prysmian's SiroccoHD solution enabling 432 optical fibres in single microduct. Reuses existing duct infrastructure to reduce social impact.
- ELYSIS ConsortiumcoreTechnology partnership for carbon-dioxide-free aluminium smelting using ELYSIS technology. Prysmian and Rio Tinto partnership at Alma smelter in Quebec enables premium data centre infrastructure markets through five-year industrial trials.
- StillstromminorJoint development of offshore charging system for offshore wind sector vessels. Trial scheduled for late 2026 in Esbjerg. Enables hybrid and electric service operation vessels to connect to shore-based clean power, reducing fuel consumption and CO2 emissions. Stillstrom develops offshore charging solutions since 2019.
- Faber GroupminorPartnership with Stillstrom and Prysmian for offshore charging system. Faber Group provides cables and consulting for offshore wind vessel charging infrastructure. Trial in Esbjerg late 2026.
- Rio TintocorePartnership to produce sustainably manufactured aluminum building wire using ELYSIS technology, which eliminates direct greenhouse gas emissions from aluminum smelting. Combines Rio Tinto's low-carbon aluminum from Canadian hydropower with Prysmian's cable manufacturing. Supports Prysmian's Net Zero 2035 target and 55% sustainable sales goal by 2028. Includes five-year supply agreement plus joint development agreement for recycling, product circularity, and traceability.
- Xtera (Joint Venture)coreJoint venture (80% Prysmian, 20% Fincantieri) to acquire Xtera Limited for approximately €55-65 million enterprise value. Enables turnkey submarine telecom solutions spanning manufacturing, installation, and security services. Expected to close Q1 2026 pending regulatory approval. Fills key technological gap through optical repeaters for vertical integration.
- Versalis (Eni)coreStrategic partnership to recycle plastic cable scrap through Versalis' Hoop chemical recycling technology at Mantua plant. First pilot project launches H2 2026. Approximately 60% of XLPE scrap expected to be repurposed into pyrolysis oil for new cable production. First time cross-linked cable with all polymeric layers can be chemically recycled at scale in cable industry.
- Relativity NetworksstrategicInvestment and partnership for hollow-core optical fiber innovation targeting data center applications. Supports expansion into AI infrastructure connectivity solutions.
Scale indicators17 records
Recent moves6 records
Expansion highlights6 records
Prysmian Group competitors and assessment
Company assessmentDirect peers
- NKT A/S: Danish cable manufacturer specializing in high-voltage and submarine power cables; competes with Prysmian on European HVDC interconnectors and offshore wind export cables, and is one of the three European players (with Prysmian and Nexans) controlling ~65% of the global submarine cable market.
- Corning Incorporated: U.S. specialty glass and ceramics leader that is the dominant optical fiber and cable manufacturer globally; competes directly with Prysmian's SiroccoEXTREME microduct cables in the BEAD broadband program and hyperscaler data center fiber markets.
- Furukawa Electric: Japanese manufacturer of optical fiber, submarine telecom cables, and power cables; a direct peer in the fiber optic and submarine telecom segments where Prysmian competes through the Sirocco family of products and the Xtera JV.
- Nexans: French global cable manufacturer and Prysmian's closest direct competitor across submarine power cables, land HVDC/HVAC, and telecom fiber; competes head-to-head on European interconnectors and offshore wind projects, with EBITDA roughly one-third of Prysmian's.
- Sumitomo Electric Industries: Japanese industrial conglomerate with a major wire and cable business covering power transmission, submarine HVDC, and optical fiber; competes with Prysmian on Asian interconnector tenders and supplies its own cable-laying capability for deepwater projects.
- LS Cable & System: Korean cable manufacturer competing with Prysmian on submarine HVDC interconnectors (notably in Asia) and high-voltage land cables; an expanding global player that secured a major U.K. HVDC link award and is investing in additional cable-laying capacity.
Emerging players
- Hengtong Optic-Electric: Chinese cable and optical fiber manufacturer rapidly expanding in submarine power cables and global fiber markets; competes with Prysmian on cost-sensitive tenders and represents the principal Asian capacity threat to Prysmian's pricing on standard HV projects.
Broad incumbents
- Belden Inc. U.S. specialty cable and networking solutions provider focused on industrial, broadcast, and enterprise markets; an adjacent incumbent whose industrial and signal cable portfolios overlap with Prysmian's Electrification business unit rather than its submarine/franchise power business.
- Leoni AG: German wire and cable manufacturer specializing in automotive, industrial, and specialty cables; competes with Prysmian's Electrification segment and EV charging cable portfolio (PRYCHARGE), though at smaller scale and narrower scope.
- CommScope Holding Company: U.S. global infrastructure provider for communications networks, including fiber optic cabling, connectivity, and data center solutions; an adjacent incumbent that competes with Prysmian Digital Solutions in broadband, FTTH, and data center cabling.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Prysmian Group social profiles
Digital presencePrysmian Group compliance and trust
Trust signalCompliance2 records
Prysmian Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prysmian Group leadership team
Management profileNumber of profiles
Profiles4 records
Prysmian Group subsidiaries and ownership
Company hierarchySubsidiaries8 records
Prysmian Group funding detail
Funding detailFunding overview
Funding rounds6 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prysmian Group M&A and investment
M&A and investmentM&A11 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prysmian Group
What does Prysmian Group do?
Prysmian Group manufactures and installs energy and telecom cable systems, including submarine and land-based HVDC power transmission cables, HVAC underground and overhead distribution cables, optical fiber cables, and connectivity solutions. The company also provides asset monitoring systems and EV charging cables, serving utilities, grid operators, telecom carriers, offshore wind developers, and industrial customers across 50+ countries.
Is Prysmian Group a public or private company?
Prysmian Group is a public company. It is classified as public and is currently operating.
When was Prysmian Group founded?
Prysmian Group was founded in 2005. It employs 5,001 to 10,000 people.
Where is Prysmian Group based?
Prysmian Group is headquartered in Milan, Italy, in the Europe region.
How does Prysmian Group make money?
Four revenue lines are on record. Power Transmission Projects are the primary driver. The others are power Grid Products, digital Solutions and electrification Products.
Who are Prysmian Group's main competitors?
Direct peers on record are NKT A/S, Corning Incorporated, Furukawa Electric, Nexans, Sumitomo Electric Industries and LS Cable & System. Hengtong Optic-Electric is listed as an emerging player. Broad incumbents are Belden Inc., Leoni AG and CommScope Holding Company.
Does Prysmian Group have an API?
No public API is recorded for Prysmian Group.
What industry is Prysmian Group in?
Prysmian Group's product category is Energy & Telecom Cable Systems. Its primary akta.pro industry code is IMAGAAAF, Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware), with a secondary code of HDAFALAH, Cable Management & Pathways (Racks/Panels/Trays/Conduits/Organizers). Its NAICS code is 33592 and its SIC code is 3640.