Rising demand for electricity networks and AI-driven digital infrastructure is creating new opportunities for the global cable industry
Milan, Italy, 31 July 2026 – The rapid expansion of power grids and data centers is reshaping the global energy and digital infrastructure market. Prysmian, one of the world’s leading cable manufacturers, has raised its financial targets for 2026 after reporting strong business growth. The company credits rising investments in electricity networks, renewable energy connections, and artificial intelligence-driven data centers for its improved outlook.
The increasing use of artificial intelligence is creating a surge in demand for advanced digital infrastructure. AI applications require powerful data centers that can process large amounts of information while maintaining fast and reliable connectivity. These facilities depend on high-quality fiber optic cables and advanced electrical systems, making infrastructure providers an essential part of the digital economy.
At the same time, countries are investing heavily in modernizing power grids. As electricity demand continues to grow and renewable energy sources become more common, existing transmission and distribution networks require significant upgrades. Stronger and smarter grids are needed to deliver reliable power to homes, businesses, industries, and the rapidly expanding number of data centers.
Prysmian’s latest financial performance reflects these industry trends. The company reported strong quarterly revenue growth and increased profitability, prompting it to raise its cash flow and earnings guidance for the year. The improved results highlight how demand for power transmission systems and digital connectivity solutions continues to strengthen across global markets.
One of the fastest-growing parts of the business is its Digital Solutions division. Demand for fiber optic cables, optical connectivity products, and networking infrastructure has increased significantly as cloud computing providers and AI companies expand their facilities. These technologies form the backbone of modern data centers by enabling high-speed communication between servers and networks.
The company is also investing in expanding its manufacturing capacity, particularly for optical fiber production. Increasing production will help meet long-term demand from cloud service providers, hyperscale data centers, and enterprise customers. These investments are expected to strengthen supply chains while supporting future digital infrastructure projects.
Industry experts believe the need for reliable electricity and digital connectivity will continue to grow over the coming years. Artificial intelligence, cloud computing, electric vehicles, smart manufacturing, and digital transformation are all increasing the pressure on existing infrastructure. As a result, governments, utilities, and private companies are investing more in modern power networks and advanced communication systems.
The expansion of data centers also has wider economic benefits. New facilities create demand for construction, engineering, electrical equipment, cooling technologies, and fiber optic networks. This growth supports employment, encourages innovation, and strengthens digital capabilities across multiple industries.
The combination of energy transition and digital transformation is expected to remain a major driver of infrastructure investment. Companies that provide advanced power cables, fiber optic solutions, and grid technologies are likely to play an increasingly important role as nations build smarter energy systems and expand the digital economy.
