Annual Report 2025

Growth & Strategy

Global Investment Drivers of Energy Infrastructure

The energy sector is undergoing a structural transformation. Three key factors are driving global investments in grid infrastructure: decarbonization, exponentially increasing electricity demand, and the expansion of new, higher-capacity grids as well as the modernization of existing networks. These trends show clear regional differences.

Investment Drivers of Energy Infrastructure – Regional Differences

Regions / Growth Trends

Europe

Americas (esp. USA)

Middle East & India

Asia-Pacific

Decarbonization & Energy Independence

+++
Core political agenda, driven by geopolitical changes

0
Neutral – slowed under the current administration

+
Partially relevant
Expansion of renewables is being driven forward

++
Growing, with in some cases strong expansion of renewables

Rising Electricity Demand

+
+2.3% p.a. until 20301, especially for transport and heating

+
+2% p.a. until 20301
AI data centers

+++
+2.8% (ME) / +6.4% (India) p.a. until 20301
Population and industrial growth, AI, climate change

+++
+4.3% (APAC) / +4.9% (China) p.a. until 20301
Urbanization, digitalization

Infrastructure Renewal

+++
aging grids, decentralization

+++
aging grids, grid congestion, decentralization

+
Focus on building new grids

++
Combination of new build & modernization

+++

very strong

++

strong

+

moderate

0

neutral / emerging

1

IEA 2026 Electricity report forecast

Global power grids must become simultaneously more powerful, efficient, and resilient – across both transmission and distribution levels.

  • In transmission grids, HVDC technology is gaining increasing importance, as it enables low-loss and highly efficient energy transmission over long distances with reduced transmission losses.

  • At the same time, the importance of robust distribution networks is growing, for example to connect energy-intensive applications such as AI data centers or to integrate decentralized energy sources.

Implication: Regardless of regional differences, a structurally growing global demand for high-performance grid technology is emerging.

PFISTERER at the Critical Interfaces

PFISTERER is positioned at the key interfaces of the energy infrastructure:

  • Integration of renewable energy into existing and new grids

  • Strengthening of energy independence, particularly through the connection of national and regional energy sources and the reduction of external dependencies

  • Supply of energy-intensive applications (e.g. AI infrastructure, data centers)

  • Modernization and upgrading of existing grid infrastructure

As a cable manufacturer-independent specialist in electrical connection and insulation technology, PFISTERER is a key enabler of global grid expansion.

Implication: Demand for PFISTERER’s solutions is structurally driven by the transformation of energy systems – independent of short-term market cycles.

Strategic Execution Along the Growth Drivers

Focus on High-Growth Markets and Applications

Local presence in dynamic energy markets
  • Opening of a training and installation center in Riyadh as a milestone of the growth strategy

  • Direct support of “Saudi Vision 2030”

  • Expansion of local production in Rochester, USA

  • Strong local presence enhances customer proximity and enables sustainable grid development

→ Consistent positioning in markets with structural demand growth

Expansion of Existing Technological Capabilities

Technological leadership in a key market
  • Successful type testing of a 320 kV HVDC cable system – first independent provider worldwide

  • Establishment of a new HVDC laboratory at the Winterbach headquarters to accelerate innovation and time-to-market

  • Further development of product solutions, including in the OHL segment

Complemented by core technological competencies:
  • Silicone processing (high-performance insulation systems)

  • Metal processing (high-precision conductive components)

  • End-of-line (EoL) testing to ensure maximum quality and reliability

→ Clear focus on addressing the technological bottlenecks of future energy systems

Strengthening Global Presence and Customer Relationships

Customer proximity as a competitive advantage
  • Expansion of a global network of training and service locations

  • Local training and certification of installation teams to ensure highest quality standards

  • Long-standing partnerships with grid operators, cable manufacturers, and industrial customers worldwide

→ Scalable business model with strong customer proximity and global reach

Key Message

Global investment drivers are leading to a sustainable expansion of energy infrastructure – across all regions and voltage levels of energy grids.

Within this development, PFISTERER is positioned at all key interfaces and addresses a structurally growing demand for connection technology.

Investments in our core technological competencies are a key component of our business model. We are continuously developing them in a targeted manner in order to benefit, together with our customers, from the long-term growth opportunities of this market and to meet the increasing technological requirements of modern grids.