Market Overview:
The global low voltage cable market is expected to grow at a CAGR of around 6% during 2019-2024. Low voltage (LV) cables are used for transferring power to electrical equipment that has a small voltage rating. They can handle 50-1000 volts in case of alternating current and between 75-1500 volts of direct current. These cables are manufactured using solid or stranded aluminum and flexible copper conductors. High-quality LV cables are halogen-free, fire-resistant and ensure efficient use of energy, quicker data transfer and seamless operations. LV cables are primarily used for low-stress applications in automation systems, infrastructure, video surveillance, sounds and security alarms, etc.
The rising energy demand and incorporation of smart grid networks across the globe are the key factors driving the growth of the market. The growing need for uninterrupted power supply in various industries has increased power generation, distribution and transmission across various regions, which is resulting in enhanced utilization of LV cables. They are also used in the nacelle of wind turbines to connect the transformer to the low-voltage generator. The rising trend of incorporating renewable energy resources in the power generation process is also expected to drive the market further. There has been a rise in the demand for efficient power transmission equipment that can be integrated with smart devices on account of the burgeoning population, along with growing urbanization and digitalization. Furthermore, smart grids and other power systems use automated electronic hardware and software such as switches, relays and meters that require LV cables as they enable smooth functioning and controlling of the operational processes of the network.
IMARC Group’s latest report provides a deep insight into the global low voltage cable market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the low voltage cable market in any manner.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Installation Type:
- Market Breakup by Material:
- Market Breakup by Overhead Product:
- Conductors
- Fittings and Fixtures
- Others
- Market Breakup by Underground Product:
- PVC Cables
- XLPE Cables
- Cable Terminations
- Cable Joints
- Others
- Market Breakup by End-User:
- Infrastructure
- Commercial and Residential
- Transportation
- Others
- Industrial
- Utilities
- Oil and Gas
- Mining
- Chemicals and Petrochemicals
- Others
- Renewables
- Wind
- Solar
- Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Prysmian Group, Nexans, General Cable, ABB, Sumitomo Electric Industries, NKT, Encore Wire Corporation, Finolex Cables, TE Connectivity, Caledonian Cables, Polycab Wires, Leoni, Southwire, Wanda Group, Hangzhou Cable, etc.
Key Questions Answered in This Report:
The global low voltage cable market was worth around US$ 54 Billion in 2019.
Due to lockdowns implemented by governments of numerous countries to contain the spread of the coronavirus disease (COVID-19), there has been a decline in the industrial and construction activities worldwide. This has negatively impacted the market.
According to the estimates by IMARC Group, the global low voltage cable market will exhibit moderate growth during the next five years.
The escalating demand for energy and uninterrupted power supply across various end use industries represents one of the significant factors bolstering the market growth.
At present, the increasing incorporation of renewable energy resources in the power generation process is acting as a major trend in the market.
The market has been bifurcated on the basis of the installation type into the overhead and underground segments.
Based on the material, the market has been divided into copper and aluminum.
On the basis of the overhead product, the market has been analyzed into conductors, fittings and fixtures, and others.
The market has been analyzed on the basis of the underground product into PVC cables, XLPE cables, cable terminations, cable joints and others.
Based on the end user, the market has been divided into infrastructure (commercial and residential, transportation and others); industrial (utilities, oil and gas, mining, chemicals and petrochemicals, and others) and renewables (wind and solar).
Region-wise, the market has been classified into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa.
Leading industry players are ABB Group, Prysmian S.p.A., Nexans SA, General Cable Corporation, NKT A/S, Encore Wire Corporation, Sumitomo Electric Industries, Ltd., Finolex Cables Ltd., TE Connectivity Corporation, Caledonian Cables Ltd., Polycab India Limited, LEONI AG, WANDA Group, Southwire Company, LLC and Hangzhou DF Cable Co., Ltd.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Low Voltage Cable Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Installation Type
5.4 Market Breakup by Material
5.5 Market Breakup by Overhead Product
5.6 Market Breakup by Underground Product
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Installation Type
6.1 Overhead
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Underground
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Material
7.1 Copper
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Aluminum
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Overhead Product
8.1 Conductors
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Fittings and Fixtures
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Underground Product
9.1 PVC Cables
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 XLPE Cables
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Cable Terminations
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Cable Joints
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by End-User
10.1 Infrastructure
10.1.1 Market Trends
10.1.2 Major End-Use Segments
10.1.2.1 Commercial and Residential
10.1.2.2 Transportation
10.1.2.3 Others
10.1.3 Market Forecast
10.2 Industrial
10.2.1 Market Trends
10.2.2 Major End-Use Segments
10.2.2.1 Utilities
10.2.2.2 Oil and Gas
10.2.2.3 Mining
10.2.2.4 Chemicals and Petrochemicals
10.2.2.5 Others
10.2.3 Market Forecast
10.3 Renewables
10.3.1 Market Trends
10.3.2 Market Breakup by Segment
10.3.2.1 Wind
10.3.2.2 Solar
10.3.3 Market Forecast
11 Market Breakup by Region
11.1 Asia Pacific
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Europe
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 North America
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porter’s Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Prysmian Group
16.3.2 Nexans
16.3.3 General Cable
16.3.4 ABB
16.3.5 Sumitomo Electric Industries
16.3.6 NKT
16.3.7 Encore Wire Corporation
16.3.8 Finolex Cables
16.3.9 TE Connectivity
16.3.10 Caledonian Cables
16.3.11 Polycab Wires
16.3.12 Leoni
16.3.13 Southwire
16.3.14 Wanda Group
16.3.15 Hangzhou Cable
List of Figures
Figure 1: Global: Low Voltage Cable Market: Major Drivers and Challenges
Figure 2: Global: Low Voltage Cable Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Low Voltage Cable Market: Breakup by Installation Type (in %), 2018
Figure 4: Global: Low Voltage Cable Market: Breakup by Material (in %), 2018
Figure 5: Global: Low Voltage Cable Market: Overhead Products Breakup by Type (in %), 2018
Figure 6: Global: Low Voltage Cable Market: Underground Products Breakup by Type (in %), 2018
Figure 7: Global: Low Voltage Cable Market: Breakup by End-User (in %), 2018
Figure 8: Global: Low Voltage Cable Market: Breakup by Region (in %), 2018
Figure 9: Global: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 10: Global: Low Voltage Cable Industry: SWOT Analysis
Figure 11: Global: Low Voltage Cable Industry: Value Chain Analysis
Figure 12: Global: Low Voltage Cable Industry: Porter’s Five Forces Analysis
Figure 13: Global: Low Voltage Cable (Overhead) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 14: Global: Low Voltage Cable (Overhead) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 15: Global: Low Voltage Cable (Underground) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 16: Global: Low Voltage Cable (Underground) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 17: Global: Low Voltage Cable (Copper) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 18: Global: Low Voltage Cable (Copper) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 19: Global: Low Voltage Cable (Aluminum) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 20: Global: Low Voltage Cable (Aluminum) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 21: Global: Low Voltage Cable (Conductors) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 22: Global: Low Voltage Cable (Conductors) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 23: Global: Low Voltage Cable (Fittings and Fixtures) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 24: Global: Low Voltage Cable (Fittings and Fixtures) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 25: Global: Low Voltage Cable (Other Overhead Products) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 26: Global: Low Voltage Cable (Other Overhead Products) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 27: Global: Low Voltage Cable (PVC Cables) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 28: Global: Low Voltage Cable (PVC Cables) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 29: Global: Low Voltage Cable (XLPE Cables) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 30: Global: Low Voltage Cable (XLPE Cables) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 31: Global: Low Voltage Cable (Cable Terminations) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 32: Global: Low Voltage Cable (Cable Terminations) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 33: Global: Low Voltage Cable (Cable Joints) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 34: Global: Low Voltage Cable (Cable Joints) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 35: Global: Low Voltage Cable (Other Underground Products) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 36: Global: Low Voltage Cable (Other Underground Products) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 37: Global: Low Voltage Cable (Infrastructure) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 38: Global: Low Voltage Cable (Infrastructure) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 39: Global: Low Voltage Cable (Industrial) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 40: Global: Low Voltage Cable (Industrial) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 41: Global: Low Voltage Cable (Renewables) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 42: Global: Low Voltage Cable (Renewables) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 43: Asia Pacific: Low Voltage Cable Market: Sales Value (in Billion US$), 2013 & 2018
Figure 44: Asia Pacific: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 45: Europe: Low Voltage Cable Market: Sales Value (in Billion US$), 2013 & 2018
Figure 46: Europe: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 47: North America: Low Voltage Cable Market: Sales Value (in Billion US$), 2013 & 2018
Figure 48: North America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 49: Middle East and Africa: Low Voltage Cable Market: Sales Value (in Billion US$), 2013 & 2018
Figure 50: Middle East and Africa: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 51: Latin America: Low Voltage Cable Market: Sales Value (in Billion US$), 2013 & 2018
Figure 52: Latin America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2019-2024
List of Tables
Table 1: Global: Low Voltage Cable Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Low Voltage Cable Market Forecast: Breakup by Installation Type (in Billion US$), 2019-2024
Table 3: Global: Low Voltage Cable Market Forecast: Breakup by Material (in Billion US$), 2019-2024
Table 4: Global: Low Voltage Cable Market Forecast: Breakup by Overhead Product (in Billion US$), 2019-2024
Table 5: Global: Low Voltage Cable Market Forecast: Breakup by Underground Product (in Billion US$), 2019-2024
Table 6: Global: Low Voltage Cable Market Forecast: Breakup by End-User (in Billion US$), 2019-2024
Table 7: Global: Low Voltage Cable Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 8: Global: Low Voltage Cable Market Structure
Table 9: Global: Low Voltage Cable Market: Key Players