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The global low voltage cable market was valued at US$ 102.5 Billion in 2021.
We expect the global low voltage cable market to exhibit a CAGR of 6.3% during 2022-2027.
The rising incorporation of smart grid networks, along with growing demand for uninterrupted power
supply, is primarily driving the global low voltage cable market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous manufacturing units
for low voltage cables.
Based on the installation type, the global low voltage cable market can be segmented into overhead and
underground. Currently, overhead installation holds the majority of the total market share.
Based on the material, the global low voltage cable market has been divided into copper and aluminum,
where aluminum currently exhibits a clear dominance in the market.
Based on the overhead product, the global low voltage cable market can be categorized into conductors,
fittings and fixtures, and others. Currently, conductors account for the majority of the global market
Based on the underground product, the global low voltage cable market has been segregated into PVC
cables, XLPE cables, cable terminations, cable joints, and others. Among these, XLPE cables currently
hold the largest market share.
Based on the end user, the global low voltage cable market can be bifurcated into infrastructure,
industrial, and renewables. Currently, the industrial sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East
and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global low voltage cable market include 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.
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