The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global low voltage cable market was valued at US$ 56.4 Billion in 2020.
We expect the global low voltage cable market to exhibit a CAGR of 4.5% during 2021-2026.
The rising incorporation of smart grid networks, along with the growing need for uninterrupted power supply represent some of the factors catalyzing the global low voltage cable market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units of low voltage cables, thereby negatively impacting the market growth.
Based on the installation type, the global low voltage cable market can be segregated into overhead installation and underground installation, where overhead installation segment currently holds the majority of the total market share.
Based on the material, the global low voltage cable market has been bifurcated into copper and aluminum. Currently, copper represents the largest segment.
Based on the end-user, the global low voltage cable market can be categorized into industrial, infrastructure, renewables, solar, and wind. Among these, the industrial segment currently 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 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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at