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Low Voltage Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global low voltage cable market size reached US$ 102.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 150.7 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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. 

 

 
 

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global low voltage cable market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on installation type, material, overhead product, underground product and end-user.

Breakup by Installation Type:

 

 
 

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  • Overhead 
  • Underground
     

Breakup by Material:

  • Copper
  • Aluminum
     

Breakup by Overhead Product:

  • Conductors
  • Fittings and Fixtures
  • Others
     

Breakup by Underground Product:

  • PVC Cables
  • XLPE Cables
  • Cable Terminations
  • Cable Joints
  • Others
     

Breakup by End-User:

  • Infrastructure
    • Commercial and Residential
    • Transportation
    • Others
  • Industrial
    • Utilities
    • Oil and Gas
    • Mining
    • Chemicals and Petrochemicals
    • Others
  • Renewables
    • Wind
    • Solar
       

Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Installation Type, Material, Overhead Product, Underground Product, End-User, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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 and Hangzhou Cable
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact of COVID-19
    5.4    Market Breakup by Installation Type
    5.5    Market Breakup by Material
    5.6    Market Breakup by Overhead Product
    5.7    Market Breakup by Underground Product
    5.8    Market Breakup by End-User
    5.9    Market Breakup by Region
    5.10    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$), 2016-2021
Figure 3: Global: Low Voltage Cable Market: Breakup by Installation Type (in %), 2021
Figure 4: Global: Low Voltage Cable Market: Breakup by Material (in %), 2021
Figure 5: Global: Low Voltage Cable Market: Overhead Products Breakup by Type (in %), 2021
Figure 6: Global: Low Voltage Cable Market: Underground Products Breakup by Type (in %), 2021
Figure 7: Global: Low Voltage Cable Market: Breakup by End-User (in %), 2021
Figure 8: Global: Low Voltage Cable Market: Breakup by Region (in %), 2021
Figure 9: Global: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 14: Global: Low Voltage Cable (Overhead) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Low Voltage Cable (Underground) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Low Voltage Cable (Underground) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Low Voltage Cable (Copper) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Low Voltage Cable (Copper) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 19: Global: Low Voltage Cable (Aluminum) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: Global: Low Voltage Cable (Aluminum) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 21: Global: Low Voltage Cable (Conductors) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: Global: Low Voltage Cable (Conductors) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Global: Low Voltage Cable (Fittings and Fixtures) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: Global: Low Voltage Cable (Fittings and Fixtures) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 25: Global: Low Voltage Cable (Other Overhead Products) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: Global: Low Voltage Cable (Other Overhead Products) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 27: Global: Low Voltage Cable (PVC Cables) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: Global: Low Voltage Cable (PVC Cables) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 29: Global: Low Voltage Cable (XLPE Cables) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: Global: Low Voltage Cable (XLPE Cables) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 31: Global: Low Voltage Cable (Cable Terminations) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: Global: Low Voltage Cable (Cable Terminations) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 33: Global: Low Voltage Cable (Cable Joints) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 34: Global: Low Voltage Cable (Cable Joints) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 35: Global: Low Voltage Cable (Other Underground Products) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 36: Global: Low Voltage Cable (Other Underground Products) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 37: Global: Low Voltage Cable (Infrastructure) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: Global: Low Voltage Cable (Infrastructure) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Global: Low Voltage Cable (Industrial) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Global: Low Voltage Cable (Industrial) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: Global: Low Voltage Cable (Renewables) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: Global: Low Voltage Cable (Renewables) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: Asia Pacific: Low Voltage Cable Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: Asia Pacific: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 45: Europe: Low Voltage Cable Market: Sales Value (in Billion US$), 2016 & 2021
Figure 46: Europe: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 47: North America: Low Voltage Cable Market: Sales Value (in Billion US$), 2016 & 2021
Figure 48: North America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 49: Middle East and Africa: Low Voltage Cable Market: Sales Value (in Billion US$), 2016 & 2021
Figure 50: Middle East and Africa: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 51: Latin America: Low Voltage Cable Market: Sales Value (in Billion US$), 2016 & 2021
Figure 52: Latin America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2022-2027

List of Tables

Table 1: Global: Low Voltage Cable Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Low Voltage Cable Market Forecast: Breakup by Installation Type (in Billion US$), 2022-2027
Table 3: Global: Low Voltage Cable Market Forecast: Breakup by Material (in Billion US$), 2022-2027
Table 4: Global: Low Voltage Cable Market Forecast: Breakup by Overhead Product (in Billion US$), 2022-2027
Table 5: Global: Low Voltage Cable Market Forecast: Breakup by Underground Product (in Billion US$), 2022-2027
Table 6: Global: Low Voltage Cable Market Forecast: Breakup by End-User (in Billion US$), 2022-2027
Table 7: Global: Low Voltage Cable Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 8: Global: Low Voltage Cable Market Structure
Table 9: Global: Low Voltage Cable Market: Key Players


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Key Questions Answered in This Report

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
share.

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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