According to the latest report by IMARC Group, titled “Low Voltage Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global low voltage cable market reached a value of US$ 56.4 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Low voltage (LV) cable is an essential component of secondary power distribution with less than 1 kV of voltage. It is manufactured from rigid, solid, and stranded copper and aluminum conductors and flexible, bare, or tin-plated copper conductors. The cable is usually insulated and shielded by XLPE, PVC, LSF/LSOH and elastomer compounds. LV cable includes accessories, such as fittings and fixtures, cable joints, cable termination, that aids in overhead and underground installations. These accessories provide additional mechanical protection to the LV cable. LV cable is halogen-free, fire-resistant and energy-efficient, which facilitates quicker data transfer and seamless operations.
The global low voltage cable market is primarily driven by rapid industrialization and the increasing production of renewable power sources. The rising urban population and expanding power generation have improved the electrification rate, resulting in escalated demand for LV cables. Besides this, the flourishing construction industry also incorporates LV cables to enable smooth functioning and control the operational processes. With the rapid digitization, there has been a rise in the use of efficient power transmission equipment that can be integrated with smart devices. Furthermore, various government initiatives to expand and upgrade the transmission and distribution (T&D) systems and promote the use of wind energy are expected to fuel the market growth in the coming years.
Low Voltage Cable Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global low voltage cable market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Sumitomo Electric Industries
Encore Wire Corporation
Key Market Segmentation:
The report has segmented the global low voltage cable market on the basis of installation type, material, overhead product, underground product, end-user and region.
Breakup by Installation Type:
Breakup by Material:
Breakup by Overhead Product:
Fittings and Fixtures
Breakup by Underground Product:
Breakup by End-User:
Breakup by Region:
Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/low-voltage-cable-market
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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