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Low Voltage Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 148 pages | ID: L988DCC0D32EEN
IMARC Group

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The global low voltage cable market size reached US$ 109.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 159.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

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.

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 2023-2028. Our report has categorized the market based on installation type, material, overhead product, underground product and end-user.

Breakup by Installation Type:

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:

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 S.A, General Cable, ABB Group, Sumitomo Electric Industries, NK Communications, Encore Wire Corporation, Finolex Cables, TE Connectivity, Caledonian Cables, Polycab Wires, Leoni AG, Southwire Company, LLC, Wanda Group, Hangzhou Cable, etc.

Key Questions Answered in This Report
1. What was the size of the global low voltage cable market in 2022?
2. What is the expected growth rate of the global low voltage cable market during 2023-2028?
3. What are the key factors driving the global low voltage cable market?
4. What has been the impact of COVID-19 on the global low voltage cable market?
5. What is the breakup of the global low voltage cable market based on the installation type?
6. What is the breakup of the global low voltage cable market based on the material?
7. What is the breakup of the global low voltage cable market based on overhead product?
8. What is the breakup of the global low voltage cable market based on the underground product?
9. What is the breakup of the global low voltage cable market based on the end user?
10. What are the key regions in the global low voltage cable market?
11. Who are the key players/companies in the global low voltage cable market?
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 S.A
  16.3.3 General Cable
  16.3.4 ABB Group
  16.3.5 Sumitomo Electric Industries
  16.3.6 NK Communications
  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 AG
  16.3.13 Southwire Company, LLC
  16.3.14 Wanda Group
  16.3.15 Hangzhou Cable

LIST OF TABLES

Table 1: Global: Low Voltage Cable Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Low Voltage Cable Market Forecast: Breakup by Installation Type (in Billion US$), 2023-2028
Table 3: Global: Low Voltage Cable Market Forecast: Breakup by Material (in Billion US$), 2023-2028
Table 4: Global: Low Voltage Cable Market Forecast: Breakup by Overhead Product (in Billion US$), 2023-2028
Table 5: Global: Low Voltage Cable Market Forecast: Breakup by Underground Product (in Billion US$), 2023-2028
Table 6: Global: Low Voltage Cable Market Forecast: Breakup by End-User (in Billion US$), 2023-2028
Table 7: Global: Low Voltage Cable Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 8: Global: Low Voltage Cable Market Structure
Table 9: Global: Low Voltage Cable Market: Key Players

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$), 2017-2022
Figure 3: Global: Low Voltage Cable Market: Breakup by Installation Type (in %), 2022
Figure 4: Global: Low Voltage Cable Market: Breakup by Material (in %), 2022
Figure 5: Global: Low Voltage Cable Market: Overhead Products Breakup by Type (in %), 2022
Figure 6: Global: Low Voltage Cable Market: Underground Products Breakup by Type (in %), 2022
Figure 7: Global: Low Voltage Cable Market: Breakup by End-User (in %), 2022
Figure 8: Global: Low Voltage Cable Market: Breakup by Region (in %), 2022
Figure 9: Global: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2023-2028
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$), 2017 & 2022
Figure 14: Global: Low Voltage Cable (Overhead) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 15: Global: Low Voltage Cable (Underground) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 16: Global: Low Voltage Cable (Underground) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 17: Global: Low Voltage Cable (Copper) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 18: Global: Low Voltage Cable (Copper) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 19: Global: Low Voltage Cable (Aluminum) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 20: Global: Low Voltage Cable (Aluminum) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 21: Global: Low Voltage Cable (Conductors) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 22: Global: Low Voltage Cable (Conductors) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 23: Global: Low Voltage Cable (Fittings and Fixtures) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 24: Global: Low Voltage Cable (Fittings and Fixtures) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 25: Global: Low Voltage Cable (Other Overhead Products) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 26: Global: Low Voltage Cable (Other Overhead Products) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 27: Global: Low Voltage Cable (PVC Cables) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: Global: Low Voltage Cable (PVC Cables) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 29: Global: Low Voltage Cable (XLPE Cables) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: Global: Low Voltage Cable (XLPE Cables) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 31: Global: Low Voltage Cable (Cable Terminations) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 32: Global: Low Voltage Cable (Cable Terminations) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 33: Global: Low Voltage Cable (Cable Joints) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 34: Global: Low Voltage Cable (Cable Joints) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 35: Global: Low Voltage Cable (Other Underground Products) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 36: Global: Low Voltage Cable (Other Underground Products) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 37: Global: Low Voltage Cable (Infrastructure) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 38: Global: Low Voltage Cable (Infrastructure) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 39: Global: Low Voltage Cable (Industrial) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 40: Global: Low Voltage Cable (Industrial) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 41: Global: Low Voltage Cable (Renewables) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 42: Global: Low Voltage Cable (Renewables) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 43: Asia Pacific: Low Voltage Cable Market: Sales Value (in Billion US$), 2017 & 2022
Figure 44: Asia Pacific: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 45: Europe: Low Voltage Cable Market: Sales Value (in Billion US$), 2017 & 2022
Figure 46: Europe: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 47: North America: Low Voltage Cable Market: Sales Value (in Billion US$), 2017 & 2022
Figure 48: North America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 49: Middle East and Africa: Low Voltage Cable Market: Sales Value (in Billion US$), 2017 & 2022
Figure 50: Middle East and Africa: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 51: Latin America: Low Voltage Cable Market: Sales Value (in Billion US$), 2017 & 2022
Figure 52: Latin America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2023-2028


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