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Low Voltage Cables Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jan 01, 2025
Length 130 Pages
SKU # FOB19847081

Description

Growth Factors of Low Voltage Cables Market

The global cables and accessories market is experiencing significant growth, driven by increasing power demand, urbanization, and the expansion of renewable energy projects. Cable accessories, essential for connecting and insulating cables, play a crucial role in ensuring the reliability and efficiency of power transmission and distribution systems. These accessories include joints, terminations, connectors, and clamps, which protect cables from environmental stressors and mechanical damage.

Market Segmentation

The cables and accessories market is segmented based on voltage, installation type, and end-user applications.
  • By Voltage:
Low Voltage (LV): Widely used in residential and commercial applications due ttheir suitability for lower power requirements.

Medium Voltage (MV): Employed in industrial settings and urban infrastructure projects, catering tmoderate power needs.

High Voltage (HV): Utilized for long-distance power transmission and large-scale industrial applications, accommodating higher power demands.
  • By Installation:
Overhead Cables and Accessories: Preferred for their cost-effectiveness and ease of installation, especially in rural electrification projects.

Underground Cables and Accessories: Chosen for urban areas where space constraints and aesthetic considerations are paramount, despite higher installation costs.
  • By End-User:
Commercial & Residential: Demand driven by urbanization and the need for reliable power in homes and businesses.

Utilities: Focus on expanding and upgrading transmission and distribution networks tmeet growing power consumption.

Industries (Oil & Gas, Mining, Chemicals, Renewables): Require robust cable systems tsupport complex operations and ensure safety.

Drivers of Market Growth

1. Rising Power Demand: Rapid industrialization and urbanization have led tincreased electricity consumption, necessitating the expansion of power infrastructure and, consequently, the demand for cables and accessories.

2. Renewable Energy Integration: Governments worldwide are investing in renewable energy projects treduce carbon emissions. The integration of renewable sources like wind and solar intexisting grids requires specialized cables and accessories thandle variable power outputs.

3. Infrastructure Development: Developing economies are investing in infrastructure projects, including transportation and urban development, which require extensive electrical installations, thereby boosting the cables and accessories market.

Challenges Facing the Market
  • Volatile Raw Material Prices: Fluctuations in the prices of raw materials, such as copper and aluminum, can impact manufacturing costs and profit margins for cable producers.
  • Complex Regulatory Procedures: Stringent planning and authorization processes can delay projects, affecting market growth.
  • Proliferation of Substandard Products: The presence of low-quality, inexpensive products in the market can undermine consumer confidence and pose safety risks.
Regional Insights
  • North America: The market is driven by the expansion of transmission and distribution networks and the adoption of smart grid technologies. Upgrading aging infrastructure is a key focus tenhance grid reliability.
  • Europe: Efforts tmodernize existing power infrastructure and integrate renewable energy sources are propelling market growth. The region emphasizes sustainability and reducing greenhouse gas emissions.
  • Asia Pacific: Rapid urbanization, industrialization, and government initiatives for rural electrification are significantly increasing the demand for cables and accessories. Countries like China and India are at the forefront of this growth.
  • Middle East & Africa: Investments in smart, clean, and sustainable development projects are creating opportunities for market expansion. The focus is on building resilient infrastructure tsupport economic growth.
Key Industry Developments
  • In June 2019, Prysmian Group expanded its product portfoliwith the introduction of the Draka UC400 23 Cat.6 U/UTP LSHF D64 Cca network cable, meeting stringent European fire protection standards.
  • In July 2019, SumitomCorporation, in partnership with Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development and Suzuy& Co., Ltd., acquired a 10% stake in Gemadept Corporation, Vietnam's leading port operation and logistics firm, tengage in port terminal management.
Conclusion

The global cables and accessories market is poised for substantial growth, fueled by increasing energy demands, the shift towards renewable energy, and extensive infrastructure development. However, manufacturers and stakeholders must navigate challenges such as raw material price volatility and regulatory complexities. Continuous innovation and strategic partnerships will be crucial in addressing these challenges and capitalizing on emerging opportunities in the market.

SEGMENTATION DETAILS

By Voltage
  • Low
  • Medium
  • High
By Installation
  • Overhead Cables and Accessories
Conductors & Cables

Accessories
  • Cable Joints
  • Terminators
  • Connectors
  • Clamps
  • Others
  • Underground Cables & Accessories
PVC Cables

XLPE Cables

Terminators

Cable Joints

Others

By End-User
  • Commercial & Residential
  • Transportation
  • Utilities
  • Oil & Gas
  • Mining & Metals
  • Chemical & Petrochemicals
  • Renewables
  • Others
By Geography
  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)


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Table of Contents

130 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Low Voltage Cable Market Analysis (USD Billion), Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Installation
5.2.1. Overhead
5.2.2. Underground
5.3. Market Analysis, Insights and Forecast – By Voltage
5.3.1. Up to 240V
5.3.2. 241V-440V
5.3.3. 441V-1000V
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Residential
5.4.2. Commercial
5.4.3. Industrial
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Latin America
5.5.3. Europe
5.5.4. Asia Pacific
5.5.5. Middle East and Africa
6. North America Low Voltage Cable Market Analysis (USD Billion), Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Installation
6.2.1. Overhead
6.2.2. Underground
6.3. Market Analysis, Insights and Forecast – By Voltage
6.3.1. Up to 240V
6.3.2. 241V-440V
6.3.3. 441V-1000V
6.4. Market Analysis, Insights and Forecast – By Application
6.4.1. Residential
6.4.2. Commercial
6.4.3. Industrial
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Latin America Low Voltage Cable Market Analysis (USD Billion), Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Installation
7.2.1. Overhead
7.2.2. Underground
7.3. Market Analysis, Insights and Forecast – By Voltage
7.3.1. Up to 240V
7.3.2. 241V-440V
7.3.3. 441V-1000V
7.4. Market Analysis, Insights and Forecast – By Application
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
7.5. Insights and Forecast – By Country
7.5.1. Brazil
7.5.2. Mexico
7.5.3. Argentina
7.5.4. Venezuela
7.5.5. Rest of Latin America
8. Europe Low Voltage Cable Market Analysis (USD Billion), Insights and Forecast, 2015-2026
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Installation
8.2.1. Overhead
8.2.2. Underground
8.3. Market Analysis, Insights and Forecast – By Voltage
8.3.1. Up to 240V
8.3.2. 241V-440V
8.3.3. 441V-1000V
8.4. Market Analysis, Insights and Forecast – By Application
8.4.1. Residential
8.4.2. Commercial
8.4.3. Industrial
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. UK
8.5.2. Germany
8.5.3. France
8.5.4. Italy
8.5.5. Spain
8.5.6. Russia
8.5.7. Poland
8.5.8. Ukraine
8.5.9. Rest of Europe
9. Asia Pacific Low Voltage Cable Market Analysis (USD Billion), Insights and Forecast, 2015-2026
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Installation
9.2.1. Overhead
9.2.2. Underground
9.3. Market Analysis, Insights and Forecast – By Voltage
9.3.1. Up to 240V
9.3.2. 241V-440V
9.3.3. 441V-1000V
9.4. Market Analysis, Insights and Forecast – By Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. China
9.5.2. India
9.5.3. Japan
9.5.4. Australia
9.5.5. Southeast Asia
9.5.6. Rest of Asia Pacific
10. Middle East & Africa Low Voltage Cable Market Analysis (USD Billion), Insights and Forecast, 2015-2026
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Installation
10.2.1. Overhead
10.2.2. Underground
10.3. Market Analysis, Insights and Forecast – By Voltage
10.3.1. Up to 240V
10.3.2. 241V-440V
10.3.3. 441V-1000V
10.4. Market Analysis, Insights and Forecast – By Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Market Analysis, Insights and Forecast – By Country
10.5.1. GCC
10.5.2. South Africa
10.5.3. Egypt
10.5.4. Iran
10.5.5. Rest of Middle East & Africa
11. Competitive Analysis
11.1. Company Market Share Analysis, 2018
11.2. Key Industry Developments
11.3. Company Profile
11.3.1. ABB
11.3.1.1. Business Overview
11.3.1.2. Product & Service Offering
11.3.1.3. Overall Revenue
11.3.1.4. Geographic Presence
11.3.1.5. Recent Development
11.3.2. Prysmian Group
11.3.2.1. Business Overview
11.3.2.2. Product & Service Offering
11.3.2.3. Overall Revenue
11.3.2.4. Geographic Presence
11.3.2.5. Recent Development
11.3.3. Nexans
11.3.3.1. Business Overview
11.3.3.2. Product & Service Offering
11.3.3.3. Overall Revenue
11.3.3.4. Geographic Presence
11.3.3.5. Recent Development
11.3.4. General Cable
11.3.4.1. Business Overview
11.3.4.2. Product & Service Offering
11.3.4.3. Overall Revenue
11.3.4.4. Geographic Presence
11.3.4.5. Recent Development
11.3.5. NKT Cables
11.3.5.1. Business Overview
11.3.5.2. Product & Service Offering
11.3.5.3. Overall Revenue
11.3.5.4. Geographic Presence
11.3.5.5. Recent Development
11.3.6. Encore Wire Corporation
11.3.6.1. Business Overview
11.3.6.2. Product & Service Offering
11.3.6.3. Overall Revenue
11.3.6.4. Geographic Presence
11.3.6.5. Recent Development
11.3.7. Finolex Cables (India)
11.3.7.1. Business Overview
11.3.7.2. Product & Service Offering
11.3.7.3. Overall Revenue
11.3.7.4. Geographic Presence
11.3.7.5. Recent Development
11.3.8. Bahra Cables Company (Saudi Arabia)
11.3.8.1. Business Overview
11.3.8.2. Product & Service Offering
11.3.8.3. Overall Revenue
11.3.8.4. Geographic Presence
11.3.8.5. Recent Development
11.3.9. BRUGG Cables (Switzerland)
11.3.9.1. Business Overview
11.3.9.2. Product & Service Offering
11.3.9.3. Overall Revenue
11.3.9.4. Geographic Presence
11.3.9.5. Recent Development
11.3.10. Riyadh Cables Group Company (Saudi Arabia)
11.3.10.1. Business Overview
11.3.10.2. Product & Service Offering
11.3.10.3. Overall Revenue
11.3.10.4. Geographic Presence
11.3.10.5. Recent Development
11.3.11. Polycab India (India)
11.3.11.1. Business Overview
11.3.11.2. Product & Service Offering
11.3.11.3. Overall Revenue
11.3.11.4. Geographic Presence
11.3.11.5. Recent Development
11.3.12. KEI Industries (India)
11.3.12.1. Business Overview
11.3.12.2. Product & Service Offering
11.3.12.3. Overall Revenue
11.3.12.4. Geographic Presence
11.3.12.5. Recent Development

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