About Low Voltage Cable
Low voltage cables are used to supply power at low voltage. These cables form essential parts of the electrical and electronic systems in a broad range of applications. The cables have prime importance in the power sector, and thus, are important components in the generation, transmission, and distribution of electricity by power utilities.
Technavio’s analysts forecast the global low voltage cable market to grow at a CAGR of 7.34% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global low voltage cable market during 2016-2020. To calculate the market size, the report considers the demand for low voltage cables for overhead and underground installation.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Low Voltage Cable Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Low Voltage Cable Market: General Cable, Nexans, NKT Cables, Prysmian and Sumitomo Electric.
Other Prominent Vendors in the market are: ABB, Bahra Advanced Cable Manufacture, Brugg Cables, Caledonian Cables, Dubai Cable Company, Encore Wire, Finolex, Hebei New Baofeng Wire & Cable, Kabelwerk Eupen, LS Cable & System, Polycab, Riyadh Cables, Southwire Company, TE Connectivity and Top Cable.
Commenting on the report, an analyst from Technavio’s team said: “Smart grid systems incorporate automated software and electronic hardware such as meters, switches, and relays that guarantee smooth and appropriate transmission and distribution of electricity by upgrading and controlling operational processes over a network.”
According to the report, a rising demand for electricity worldwide has fueled development in the power generation, transmission, and distribution sectors. The demand for equipment employed for these purposes such as low voltage cables is increasing with the growth in the generation and T&D infrastructure.
Further, the report states that the fluctuating prices of raw materials also become a major hindrance to vendors, as the volatility hampers their business plans regarding forecasting demand, developing and executing manufacturing plans, and managing inventories.
General Cable, Nexans, NKT Cables, Prysmian, Sumitomo Electric, ABB, Bahra Advanced Cable Manufacture, Brugg Cables, Caledonian Cables, Dubai Cable Company, Encore Wire, Finolex, Hebei New Baofeng Wire & Cable, Kabelwerk Eupen, LS Cable & System, Polycab, Riyadh Cables, Southwire Company, TE Connectivity, Top Cable.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook