Global Low Voltage Cable Market Size, Share, Trends, Growth, Price, Key Players, Report, Forecast 2022-2027 | EMR Inc.

Global Low Voltage Cable Market Share, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global low voltage cable market, assessing the market on the basis of its segments like installation, materials, applications, and major regions.The key highlights of the report include:Market Overview (2017-2027)Historical Market Size (2021): USD 58.83 BillionForecast CAGR (2022-2027): 4.4%Forecast Market Size (2027): USD 76.17 Billion
Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2021
Market Size in 2021USD 58.83 Billion
Revenue Forecast in 2027USD 76.17 Billion
Growth Rate CAGR4.4%
Major PlayersPrysmian S.p.A., ABB Ltd, General Cable Corporation, Sumitomo Electric Industries,Ltd, KEI Industries Limited., NKT A/S, and Riyadh Cables Group, among others
Low voltage cables are crucial in the residential sectors to facilitate structured cabling systems for better comfort of the occupants. Since the requirement of current is low, the risk of being electrocuted is thin. Hence, the increasing geriatric population and the surge in safety concerns are propelling the demand for low voltage cable in residential complexes and apartments.Meanwhile, the increasing number of internet and wireless connectivity users are accelerating the growth of the low voltage cable market. The ‘work from home’ culture, which became widely popular during the pandemic, further increased the dependance of active adults on smart electronic devices, such as laptop and tablet. This, in turn, propelled the demand for high end low voltage cables with greater strength and durability.Moreover, the anticipated increase in requirement for low voltage cables in malls, theatres, and hotels, to increase the commercial profitability is likely to lead to an increase in production of low voltage cable in the forecast period.In terms of region, the Asia Pacific region accounts for a significant share of the market due to large residential population across the developing economies, such as India and China. The rapid industrialisation in the region, owing to the growing adoption of high-end electronic products, is fuelling the demand for low voltage cables.

Low Voltage Cable Industry Definition and Major Segments

Low voltage cable, also known as structured cable, refers to a type of electrical wiring which electrifies high-end electronic components, such as smartphones, security wires, and internet of things, among others. The requirement of current in this wire is extremely low and offers streamlined, structured, and scalable connectivity to the end-users, which is aiding the low voltage cable market.Pioneer Landscape CenterBased on installation, the market can be segmented into:
      • Overhead
            • Conductors
            • Fittings and Fixtures
            • Others
        • Underground
              • PVC Cables
              • XLPE Cables
              • Cable Terminations
              • Others
        The market can be bifurcated based on material into:Copper AluminiumBy application, the market has been segmented into:Residential Commercial IndustrialOn the basis of region, the market can be categorised into:North America Europe Asia Pacific Latin America Middle East and Africa

        Low Voltage Cable Market Trends

        The key trends in the global low voltage cable market include the growing expansion of enterprises, industrial units, manufacturing facilities, and commercially operating structures to achieve electricity savings and efficient distribution of electricity.Rapid construction of large private and public sector buildings is anticipated to generate a high demand for low voltage cables.Increase in number of solar panels are anticipated to accelerate the demand for copper-based low voltage cables.Automobile manufacturing plants across the nations like Germany, South Korea, and Japan, among others, are boosting the demand for low-voltage cables.

        Key Market Players

        The major players in the low voltage cable market report are:Prysmian S.p.A. ABB Ltd General Cable Corporation Sumitomo Electric Industries, Ltd KEI Industries Limited NKT A/S Riyadh Cables Group OthersThe report studies the latest updates in the market, along with their impact across the market.

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        Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.Media Contact:Company Name: Claight Corporation Contact Person: Frara Prih, Corporate Sales Specialist – U.S.A. Email: [email protected] Toll Free Number: +1-415-325-5166 | +44-702-402-5790 Address: 30 North Gould Street, Sheridan, WY 82801, USA Website: https://www.expertmarketresearch.com LinkedIn:- https://www.linkedin.com/company/expert-market-research