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 market reached a value of US$ 56.4 Billion in 2020. 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.

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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. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.5% during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Prysmian Group
  • Nexans
  • General Cable
  • ABB
  • Sumitomo Electric Industries
  • NKT
  • Encore Wire Corporation
  • Finolex Cables
  • TE Connectivity
  • Caledonian Cables
  • Polycab Wires
  • Leoni
  • Southwire
  • Wanda Group
  • Hangzhou Cable

Key Highlights of the Market Segmentation:

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
  • Industrial
  • Renewables

Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

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Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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