Australia Low Voltage Cable Market Overview, 2028

Australia Low Voltage Cable Market Overview, 2028

Australians place a high value on quality goods. The low-voltage wire and cable market in Australia is an integral part of the country's electrical infrastructure. It encompasses a wide range of cables used for power transmission, telecommunications, data networking, and various industrial applications. These cables are designed to carry low-voltage electrical currents, typically up to 1,000 volts. Building wire, also known as electrical wire or power cable, is used for general electrical wiring in residential, commercial, and industrial buildings. It provides power to lighting fixtures, electrical outlets, appliances, and other electrical devices. Low voltage is commonly used in residential buildings to power lighting fixtures, electrical outlets, appliances, heating, and cooling systems. It covers the electrical wiring within the premises, ensuring a safe and reliable supply of electricity for everyday use. Furthermore, low-voltage electrical systems are also extensively utilised in commercial and industrial settings. They provide power for various applications, including lighting, machinery, equipment, HVAC (heating, ventilation, and air conditioning) systems, and control systems. Low-voltage systems play a crucial role in infrastructure projects such as transportation networks, telecommunications infrastructure, power generation facilities, and public facilities. They enable the reliable transmission and distribution of electricity to support essential services and operations.

According to the research report ""Australia Low Voltage Cable Market Overview, 2028,"" published by Bonafide Research, the Australia Low Voltage Wire and Cable Market m is expected to grow at an above-average 8.44% CAGR from 2023 to 2028. Copper is the most widely used material for conducting electricity in low-voltage wire. It has excellent electrical conductivity, making it ideal for transmitting low-voltage electrical currents efficiently. Copper wire is known for its high conductivity, durability, and resistance to corrosion. In some cases, low-voltage wire may be made of aluminium conductors. Aluminium is less expensive than copper but has lower conductivity. Aluminium wire is commonly used in larger-sized conductors and overhead power lines. Several well-known businesses are renowned for their skill in producing low-voltage wire and cable. Nexans Olex, Prysmian Group Australia, Tycab Australia, Electra Cables, and Consolidated Power Projects (CPP) are some of the major manufacturers in the low-voltage wire and cable industry in Australia. Solar energy has seen substantial growth in Australia. The country has one of the highest solar radiation levels in the world, making it an ideal location for solar power generation. Solar farms, rooftop solar installations, and off-grid solar systems contribute to the growing demand for low-voltage cables to connect solar panels and support their operation. Australia has abundant wind resources, particularly along its coastline. Wind farms are being developed across the country, both onshore and offshore, to harness this potential. Low voltage cables are crucial for powering wind turbines and transmitting electricity from the turbines to the grid.

The Wiring Rules, officially known as AS/NZS 3000:2018, is a comprehensive standard that sets out the requirements for electrical installations in Australia. It covers various aspects, including the selection and installation of low voltage cables, wiring methods, and safety considerations. Furthermore, Each state and territory in Australia has its own Electrical Safety Act and Regulations that outline legal requirements for electrical installations. These regulations often reference the Wiring Rules and specify additional safety measures, licencing requirements, and compliance procedures. Australia has associations that represent and aid the wire and cable sector. These organisations are essential in advancing industry standards, promoting knowledge exchange, and protecting the interests of the sector. NECA is the peak industry body representing the electrical and communications contracting sector in Australia. They provide support and advocacy for electrical contractors, including those involved in the wire and cable industry. NECA offers training, resources, networking opportunities, and industry representation. Additionally, ACA is an association that represents cable manufacturers in Australia. They aim to promote the interests of the Australian cable manufacturing industry, facilitate collaboration, and advocate for industry-related issues. This association also works closely with other industry stakeholders to support the development of quality standards and best practises.

The wire and cable industry continues to see technological advancements, including the development of new materials, improved insulation and jacketing techniques, and enhanced manufacturing processes. These advancements aim to improve the performance, durability, and safety of wire and cable products. The integration of smart technologies and the demand for connected solutions have impacted the wire and cable market. This includes the need for cables with advanced communication capabilities, such as fibre optic cables for high-speed data transmission and network infrastructure. The Australian wire and cable industry has been aligning itself with international standards and certifications to ensure product quality, safety, and conformity. This allows for greater compatibility and market access for Australian wire and cable manufacturers in global markets. Saturation in specific market segments or product categories can result in a decline in growth. If the market becomes saturated with wire and cable products, competition may intensify, leading to price pressure and reduced profit margins. Changes or uncertainties in government policies related to infrastructure development, renewable energy incentives, or industry regulations can affect the wire and cable market. Inconsistent or unpredictable policies may lead to delays or cancellations of projects, impacting the demand for wire and cable products.
Considered in this report:
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028
Aspects covered in this report:
• Australia Low voltage cable with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Installation Type:
• Overhead
• Underground
• Submarine

By End Users:
• Power Infrastructure (Energy, Power Transmission, and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial, and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medium Voltage Cable market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry

Keywords:
Australia, low voltage cables, power transmission, distribution networks, materials, standards, certifications, Renewable energy integration, Substations, Power generation, Voltage levels, Conductivity, Insulation, Cable management, Fault detection, Grid infrastructure, Electrical engineering, Energy efficiency.