Europe Low-voltage Cable Market Outlook, 2028

Europe Low-voltage Cable Market Outlook, 2028

In Europe low voltage cable market is the growing emphasis on renewable energy and sustainability. Europe has been at the forefront of adopting renewable energy sources such as wind, solar, and hydropower. This shift towards a greener energy landscape has had a significant impact on the low voltage cable market. In order to support the integration of renewable energy sources into the power grid, there has been an increased demand for low voltage cables specifically designed for renewable energy applications. These cables are used for connecting solar panels, wind turbines, and other renewable energy systems to the grid, enabling the efficient transmission of electricity. The European Union has set ambitious targets to reduce greenhouse gas emissions and transition to a more sustainable energy system. This has created a favorable market environment for low voltage cable manufacturers and suppliers, as they play a crucial role in enabling the energy transition and supporting the development of a clean and resilient power infrastructure.

According to the research report, “Europe Low Voltage Cable Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add more than USD 32.78 Billion from 2023 to 2028. The European Union has set ambitious targets to reduce greenhouse gas emissions and transition to a more sustainable energy system. This has created a favorable market environment for low voltage cable manufacturers and suppliers, as they play a crucial role in enabling the energy transition and supporting the development of a clean and resilient power infrastructure. This unique characteristic of standardized low voltage systems in Europe facilitates cross-border trade and promotes market efficiency within the European Union. It also encourages innovation and healthy competition among manufacturers, as they need to meet consistent standards and specifications across the continent. The major associations for low voltage in the UK are The Electrical Contractors' Association (ECA), The Institution of Engineering and Technology (IET), The Electrical Distributors' Association (EDA), The Joint Industry Board (JIB), The Electrical Safety Council (ESC).Company which manufacture low voltage products like ABB ,Legrand, Siemens ,Schneider Electric, Eaton, Hager Group, Prysmian Group. Low voltage systems are extensively used in residential buildings for lighting, power outlets, heating, ventilation, air conditioning (HVAC), home automation, security systems, and entertainment setups. Low voltage systems are essential for electrical distribution, lighting control, data networking, communication systems, fire alarm systems, security and access control, and building automation in commercial and office spaces.

Germany is known for its advanced engineering and technological innovation. The country has a strong manufacturing base and is home to several prominent companies specializing in low voltage products. German manufacturers are recognized for their high-quality standards, precision engineering, and innovative solutions in areas such as industrial automation, control systems, and electrical distribution. Italy is recognized for its expertise in design and style. Italian companies excel in producing aesthetically appealing and visually pleasing low voltage products. Italy is particularly renowned for its expertise in wiring devices, switches, and lighting solutions. Italian manufacturers often combine functionality with elegant design, offering a wide range of stylish and sophisticated low voltage options. The UK has a long-standing reputation for its strong electrical engineering industry. The country is known for its expertise in electrical systems, power distribution, and control panels. The UK also has a robust market for smart home solutions, building automation, and energy management systems, contributing to the advancement of low voltage technologies in these areas. Copper is the dominant material for low voltage cables in Europe, there is also a growing interest in alternative materials, primarily aluminum and fiber optics. Aluminum, with its lower cost compared to copper, is sometimes used in certain applications where cost-effectiveness is a significant factor. However, aluminum has slightly higher resistance and requires larger conductor sizes to achieve comparable performance to copper.

In Europe, underground installations are generally more commonly used for low voltage systems compared to overhead and submarine installations. Underground installations offer several advantages, such as improved aesthetics, protection from weather conditions, reduced risk of damage, and increased safety. They are widely utilized in urban areas, residential neighborhoods, commercial buildings, and infrastructure projects. Some major end users for low voltage systems in Europe like Residential Buildings, Power Infrastructure (Utilities, Power Generation, Power Distribution),Industrial Sector (Manufacturing, Factories, Industrial Complexes),Information Technology (IT) Companies and Data Centers, Commercial Buildings (Office Buildings, Shopping Malls, Hotels) Transportation Infrastructure (Railway Networks, Airports, Seaports, Roadways),Telecommunications Companies and Service Providers. The COVID-19 pandemic had a significant impact on the low voltage systems industry in Europe. It caused disruptions in the supply chain, resulting in delays in production and delivery of products. Construction delays and reduced activity affected the demand for low voltage systems. The shift to remote work and digitalization increased the need for IT infrastructure and networking solutions. Changes in energy consumption patterns and a focus on safety and health measures further influenced the demand for low voltage systems. As the situation evolved, the industry adapted to meet the new requirements and challenges brought about by the pandemic.
Recent Developments

Recent developments in the low voltage sector in Europe include a strong focus on energy efficiency, renewable energy integration, and smart grid solutions. Europe is actively promoting energy-saving measures and the adoption of low voltage systems that prioritize efficiency and reduced power consumption. The integration of low voltage systems with renewable energy sources such as solar and wind is also a significant development. Additionally, Europe is investing in smart grid technologies to optimize energy distribution and enhance grid reliability, with low voltage systems playing a key role. The digitalization and automation of low voltage systems, along with the integration of building automation and IoT technologies, are also prominent trends. Furthermore, the growth of electric vehicles has led to developments in low voltage systems for EV charging infrastructure. These recent advancements in the low voltage sector are driving increased energy efficiency, sustainability, and smart functionality across Europe.

Considered in this report
• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Europe Voltage Cable market with its value and forecast along with its segments
• Country-wise Europe Voltage Cable Market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

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 report of companies, analyzing the 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 conducted 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 group, 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 Artificial Lawn industry, 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.***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.