North America Low-voltage Cable Market Outlook, 2028

North America Low-voltage Cable Market Outlook, 2028

Low Voltage Cables are an essential component of electrical systems, used for transmitting power at relatively low voltages that is typically below 1,000 volts. These cables are used in a wide range of applications, including power distribution, telecommunications, data centres, video surveillance, sound and security alarms, and transportation etc. The low voltage cable market in North America is a dynamic and thriving industry that caters to the increasing demand for reliable and efficient electrical infrastructure. The low voltage cable market in North America is a thriving industry that caters to the growing demand for efficient electrical infrastructure. With a strong focus on renewable energy, smart cities, and technological advancements, the market is driven by factors such as urbanization, industrialization, and infrastructure development. Key players, including cable manufacturers, distributors, and suppliers, compete intensely to provide a diverse range of low voltage cables for residential, commercial, and industrial applications. The market is influenced by trends like energy efficiency, sustainability, technological advancements, safety and compliance, and ongoing infrastructure development projects. Continuous innovation and strategic partnerships are essential to navigate the competitive landscape and seize growth opportunities.

According to the research report, “North America Low Voltage Cable Market Outlook, 2028” published by Bonafide Research, the market was valued at USD 20.96 Billion market size in 2022. The United States is expected to be a significant country in the North America low voltage general purpose transformer market. The growing number of government initiatives in the country to expand electricity production, distribution, and transmission facilities along with a rise in infrastructural development activities are expected to drive the market growth. Due to the rising demand for electricity from many businesses as well as high electricity demands in residences, the United States consumes a high amount of electricity. The increase in residential properties, growing population and rapid industrialisation are causing a rise in the electricity demand. The growing prevalence of equipment and devices that use low voltage electricity in countries such as the United States will likely provide immense opportunities for the North America low voltage general purpose transformer market in the coming years. The US is known for its technological advancements and innovation. The adoption of smart grid systems, energy-efficient solutions, and digitalization drives the demand for low voltage cables that can support these advanced applications. National Electrical Contractors Association (NECA), Electrical Contractors Association of Ontario (ECAO), Independent Electrical Contractors (IEC), Building Industry Consulting Service International (BICSI) are the association in North America for low voltage.

The low voltage market in North America has experienced significant growth driven by factors such as infrastructure development, energy efficiency focus, technological advancements, industrial expansion, and government initiatives. The demand for low voltage solutions has increased across various sectors, including commercial buildings, manufacturing, healthcare, telecommunications, and renewable energy installations. Advancements in smart building technologies, IoT integration, and the electrification of transportation have expanded the applications of low voltage systems. Government regulations and initiatives promoting energy efficiency and sustainable practices have further fueled the market growth. However, it's important to note that specific growth figures can vary, and up-to-date data from industry reports and market analysis should be referred to for precise insights.

In North America, the installation type for low voltage cables is more commonly found in overhead and underground installations compared to submarine installations. Overhead installations involve the placement of cables on utility poles or other overhead structures, while underground installations involve burying the cables in conduits or trenches underground. These installation methods are typically more cost-effective and practical for the majority of low voltage applications in residential, commercial, and industrial settings. Submarine installations, which refer to cables laid underwater for specific purposes such as offshore power transmission or submarine communication networks, are less common in comparison. However, it's important to note that the distribution of installation types may vary depending on specific regional factors and projects.

Homeowners and residents are significant end users of low voltage systems in North America. They rely on these systems for lighting, HVAC control, security systems, home automation, audiovisual setups, and other household applications. Industrial end users such as manufacturing plants, warehouses, and industrial facilities utilize low voltage systems for power distribution, control systems, automation, machinery operation, and process control. Infrastructure developments, including highways, bridges, tunnels, airports, railways, and public facilities, also require low voltage systems. These projects rely on low voltage installations for lighting, power distribution, communication networks, surveillance systems, and control systems. While copper is the predominant material for low voltage cables in North America, there is also a growing interest in alternative materials such as aluminum and fiber optics. Aluminum, being less expensive than copper, is sometimes used in certain applications where cost is a significant factor, although it has slightly higher resistance and requires larger conductor sizes to achieve comparable performance.

The COVID-19 pandemic caused disruptions in supply chains, affecting the availability of raw materials, components, and finished products for the low voltage industry in North America. Factory shutdowns, transportation restrictions, and trade disruptions led to delays in production and distribution, impacting the supply of low voltage products. Many construction projects in North America faced delays or suspensions due to lockdown measures and economic uncertainties caused by the pandemic. This had a significant impact on the demand for low voltage systems and installations in the residential, commercial, and industrial sectors. The pandemic brought a heightened focus on health and safety measures in buildings. This led to an increased demand for low voltage systems that support touchless technology, occupancy monitoring, and enhanced ventilation systems to mitigate the spread of the virus. The economic uncertainties brought by the pandemic impacted investment decisions and consumer spending, leading to a cautious approach from businesses and consumers in adopting new low voltage solutions. This created a challenging market environment for suppliers and manufacturers in the industry.

Recent Developments
There were several notable developments in the low voltage sector in North America.
• There has been a growing emphasis on energy efficiency and sustainability, leading to increased demand for low voltage solutions that optimize energy usage and reduce power wastage. This trend is driven by stricter energy efficiency regulations and the increasing focus on environmental responsibility.
• The adoption of smart building technologies has gained traction. Integrated low voltage systems are being utilized to enable intelligent lighting, HVAC control, and building automation, enhancing energy efficiency and occupant comfort.
• There has been a significant expansion in electric vehicle (EV) infrastructure across North America. This development has led to increased installations of low voltage cables for EV charging stations, supporting the growing adoption of electric vehicles and the need for reliable charging infrastructure.
• Digitalization and the Internet of Things (IoT) have had an impact on the low voltage sector. The integration of IoT devices and advanced data communication systems requires reliable low voltage cables for transmitting data and supporting interconnected systems.

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

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

Countries covered in the report:
• United States
• Canada
• Mexico

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.