South America Low-voltage Cable Market Outlook, 2028

South America Low-voltage Cable Market Outlook, 2028

South America, known for its diverse landscapes and vibrant culture, is also an emerging market for the low voltage industry. The region encompasses countries such as Brazil, Argentina, Chile, Peru, and Colombia, among others. South America has witnessed significant growth in infrastructure development, urbanization, and industrialization, driving the demand for low voltage systems. Residential buildings in South America heavily rely on low voltage systems for electrical power distribution, lighting, and household appliances. The commercial sector utilizes low voltage solutions for lighting, air conditioning, security systems, and various other electrical applications. Industries such as manufacturing, mining, oil and gas, and telecommunications depend on low voltage systems for power distribution, machinery operation, control systems, and automation processes. Residential buildings in South America heavily rely on low voltage systems for electrical power distribution, lighting, and household appliances. The commercial sector utilizes low voltage solutions for lighting, air conditioning, security systems, and various other electrical applications. Industries such as manufacturing, mining, oil and gas, and telecommunications depend on low voltage systems for power distribution, machinery operation, control systems, and automation processes. South America is experiencing a shift towards renewable energy sources, such as solar and wind power. Low voltage systems play a vital role in connecting these renewable energy sources to the grid and ensuring efficient and reliable power distribution.

According to the research report, “South America Low Voltage Cable Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add more than USD 2.77 Billion from 2023 to 2028. Colombia is significant in the low voltage market due to its growing economy, infrastructure development, and increasing demand for reliable electrical solutions. The country's investments in infrastructure, urbanization, and renewable energy initiatives drive the need for low voltage systems. Additionally, government policies promoting energy efficiency and sustainability contribute to the market's significance. Colombia's competitive market landscape fosters innovation and technological advancements, providing a wide range of low voltage products and solutions. The awareness of the benefits of low voltage systems further fuels the market's growth, making Colombia a key player in the low voltage industry. Cámara Chilena de la Construcción (CChC), Cámara Peruana de la Construcción (CAPECO) are the some of the association for low voltage. Major company like Prysmian Group , Nexans, General Cable, Condumex for low voltage cable market. The low voltage market in South America has witnessed several notable developments.

Submarine installations, which involve laying power cables underwater for applications such as offshore wind farms or interconnections between islands, are less common in South America compared to overhead and underground installations. These types of installations are typically limited to specific coastal regions or remote areas with specific infrastructure requirements. Residential customers, Commercial buildings and offices, Industrial facilities, Infrastructure projects (transportation, utilities, public buildings), Power generation and distribution companies are end user of low voltage cable Market. South America's low voltage market has been significantly impacted by the COVID-19 outbreak. Low voltage system manufacturing, demand, and installation have all been impacted by lockdown procedures, supply chain disruptions, and the economic slump. Low voltage cables are in less demand as a result of infrastructure and construction projects being postponed or stopped. The need for electrical systems and installations has been impacted by remote work and decreased occupancy in commercial buildings. The economic crisis has lowered investments and imposed financial limits on both consumers and businesses, which has had an impact on the market as a whole.

Recent Developments
Recent Development in South America One significant trend is the increasing adoption of renewable energy sources. Countries like Brazil, Chile, and Argentina have been investing in solar and wind power projects, leading to a growing demand for low voltage solutions to facilitate the integration of these renewable energy systems into the grid. This includes the installation of low voltage cables, switchgear, and control systems. Infrastructure development is another key driver of the low voltage market in South America. Governments across the region are investing in transportation networks, smart cities, and industrial zones, creating opportunities for the deployment of low voltage systems. These systems are used for electrical distribution, lighting, and control in buildings, roads, and public spaces. Energy efficiency initiatives are also gaining traction in South America. Governments and organizations are focusing on reducing energy consumption and lowering carbon emissions. This has led to the adoption of energy-efficient low voltage solutions in residential, commercial, and industrial settings. These solutions include energy-efficient lighting systems, smart meters, and building automation systems. The low voltage market in South America faces challenges such as infrastructure limitations and economic constraints. Outdated or inadequate electrical infrastructure can impede the deployment of low voltage systems, while limited investment and financial resources can hinder market development. Additionally, regulatory and compliance issues, varying standards and regulations across countries, and a fragmented market can create complexities for companies operating in the region. Furthermore, the vast geographical expanse and diverse terrain of South America can present logistical challenges in the installation and maintenance of low voltage systems. Overcoming these challenges requires collaborative efforts between governments, industry players, and stakeholders to improve infrastructure, attract investment, harmonize regulations, and promote innovation in the low voltage sector. Copper's popularity in South America can be attributed to its excellent electrical conductivity, durability, and reliability. It efficiently transmits electrical signals and has low resistance, making it suitable for low voltage power distribution, building wiring, telecommunications, and various other applications.

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

Aspects covered in this report
• South 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:
• Brazil
• Argentina
• Colombia

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.