South Korea Low Voltage Cable Market Overview, 2028

South Korea Low Voltage Cable Market Overview, 2028

South Korea is among the world's most technologically advanced and digitally connected countries. The increasing population, urbanization, and rising standard of living in South Korea have led to a higher demand for residential buildings. These buildings require electrical wiring systems to power lighting, appliances, and other electrical devices. The growing construction of residential properties drives the demand for low voltage wire and cable products in this sector. Additionally, The expanding commercial sector, including office buildings, retail spaces, hotels, and other commercial establishments, requires a reliable power supply to support various operation. Low voltage wire and cable products are essential for electrical distribution, lighting, communication systems, and other applications in commercial buildings. Country has a strong industrial base, encompassing sectors such as automotive, electronics, manufacturing, and machinery. These industries require robust electrical infrastructure to power machinery, equipment, and control systems. Low-voltage wire and cable products play a critical role in providing reliable power transmission and control in industrial applications. Fire-rated cables are specifically designed to maintain their integrity and functionality in the event of a fire. They are used in applications where fire resistance is essential, such as emergency lighting systems, fire alarm systems, and evacuation systems. Communication cables, including twisted pair cables, coaxial cables, and fiber optic cables, are used for data networking and telecommunications purposes. They enable the transmission of voice, data, and video signals for telephone systems, computer networks, and internet connectivity.

According to the research report ""South Korea Low Voltage Cable Market Overview, 2028,"" published by Bonafide Research, the South Korea Low Voltage Wire and Cable Market is expected to add more than 1.32 billion by 2028. South Korea has a highly developed communication infrastructure, and wire and cable products are essential for the installation of communication networks. This includes the deployment of fibre optic cables for high-speed internet, telecommunication systems, and data transmission. These cables are often installed underground or on overhead utility poles. With the increasing adoption of renewable energy sources, wire and cable installations are vital for connecting solar panels, wind turbines, and other renewable energy systems to the grid. Low-voltage cables are used for power transmission and the interconnection of various components within renewable energy installations. Additionally, The wire and cable market in South Korea also caters to specialised applications such as automotive wiring, marine installations, aerospace applications, and medical equipment. These installations require specific wire and cable types that meet the stringent requirements of the respective industries. Copper is one of the most commonly used materials for low-voltage wire due to its excellent electrical conductivity. It offers low resistance and efficient power transmission. Copper wires can be either solid or stranded, depending on the specific application. Aluminium wire is also used in certain low-voltage applications, particularly for overhead power distribution. It is lighter and less expensive than copper, but it has higher resistance and lower conductivity. Aluminium wire may require larger gauge sizes compared to copper to achieve the same electrical performance.

South Korean manufacturers are renowned for using cutting-edge materials, cutting-edge manufacturing processes, and implementing cutting-edge features into their wire and cable products. This idea places South Korea as the industry leader in technological breakthroughs. Manufacturers have established a strong reputation in the industry through their quality products, technological advancements, and customer-centric approach. They adhere to international standards and regulations to ensure the reliability and safety of their wire and cable products. South Korea has several manufacturers of low-voltage cables and wires. LS Cable & System, Taihan Electric Wire, LS Mtron, Samhwa Electric, Daekyung Cable, and Kukdong Electric are major manufacturer in low-voltage wire and cable. South Korea's government has restrictions on production of low voltage wire and cable. The purpose of these rules is to guarantee the reliability, quality, and safety of electrical products and installations. The EACPA is the primary legislation governing electrical appliances and equipment in South Korea. It includes provisions for safety requirements, certification, labelling, and conformity assessment procedures. The Act establishes the framework for regulating the safety of low-voltage wire and cable products. Certain types of low-voltage wire and cable products may require electrical safety certification, such as the Certificate of Electrical Safety (CES), to ensure they meet specific safety requirements. This certification is issued by authorised testing organisations after conducting appropriate tests and inspections.

The pandemic has accelerated the adoption of remote work and digital communication tools. This has increased the demand for low-voltage cables used in home offices, video conferencing setups, and data connectivity. As more individuals and businesses adapt to remote work arrangements, the need for reliable and high-speed internet connections supported by low-voltage cables has grown. The wire and cable industry, like other sectors, had to implement various safety measures to protect workers and comply with government guidelines. These measures, such as social distancing, reduced workforce capacity, and additional hygiene protocols, have impacted operational efficiency and productivity. Despite the challenges, the wire and cable industry in South Korea has shown resilience and adaptability. With the gradual easing of restrictions and economic recovery measures, the industry has started to rebound. Increased government investment in infrastructure projects and the focus on renewable energy development are expected to drive the demand for low-voltage wire and cable in the recovery phase.
Considered in this report:
• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028
Aspects covered in this report:
• South Korea 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:
South Korea, 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.