Global Low Voltage Cables & Accessories Market 2022-2028
Low-voltage cable refers to electrical wires and trimmings used in applications that require less infrastructure-this includes phones, security lines, fire alarms, intercoms, and the internet. According to latest analysis by Gen Consulting Company, the global low voltage cables & accessories market is poised to grow by USD 46 billion during 2022-2028, progressing at a CAGR of 5.9% during the forecast period.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global low voltage cables & accessories market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the low voltage cables & accessories industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the installation, component, end user, and region. The global market for low voltage cables & accessories can be segmented by installation: overhead, submarine, underground. The underground segment was the largest contributor to the global low voltage cables & accessories market in 2021. Low voltage cables & accessories market is further segmented by component: cable joints, cable terminations, clamps, conductors, connectors, others. According to the research, the cable joints segment had the largest share in the global low voltage cables & accessories market. Based on end user, the low voltage cables & accessories market is segmented into: commercial, industrial, residential, utilities. The utilities segment held the largest revenue share in 2021. On the basis of region, the low voltage cables & accessories market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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