Low Voltage Cable Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

Low Voltage Cable Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F


Global Low Voltage Cable Market is expected to grow at a robust CAGR during the forecast period. Low voltage cable is a type of electrical cable designed to transmit electrical power or signals at a low voltage level, typically between 50 and 1000 volts. These cables are commonly used in a wide range of applications, including residential and commercial buildings, industrial plants, and telecommunications networks.

Low voltage cables come in various sizes, types, and configurations, depending on the specific application and the required voltage level. Some common types of low voltage cables include power cables, control cables, instrumentation cables and communication cables Power cables are used to transmit electrical power from one location to another, typically between power stations, substations, and distribution points. Control cables are used to transmit signals and control commands between different devices and equipment, such as motors, sensors, and switches. Instrumentation cables are used to transmit signals from measuring instruments, such as temperature, pressure, and flow sensors, to monitoring and control systems. Communication cables are used to transmit data and voice signals in telecommunication networks, such as telephone and internet systems. Low voltage cables can be made of various materials, including copper, aluminum, and fiber optic. Copper is the most common material used in power and control cables, while fiber optic cables are used for high-speed data transmission in communication networks.

Overall, low voltage cables are essential components of modern electrical and telecommunication systems, providing reliable and efficient transmission of power and signals over long distances.

Rising incorporation of smart grid networks

The incorporation of smart grid networks is expected to drive the growth of the Global Low Voltage Cable Market. Smart grid networks require a reliable and efficient transmission and distribution of electricity, which can be facilitated using low voltage cables.

Low voltage cables are used for transmitting electricity from distribution transformers to various end-users such as residential, commercial, and industrial consumers. With the increasing adoption of renewable energy sources, such as solar and wind, and the growing demand for energy-efficient solutions, the demand for low voltage cables is expected to increase.

In addition, the development of smart cities and the increasing need for real-time monitoring and control of power distribution systems is driving the adoption of smart grid networks, which require advanced low voltage cables. These cables are designed to handle high current loads, withstand harsh environments, and provide reliable power transmission.

Furthermore, the increasing focus on upgrading aging infrastructure and improving the reliability and efficiency of power distribution systems is also driving the demand for low voltage cables. Governments around the world are investing in upgrading their power infrastructure, which is expected to drive the growth of the global low voltage cable market.

Overall, the incorporation of smart grid networks is expected to drive the growth of the global Low Voltage Cable Market, as these networks require advanced low voltage cables that can handle high current loads, withstand harsh environments, and provide reliable power transmission.

Growing demand for uninterrupted power supply is primarily driving the global low voltage cable market

Low voltage cables are an essential component of power distribution systems, and they are used to transmit electrical power from one point to another at low voltage levels. With the increasing demand for uninterrupted power supply, the demand for low voltage cables has also been increasing.

Uninterrupted power supply (UPS) is critical for many applications, including data centers, hospitals, manufacturing facilities, and other commercial and industrial operations that require a continuous power supply. The growing reliance on electronic devices and the increasing need for backup power solutions have contributed to the growth of the UPS market, which, in turn, has boosted the demand for low voltage cables.

Moreover, the growth of renewable energy sources such as solar and wind power has also contributed to the demand for low voltage cables. These sources of energy require low voltage cables for their distribution and transmission. In conclusion, the growing demand for uninterrupted power supply is one of the major factors driving the global low voltage cable market.

Raw Material Price Volatility of Low Voltage Cable

The global low voltage cable market is susceptible to raw material price volatility, as the cost of materials such as copper and aluminum can have a significant impact on the overall cost of production. Copper and aluminum are commonly used as conductors in low voltage cables, and their prices can fluctuate based on a variety of factors such as supply and demand, geopolitical events, and changes in global economic conditions.

In recent years, there have been instances where the prices of copper and aluminum have experienced significant fluctuations, which has had a direct impact on the global low voltage cable market. When raw material prices increase, manufacturers may need to increase the prices of their products to maintain profitability, which can reduce demand for low voltage cables in the market. Conversely, when raw material prices decrease, manufacturers may be able to offer lower prices, which can increase demand for low voltage cables.

To mitigate the impact of raw material price volatility, manufacturers may employ various strategies such as hedging, sourcing raw materials from different suppliers, or exploring alternative materials that may be less susceptible to price fluctuations. Additionally, manufacturers may also need to adjust their pricing strategies and supply chain management practices to adapt to changing market conditions.

Growing Demand for Underground Low Voltage Cables

An underground low voltage cable is a type of electrical cable designed for use in underground applications where a lower voltage is required. These cables are typically used to transmit electricity from a power source to various electrical devices and equipment, such as lights, motors, and appliances.

Underground low voltage cables are generally made up of a series of insulated conductors that are wrapped in a protective sheath. The insulation on the conductors serves to prevent electrical current from escaping and meeting the surrounding environment. The sheath helps to protect the cables from damage caused by moisture and chemicals.

Low voltage cables are typically used in residential, commercial, and industrial settings as they are used to power lighting systems, heating and cooling systems, and other electronic devices. Low voltage cables are also commonly used in telecommunications systems, where they are used to transmit data signals between devices.

Market Segmentation

Based on Installation, the market is segmented into Overhead, and Underground. Based on Overhead Product, the market is segmented into Conductors, Fittings and Fixtures, Others. Based on Underground Product, the market is segmented into PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others. Based on End-User, the market is segmented into Infrastructure, Industrial, and Renewables.

Company Profiles

The Global Low Voltage Cable market is a growing industry and is becoming increasingly competitive. This has led to the emergence of new players in the market and increased competition among existing companies. This trend has led to the development of new technologies and solutions for low voltage cables, further increasing competition in the market.

Some of the major players in the Global Low Voltage Cable Market include Prysmian Group, Nexans S.A, General Cable, ABB Group, Sumitomo Electric Industries, NK Communications, Encore Wire Corporation, Finolex Cables, TE Connectivity, Caledonian Cables, Polycab Wires, Leoni AG, Southwire Company, LLC, Wanda Group and Hangzhou Cable

Report Scope:

In this report, the Global Low Voltage Cable Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • Low Voltage Cable Market, By Installation:
  • Overhead
  • Underground
  • Low Voltage Cable Market, By Overhead Product:
  • Conductors
  • Fittings and Fixtures
  • Others
  • Low Voltage Cable Market, By Underground Product:
  • PVC Cables
  • XLPE Cables
  • Cable Terminations
  • Cable Joints
  • Others
  • Low Voltage Cable Market, By End-User:
  • Infrastructure
  • Industrial
  • Renewables
  • Low Voltage Cable Market, By Region:
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Middle East & Africa
  • Israel
  • Turkey
  • Saudi Arabia
  • UAE
  • South America
  • Brazil
  • Argentina
  • Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Low Voltage Cable Market.

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
4. Voice of Customer
5. Global Low Voltage Cable Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Installation (Overhead, Underground)
5.2.2. By Overhead Product (Conductors, Fittings and Fixtures, Others)
5.2.3. By Underground Product (PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others)
5.2.4. By End-User (Infrastructure, Industrial and Renewables)
5.2.5. By Region
5.3. By Company (2022)
5.4. Market Map
6. North America Low Voltage Cable Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Installation
6.2.2. By Overhead Product
6.2.3. By Underground Product
6.2.4. By End-User
6.2.5. By Country
6.3. North America: Country Analysis
6.3.1. United States Low Voltage Cable Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Installation
6.3.1.2.2. By Overhead Product
6.3.1.2.3. By Underground Product
6.3.1.2.4. By End-User
6.3.2. Canada Low Voltage Cable Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Installation
6.3.2.2.2. By Overhead Product
6.3.2.2.3. By Underground Product
6.3.2.2.4. By End-User
6.3.3. Mexico Low Voltage Cable Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Installation
6.3.3.2.2. By Overhead Product
6.3.3.2.3. By Underground Product
6.3.3.2.4. By End-User
7. Asia-Pacific Low Voltage Cable Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Installation
7.2.2. By Overhead Product
7.2.3. By Underground Product
7.2.4. By End-User
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Low Voltage Cable Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Installation
7.3.1.2.2. By Overhead Product
7.3.1.2.3. By Underground Product
7.3.1.2.4. By End-User
7.3.2. Japan Low Voltage Cable Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Installation
7.3.2.2.2. By Overhead Product
7.3.2.2.3. By Underground Product
7.3.2.2.4. By End-User
7.3.3. South Korea Low Voltage Cable Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Installation
7.3.3.2.2. By Overhead Product
7.3.3.2.3. By Underground Product
7.3.3.2.4. By End-User
7.3.4. India Low Voltage Cable Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Installation
7.3.4.2.2. By Overhead Product
7.3.4.2.3. By Underground Product
7.3.4.2.4. By End-User
7.3.5. Australia Low Voltage Cable Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Installation
7.3.5.2.2. By Overhead Product
7.3.5.2.3. By Underground Product
7.3.5.2.4. By End-User
8. Europe Low Voltage Cable Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Installation
8.2.2. By Overhead Product
8.2.3. By Underground Product
8.2.4. By End-User
8.2.5. By Country
8.3. Europe: Country Analysis
8.3.1. Germany Low Voltage Cable Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Installation
8.3.1.2.2. By Overhead Product
8.3.1.2.3. By Underground Product
8.3.1.2.4. By End-User
8.3.2. United Kingdom Low Voltage Cable Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Installation
8.3.2.2.2. By Overhead Product
8.3.2.2.3. By Underground Product
8.3.2.2.4. By End-User
8.3.3. France Low Voltage Cable Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Installation
8.3.3.2.2. By Overhead Product
8.3.3.2.3. By Underground Product
8.3.3.2.4. By End-User
8.3.4. Italy Low Voltage Cable Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Installation
8.3.4.2.2. By Overhead Product
8.3.4.2.3. By Underground Product
8.3.4.2.4. By End-User
8.3.5. Spain Low Voltage Cable Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Installation
8.3.5.2.2. By Overhead Product
8.3.5.2.3. By Underground Product
8.3.5.2.4. By End-User
9. South America Low Voltage Cable Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Installation
9.2.2. By Overhead Product
9.2.3. By Underground Product
9.2.4. By End-User
9.2.5. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Low Voltage Cable Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Installation
9.3.1.2.2. By Overhead Product
9.3.1.2.3. By Underground Product
9.3.1.2.4. By End-User
9.3.2. Argentina Low Voltage Cable Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Installation
9.3.2.2.2. By Overhead Product
9.3.2.2.3. By Underground Product
9.3.2.2.4. By End-User
9.3.3. Colombia Low Voltage Cable Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Installation
9.3.3.2.2. By Overhead Product
9.3.3.2.3. By Underground Product
9.3.3.2.4. By End-User
10. Middle East & Africa Low Voltage Cable Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Installation
10.2.2. By Overhead Product
10.2.3. By Underground Product
10.2.4. By End-User
10.2.5. By Country
10.3. Middle East & Africa: Country Analysis
10.3.1. Israel Low Voltage Cable Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Installation
10.3.1.2.2. By Overhead Product
10.3.1.2.3. By Underground Product
10.3.1.2.4. By End-User
10.3.2. Turkey Low Voltage Cable Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Installation
10.3.2.2.2. By Overhead Product
10.3.2.2.3. By Underground Product
10.3.2.2.4. By End-User
10.3.3. UAE Low Voltage Cable Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Installation
10.3.3.2.2. By Overhead Product
10.3.3.2.3. By Underground Product
10.3.3.2.4. By End-User
10.3.4. Saudi Arabia Low Voltage Cable Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Installation
10.3.4.2.2. By Overhead Product
10.3.4.2.3. By Underground Product
10.3.4.2.4. By End-User
11. Market Dynamics
11.1. Drivers
11.1.1. Increasing renewable energy production
11.1.2. Growth in industrialization and urbanization
11.1.3. Supportive government initiatives to expand and upgrade the system
11.2. Challenges
11.2.1. Raw material price volatility
11.2.2. Complex planning and authorization
12. Market Trends & Developments
12.1. Increasing demand of power
12.2. Increase in the supportive wind policies
12.3. Rising energy demand and incorporation of smart grid networks
12.4. Growing need for uninterrupted power supply in various industries
12.5. Rise in the demand for efficient power transmission equipment
13. Covid 19 impact on the Low Voltage Cable Market
14. Company Profiles
14.1. Prysmian Group
14.1.1. Business Overview
14.1.2. Key Revenue (If Available)
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Service Offered
14.2. Nexans S.A
14.2.1. Business Overview
14.2.2. Key Revenue (If Available)
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Service Offered
14.3. General Cable
14.3.1. Business Overview
14.3.2. Key Revenue (If Available)
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Service Offered
14.4. ABB Group
14.4.1. Business Overview
14.4.2. Key Revenue (If Available)
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Service Offered
14.5. Sumitomo Electric Industries
14.5.1. Business Overview
14.5.2. Key Revenue (If Available)
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Service Offered
14.6. NK Communications
14.6.1. Business Overview
14.6.2. Key Revenue (If Available)
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Service Offered
14.7. Encore Wire Corporation
14.7.1. Business Overview
14.7.2. Key Revenue (If Available)
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Service Offered
14.8. Finolex Cables
14.8.1. Business Overview
14.8.2. Key Revenue (If Available)
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Service Offered
14.9. TE Connectivity
14.9.1. Business Overview
14.9.2. Key Revenue (If Available)
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Service Offered
14.10. Caledonian Cables
14.10.1. Business Overview
14.10.2. Key Revenue (If Available)
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Service Offered
14.11. Polycab Wires
14.11.1. Business Overview
14.11.2. Key Revenue (If Available)
14.11.3. Recent Developments
14.11.4. Key Personnel
14.11.5. Key Product/Service Offered
14.12. Southwire Company, LLC
14.12.1. Business Overview
14.12.2. Key Revenue (If Available)
14.12.3. Recent Developments
14.12.4. Key Personnel
14.12.5. Key Product/Service Offered
14.13. Wanda Group
14.13.1. Business Overview
14.13.2. Key Revenue (If Available)
14.13.3. Recent Developments
14.13.4. Key Personnel
14.13.5. Key Product/Service Offered
14.14. Hangzhou Cable
14.14.1. Business Overview
14.14.2. Key Revenue (If Available)
14.14.3. Recent Developments
14.14.4. Key Personnel
14.14.5. Key Product/Service Offered
15. Strategic Recommendations
16. About Us & Disclaimer
(Note: The companies list can be customized based on the client requirements.)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings