低電圧ケーブル市場レポート：設置タイプ、材料、架空製品、地下製品、エンドユーザー、地域別、2024年～2032年

世界の低電圧ケーブル市場規模は、2023年に1,164億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけての成長率（CAGR）は5.7%で、2032年には1,941億米ドルに達すると予測しています。自動車産業の大幅な成長、老朽化したインフラの近代化傾向の高まり、急速な自動化とスマートグリッドの採用、再生可能エネルギー統合の重視の高まりなどが、市場を推進している要因の一部です。

LVケーブルと呼ばれる低電圧ケーブルは、少ないエネルギーを必要とする用途に適した電圧レベルで電気を通すように特別に設計された電気ケーブルです。このタイプのケーブルは一般に、住宅、商業、工業環境で、1000ボルトを超えないエネルギー・ニーズに採用されています。LVケーブルの構造には、環境要因から保護する絶縁材料、電気を伝達する銅またはアルミニウム製の導体、さらなる安全性を提供する被覆が含まれます。LVケーブルの仕組みは、低電圧の電気機器と電源の間で電流を伝送することで、照明、暖房、小型から中型の機器への電力供給など、幅広い用途に利用できます。

LVケーブルの世界市場は、信頼性が高く効率的なエネルギー・ソリューションを必要とする急速な都市化と工業化が主な要因となっています。これに伴い、ソーラーパネルや風力タービンの接続を必要とする再生可能エネルギーの統合が重視されるようになり、市場に弾みがついています。さらに、住宅や商業ビルにおけるエネルギー効率の高いソリューションに対する需要の高まりが、市場の重要な成長促進要因となっています。これに加えて、特に新興経済諸国では、インフラの継続的な発展により、LVケーブル・ソリューションへの投資が増加しています。これに加えて、電気設備における安全性への注目の高まりが、市場に有利な機会を生み出しています。さらに、自動化やスマートグリッドへの世界のシフト、省エネルギーを強調する規制や規格が市場を牽引しています。これとは別に、データ転送にLVケーブルを必要とする通信ネットワークの拡大が市場を促進しています。

低電圧ケーブル市場の動向と促進要因：

自動車産業の著しい成長

自動車産業は現在大幅な成長を遂げており、さまざまな製造および電化プロセス用のLVケーブルの需要増につながっています。これは特に電気自動車（EV）の製造において顕著であり、低電圧ケーブルは重要な部品です。低電圧ケーブルはさまざまな電気部品を接続し、充電機能を実現することで、自動車の効率的かつ安全な運転を保証します。よりクリーンで持続可能な輸送手段への世界のシフトが進行しているため、EVの生産と使用に対する政府のインセンティブが高まっています。このようなインセンティブはLVケーブルの市場動向に大きな影響を及ぼしており、自動車業界は電気自動車生産に特有の要件を満たすためにLVコンポーネントへの依存度を高めています。メーカーは、自動車用途の特殊な要求に対応できる特殊なLVケーブルを開発することで対応しています。さらに、自動車業界ではエネルギー効率基準と持続可能性の目標が広く採用されているため、LVケーブル市場の革新と成長を促進する環境が整っています。

老朽インフラの近代化動向の高まり

既存の電気ネットワークの改善と拡張への重点的な取り組みが強化され、世界市場の成長に大きく貢献しています。低電圧ケーブルは、安全で効率的なエネルギー配給を確保するという目標の中心的存在であり、旧式の電力システムのアップグレードという観点からその重要性を誇張することはできないです。老朽化したインフラはしばしば非効率に悩まされ、安全上のリスクをもたらす可能性があるため、早急な近代化が必要です。これらのシステムを現在の基準や需要を満たすようにアップグレードするプロセスでは、安定性、信頼性、規制要件への準拠を確保するために、LVケーブルを含む最新技術の統合が必要となります。政府と民間団体は、インフラ開発プロジェクトに投資しており、LVケーブルがこれらの取り組みにおいて重要な役割を果たすことを認識しています。技術革新を促進し、厳格な品質基準を導入することで、業界はさまざまなインフラの近代化から生じる多様で複雑なニーズに対応しています。

急速な自動化とスマートグリッドの導入

自動化システムへの移行とスマートグリッドの普及は、LVケーブルに大きく依存する要因であり、この依存が市場の成長に寄与しています。相互接続されたインテリジェントなエネルギーネットワークの構築における低圧ケーブルの役割は極めて重要です。これらのケーブルは、より正確な制御、監視、配電を可能にし、効率の最適化と無駄の削減を可能にします。スマートグリッドの導入は、エネルギー管理における重要な進歩と考えられており、シームレスな機能を確保するためにLVケーブルが必要です。さらに、さまざまな分野の産業プロセスにおける自動化の動向は、信頼性の高い運用のためにLVケーブルを必要としています。これらの先端技術の統合は、LVケーブル業界に革新と拡大の機会をもたらします。デジタル化とコネクテッド・テクノロジーの採用が世界的に推進される中、LVケーブルは現代のエネルギーおよび業界情勢に不可欠な存在として浮上しています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 低電圧ケーブルの世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場内訳：設置タイプ別
• 市場内訳：材料別
• 市場内訳：架空製品別
• 市場内訳：地下製品別
• 市場内訳：エンドユーザー別
• 市場内訳：地域別
• 市場予測

第6章 市場内訳：設置タイプ別

• 架空
  • 市場動向
  • 市場予測
• 地下
  • 市場動向
  • 市場予測

第7章 市場内訳：材料別

• 銅
  • 市場動向
  • 市場予測
• アルミニウム
  • 市場動向
  • 市場予測

第8章 市場内訳：架空製品別

• 導体
  • 市場動向
  • 市場予測
• 継手・取り付け具
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場展望

第9章 市場内訳：地下製品別

• PVCケーブル
  • 市場動向
  • 市場予測
• XLPEケーブル
  • 市場動向
  • 市場予測
• ケーブル終端
  • 市場動向
  • 市場予測
• ケーブルジョイント
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場展望

第10章 市場内訳：エンドユーザー別

• インフラ
  • 市場動向
  • 主要最終用途セグメント
    • 商業および住宅
    • 運輸
    • その他
  • 市場予測
• 産業
  • 市場動向
  • 主要最終用途セグメント
    • 公益事業
    • 石油・ガス
    • 鉱業
    • 化学・石油化学
    • その他
  • 市場予測
• 再生可能エネルギー
  • 市場動向
  • 市場内訳：セグメント別
    • 風力
    • 太陽光
  • 市場予測

第11章 市場内訳：地域別

• アジア太平洋
  • 市場動向
  • 市場予測
• 欧州
  • 市場動向
  • 市場予測
• 北米
  • 市場動向
  • 市場予測
• 中東・アフリカ
  • 市場動向
  • 市場予測
• ラテンアメリカ
  • 市場動向
  • 市場予測

第12章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第13章 バリューチェーン分析

第14章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第15章 価格分析

第16章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • 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
  • Hangzhou Cable

List of Figures

• Figure 1: Global: Low Voltage Cable Market: Major Drivers and Challenges
• Figure 2: Global: Low Voltage Cable Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Low Voltage Cable Market: Breakup by Installation Type (in %), 2023
• Figure 4: Global: Low Voltage Cable Market: Breakup by Material (in %), 2023
• Figure 5: Global: Low Voltage Cable Market: Overhead Products Breakup by Type (in %), 2023
• Figure 6: Global: Low Voltage Cable Market: Underground Products Breakup by Type (in %), 2023
• Figure 7: Global: Low Voltage Cable Market: Breakup by End-User (in %), 2023
• Figure 8: Global: Low Voltage Cable Market: Breakup by Region (in %), 2023
• Figure 9: Global: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 10: Global: Low Voltage Cable Industry: SWOT Analysis
• Figure 11: Global: Low Voltage Cable Industry: Value Chain Analysis
• Figure 12: Global: Low Voltage Cable Industry: Porter's Five Forces Analysis
• Figure 13: Global: Low Voltage Cable (Overhead) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 14: Global: Low Voltage Cable (Overhead) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 15: Global: Low Voltage Cable (Underground) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 16: Global: Low Voltage Cable (Underground) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 17: Global: Low Voltage Cable (Copper) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 18: Global: Low Voltage Cable (Copper) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 19: Global: Low Voltage Cable (Aluminum) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 20: Global: Low Voltage Cable (Aluminum) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 21: Global: Low Voltage Cable (Conductors) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 22: Global: Low Voltage Cable (Conductors) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 23: Global: Low Voltage Cable (Fittings and Fixtures) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 24: Global: Low Voltage Cable (Fittings and Fixtures) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 25: Global: Low Voltage Cable (Other Overhead Products) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 26: Global: Low Voltage Cable (Other Overhead Products) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 27: Global: Low Voltage Cable (PVC Cables) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 28: Global: Low Voltage Cable (PVC Cables) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 29: Global: Low Voltage Cable (XLPE Cables) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 30: Global: Low Voltage Cable (XLPE Cables) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 31: Global: Low Voltage Cable (Cable Terminations) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 32: Global: Low Voltage Cable (Cable Terminations) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 33: Global: Low Voltage Cable (Cable Joints) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 34: Global: Low Voltage Cable (Cable Joints) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 35: Global: Low Voltage Cable (Other Underground Products) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 36: Global: Low Voltage Cable (Other Underground Products) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 37: Global: Low Voltage Cable (Infrastructure) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 38: Global: Low Voltage Cable (Infrastructure) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 39: Global: Low Voltage Cable (Industrial) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 40: Global: Low Voltage Cable (Industrial) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 41: Global: Low Voltage Cable (Renewables) Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 42: Global: Low Voltage Cable (Renewables) Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 43: Asia Pacific: Low Voltage Cable Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 44: Asia Pacific: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 45: Europe: Low Voltage Cable Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 46: Europe: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 47: North America: Low Voltage Cable Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 48: North America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 49: Middle East and Africa: Low Voltage Cable Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 50: Middle East and Africa: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 51: Latin America: Low Voltage Cable Market: Sales Value (in Billion US$), 2018 & 2023
• Figure 52: Latin America: Low Voltage Cable Market Forecast: Sales Value (in Billion US$), 2024-2032

List of Tables

• Table 1: Global: Low Voltage Cable Market: Key Industry Highlights, 2023 & 2032
• Table 2: Global: Low Voltage Cable Market Forecast: Breakup by Installation Type (in Billion US$), 2024-2032
• Table 3: Global: Low Voltage Cable Market Forecast: Breakup by Material (in Billion US$), 2024-2032
• Table 4: Global: Low Voltage Cable Market Forecast: Breakup by Overhead Product (in Billion US$), 2024-2032
• Table 5: Global: Low Voltage Cable Market Forecast: Breakup by Underground Product (in Billion US$), 2024-2032
• Table 6: Global: Low Voltage Cable Market Forecast: Breakup by End-User (in Billion US$), 2024-2032
• Table 7: Global: Low Voltage Cable Market Forecast: Breakup by Region (in Billion US$), 2024-2032
• Table 8: Global: Low Voltage Cable Market Structure
• Table 9: Global: Low Voltage Cable Market: Key Players

Abstract

The global low voltage cable market size reached US$ 116.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 194.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032. The considerable growth in the automotive industry, rising trend of modernization of aging infrastructure, rapid automation and adoption of smart grids, and the growing emphasis on renewable energy integration are some of the factors propelling the market.

A low voltage cable, often referred to as LV cable, is an electrical cable specifically designed to conduct electricity at a voltage level suitable for applications requiring less energy. This type of cable is generally employed in residential, commercial, and industrial environments for energy needs that do not exceed 1000 volts. The structure of LV cables includes insulation materials to protect against environmental factors, conductors made of copper or aluminum to transfer electricity, and sheathing to provide additional safety. Their working mechanism involves the transmission of electrical current between low voltage electrical appliances and the power source, enabling a wide range of applications in lighting, heating, and powering small to medium devices.

The global market for LV cables is primarily driven by rapid urbanization and industrialization, that necessitates reliable and efficient energy solutions. In line with this, the growing emphasis on renewable energy integration requiring connecting solar panels and wind turbines is providing an impetus to the market. Moreover, the augmenting demand for energy-efficient solutions in residential and commercial buildings is acting as a significant growth-inducing factor for the market. In addition to this, continuous development in infrastructure, especially in emerging economies, is resulting in higher investment in LV cable solutions. Besides this, the rising focus on safety in electrical installations is creating lucrative opportunities in the market. The market is further driven by the global shift towards automation and smart grids, as well as regulations and standards emphasizing energy conservation. Apart from this, the expansion of telecommunication networks requiring LV cables for data transfer is propelling the market.

Low Voltage Cable Market Trends/Drivers:

Considerable growth in the automotive industry

The automotive industry is currently experiencing substantial growth, leading to an increased demand for LV cables for various manufacturing and electrification processes. This is particularly evident in the production of electric vehicles (EVs), where low voltage cables are a critical component. They connect various electrical parts and enable charging functionalities, ensuring that the vehicles operate efficiently and safely. The ongoing global shift towards cleaner and more sustainable transportation options has resulted in increased government incentives for EV production and usage. These incentives are having a profound influence on the market trends for LV cables, as the automotive industry increasingly turns to these components to meet the unique requirements of electric vehicle production. Manufacturers are responding by developing specialized LV cables that can handle the specific demands of automotive applications. In addition, the broader adoption of energy efficiency standards and sustainability goals within the automotive industry has created a conducive environment for innovation and growth in the LV cables market.

Rising trend of modernization of aging infrastructure

An enhanced focus on improving and expanding existing electrical networks is contributing substantially to the growth of the global market. Low voltage cables are central to the goal of ensuring safe and efficient energy distribution, and their importance cannot be overstated in the context of upgrading older power systems. Aging infrastructure often struggles with inefficiencies and can pose safety risks, thus necessitating immediate modernization. The process of upgrading these systems to meet current standards and demands requires the integration of modern technology, including LV cables, to ensure stability, reliability, and compliance with regulatory requirements. Governments and private entities are investing in infrastructure development projects, recognizing the crucial role that LV cables play in these endeavors. By fostering innovation and implementing stringent quality standards, the industry is working to meet the diverse and complex needs arising from the modernization of various infrastructures.

Rapid automation and adoption of smart grids

The transition to automated systems and the widespread adoption of smart grids are factors that heavily depend on LV cables, and this dependence is contributing to the market growth. The role of low voltage cables in the creation of interconnected, intelligent energy networks is pivotal. These cables enable more precise control, monitoring, and distribution of electricity, allowing for the optimization of efficiency and reduction of waste. The deployment of smart grids is considered a significant advancement in energy management, requiring LV cables to ensure seamless functionality. Additionally, the trend towards automation in industrial processes across various sectors necessitates LV cables for reliable operations. The integration of these advanced technologies creates opportunities for the LV cable industry to innovate and expand. With the global drive towards digitization and the adoption of connected technologies, LV cables are emerging as an essential part of modern energy and industrial landscapes.

Low Voltage Cable Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global low voltage cable market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on installation type, material, overhead product, underground product and end-user.

Breakup by Installation Type:

Overhead

Underground

Overhead represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the installation type. This includes overhead and underground. According to the report, overhead represented the largest segment.

The overhead LV cable market is influenced by factors such as cost-effectiveness, ease of installation, and adaptability to various terrains. Overhead cables are often used in rural electrification, urban settings, and utility applications due to their visibility and ease of maintenance. Infrastructure development and the expansion of power networks further support this segment's growth.

On the other hand, the underground LV cable segment is growing due to the need for safety, aesthetics, and resilience against weather conditions. Rapid urbanization, stringent regulations on overhead cabling in city centers, and a focus on reducing exposure to electrical hazards are key factors creating a positive outlook for the market in this segment. Technological advancements in insulation and protection technologies also contribute to the segment growth.

Breakup by Material:

Copper

Aluminum

Aluminum accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the material. This includes copper and aluminum. According to the report, aluminum represented the largest segment.

Aluminum is preferred for its lightweight and cost-efficiency, especially in long-distance transmission. This segment benefits from growth in sectors where weight and cost are major considerations, such as in renewable energy installations. As the world increasingly turns towards sustainable energy sources, the demand for renewable energy installations continues to rise. In such projects, weight and cost considerations become crucial, and aluminum cables are preferred over other materials.

On the other hand, copper LV cables are favored for their high conductivity, durability, and efficiency. The growing demands in industrial applications, renewable energy projects, and telecommunications are driving the copper segment. Copper's recyclability also aligns with sustainability goals.

Breakup by Overhead Product:

Conductors

Fittings and Fixtures

Others

Conductors represent the largest market segment

The report has provided a detailed breakup and analysis of the market based on the overhead product. This includes conductors, fittings and fixtures, and others. According to the report, conductors represented the largest segment.

The conductors segment is vital for transmitting electrical energy. Driven by demands in various industries, including utilities, manufacturing, and construction, advancements in conductor materials and technologies also support this segment. Continual innovations in conductor technologies allow for higher current-carrying capacity, reduced resistive losses, and enhanced overall efficiency.

On the other hand, the fittings and fixtures segment is influenced by the significant growth in the construction and industrial sectors. Innovation in fittings and fixtures, alignment with safety standards, and demands for energy-efficient solutions are driving factors.

Breakup by Underground Product:

PVC Cables

XLPE Cables

Cable Terminations

Cable Joints

Others

XLPE cables account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the underground product. This includes PVC cables, XLPE cables, cable terminations, cable joints, and others. According to the report, XLPE cables represented the largest segment.

XLPE cables offer high-temperature resistance and excellent electrical properties. Their adoption in high-stress environments like utilities and industrial applications supports their market growth.

On the other hand, PVC cables are known for flexibility and resistance to environmental factors. Their use across multiple industries, such as automotive and construction, along with technological enhancements in PVC materials, propels this segment.

Additionally, increased electrification, the modernization of grid infrastructure, and growth in renewable energy projects drive the cable terminations segment. Reliability and efficiency are key considerations here.

Moreover, the cable joints segment benefits from expanding power networks, industrial growth, and the need for secure and reliable connections. Innovations in jointing technologies also influence this segment.

Breakup by End-User:

Infrastructure

Commercial and Residential

Transportation

Others

Industrial

Utilities

Oil and Gas

Mining

Chemicals and Petrochemicals

Others

Renewables

Wind

Solar

Industrial represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the end-user. This includes infrastructure (commercial and residential, transportation, and others), industrial (utilities, oil and gas, mining, chemicals and petrochemicals, and others), and renewables (wind, solar). According to the report, industrial represented the largest segment.

In the industrial segment, automation, digitization, and the adoption of energy-efficient practices are the key driving factors. Industries ranging from manufacturing to healthcare are integrating advanced electrical systems that rely on LV cables for their operations. The growing emphasis on minimizing energy waste and improving overall efficiency is leading industries to invest in LV cable systems that meet specific needs and standards.

On the other hand, the infrastructure segment's growth is driven by urbanization, increased demand for safe and efficient energy distribution, and the continuous need for modernizing existing systems. Investments in both residential and commercial construction projects are escalating, leading to the growth of smart buildings that require advanced LV cable systems.

Furthermore, the renewables segment is propelled by a global shift towards clean and sustainable energy sources. Governments are implementing policies and providing incentives to encourage renewable energy production, which in turn stimulates the demand for specialized LV cables.

Breakup by Region:

Asia Pacific

Europe

North America

Middle East and Africa

Latin America

Asia Pacific exhibits a clear dominance, accounting for the largest low voltage cable market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes Asia Pacific; North America; Europe; Middle East and Africa; and Latin America. According to the report, Asia Pacific represented the largest market.

The Asia Pacific region is witnessing significant growth in the LV cable market due to several factors. Rapid urbanization and industrialization in countries such as China, India, and Japan are leading to increased demand for LV cables in both infrastructure and industrial applications.

Investments in renewable energy projects are on the rise in the region, supported by governmental policies aiming to reduce carbon emissions and dependence on non-renewable energy sources. Additionally, the modernization of aging infrastructure in many countries within the region necessitates the adoption of advanced LV cables to ensure safety and efficiency.

The region's focus on technological innovation and adoption of smart grid technologies further fuels the demand for LV cables. There is also a growing trend towards the electrification of transportation, particularly in emerging economies, contributing to the growth of the automotive segment of the LV cable market.

Competitive Landscape:

The top market players are heavily investing in research and development (R&D) activities to create innovative and more efficient LV cable products. They are developing cables with enhanced insulation, better conductivity, and increased reliability, adapting to the ever-changing needs of various industrial, infrastructure, and renewable energy sectors. By tailoring products to the specific needs and regulations of different regions, the major companies are capturing new customer bases and fostering growth. With an increasing global focus on sustainability and environmental responsibility, leading LV cable manufacturers are developing eco-friendly and recyclable materials for their products. The major players are also investing in new manufacturing facilities and modernizing existing ones helps top players increase production capacities.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the 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

Hangzhou Cable

Recent Developments:

On February 2023, Prysmian Group launched Prysmian Prysolar, an innovative cable solution for solar power generation, that is fully compliant with the applicable global standards EN 50618 and IEC 62930, and enhanced with long term resistance in water up to 1800 V DC.

On June 2023, Nexans S.A launched a new high-voltage cable range for electrical and hybrid aircraft, and E-VTOL (Electrical Vertical Take-Off and Landing Vehicules) that fit assist in reducing the overall carbon footprint.

On May 2023, ABB completed its acquisition of the Siemens low voltage NEMA motor business. The acquisition of this business is part of the Motion business area's profitable growth strategy. The line of horizontal and vertical induction severe duty and general-purpose motors will be re-branded as ABB and reintroduced to the market during the second quarter of 2023.

Key Questions Answered in This Report

• 1. What was the size of the global low voltage cable market in 2023?
• 2. What is the expected growth rate of the global low voltage cable market during 2024-2032?
• 3. What are the key factors driving the global low voltage cable market?
• 4. What has been the impact of COVID-19 on the global low voltage cable market?
• 5. What is the breakup of the global low voltage cable market based on the installation type?
• 6. What is the breakup of the global low voltage cable market based on the material?
• 7. What is the breakup of the global low voltage cable market based on overhead product?
• 8. What is the breakup of the global low voltage cable market based on the underground product?
• 9. What is the breakup of the global low voltage cable market based on the end user?
• 10. What are the key regions in the global low voltage cable market?
• 11. Who are the key players/companies in the global low voltage cable market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Low Voltage Cable Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Installation Type
• 5.5 Market Breakup by Material
• 5.6 Market Breakup by Overhead Product
• 5.7 Market Breakup by Underground Product
• 5.8 Market Breakup by End-User
• 5.9 Market Breakup by Region
• 5.10 Market Forecast

6 Market Breakup by Installation Type

• 6.1 Overhead
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Underground
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Material

• 7.1 Copper
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Aluminum
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Overhead Product

• 8.1 Conductors
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Fittings and Fixtures
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Others
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Market Breakup by Underground Product

• 9.1 PVC Cables
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 XLPE Cables
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Cable Terminations
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Cable Joints
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Others
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast

10 Market Breakup by End-User

• 10.1 Infrastructure
  • 10.1.1 Market Trends
  • 10.1.2 Major End-Use Segments
    • 10.1.2.1 Commercial and Residential
    • 10.1.2.2 Transportation
    • 10.1.2.3 Others
  • 10.1.3 Market Forecast
• 10.2 Industrial
  • 10.2.1 Market Trends
  • 10.2.2 Major End-Use Segments
    • 10.2.2.1 Utilities
    • 10.2.2.2 Oil and Gas
    • 10.2.2.3 Mining
    • 10.2.2.4 Chemicals and Petrochemicals
    • 10.2.2.5 Others
  • 10.2.3 Market Forecast
• 10.3 Renewables
  • 10.3.1 Market Trends
  • 10.3.2 Market Breakup by Segment
    • 10.3.2.1 Wind
    • 10.3.2.2 Solar
  • 10.3.3 Market Forecast

11 Market Breakup by Region

• 11.1 Asia Pacific
  • 11.1.1 Market Trends
  • 11.1.2 Market Forecast
• 11.2 Europe
  • 11.2.1 Market Trends
  • 11.2.2 Market Forecast
• 11.3 North America
  • 11.3.1 Market Trends
  • 11.3.2 Market Forecast
• 11.4 Middle East and Africa
  • 11.4.1 Market Trends
  • 11.4.2 Market Forecast
• 11.5 Latin America
  • 11.5.1 Market Trends
  • 11.5.2 Market Forecast

12 SWOT Analysis

• 12.1 Overview
• 12.2 Strengths
• 12.3 Weaknesses
• 12.4 Opportunities
• 12.5 Threats

13 Value Chain Analysis

14 Porter's Five Forces Analysis

• 14.1 Overview
• 14.2 Bargaining Power of Buyers
• 14.3 Bargaining Power of Suppliers
• 14.4 Degree of Competition
• 14.5 Threat of New Entrants
• 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

• 16.1 Market Structure
• 16.2 Key Players
• 16.3 Profiles of Key Players
  • 16.3.1 Prysmian Group
  • 16.3.2 Nexans S.A
  • 16.3.3 General Cable
  • 16.3.4 ABB Group
  • 16.3.5 Sumitomo Electric Industries
  • 16.3.6 NK Communications
  • 16.3.7 Encore Wire Corporation
  • 16.3.8 Finolex Cables
  • 16.3.9 TE Connectivity
  • 16.3.10 Caledonian Cables
  • 16.3.11 Polycab Wires
  • 16.3.12 Leoni AG
  • 16.3.13 Southwire Company, LLC
  • 16.3.14 Wanda Group
  • 16.3.15 Hangzhou Cable