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市場調査レポート
商品コード
1675762
低電圧ケーブル(LVケーブル)の市場規模、シェア、動向、予測:設置タイプ別、材料別、架空製品別、地下製品別、エンドユーザー別、地域別、2025-2033年Low Voltage Cable Market Size, Share, Trends and Forecast by Installation Type, Material, Overhead Product, Underground Product, End-User, and Region, 2025-2033 |
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低電圧ケーブル(LVケーブル)の市場規模、シェア、動向、予測:設置タイプ別、材料別、架空製品別、地下製品別、エンドユーザー別、地域別、2025-2033年 |
出版日: 2025年03月01日
発行: IMARC
ページ情報: 英文 149 Pages
納期: 2~3営業日
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低電圧ケーブル(LVケーブル)の市場の世界市場規模は、2024年に1,230億米ドルとなりました。今後、IMARC Groupは、2033年までに市場は1,982億米ドルに達し、2025年から2033年までのCAGRは5.4%になると予測しています。2024年の市場は現在、アジア太平洋地域が支配的です。自動車産業の著しい成長、老朽化したインフラの近代化の進行、自動化の進展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、低電圧ケーブル(LVケーブル)の市場シェアの拡大を後押ししています。
低電圧ケーブル(LV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、1000ボルトを超えないエネルギーを必要とする住宅、商業、および工業環境で使用されます。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、幅広い用途を可能にしています。
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、新興経済諸国を中心としたインフラの継続的な開発により、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後押ししています。
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、さまざまな製造工程や電化工程でLVケーブルの需要が増加しています。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(LVケーブル)は重要な部品です。低電圧ケーブル(LV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。開発メーカーは、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、自動車業界におけるエネルギー効率基準と持続可能性目標の幅広い採用が、LVケーブル市場の革新と成長を促す環境を作り出しています。
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(LV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非効率に悩まされることが多く、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。
The global low voltage cable market size was valued at USD 123.0 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 198.2 Billion by 2033, exhibiting a CAGR of 5.4% from 2025-2033. Asia Pacific currently dominates the market in 2024. The notable growth in the automotive industry, ongoing trend of modernization of aging infrastructure, growing automation and adoption of smart grids, and the increasing emphasis on renewable energy integration are some of the factors propelling the expansion of the low voltage cable market share.
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.
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.
Overhead represents the largest market 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.
Aluminum accounts for the majority of the market share
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.
Conductors represent the largest market 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.
XLPE cables account for the majority of the market share
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.
Industrial represents the largest market 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.
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.
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.
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.