Pune, May 10, 2023 (GLOBE NEWSWIRE) -- As per the report published by Maximize Market Research, the global Low Voltage Power Cable Market was USD 105 Bn in 2021 and is expected to become USD 163 Bn at a CAGR of 6.5 percent during the forecast period. A global Energy and Power business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Low Voltage Power Cable Market”.
Low Voltage Power Cable Market Report Scope and Research Methodology
| Market Size in 2022 | USD 105 Bn. |
| Market Size in 2029 | USD 163 Bn. |
| CAGR | 6.5 percent (2022-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 272 |
| No. of Tables | 117 |
| No. of Charts and Figures | 114 |
| Segment Covered | Installation, Products and End user |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report covers Low Voltage Power Cable Market segmentation, development trend, application, industry overview and competitive landscape. It also includes product demand by region production numbers and factors that affect the market. Detailed information about the important Low Voltage Power Cable key players with their strategies to increase their presence in the market has been provided in the report. It includes an in-depth analysis of business performance, product portfolio and innovations by market participants.
The bottom-up approach was used to estimate the global and regional Low Voltage Power Cable Market size. Both primary and secondary research methods were used to collect the data for the Low Voltage Power Cable Market report. The secondary sources include official databases of various organizations and government sites, annual or financial reports, industry journals, and releases of product manufacturers and suppliers in the Low Voltage Power Cable industry along with free and paid databases. The primary sources are manufacturers, technology developers, distributors, service providers, experts from core and related industries and organizations related to all segments related to the Low Voltage Power Cable industry’s supply chain. SWOT analysis was used to provide the strengths and weaknesses of the Low Voltage Power Cable manufacturers while PESTLE was employed to understand the potential impact of the macro-economic and micro-economic factors affecting the Low Voltage Power Cable Market.
Low Voltage Power Cable Market Overview
Low Voltage Cables are used for transmitting power at relatively low voltages that are below 1000 volts. These cables are used in a wide range of applications such as telecommunications, power distribution, data centres, sound and security alarms, video surveillance, etc. The increasing demand for energy and the growing construction industry are the factors because of which the market is growing in recent years.
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Low Voltage Power Cable Market Dynamics
The increasing number of small-scale industries has driven the market over the last decade. The mining activities also contribute to the growth of the market because the mining industry requires equipment that works on low voltage. The need and utilization of Low Voltage cables are increasing due to the rising need for an uninterrupted power supply, which has increased power generation, distribution, and transmission across the world. A huge investment is required for the implementation of the low-voltage cable roll out programs to make electricity available at the required location.
Low Voltage Power Cable Market Regional Insights
The Low Voltage Power Cable Market in the Asia Pacific region is expected to grow at a high rate during the forecast period. Thanks to the growing population and urbanization in countries such as China, Japan, India and South Korea.
The Low Voltage Power Cable Market in the North America region is majorly driven by the electronics industry. The region is the home of top electronics companies across the world. The European market has also been driven by the adoption of renewables and the upgradation of the present grid.
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Low Voltage Power Cable Market Segmentation
By Installation
- Overhead
- Underground
By Products
- Overhead Products
- Conductors
- fittings and Fixtures
- Other Low Voltage Accessories
- Underground Products
- PVC Cables
- XLPE Cables
- Cable Terminations
- Cable Joints
By End user
- Infrastructure
- Commercial and residential
- Transportation and Other
- Industrial Market
- Renewables
Low Voltage Power Cable Market Key Competitors include:
- Prysmian S.P.A
- Nexans S.A.
- General Cables
- Sumitomo Electric Industries, Ltd.
- NKT Cables Group GmbH
- ABB Ltd.
- Encore Wire Corporation
- Finolex Cables Limited
- TE Connectivity Ltd.
- Bahra Advanced Cable Manufacture Co. Ltd.
- LS Cables and Systems
- Polycab
- KEI Industries
- Southwire
- Leoni AG
- Tratos Group
- Belden Inc.
- TPC Wire and Cable Corp.
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Key questions answered in the Low Voltage Power Cable Market are:
- What is a Low Voltage Power Cable?
- What are the global trends in the Low Voltage Power Cable Market?
- What are the upcoming industry applications and trends for the Low Voltage Power Cable Market?
- What are the factors contributing to the final price of Low Voltage Power Cable?
- What are the major challenges that the Low Voltage Power Cable Market could face in the future?
- What is the expected demand for different types of products in the Low Voltage Power Cable Market during the forecast period?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Low Voltage Power Cable Market?
- How is the intervention from the regulatory authority shaping the Low Voltage Power Cable Market?
- What growth strategies are the players considering to increase their presence in Low Voltage Power Cable Market?
- Who are the leading manufacturers in Low Voltage Power Cable Market?
- Who held the largest market share in Low Voltage Power Cable Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Installation, Products, End user and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
