Ozone Market Reports projects that the Low Voltage Cable market size will grow from USD 124.3 Billion in 2017 to USD 192.9 Billion by 2023, at an estimated CAGR of 7.6%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The increasing spending on transmission and distribution network, growing industrialization and urbanization, and shift in focus towards renewable energy production are some of the key drivers of this market.Transmission & distribution (T&D) network is expanding globally on account of increase in power generation to satisfy the growing demand for electricity. Power cables & accessories are vital components for T&D network and will also grow in sync with the growth in T&D network. Low voltage cables & accessories market is expected to grow faster in developing countries where the T&D industry is in the growth stage. Moreover in the developed countries of Europe and North America the market will grow due to upgrade of their existing T&D network.The global low voltage cable market has been segmented based on installation into overhead and underground. The market has been further segmented; overhead products into conductors, fittings & fixtures, and others, where others include spacers, insulators, connectors, overhead ground wires, and guy wires; and underground products into PVC cables, XLPE cables, cable terminations, cable joints, and others, where others include EPR cable, cable connectors, cable glands, cleats & cable fixings, and cabinets.
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By Market Players:
Prysmian S.P.A , Nexans S.A. , General Cable Corporation , 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. , Brugg Group , Caledonian Cables Ltd. , Dubai Cable Company (Private) Ltd. , Hebei New Baofeng Wire & Cable Co., Ltd. , Kabelwerk Eupen AG , LS Cable & System Ltd. , Polycab Wires Pvt. Ltd. , Riyadh Cables Group of Companies , Southwire Company, LLC , Top Cable, S.A.
Conductors, Fittings & Fixtures, Others, ,
PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others
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Infrastructure, Industrial, Renewables, ,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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