Low Voltage Cable Market Size

Statistics for the 2023 & 2024 Low Voltage Cable market size, created by Mordor Intelligence™ Industry Reports. Low Voltage Cable size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Low Voltage Cable Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Low Voltage Cable Market Forecast
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Low Voltage Cable Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Low Voltage Cable Market Analysis

The global low voltage cable market is expected to grow at a CAGR of more than 3% over the period of 2020-2025. Factors such as the growing urban population and expansion of distribution network to improve the electrification rate, along with the robust construction activity in the commercial sector, are driving the market demand. Moreover, the booming renewable industry incorporates the use of low voltage cables such as powering of vital equipment of a wind turbine and interconnections between solar panels and other photo-voltaic systems, which in turn is expected to drive the low voltage cable market. The challenge, however, is the delay in transmission & distribution (T&D) projects and slow economic growth globally, which is restraining the growth of the market.

  • The underground cable segment is to expected to be the fastest growing segmentfor the low voltage cable market during the forecast period, owing to its several advantages in comparison to overhead installations plus increasing adoption of underground cable deployment by several developing countries.
  • With rising electrification projects in Africa, low voltage cables are used to provide electricity from the distribution substations to the customer. The increasing rural electrification is expected to offer a tremendous opportunity for low voltage cables.
  • Asia-Pacific is expected to lead the market and also be the fastest growing market during the forecast period, driven by rise in energy demand associated with China and India, which are the major drivers of the low cable voltage market.

Low Voltage Cable Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)