published Date SEP 2018

Low Voltage Cable Market Segmentation by Installation Type, by End User, by Geography

Rising energy demand and increasing number of independent smart grids by utilities are attracting the low voltage cable manufacturers.

Increasing demand for overhead distribution networks in the Asia-Pacific region, transmission and distribution network expansion, and growth in the automotive industry are some of the factors driving the global low voltage cable market.

September, 2018: In 2017, the global demand for energy grew by 2.1%, which is more than twice the previous year’s rate. The demand was led by Asia-Pacific, which is witnessing a growing distribution network, as a result of the increase in the electrification rate. The distribution networks in the regions, such as North America, South America, and Asia-Pacific are mainly relying on overhead technology. Whereas, in Europe, the distribution networks in urban areas are on their way to be made fully undergrounded, due to the customer demand for reliability, and environmental concerns.

Demand for low voltage cables in the overhead lines is majorly seen in the Asia-Pacific region, owing to the growth in renewables and automotive sectors. As one of the fastest growing major economies in the world, India is on its way to becoming an economic powerhouse. To meet the country’s growing energy needs and provide “power for all” by 2019, the government is now relying on the integration of renewables, with the goal of using more than 50% to power the country by 2027. This target would be requiring a vast overhead distribution network, which, in turn, is expected to drive the demand for low voltage cables market.

Investments in smart grid technologies rose by 12% between 2014 and 2016. Countries such as the United States, China, and India are investing a considerable amount of money in their smart distribution networks. As of 2017, China and the United States are the top countries, with USD 3.34 and 2.12 billion of investments in smart distribution networks. Low voltage cables are used in the T&D networks, and this stands as one of the drivers of the low voltage cable market in the coming years.

The reportLow Voltage Cable Market Segmentation by Installation Type, by End User, by Geographyis now available, and can be purchased directly at:

Key Insights from the Report:

  • The demand for low voltage cables is expected to be driven by the increasing T&D network expansion and refurbishments, in a country like Germany, where the underground cable networks majorly drive the demand for the low voltage cable in the urban areas.
  • The renewables sector is expected to witness the fastest growth rate during the forecast period, owing to the energy transition in the regions, such as Europe, North America, and China.
  • Key players in the market include Prysmian SpA, Nexans S.A., Polycab Wires Pvt. Ltd, NKT Cables Group GmbH, Riyadh Cables Group of Companies, Hellenic Cables Holdings S.A., Encore Wire Corporation, Finolex Cables Limited, TE Connectivity Ltd, CBI-electric, and others.

Low Voltage Cable Market segmentation, based on installation type, end user, and regional coverage:

Low Voltage Cable Market, by Installation Type:

  • Overhead
  • Underground

Low Voltage Cable Market, by End User:

  • Commercial
  • Residential
  • Industrial
    • Power Sector
    • Oil and Gas
    • Chemical
    • Other End Users​​​​​​​

Low Voltage Cable Market, by Region:

North America

  • United States
  • Canada
  • Rest of North America


  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

South America           

  • Brazil
  • Argentina
  • Rest of South America    


  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Middle East & Africa  

  • Saudi Arabia
  • United Arab Emirates
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa

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