Low Voltage Cable Market
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Low</strong> <strong>Voltage</strong> <strong>Cable</strong> <strong>Market</strong> (By End Users: Infrastructure,<br />
Utilities, Oil & Gas, Industrial, Renewable & Others; For<br />
Overhead And Underground Applications): Global Industry<br />
Perspective, Comprehensive Analysis, And Forecast, 2016 – 2022<br />
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<strong>Low</strong> <strong>Voltage</strong> <strong>Cable</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research has published a new report titled “<strong>Low</strong> <strong>Voltage</strong> <strong>Cable</strong> <strong>Market</strong> (By End Users:<br />
Infrastructure, Utilities, Oil & Gas, Industrial, and Renewable & Others; For Overhead And Underground<br />
Applications): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2016 – 2022”.<br />
According to the report, global low voltage cable market was valued at USD 110.8 billion in 2016 and is<br />
expected to reach USD 163.5 billion in 2022, growing at a CAGR of 6.3% between 2017 and 2022.<br />
To satisfy the growing demand for electricity transmission and distribution, the network is expanding<br />
globally on account of rising in power generation. Accessories and power cables are important<br />
components for transmission and distribution system and will also grow with the growth in transmission<br />
and distribution system. <strong>Low</strong> voltage cables are utilized for electrical equipment with a voltage rating for<br />
alternating current between 50 to 1000v and for direct current between 75 to 1500v, thus they are not<br />
subjected to high electric stress. <strong>Low</strong> voltage cables are built up with solid and standard, rigid, copper<br />
and aluminum conductors, flexible copper conductors. <strong>Low</strong> voltage cable is an important component for<br />
secondary distribution of electricity. <strong>Low</strong> voltage accessories are utilized to maintain cables in the<br />
distribution network.<br />
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Major driving factors for the growth of low voltage cable market are Increasing demand of renewable<br />
power and expansion in urbanization and industrialization. The global low voltage cable market offers<br />
new growth opportunities, due to rising demand for power and increasing automotive industry growth in<br />
Asia Pacific region with high potential. Lack of financial support and delays in authorization of different
<strong>Low</strong> <strong>Voltage</strong> <strong>Cable</strong> <strong>Market</strong><br />
project could be restraining factors for the low voltage cable market. The price of raw material is<br />
unpredictable and growing neutral market providing cheap products and low quality is expected to<br />
promote the use of low voltage cables. The smart grid is expected to fuel the demand further over the<br />
forecast years of low voltage cable market.<br />
On the basis of application, low voltage cable market is segmented into overhead and underground.<br />
Overhead segment held the largest market share due to low installation, O&M cost and huge demand<br />
across the globe. On the basis of overhead, low voltage cable market is further segmented into the fitting,<br />
conductor, and fixture. Underground segment observes significant growth subject to less damage from<br />
environmental and weather conditions benefits. On the basis of the underground, low voltage market<br />
more segmented into cable transmission, PVC cable, cable joints, and XLPE cable. <strong>Low</strong> voltage cables<br />
through both PVC and XLPE insulation are suitable for outdoor and indoor applications. The XLPE<br />
insulating material has the best manufacturing and testing practice with dielectric strength voltage.<br />
Underground segment observes significant growth subject to less damage from environmental and<br />
weather conditions.<br />
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On the basis of end users, low voltage cable market is segmented into infrastructure, utilities, oil & gas,<br />
industrial, renewable & others. The renewable segment is estimated to account for the largest low<br />
voltage cable market shares among all the end users. Renewable will develop extensively due to growing<br />
approval of sustainable technologies in global emission. Due to growing construction activities in<br />
developing countries infrastructure will increase moderately. The industrial sector will observe substantial<br />
growth owing to increasing investment towards up gradation of grid infrastructure.<br />
Asia Pacific region dominated the global industry in low voltage cable market. In India, the sales<br />
customer vehicles, two-wheelers, and commercial vehicles grew in 2016. The Middle East and Africa low<br />
voltage cable market are in the nascent stage of development. The Europe region is estimated to view
<strong>Low</strong> <strong>Voltage</strong> <strong>Cable</strong> <strong>Market</strong><br />
attractive growth subjected to rising adoption of viable technologies. <strong>Low</strong> voltage cable market is<br />
expected to observe an extensive growth due to increasing economy by the government and other<br />
financial institution in U.S. China, U.S, India, Germany, U.K, Brazil, South Africa and Japan are the major<br />
countries contributing to the growth of the global low voltage cable market.<br />
Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/low-voltagecable-market<br />
Some of the major players involved in the global low voltage cable market include ABB Ltd, Sumitomo<br />
Electric Industries, Nexans S.A, Prysmian S.P.A, Finolex <strong>Cable</strong>s Limited, General <strong>Cable</strong>, NKT <strong>Cable</strong>s,<br />
Group GmbH, Encore Wire, Polycab Wires Pvt. Ltd, Bahra Advanced <strong>Cable</strong> Manufacture Co. Ltd.<br />
This report segments the global low voltage cable market as follows:<br />
<strong>Low</strong> voltage cable <strong>Market</strong>: End Users Analysis<br />
<br />
<br />
<br />
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Infrastructure<br />
Utilities<br />
Oil & Gas<br />
Industrial<br />
Renewables & Others<br />
<strong>Low</strong> voltage cable <strong>Market</strong>: Application Analysis<br />
<br />
<br />
Overhead<br />
Underground
<strong>Low</strong> <strong>Voltage</strong> <strong>Cable</strong> <strong>Market</strong><br />
<strong>Low</strong> voltage cable <strong>Market</strong>: Regional Analysis<br />
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North America<br />
U.S.<br />
Europe<br />
UK<br />
France<br />
Germany<br />
Asia Pacific<br />
China<br />
Japan<br />
India<br />
Latin America<br />
Brazil<br />
The Middle East and Africa<br />
For Media Inquiry contact our sales Team @ sales@zionmarketresearch.com
<strong>Low</strong> <strong>Voltage</strong> <strong>Cable</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT +49-322 210 92714<br />
Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.comWeb: www.zionmarketresearch.com
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