Low Voltage Cable Market to be Dominated by Infrastructure Sector Through 2028
Rise in the
demand for efficient power transmission equipment drives the Global Low Voltage
Cable Market in the forecast period.
According to
TechSci Research report, “Low Voltage Cable Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028,” the Global Low
Voltage (LV) Cable Market is driven by various factors, including the rise in
demand for efficient power transmission equipment. Low voltage cables are
extensively used in power transmission and distribution systems to transmit
electrical energy from power plants to different substations, commercial
buildings, and residential areas. The increasing demand for reliable and
efficient power transmission equipment is leading to the growth of the Global
LV cable market. Moreover, the development of renewable energy sources, such as
wind, solar, and hydropower is also driving the demand for LV cables. These
energy sources require reliable and efficient cables for transmission of
electricity from the source to the grid.
Additionally,
the increasing demand for LV cables in the construction and automotive
industries is further fueling the growth of the market. Furthermore, the
governments of various countries are investing heavily on upgrading their power
infrastructure, which is leading to the growth of the LV cable market. The
development of smart grids and the deployment of advanced technologies in the
power transmission and distribution sector is also contributing to the growth
of the market. Overall, the rise in demand for efficient power transmission
equipment is a major driving factor for the Global LV cable market, and the
market is expected to witness significant growth in the coming years.
The policies
related to the low voltage cable market vary across different countries and
regions. However, some common themes that can be observed globally include
regulations related to safety, environmental sustainability, and energy
efficiency.
In the United
States, the National Electrical Code (NEC) sets standards for the installation
and use of low voltage cables, with specific requirements for fire safety,
grounding, and insulation. Additionally, the US Department of Energy (DOE) sets
energy efficiency standards for low voltage cables, as part of broader efforts
to reduce energy consumption.
In the European
Union (EU), the Low Voltage Directive (LVD) mandates safety requirements for
electrical equipment, including low voltage cables. The Restriction of
Hazardous Substances (RoHS) Directive sets limits on the use of hazardous
materials in electrical products, including low voltage cables.
In China, the
government has implemented policies to encourage the use of energy-efficient
technologies, including low voltage cables. The country has also set targets
for reducing greenhouse gas emissions, which has led to a focus on
environmentally friendly manufacturing processes for low voltage cables.
In India, the
Bureau of Indian Standards (BIS) sets standards for low voltage cables,
including safety and performance requirements. The government has also
implemented policies to promote the use of renewable energy sources, which has
created demand for low voltage cables for solar and wind energy projects.
Overall, the
policies related to the low voltage cable market across the globe reflects a
growing focus on safety, sustainability, and energy efficiency.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on the "Global
Low Voltage Cable Market."
Based on
Installation, the market is segmented into Overhead, and Underground. Based on
Overhead Product, the market is segmented into Conductors, Fittings and
Fixtures, Others.
Based on
Underground Product, the market is segmented into PVC Cables, XLPE Cables,
Cable Terminations, Cable Joints, Others. Based on End-User, the market is
segmented into Infrastructure, Industrial, and Renewables.
The low voltage
cable market is likely to be dominated by infrastructure projects in the near
future. This is because there is an increasing demand for electricity and data
communication networks in urban and rural areas, which requires the
installation of low voltage cables.
Infrastructure
projects such as building construction, transportation, energy generation and
distribution, and communication networks all require the use of low voltage
cables. As countries around the world focus on developing their infrastructure,
the demand for low voltage cables is expected to increase.
Furthermore,
the growing adoption of renewable energy sources such as solar and wind power
also requires the installation of low voltage cables to transfer the generated
power to the grid. This is expected to further drive the growth of the low
voltage cable market in the infrastructure sector. In addition, the increasing
use of smart grid technology and the growing demand for electric vehicles are
also expected to contribute to the growth of the global low voltage cable
market. These technologies require the use of low voltage cables to transmit
and distribute electricity.
Key market
players in the Global Low Voltage Cable Market include:
- Prysmian Group
- Nexans S.A
- General Cable
- ABB Group
- Sumitomo
Electric Industries
- NK
Communications
- Encore Wire
Corporation
- Finolex Cables
- TE Connectivity
- Caledonian
Cables
- Polycab Wires
- Leoni AG
- Southwire
Company, LLC
- Wanda Group
- Hangzhou Cable
Customers
can also request 10% free customization in this report.
“Low voltage
(LV) cables are used for transferring power to electrical equipment that has a
small voltage rating. They can handle 50-1000 volts in case of alternating
current and between 75-1500 volts of direct current. These cables are
manufactured using solid or stranded aluminum and flexible copper conductors.
High-quality LV cables are halogen-free, fire-resistant and ensure efficient
use of energy, quicker data transfer and seamless operations. LV cables are
primarily used for low-stress applications in automation systems,
infrastructure, video surveillance, sounds and security alarms, etc.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Low Voltage
Cable Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028, Segmented By Installation (Overhead, and Underground), By
Overhead Product (Conductors, Fittings and Fixtures, Others), By Underground
Product (PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others), By
End-user (Infrastructure, Industrial, and Renewables), By Region, Competition,” has evaluated the future growth
potential of Global Low Voltage Cable Market and provides statistics and
information on market structure, size, share, and future growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Low Voltage Cable Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com