22-Jul-2021 | Zion Market Research
The global Low Voltage Cable market accounted for USD 145.9 Billion in 2020 and is expected to reach USD 216.2 Billion by 2028, growing at a CAGR of around 4.9% between 2021 and 2028.
The report covers forecast and analysis for the Low Voltage Cable market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Million). The study includes drivers and restraints for the Low Voltage Cable market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Low Voltage Cable market on a global level.
This report offers comprehensive coverage on global Low Voltage Cable market along with, market trends, drivers, and restraints of Low Voltage Cable market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Low Voltage Cable market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.
The study provides a decisive view on the low voltage cable market by segmenting the market based on application and end user. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. Key application segments covered under this study include overhead and underground. On the basis of end users, the market has been segmented into infrastructure, utilities, oil & gas, industrial, renewable, and others. The regional segmentation includes the current and forecasted demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes demand for low voltage cable based on individual applications in all the regions and countries.
Regionally, Asia Pacific has been leading the worldwide low voltage cable market and is anticipated to continue in the dominant position in the years to come. The flourishing vehicle sector and scarcity of power supply in the region leading to mammoth demand for electricity is the main factor behind the dominance of the Asia Pacific low voltage cable market. The high number of market players being headquartered in the Asia Pacific is another significant factor that is supporting the growth of this regional low voltage cable market. In addition, large-scale sales of passenger vehicles, commercial vehicles, and two-wheelers will further lead to proliferation in the growth of low voltage cable market.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Some of the major players involved in the global low voltage cable market include ABB Ltd, Sumitomo Electric Industries, Nexans S.A, Prysmian S.P.A, Finolex Cables Limited, General Cable, NKT Cables, Group GmbH, Encore Wire, Polycab Wires Pvt. Ltd, Bahra Advanced Cable Manufacture Co. Ltd.
Browse the full “Low Voltage Cable Market (By End Users: Infrastructure, Utilities, Oil & Gas, Industrial, Renewable & Others; For Overhead And Underground Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/low-voltage-cable-market
The global Low Voltage Cable Market is segmented as follows:
By End User
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