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Global Low Voltage Cable Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4622330
  • Report
  • Region: Global
  • 126 pages
  • Mordor Intelligence
1 of 5


  • Brugg Kabel AG
  • CBI-electric
  • Encore Wire Corporation
  • Finolex Cables Limited
  • Nexans S.A.
  • NKT Cables Group GmbH
  • MORE
Low voltage cables are majorly used in commercial, residential and industrial applications such as lighting, sound, and security, fire alarms, etc. The rising energy demand and growing smart grid distribution network are expected to have a significant impact on the low voltage cable market. In 2017, the global energy demand grew by 2.1%, which is more than twice the previous year’s rate. The power sector is witnessing an energy transition owing to the rising concerns about increasing carbon emissions and greenhouse gases. By 2020, 12% of the global demand for electricity is expected to be produced from wind. Such a transition is expected to drive the demand for low voltage cable market during the forecast period.

Rising Demand for Smart Grids Driving the Market

Low voltage distribution networks supporting the smart grids provide a higher quality of electricity supplies, better service of electricity for end consumers, and a cost-effective solution with respect to the concept of total cost of ownership. The global power sector is undergoing a rapid transformation as the countries face steep electricity demand growth rates and plan to incorporate large-scale renewable resources. Smart grids are becoming an important part in the configuration of the upcoming power systems. In 2017, China topped the list in investments in smart grid technologies accounting for USD 3.34 billion followed by Europe (USD 2.3 billion) and the United States (USD 2.12 billion). India has launched National Smart Grid Mission, under which it aims to invest USD 44.9 billion over the period 2017-2027.

Asia-Pacific is one of the Largest Market

Asia-Pacific has emerged as one of the major low voltage cable markets in the recent years. The rise in energy demand associated with urbanization, economic modernization, and better living standards across the region has resulted in the growth of sustainable power systems, which in turn increased the demand for low voltage cable market in this region. Asia-Pacific's increasing investments in T&D networks and smart grid infrastructure is expected to increase the demand for low voltage cables. Countries such as China, Japan, and India are expected to be the fastest growing markets owing to their energy transition and smart grid infrastructure plans in the coming years. In 2017, China invested around USD 3.34 billion in the smart distribution networks followed by Japan (USD 0.48 billion) and India (USD 0.41 billion). China has installed nearly half of all new capacity in 2017 and continues to lead the global capacity additions in solar and wind. Increasing installation capacities of solar and wind energy in this region are expected to boost the demand for low voltage cables during the forecast period.

Renewables Sector is a Huge Market Potential

In 2017, the global renewable energy capacity grew by 163 GW and reached 2,179 GW worldwide, representing yearly growth of 8.3%. In the same year, solar photovoltaics grew by 32%, followed by wind energy (10%). This growth was majorly led by cost reductions, with the cost of electricity from solar PV decreasing by 73%, and onshore wind nearly one-quarter, between 2010 and 2017. Along with this, off-grid renewables capacity witnessed unprecedented growth in 2017, with an estimated 6.6 GW serving off-grid customers globally. This represents a 10% growth from the previous year, with nearly 146 million people now using off-grid renewables. Application of the low voltage cables includes powering the vital equipment in the nacelle of a wind turbine and for controlling and measuring virtually anything in the system. These cables are also used as the interconnections between solar panels and other components of the photovoltaic system.

Key Developments in the Market
  • Jun, 2018: Prysmian Group announced the acquisition of General Cable, one of the leading companies in the development design, manufacture, marketing and distribution of aluminum, copper and fiber optic wire and cable products for the energy, communications, automotive, industrial, construction and speciality segments.
The major players 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, Brugg Kabel AG, CBI-electric, amongst others.

Reasons to Purchase this Report
  • Current and future low voltage cable market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market share, and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel)
Customization of the Report
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Note: Product cover images may vary from those shown
2 of 5


  • Brugg Kabel AG
  • CBI-electric
  • Encore Wire Corporation
  • Finolex Cables Limited
  • Nexans S.A.
  • NKT Cables Group GmbH
  • MORE
1. Executive Summary

2. Research Methodology
2.1 Scope of Study
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases

3. Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast until 2023
3.3 Government Policies and Regulations
3.4 Recent Trends and Developments

4. Market Dynamics
4.1 Low Voltage Cable Market Drivers
4.2 Low Voltage Cable Market Restraints
4.3 Low Voltage Cable Market Opportunities

5. Low Voltage Cable Market Supply Chain Analysis

6. Industry Attractiveness – Porter’s Five Force Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Intensity of Competitive Rivalry

7. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
7.1 Low Voltage Cable Market By Installation Type
7.1.1 Overhead
7.1.2 Underground
7.2 Low Voltage Cable Market By End-User
7.2.1 Commercial
7.2.2 Residential
7.2.3 Industrial Power Sector Oil & Gas Chemical Others

8. Regional Market Analysis (Market Size and Demand Forecast until 2023)
8.1 North America Low Voltage Cable Market
8.1.1 United States Low Voltage Cable Market
8.1.2 Canada Low Voltage Cable Market
8.1.3 Rest of North America
8.2 Europe Low Voltage Cable Market
8.2.1 Germany Low Voltage Cable Market
8.2.2 United Kingdom Low Voltage Cable Market
8.2.3 France Low Voltage Cable Market
8.2.4 Spain Low Voltage Cable Market
8.2.5 Italy Low Voltage Cable Market
8.2.6 Rest of Europe
8.3 South America Low Voltage Cable Market
8.3.1 Brazil Low Voltage Cable Market
8.3.2 Argentina Low Voltage Cable Market
8.3.3 Rest of South America
8.4 Asia-Pacific Low Voltage Cable Market
8.4.1 China Low Voltage Cable Market
8.4.2 India Low Voltage Cable Market
8.4.3 Japan Low Voltage Cable Market
8.4.4 South Korea Low Voltage Cable Market
8.4.5 Rest of Asia-Pacific
8.5 Middle-East and Africa Low Voltage Cable Market
8.5.1 Saudi Arabia Low Voltage Cable Market
8.5.2 UAE Low Voltage Cable Market
8.5.3 Kuwait Low Voltage Cable Market
8.5.4 South Africa Low Voltage Cable Market
8.5.5 Rest of Middle East and Africa

9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
9.1 Prysmian SpA
9.2 Nexans S.A.
9.3 Polycab Wires Pvt. Ltd.
9.4 NKT Cables Group GmbH
9.5 Riyadh Cables Group of Companies
9.6 Hellenic Cables Holdings S.A.
9.7 Encore Wire Corporation
9.8 Finolex Cables Limited
9.9 Brugg Kabel AG
9.10 CBI-electric
*List not Exhaustive

10. Low Voltage Cable Market Competitive Landscape
10.1 Mergers and Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Players

11. Future of the Low Voltage Cable Market

12. Appendix
12.1 Contact Us
12.2 Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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4 of 5
  • 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
  • Brugg Kabel AG
  • CBI-electric
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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