Global Low Voltage Cables & Accessories Market Overview And Prospects – Includes Low Voltage Cables & Accessories Market Analysis
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The global low voltage cables & accessories market is expected to grow from $133.93 billion in 2021 to $146.77 billion in 2022 at a compound annual growth rate (CAGR) of 9.59%. The global low voltage cables & accessories market size is expected to reach $193.57 billion in 2026 at a CAGR of 7.16%.
The rising electricity demand is expected to propel the low voltage cables and accessories market.
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The low voltage cables & accessories market consists of sales of low voltage cables & accessories by entities (organizations, sole traders, and partnerships) that refer to low voltage electrical wires used for secondary distribution of electricity at voltages less than 1 kV. Low voltage cables and accessories are widely used for digital and communication purposes.
Global Low Voltage Cables & Accessories Market Segments Include:
By Product: Overhead Products, Underground Products
By Voltage: Up to 240V, 241V – 440V, 441V – 1000V
By Material: Copper, Aluminium
By End-User: Commercial, Residential, Industrial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global low voltage cables & accessories market in 2021.
Technology innovations and advancements in the design of cable accessories are a key trend gaining popularity in the low voltage cables & accessories market. The companies operating in the low voltage cables and accessories sector are focusing on developing innovative products with the latest technologies, improvised product offerings and cost-efficiency.
TBRC’s Low Voltage Cables & Accessories Market Report Covers:
Major Market Players: Prysmian S.P.A, Nexans S.A., General Cable Corporation, Sumitomo Electric Industries, NKT Cables Group GmbH, ABB Ltd., KEI Industries Limited, TE Connectivity, Bahra Advanced Cable Manufacture Co. Ltd., Ensto India Private Limited, Elsewedy Electric, REPL International Ltd., Brugg Cables AG, Ikebana Engineering Ltd., Hellenic Cables, Raychemrpg, Caledonian Cables, Leoni, Southwire, Riyadh Cables Group Company, and Hangzhou Cable.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Low Voltage Cables & Accessories Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides low voltage cables & accessories market overviews, analyzes and forecasts market size, share, low voltage cables & accessories market players, low voltage cables & accessories market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s low voltage cables & accessories market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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