Low Voltage Cable Market worth 147.3 Billion USD by 2020


Posted May 24, 2017 by Pratik_M

Global low voltage cable & accessories market was valued at USD 99.2 Billion in 2014. It is projected to grow at a CAGR of 7.0% from 2015 to 2020.

 
The Global Low Voltage Cable Market has been segmented based on installation into overhead and underground. The market has been further segmented; overhead products into conductors, fittings & fixtures, and others, where others include spacers, insulators, connectors, overhead ground wires, and guy wires; and underground products into PVC cables, XLPE cables, cable terminations, cable joints, and others, where others include EPR cable, cable connectors, cable glands, cleats & cable fixings, and cabinets.
Transmission & distribution (T&D) network is expanding globally on account of increase in power generation to satisfy the growing demand for electricity. Power cables & accessories are vital components for T&D network and will also grow in sync with the growth in T&D network. Low voltage cables & accessories market is expected to grow faster in developing countries where the T&D industry is in the growth stage. Moreover in the developed countries of Europe and North America the market will grow due to upgrade of their existing T&D network.
Global low voltage cable & accessories market was valued at USD 99.2 Billion in 2014. It is projected to grow at a CAGR of 7.0% from 2015 to 2020. The increasing spending on transmission and distribution network, growing industrialization and urbanization, and shift in focus towards renewable energy production are some of the key drivers of this market.

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Scope Of Report:
The report includes Porter's Five Forces model and Value chain analysis. It also describes the competitive landscape of major market players, based on strategies, such as new product developments, mergers & acquisitions, facility expansion, agreements & collaborations, and contracts. Key developments have been identified for the major market players to determine the growth strategies implemented by them. Additionally, the study provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges in the low voltage cable market.

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Key Player Analysis:
Leading players in the market, such as Prysmian S.P.A (Italy), Nexans S.A. (France), General Cable Corporation (U.S.), Sumitomo Electric Industries (Japan), NKT Cables Group GmbH (Germany), ABB Ltd. (Switzerland), Encore Wire Corporation (U.S.), Finolex Cables Limited (India), and Polycab Wires Pvt. Ltd. (India) have been profiled in this report.

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Issued By Pratik
Country India
Categories Business
Tags cable connectors , high voltage cables , low voltage cable market , low voltage cables , power cables accessories , renewable energy production , transmission and distribution network
Last Updated May 24, 2017