Press Release / Industry / More opportunities for Low Voltage Cable Market in Forecast Peroid.
More opportunities for Low Voltage Cable Market in Forecast Peroid.
By Pratik_M on July 25 2017 | 556 Views
Global low voltage cable & accessories market was valued at USD 99.2 Billion in 2014. It is projected to grow 147.3 Billion at a CAGR of 7.0% from 2015 to 2020.
Global low voltage cable & accessories market was valued at USD 99.2 Billion in 2014. It is projected to grow 147.3 Billion at a CAGR of 7.0% from 2015 to 2020. The market has been studied and analyzed based on Installation, Product type, end-user, and region. 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 the basic requirement for transmission and distribution of electricity from the point of generation to the point of consumption. Depending on the application, power cables are classified into four voltage categories: low voltage, medium voltage, high voltage, and extra-high voltage.
Low voltage cable is an essential component for the secondary distribution of electricity at voltage range below 1 kV. Low voltage accessories are used to support cables in the distribution network. Different types of accessories are used for different types of cable installations, namely, overhead and underground installations. Such accessories include fittings and fixtures, cable terminations, cable joints, cable connectors, spacers, insulators, and guy wires, among others.
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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.
The report profiles leading players in the global low voltage cable market, along with their recent developments and other strategic industry activities. These players include 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).
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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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