Low Voltage Cable Market set to rise $182.1 billion by 2030, as Digital Transformation hits transformation ground


Posted January 21, 2025 by datastring

Expected to rise to $182.1 billion by 2030 from $117.2 billion of 2023. The revenue growth of industry players is estimated to average at 6.5% annually for period 2023 to 2030.
 
Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Installation (Overhead, Underground), Voltage (1V-240V, 241V-440V, 441V-1000V) and End User Industry (Infrastructure, Industrial, Renewables).

Access the detailed report here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ฅ๐จ๐ฐ-๐ฏ๐จ๐ฅ๐ญ๐š๐ ๐ž-๐œ๐š๐›๐ฅ๐ž-๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

North America and Asia-Pacific are the two most active and leading regions in the market. The low voltage cable market, in the Asia Pacific region is rapidly expanding due to the growth of industrialization and urbanization in countries like India and China. Prysmian Group and General Cable are taking advantage of the market opportunities in the region by setting up manufacturing facilities and forming partnerships. In this landscape of the regions market with a focus o cost sensitivity manufacturers are constantly striving to enhance efficiency in production and supply chain management. While facing challenges, in the Asia Pacific market both local and global companies have growth prospects to explore

With challenges like price volatility of raw materials and regulatory challenges, Low Voltage Cable marketโ€™s supply chain from raw material suppliers to end-users is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, Mexico and South Africa for revenue diversification and TAM expansion. The rise of innovation is reshaping industries by boosting the need for connectivity and automation solutions to thrive effectively in todays landscape of technology advancement and operational enhancement, across diverse sectors

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ๐ก๐ข๐ฉ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ

The Low Voltage Cable market is characterized by intense competition, with a number of leading players such as Nexans, Southwire, Prysmian Group, General Cable, CommScope, Corning, Siemens, Schneider Electric, ABB, General Electric and Belden. These players are pushing & penetrating the market with their strategies.

๐€๐›๐จ๐ฎ๐ญ ๐ƒ๐š๐ญ๐š๐’๐ญ๐ซ๐ข๐ง๐  ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ 

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataStringโ€™s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.
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Last Updated January 21, 2025