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Low Voltage Cables & Accessories Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Low Voltage Cables & Accessories Market
As per the low voltage cables & accessories market report by The Business Research Company, the rising electricity demand is expected to propel the low voltage cables and accessories market. Global electricity demand is rising due to strong economic growth in developing countries, a rising increase in household incomes, electrification of transportation, and growing demand for digitally connected devices. The increased demand for electricity is expected to boost the utilization of low-voltage cables and accessories, as they act as the main component for the secondary distribution of electricity to various industrial and household components.
The global low voltage cables & accessories market size grew from $164.89 billion in 2022 to $201.33 billion in 2023 at a compound annual growth rate (CAGR) of 22.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The low voltage cables & accessories market size is expected to grow to $542.52 billion in 2027 at a CAGR of 28.1%.
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Major competitors in the low voltage cables & accessories market include 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.
The low voltage cables & accessories market is segmented -
• By Product: Overhead Products, Underground Products
• By Voltage: Up to 240V, 241V - 440V, 441V - 1000V
• By Material: Copper, Aluminum
• By End-User: Commercial, Residential, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the low voltage cables & accessories market.
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The low voltage cables & accessories 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.
The Table Of Content For The Low Voltage Cables & Accessories Market Include:
1. Executive Summary
2. Low Voltage Cables & Accessories Market Characteristics
3. Low Voltage Cables & Accessories Market Trends And Strategies
4. Low Voltage Cables & Accessories Market - Macro Economic Scenario
5. Low Voltage Cables & Accessories Market Size And Growth
……
26. Africa Low Voltage Cables & Accessories Market
27. Low Voltage Cables & Accessories Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Low Voltage Cables & Accessories Market
29. Low Voltage Cables & Accessories Market Future Outlook and Potential Analysis
30. Appendix
The "Global Low Voltage Cables & Accessories Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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