Low Voltage Cables Market will Register a CAGR of 8.5% through 2018
The report covers and analyses the market for low voltage cables in seven countries in Latin America, including Argentina, Jamaica, Costa Rica, Panama, Cuba, the Dominican Republic, and Brazil. According to the report, the overall market for low voltage cables will accrue the largest part of its revenue from the Brazilian market throughout the report’s forecast period.The rising automation in industries owing to increased purchasing power, increased industrialization, and the announcement of several development projects announced by emerging countries in Latin America have all led to a significant boost in the demand for low voltage cables from the Latin America market.
The report states that recent developmental reforms undertaken by governments and a positive wave of development seen in the seven countries analyzed in the report are the chief driving forces behind the good growth prospects exhibited by the Latin America low voltage cable market. Countries like Costa Rica, which are witnessing rapid progress in the industrial sector, can be seen as potential marketplaces for exports. The report segments the Latin America low voltage cable market into three major sections according to their end-use sectors – power distribution facilities, buildings, and specialty purposes. With the rising emphasis towards buying houses and the rising level of urbanization in Latin American countries, the market for low voltage cables is expected to amass its major share of demand from the housing sector over the forecast period, according to the report.
The market is restrained by a clichéd regulatory compliance system in most Latin American nations analyzed in the report. The rising price of raw materials is also a pressing issue that leads to fluctuating profit margins and affects the overall profitability of the market. Rising prices of aluminum and copper, the two chief raw materials for the low voltage cable industry, is a major factor restraining the overall growth of the Latin America low voltage cable market.
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The report also presents a comprehensive snapshot of the competitive landscape of the Latin America low voltage cable market, explaining detailed financial profiles of key vendors operating in the market. Thanks to detailed market statistics about the market’s financial state in past and current scenarios, the report will help businesses formulate effective financial strategies to achieve a leading position in the market.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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