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Global Low Voltage Cables & Accessories Market Forecast

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Date12/20/2021 5:49:22 AM
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Bharat Book Bureau Provides the Trending Market Research Report on “Global Low Voltage Cables & Accessories Market Research Report: Information by Installation (Underground, Overhead, and Submarine), Component (Cable Joints, Cable Terminations, Connectors, Clamps, Conductors, and Others), Application (Utility, Residential, Commercial, and Industrial), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2027” under Energy Market Research Reports Category. Our report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

The global low voltage cables and accessories market is expected to register substantial market growth during the review period owing to the highest market value of USD 98.85 billion in 2020. Furthermore, the rising worldwide population, rising number of dense cities, and growing demand for electricity from domestic and industrial sources are expected to enhance the number of transmission & distribution (T&D) projects by power companies around the world. However, volatility in Raw Material prices and accidental electricity Losses in transmissions are expected to hinder the global market during the review period.

Market Segmentation

The global low voltage cables and accessories market is classified into installation, component, and application.

Based on the Installation segment the global market has been classified into Underground, overhead, and submarine. By component segment, the global low voltage cables & accessories market has been segmented into cable joints, cable terminations, connectors, clamps, conductors, and others.

In terms of application, the global low voltage cables & accessories market has been classified into utility, residential, commercial, and industrial. The utility segment is expected to dominate among all with a market share of 36.67% in 2020.

Regional analysis

The Geographical analysis of the global low voltage cables and accessories market has been spread across North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America.

North America is likely to contribute to the largest market of low voltage cables and accessories owing to the increasing consumption of electricity across the region. Europe is expected to register the second largest market of global low voltage cables and accessories because of the increasing need for power supply and the rising trend to replace the current overhead distribution lines with underground cabling.

Asia-Pacific is registering the fastest growth for low voltage cables & accessories in the global market due to the raised need for energy in the region because of the rising population and growing per capita disposable income in the region.

The Middle East & Africa market is expected to register the steady market growth of the global low voltage market due to the growth of renewable energy electricity generation.

Major Players

The key players operating in the global low voltage cables & accessories market includes NKT A/S (Denmark), Ikebana Engineering Ltd. (Thailand), Elcon Megarad (Italy), TE Connectivity (Switzerland), REPL International Ltd. (UK), Hellenic Cables (Greece), Ensto (Finland), Prysmian Group (Italy), Elsewedy Electric (Egypt), 3M (US), Hitachi ABB Power Grids (Switzerland), Nexans S.A. (France), BBC Cellpack Gmbh (Germany), and Brugg Cables AG (Norway).

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