Low Voltage Cable Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Installation Type (Overhead and Underground), End-User (Commercial, Residential and Industrial), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

Low Voltage Cable Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Low Voltage Cable Market Size

Low Voltage Cable Market Forecast
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Low Voltage Cable Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Low Voltage Cable Market Analysis

The Low Voltage Cable Market is expected to register a CAGR of greater than 3% during the forecast period.

  • The underground cable segment is to expected to be the fastest growing segmentfor the low voltage cable market during the forecast period, owing to its several advantages in comparison to overhead installations plus increasing adoption of underground cable deployment by several developing countries.
  • With rising electrification projects in Africa, low voltage cables are used to provide electricity from the distribution substations to the customer. The increasing rural electrification is expected to offer a tremendous opportunity for low voltage cables.
  • Asia-Pacific is expected to lead the market and also be the fastest growing market during the forecast period, driven by rise in energy demand associated with China and India, which are the major drivers of the low cable voltage market.

Low Voltage Cable Industry Overview

The low voltage cable market is fragmented. Some of the key players in the market include Prysmian SpA, NKT A/S,KEI Industries Limited, Cablel Hellenic Cables Group and Brugg Kabel AG.

Low Voltage Cable Market Leaders

  1. Prysmian SpA

  2. NKT A/S

  3. KEI Industries Limited

  4. Cablel Hellenic Cables Group

  5. Brugg Kabel AG

  6. *Disclaimer: Major Players sorted in no particular order
Prysmian SpA, NKT A/S, KEI Industries Limited, Cablel Hellenic Cables Group, Brugg Kabel AG
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Low Voltage Cable Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Overhead
    • 5.1.2 Underground
  • 5.2 End-User
    • 5.2.1 Commercial
    • 5.2.2 Residential
    • 5.2.3 Industrial
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Brugg Kabel AG
    • 6.3.2 Cablel Hellenic Cables Group
    • 6.3.3 CBI-electric Group
    • 6.3.4 Encore Wire Corporation
    • 6.3.5 Finolex Cables Ltd
    • 6.3.6 KEI Industries Limited
    • 6.3.7 Nexans S.A.
    • 6.3.8 NKT A/S
    • 6.3.9 Polycab Wires Pvt. Ltd
    • 6.3.10 Prysmian SpA
    • 6.3.11 Riyadh Cables Group of Companies
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Low Voltage Cable Industry Segmentation

The low voltage cable market report include:

Type Overhead
Underground
End-User Commercial
Residential
Industrial
Geography North America
Europe
Asia-Pacific
South America
Middle East & Africa
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Low Voltage Cable Market Research FAQs

What is the current Low Voltage Cable Market size?

The Low Voltage Cable Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Low Voltage Cable Market?

Prysmian SpA, NKT A/S, KEI Industries Limited, Cablel Hellenic Cables Group and Brugg Kabel AG are the major companies operating in the Low Voltage Cable Market.

Which is the fastest growing region in Low Voltage Cable Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Low Voltage Cable Market?

In 2025, the Asia Pacific accounts for the largest market share in Low Voltage Cable Market.

What years does this Low Voltage Cable Market cover?

The report covers the Low Voltage Cable Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Low Voltage Cable Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Low Voltage Cable Industry Report

Statistics for the 2025 Low Voltage Cable market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Low Voltage Cable analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.