Low Voltage Cable Market worth $147.3 billion by 2020

2015-11-9

 According to the new market research report "Low Voltage Cable Market by Overhead (Conductors, Fittings & Fixtures, Others), by Underground (PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others), by End-User (Infrastructure, Industrial, Renewables) and by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets, the Low Voltage Cable & Accessories Market is expected to reach USD 147.3 Billion by 2020, and is projected to grow at a CAGR of 7.0% from 2015 to 2020.

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The report presents an in-depth analysis of various market dynamics such as drivers, restraints, opportunities, and challenges. Along with market dynamics, the report also gives an insight into various market parameters, such as market share ranking analysis, value chain analysis, and the recent market activities of the leading players for sustainability. These market activities include mergers, acquisitions, new product developments, collaborations, joint ventures, and partnerships.

In 2014, Asia-Pacific dominated the global low voltage cable & accessories market, and accounted for a share of around 40%. The increasing industrialization and urbanization in Asia-Pacific is a major factor for the growth of the low voltage cable & accessories market in this region. The major countries contributing to the growth of the global low voltage cable & accessories market are China, U.S., India, Germany, U.K., Brazil, Canada, Saudi Arabia, South Africa, and Japan.

The leading players in the global Low Voltage Cable Market include Prysmian S.P.A (Italy), Nexans S.A. (France), General Cable Corporation (U.S.), Sumitomo Electric Industries (Japan), and NKT Cables Group GmbH (Germany). The key companies operational in this market are currently focusing on contracts & agreements and expansions to enhance their market reach into untapped markets. Companies are attempting to benefit from the potential the opportunities in the emerging economies of Asia-Pacific through strategies, such as joint-ventures, mergers & acquisitions, and partnerships & collaborations.

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