Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) — The “Low Voltage Cables – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Low Voltage Cables estimated at US$135.3 Billion in the year 2022, is projected to reach a revised size of US$213.2 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030. Overhead, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$117.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Underground segment is readjusted to a revised 6.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $36.2 Billion, While China is Forecast to Grow at 8.7% CAGR
The Low Voltage Cables market in the U.S. is estimated at US$36.2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$48.2 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Select Competitors (Total 72 Featured) –
- ABB Group
- Encore Wire Corporation
- Finolex Cables Ltd.
- General Cable Corporation
- Nexans SA
- NKT Cables Group GmbH
- Polycab Wires Pvt., Ltd.
- Prysmian Group
- Sumitomo Electric Industries Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 238 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $135.3 Billion |
| Forecasted Market Value (USD) by 2030 | $213.2 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/jqnohg
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- Global Market for Low Voltage Cables
