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DUBLIN--(BUSINESS WIRE)--Sep 15, 2022--

The "Low Voltage Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global low voltage cable market size reached US$ 102.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 150.7 Billion by 2027, exhibiting a CAGR of 6.63% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Low voltage (LV) cables are used for transferring power to electrical equipment that has a small voltage rating. They can handle 50-1000 volts in case of alternating current and between 75-1500 volts of direct current. These cables are manufactured using solid or stranded aluminum and flexible copper conductors. High-quality LV cables are halogen-free, fire-resistant and ensure efficient use of energy, quicker data transfer and seamless operations. LV cables are primarily used for low-stress applications in automation systems, infrastructure, video surveillance, sounds and security alarms, etc.

The rising energy demand and incorporation of smart grid networks across the globe are the key factors driving the growth of the market. The growing need for uninterrupted power supply in various industries has increased power generation, distribution and transmission across various regions, which is resulting in enhanced utilization of LV cables. They are also used in the nacelle of wind turbines to connect the transformer to the low-voltage generator.

The rising trend of incorporating renewable energy resources in the power generation process is also expected to drive the market further. There has been a rise in the demand for efficient power transmission equipment that can be integrated with smart devices on account of the burgeoning population, along with growing urbanization and digitalization. Furthermore, smart grids and other power systems use automated electronic hardware and software such as switches, relays and meters that require LV cables as they enable smooth functioning and controlling of the operational processes of the network.

The publisher's latest report provides a deep insight into the global low voltage cable market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the low voltage cable market in any manner.

The publisher provides an analysis of the key trends in each sub-segment of the global low voltage cable market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on installation type, material, overhead product, underground product and end-user.

Key Questions Answered in This Report

1. What is the expected growth rate of the global low voltage cable market?

2. What are the key factors driving the global low voltage cable market?

3. What has been the impact of COVID-19 on the global low voltage cable market?

4. What is the breakup of the global low voltage cable market based on the installation type?

5. What is the breakup of the global low voltage cable market based on the material?

6. What is the breakup of the global low voltage cable market based on the end user?

7. What are the key regions in the global low voltage cable market?

8. Who are the key companies/players in global low voltage cable market?

For more information about this report visit https://www.researchandmarkets.com/r/50137d

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INDUSTRY KEYWORD: TECHNOLOGY ENGINEERING CHEMICALS/PLASTICS OTHER ENERGY UTILITIES MANUFACTURING ENERGY CONSTRUCTION & PROPERTY BUILDING SYSTEMS OTHER TECHNOLOGY TELECOMMUNICATIONS URBAN PLANNING HARDWARE OTHER MANUFACTURING

http://www.businesswire.com/news/home/20220915005873/en

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Source: Kern County Public Health Services Department

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