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Low Voltage Wire and Cable Market Share

Report ID: GMI8968
Published Date: Apr 2024
Report Format: PDF

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Low Voltage Wire and Cable Market Share

Prysmian Group offers a comprehensive range of low voltage wire and cable solutions designed for residential, commercial, and industrial applications. With advanced technology and high-quality materials, Prysmian's low voltage cables ensure reliable and efficient electrical connectivity, meeting stringent safety and performance standards.

Low Voltage Wire and Cable Market Companies

The key players operating across the industry include:

alfanar Group
Bahra Cables
BELDEN
Brugg Kabel AG
Ducab
Elsewedy Electric
Federal Cables
Fujikura Ltd.
HELUKABEL MiddleEast
Jeddah Cables
KEI Industries Limited
Midal Cables Ltd.
Naficon
Nexans
NIBE Industrier AB
NKT A/S
Power Plus Cables Co. L.L.C.
Prysmian Group
Riyadh Cables
Saudi Cable Company
Sumitomo Electric Industries, Ltd.
ZTT

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of low voltage wire and cable reached USD 131.1 billion in 2023 and is set to witness 8% CAGR from 2024 to 2032, owing to the expanding infrastructure projects and consumer electronics demand worldwide.

The power cables segment is expected to record over USD 160 billion by 2032, due to government initiatives aimed at bolstering existing transmission capacities by integrating sustainable and energy-efficient components.

Asia Pacific market is poised to reach USD 170 billion by 2032, due to escalating electricity demand and inadequate grid infrastructure in key countries, necessitating the adoption of advanced transmission and distribution networks in the region.

KEI Industries Limited, Midal Cables Ltd., Naficon, Nexans, NIBE Industrier AB, NKT A/S, Power Plus Cables Co. L.L.C., Prysmian Group, Riyadh Cables, Saudi Cable Company, Sumitomo Electric Industries, Ltd., and ZTT, are some of the major low voltage wire and cable companies worldwide.