Low Voltage Cable Market Analysis

 Installation (Overhead, Underground)

The underground segment in the low voltage cable market is estimated to gain the largest revenue share of about 58% in the year 2037. Underground cabling ensures more reliable performance of cables as compared to overhead cabling. This is due to the lesser exposure of underground cables to extreme weather conditions. Underground cabling also helps reduce the risk of fire hazards, as compared to overhead cables, which increases its demand in the market. Furthermore, underground cables are not exposed to UV rays, which can reduce their efficiency over time. This makes them more reliable and durable, which makes them more desirable than overhead cables.

 Voltage (1V-240V, 241V-440V, 441V-1000V)

The 240V segment is estimated to gain a significant share of about 36% in the year 2037. Higher voltage power is required to power larger appliances such as air conditioners and electric ovens which are increasingly becoming necessities in residential households. This has led to an increase in the demand for higher voltage power, such as 240V, which is expected to continue into the near future. Furthermore, the introduction of new low voltage appliances has made it possible for people to use this range of voltage for their homes, thus increasing the popularity of this voltage range.

Our in-depth analysis of the low voltage cable market includes the following segments: