Market Overview:
The global low power cables market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for low power cables in industrial and residential systems. In terms of type, the copper segment is expected to dominate the global low power cables market during the forecast period. However, aluminum is projected to be the fastest-growing type segment during the forecast period. In terms of application, industrial system held a major share of the global low power cables market in 2017 and this trend is expected to continue duringthe forecast period as well.
Product Definition:
Low power cables are designed to transfer low levels of power, often in the range of 1-10 watts. They are used in a variety of applications, including consumer electronics, medical devices, and LED lighting. Low power cables provide an efficient and reliable way to distribute small amounts of power without sacrificing performance or safety.
Copper:
Copper is a soft, malleable metal that is strong enough to be used in cables but can be easily bent and shaped. It has the highest electrical conductivity of any metal and this makes it very useful for electricity transmission & distribution as well as telecommunication applications. Copper has excellent mechanical strength, high thermal stability & resistance to corrosion which makes it suitable for use in power cables too.
Aluminum:
Aluminum is a soft, lightweight, and strong metal that is alloyed with other metals to improve properties. It can be used in its native state or after it is alloyed with various metals such as copper, zinc & tin. The most commonly used aluminum alloys include extruded bars, sheets & rods for industrial applications and powder for consumer products.
Application Insights:
The industrial system segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The segment includes power supply units, data communication network, industrial automation systems and others. Industrialization has been a key driving factor for technological advancements in emerging countries such as India and China. As per the World Bank, around 54% of India¢â‚¬â„¢s population lives in rural areas while only 24% resides in urban areas which provides ample scope for low power cables market growth across these regions over the coming years.
Residential application is expected to be one of the fastest-growing segments with CAGR exceeding 7% from 2018 to 2030 owing to increasing adoption rate of smart homes by consumers worldwide including North America, Europe and Asia Pacific regions especially after 2016 when many major technology companies started their initiatives on home automation including lighting control through ZigBee protocol developed by ZigBee Global Network Inc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising disposable income, and expanding infrastructure network. China is one of the largest markets for low power cables in Asia Pacific due to rapid industrialization along with growing demand from residential sector.
Europe accounted for a significant share owing to early adoption of technologies such as wireless connectivity and digital networking among others that are based on low power consumption features. Moreover, Europe has been witnessing an increase in demand for energy-efficient products over the past few years which will drive industry expansion further.
North America also held a considerable revenue share owing to high penetration rates of smart devices coupled with continuous investments by telecom service providers toward next-generation 5G mobile networks deployment projects across U.S., Mexico, and Canada regions will propel industry growth during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for low power cables in the automotive sector due to the increasing demand for electric and hybrid vehicles.
- Rising demand from the telecommunications sector due to the increasing number of data centers and fiber optic networks.
- Growing popularity of low power cables in renewable energy applications such as solar and wind energy systems.
- Increasing use of low power cables in consumer electronics products such as smartphones, tablets, and laptops.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Power Cables Market Research Report
By Type
Copper, Aluminum
By Application
Industrial System, Residence System, Others
By Companies
Nexans, General Cable, NKT, Prysmian Group, Sumitomo Electric, Southwire Company, Belden, Eaton, LS Cable & Systems, Hengtong Group, Encore Wire, TPC Wire & Cable, Finolex, KEI Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Low Power Cables Market Report Segments:
The global Low Power Cables market is segmented on the basis of:
Types
Copper, Aluminum
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial System, Residence System, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nexans
- General Cable
- NKT
- Prysmian Group
- Sumitomo Electric
- Southwire Company
- Belden
- Eaton
- LS Cable & Systems
- Hengtong Group
- Encore Wire
- TPC Wire & Cable
- Finolex
- KEI Industries
Highlights of The Low Power Cables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Copper
- Aluminum
- By Application:
- Industrial System
- Residence System
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Power Cables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low power cables are cables that use less power than standard cables. This means they can be used in places where there is not enough electricity to run a regular cable.
Some of the major companies in the low power cables market are Nexans, General Cable, NKT, Prysmian Group, Sumitomo Electric, Southwire Company, Belden, Eaton, LS Cable & Systems, Hengtong Group, Encore Wire, TPC Wire & Cable, Finolex, KEI Industries.
The low power cables market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Power Cables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Power Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Power Cables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Power Cables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Power Cables Market Size & Forecast, 2018-2028
4.5.1 Low Power Cables Market Size and Y-o-Y Growth
4.5.2 Low Power Cables Market Absolute $ Opportunity
Chapter 5 Global Low Power Cables Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low Power Cables Market Size Forecast by Type
5.2.1 Copper
5.2.2 Aluminum
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Power Cables Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low Power Cables Market Size Forecast by Applications
6.2.1 Industrial System
6.2.2 Residence System
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Power Cables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Power Cables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low Power Cables Analysis and Forecast
9.1 Introduction
9.2 North America Low Power Cables Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low Power Cables Market Size Forecast by Type
9.6.1 Copper
9.6.2 Aluminum
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low Power Cables Market Size Forecast by Applications
9.10.1 Industrial System
9.10.2 Residence System
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low Power Cables Analysis and Forecast
10.1 Introduction
10.2 Europe Low Power Cables Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low Power Cables Market Size Forecast by Type
10.6.1 Copper
10.6.2 Aluminum
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low Power Cables Market Size Forecast by Applications
10.10.1 Industrial System
10.10.2 Residence System
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low Power Cables Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Power Cables Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low Power Cables Market Size Forecast by Type
11.6.1 Copper
11.6.2 Aluminum
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low Power Cables Market Size Forecast by Applications
11.10.1 Industrial System
11.10.2 Residence System
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low Power Cables Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Power Cables Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low Power Cables Market Size Forecast by Type
12.6.1 Copper
12.6.2 Aluminum
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low Power Cables Market Size Forecast by Applications
12.10.1 Industrial System
12.10.2 Residence System
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low Power Cables Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Power Cables Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low Power Cables Market Size Forecast by Type
13.6.1 Copper
13.6.2 Aluminum
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low Power Cables Market Size Forecast by Applications
13.10.1 Industrial System
13.10.2 Residence System
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Power Cables Market: Competitive Dashboard
14.2 Global Low Power Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nexans
14.3.2 General Cable
14.3.3 NKT
14.3.4 Prysmian Group
14.3.5 Sumitomo Electric
14.3.6 Southwire Company
14.3.7 Belden
14.3.8 Eaton
14.3.9 LS Cable & Systems
14.3.10 Hengtong Group
14.3.11 Encore Wire
14.3.12 TPC Wire & Cable
14.3.13 Finolex
14.3.14 KEI Industries
