Market Overview: Low voltage power cable forms an essential component for secondary distribution of power at voltage less than 1 kV. Various types of low voltage accessories include fittings and fixtures, cable joints, cable terminations, among others that are employed for cable installations in overhead and underground installations. The global low voltage cable and market was worth USD 119 billion in 2018 and is estimated to reach USD 167 billion at a CAGR of 7.9% in the forecast period 2018 to 2023. Market drivers and restraints: Rising production of renewable power along with growth in industrialization are the major factors that drive the growth of this market. Moreover, government incentives to expand or upgrade the transmission & distribution (T&D) system is another factor fueling the growth of the market. Lack of funding make the market volatile along with significant delay in authorization of different T&D projects owing to complexity in planning are major restraining factors that hinders the growth of the market. Rising demand in power along with different wind power policies in various countries are the factors that would offer abundant growth opportunities to the market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/low-voltage-cable-market Report segmented as: By installation:   Overhead Underground By overhead:    Conductors Fittings and fixtures Others By underground:      PVC cables XLPE cables Cable terminations Cable joints Others By end user:    Infrastructure Industrial Renewables Geographical analysis: Asia-Pacific has emerged as one of the key low voltage cable markets in the recent years. The increase in energy demand related to urbanization, economic modernization, and better living standards across the region has led to the growth of sustainable power systems that in turn increased the demand for low voltage cable market in this region. Important market players: Key players in the market are Prysmian S.P.A (Italy), Nexans S.A. (France), General Cable Corporation (U.S.), Sumitomo Electric Industries (Japan), NKT Cables Group GmbH (Germany), ABB Ltd. (Switzerland), Encore Wire Corporation (U.S.), Finolex Cables Limited (India), and Polycab Wires Pvt. Ltd. (India). Get Sample @ https://www.marketdataforecast.com/market-reports/low-voltage-cablemarket/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: [email protected] Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/