PUBLISHER: The Business Research Company | PRODUCT CODE: 1923369
PUBLISHER: The Business Research Company | PRODUCT CODE: 1923369
Low voltage cables and accessories pertain to electrical wires designed for the secondary distribution of electricity at voltages below 1 kV. These cables and accessories find widespread application in digital and communication purposes.
The primary categories of low voltage cables and accessories encompass overhead products and underground products. Underground products, such as PVC cables, XLPE cables, cable termination, cable joints, and others, specifically relate to low voltage cables and accessories utilized in installing cables beneath the ground. The materials employed in manufacturing these products include copper and aluminum. The various voltage ranges within low voltage cables and accessories cover up to 240V, 241-440V, and 441V-1000V. They cater to the needs of industrial, commercial, and residential customers.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the low voltage cables & accessories market by raising costs for imported copper, aluminum, and accessory components used in electrical distribution and communication systems. Commercial, residential, and industrial segments in Asia-Pacific, Europe, and North America are most affected due to dependency on imported materials. However, tariffs are promoting local manufacturing, regional sourcing, and development of cost-efficient cable solutions, strengthening supply chain stability and supporting broader adoption of energy-efficient low voltage infrastructure.
The low voltage cables & accessories market research report is one of a series of new reports from The Business Research Company that provides low voltage cables & accessories market statistics, including low voltage cables & accessories industry global market size, regional shares, competitors with a low voltage cables & accessories market share, detailed low voltage cables & accessories market segments, market trends and opportunities, and any further data you may need to thrive in the low voltage cables & accessories industry. This low voltage cables & accessories market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The low voltage cables & accessories market size has grown strongly in recent years. It will grow from $173.44 billion in 2025 to $184.85 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to early use in commercial installations, initial deployment in residential applications, reliance on conventional copper and aluminum wires, growth in industrial electrical distribution, adoption in communication network wiring.
The low voltage cables & accessories market size is expected to see strong growth in the next few years. It will grow to $237.58 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing deployment in smart grids, integration with digital monitoring systems, expansion in energy-efficient residential and commercial buildings, rising demand for advanced cable accessories, development of connected electrical distribution solutions. Major trends in the forecast period include adoption of energy-efficient low voltage cables, deployment of smart electrical distribution networks, implementation of IoT-connected cable monitoring, expansion of digital communication infrastructure, integration of advanced cable accessories.
The increasing demand for electricity is expected to drive the growth of the low voltage cables and accessories market. Global electricity demand is rising due to strong economic growth in developing countries, increasing household incomes, the electrification of transportation, and the growing need for digitally connected devices. This surge in electricity demand is expected to boost the use of low-voltage cables and accessories, which are essential for the secondary distribution of electricity to various industrial and household components. For example, in September 2024, a report by the International Energy Agency, a France-based organization, stated that total net electricity production in June 2024 reached 902.8 TWh, representing a 5.4% increase compared to the same period the previous year. As a result, the growing demand for electricity is expected to drive the demand for low-voltage cables and accessories during the forecast period.
Major companies operating in the low voltage cables and accessories market are prioritizing the development of low smoke zero halogen (LS0H) electrical cables to improve fire safety by minimizing toxic emissions during combustion. Low smoke zero halogen (LS0H) electrical cables are designed to release minimal smoke and no hazardous halogen gases, such as chlorine or fluorine, when exposed to fire. These cables are fully halogen-free, meaning they do not emit harmful gases during a fire, significantly improving safety in emergency situations. For example, in June 2024, RR Kabel Ltd, an India-based cable manufacturer, introduced Firex LS0H-EBXL, an innovative house wiring solution. This technology enables the cable to withstand extreme temperatures up to 900°C, making it suitable for high-risk environments. The wire provides more than 85% higher short-circuit temperature endurance and delivers a tenfold increase in safety compared to traditional alternatives.
In April 2024, Prysmian S.p.A., an Italy-based provider of energy and telecom cables and systems, acquired Encore Wire Corporation for approximately US $4.15 billion. Through this acquisition, Prysmian aims to grow its manufacturing presence in North America, enhance its low-voltage and building wire portfolio, and strengthen its position in the integrated cable solutions market. Encore Wire Corporation is a U.S.-based manufacturer of copper and aluminum wire and building cables, headquartered in McKinney, Texas.
Major companies operating in the low voltage cables & accessories market are Prysmian S.P.A., Nexans S.A., Sumitomo Electric Industries Ltd., NKT Cables Group GmbH, ABB Ltd., Encore Wire Corporation, Finolex Cables Limited, Polycab Wires Pvt. Ltd., Riyadh Cables Group Company, Hellenic Cables Holdings S.A., Ensto UK Ltd., Elsewedy Electric Co. S.A.E., Ikebana Engineering Ltd., Raychem Rpg(P) Ltd., Alcon Megarad Inc., Te Connectivity Ltd., Repl International Ltd., 3M Company, Hitachi Energy Ltd., BBC Cellpack Gmbh, Southwire Company LLC, LS Cable & System Ltd., Furukawa Electric Co. Ltd., Leoni AG, KEI Industries Limited, Belden Inc., Lapp Group, Caledonian Cables Ltd., Tratos Ltd.
Asia-Pacific was the largest region in the low voltage cables & accessories market share in 2025, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the low voltage cables & accessories market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the low voltage cables & accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The low-voltage cables & accessories market consists of sales of flexible cables, power cables, armored cables, rubber cables, halogen cables, control cables, fire resistance cables, control cables, special cables, and aluminum cables. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Low Voltage Cables & Accessories Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses low voltage cables & accessories market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for low voltage cables & accessories ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The low voltage cables & accessories market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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