Low Voltage Power and Control Cable Market Growth, Size, Trends & Analysis 2034
Global Low Voltage Power and Control Cable Market Growth, Size, Trends Analysis- By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: POAE2587 | Pages: 1 - 244 | Formats*: |
| Category : Power & Energy | |||
Low Voltage Power and Control Cable Market Introduction and Overview
According to SPER Market Research, the Global Low Voltage Power and Control Cable Market is estimated to reach USD 124.43 billion by 2034 with a CAGR of 7.06%.
The report includes an in-depth analysis of the Global Low Voltage Power and Control Cable Market, including market size and trends, product mix, Applications, and supplier analysis.The growing demand from residential, commercial, and industrial sectors is driving the expansion of the low voltage cable market. Rapid urbanization in both developed and developing regions is a key factor, especially as reliable electricity becomes essential for modern living. Increased construction and infrastructure development in countries across Asia are also contributing significantly. The rise of smart homes, commercial spaces, and industrial parks requires efficient cable systems for power, lighting, fire safety, HVAC, and automation. Additionally, the growing use of renewable energy sources is accelerating the need for robust cable interconnections. However, The low voltage power and control cable market faces challenges like fluctuating raw material prices and stringent environmental regulations. Additionally, intense competition and the need for constant technological upgrades can hinder consistent market growth.
By Product:
The power cable segment in the low voltage power and control cable market is projected to experience substantial growth, driven by the increasing need for efficient power distribution across residential, commercial, and industrial applications. Factors such as urbanization, smart grid adoption, electrification of transport, and renewable energy integration are driving this trend. Meanwhile, the control cable segment is expanding with the increased need for reliable signal transmission in automation, industrial machinery, and smart buildings, fueled by the rise of Industry 4.0 and advanced manufacturing systems.
By Application:
In the low voltage power and control cable market, the industrial segment is poised for strong growth driven by rapid industrialization, increased automation, and the need for reliable power and control systems. The utility segment also holds a substantial share due to expanding investments in power distribution, grid modernization, and renewable energy integration. The transition to Industry 4.0 and adoption of IoT technologies are accelerating the need for advanced cabling that enables real-time monitoring, seamless data flow, and predictive maintenance across industrial environments.
Regional Insights:
The U.S. low voltage power and control cable market is experiencing steady growth, driven by residential and commercial expansion, infrastructure upgrades, and grid modernization. Rising adoption of energy-efficient technologies, electric vehicle charging networks, and smart buildings is fueling cable demand. Europe is contributing significantly through power grid modernization, cross-border interconnection, and renewable energy integration. In Asia Pacific, urbanization, industrialization, and smart city initiatives in countries like China, India, and Vietnam are boosting market growth. Meanwhile, the Middle East and Africa are emerging as key regions, supported by large-scale infrastructure projects, urban development, and increasing investments in energy and industrial sectors.
Market Competitive Landscape:
The global Low Voltage Power and Control Cable Market is highly consolidated. Some of the market key players are, Ducab, Furukawa Electric, KEC International, KEI Industries, Klaus Faber, LS Cable & System, Nexans, Sumitomo Electric, Belden, Bergen Cable Technology.
Recent Developments:
In May 2023, LS Cable & System announced the completion of an HVDC submarine cable factory in Donghae, Gangwon Province. T This facility is the sole HVDC submarine cable factory in Korea and includes a high-rise manufacturing tower that stands 172 meters tall.
In January 2023, Nexans reported sales of around USD 6.8 billion, making a significant impact on the power and control cable industry. The company partnered with Authentic Vision to combat cable counterfeiting by implementing Meta-Anchor technology, demonstrating a strong commitment to product authentication and supply chain security.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Belden, Bergen Cable Technology, Ducab, Furukawa Electric, KEC International, KEI Industries, Klaus Faber, LS Cable & System, Nexans, Sumitomo Electric. |
Key Topics Covered in the Report
- Global Low Voltage Power and Control Cable Market Size (FY’2021-FY’2034)
- Overview of Global Low Voltage Power and Control Cable Market
- Segmentation of Global Low Voltage Power and Control Cable Market By Product (Power Cable, Control Cable)
- Segmentation of Global Low Voltage Power and Control Cable Market By Application (Utilities, Industries)
- Statistical Snap of Global Low Voltage Power and Control Cable Market
- Expansion Analysis of Global Low Voltage Power and Control Cable Market
- Problems and Obstacles in Global Low Voltage Power and Control Cable Market
- Competitive Landscape in the Global Low Voltage Power and Control Cable Market
- Details on Current Investment in Global Low Voltage Power and Control Cable Market
- Competitive Analysis of Global Low Voltage Power and Control Cable Market
- Prominent Players in the Global Low Voltage Power and Control Cable Market
- SWOT Analysis of Global Low Voltage Power and Control Cable Market
- Global Low Voltage Power and Control Cable Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.1.Driver, Restraint, Opportunity and Challenges analysis4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Low Voltage Power and Control Cable Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Low Voltage Power and Control Cable Market
7.Global Low Voltage Power and Control Cable Market, By Product, (USD Million) 2021-2034
7.1.Power Cable7.2.Control Cable
8.Global Low Voltage Power and Control Cable Market, By Application, (USD Million) 2021-2034
8.1.Utilities8.2.Industries
9.Global Low Voltage Power and Control Cable Market, (USD Million) 2021-2034
9.1.Global Low Voltage Power and Control Cable Market Size and Market Share
10.Global Low Voltage Power and Control Cable Market, By Region, 2021-2034 (USD Million)
10.1.Asia-Pacific10.1.1.Australia10.1.2.China10.1.3.India10.1.4.Japan10.1.5.South Korea10.1.6.Rest of Asia-Pacific10.2.Europe10.2.1.France10.2.2.Germany10.2.3.Italy10.2.4.Spain10.2.5.United Kingdom10.2.6.Rest of Europe10.3.Middle East and Africa10.3.1.Kingdom of Saudi Arabia10.3.2.United Arab Emirates10.3.3.Qatar10.3.4.South Africa10.3.5.Egypt10.3.6.Morocco10.3.7.Nigeria10.3.8.Rest of Middle-East and Africa10.4.North America10.4.1.Canada10.4.2.Mexico10.4.3.United States10.5.Latin America10.5.1.Argentina10.5.2.Brazil10.5.3.Rest of Latin America
11.Company Profile
11.1.Belden11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments11.2.Bergen Cable Technology11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments11.3.Ducab11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments11.4.Furukawa Electric11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments11.5.KEC International11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments11.6.KEI Industries11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments11.7.Klaus Faber11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments11.8.LS Cable & System11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments11.9.Nexans11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments11.10.Sumitomo Electric11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments11.11.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Low Voltage Power and Control Cable Marketfrom 2025. The Market is expected to reach USD 124.43 by 2034, at a CAGR of 7.06% during the forecast period.
Low Voltage Power and Control Cable MarketCAGR of 7.06% during the forecast period.
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Low Voltage Power and Control Cable Marketsize is USD 124.43 from 2025 to 2034.
Low Voltage Power and Control Cable Marketcovered By Product, By Application
The North America is anticipated to have the highest Market share in the Low Voltage Power and Control Cable Market .
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Belden, Bergen Cable Technology, Ducab, Furukawa Electric, KEC International, KEI Industries, Klaus Faber, LS Cable & System, Nexans, Sumitomo Electric."
The report includes an in-depth analysis of the Global Low Voltage Power and Control Cable Market, including market size and trends, product mix, Applications, and supplier analysis
Low Voltage Power and Control Cable Marketprojected to reach USD 124.43 by 2034, growing at a CAGR of 7.06% during the forecast period.
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