Low Voltage Power and Control Cable Market By Type of Cable (Power Cables, Control Cables, Instrumentation Cables), By End-User Industry (Industrial, Residential, Commercial, Infrastructure), and By Conductor Material (Copper, Aluminum); Global Insights & Forecast (2024 - 2030)

As per Intent Market Research, the Low Voltage Power and Control Cable Market was valued at USD 13.2 Billion in 2024-e and will surpass USD 21.6 Billion by 2030; growing at a CAGR of 8.6% during 2025-2030.

The low voltage power and control cable market is critical for ensuring efficient and safe electrical systems across various industries. These cables are essential for transmitting electricity and controlling electrical equipment, serving key sectors such as industrial, residential, commercial, and infrastructure. The demand for low voltage cables is driven by the continuous development of infrastructure, urbanization, and increasing reliance on electrical systems in everyday life. The market is growing steadily as industries adopt more advanced technologies, expanding the use of electrical equipment across multiple applications.

Within this market, power cables represent the largest segment. These cables are used for the transmission and distribution of electrical power, making them indispensable in sectors such as residential, industrial, and commercial applications. Power cables are essential for connecting various electrical systems, from large power plants to homes and businesses, and they come in a variety of designs to meet specific voltage and environmental needs. The extensive demand for electricity, driven by growing urbanization and industrialization, ensures that power cables maintain their status as the largest category in the low voltage power and control cable market.

Control Cables are Fastest Growing Due to Industrial Automation and Smart Technologies

The fastest-growing segment in the low voltage power and control cable market is control cables. These cables are vital for controlling and regulating electrical systems, equipment, and machinery. They are commonly used in industrial environments, such as manufacturing plants, as well as in commercial and residential settings for controlling devices like lighting, elevators, and HVAC systems. The rise of industrial automation and smart technologies is significantly driving the demand for control cables, as more industries look to implement automated systems and increase the efficiency of their operations.

As industries adopt more advanced control systems that rely on electrical wiring for communication and operation, the need for specialized control cables is rapidly growing. The adoption of technologies such as the Internet of Things (IoT), smart grids, and automated manufacturing processes is driving innovation in the control cable segment. These applications require highly reliable and durable control cables that can handle complex tasks while minimizing downtime and maintenance costs. With industrial automation on the rise, control cables are set to experience significant growth, making them the fastest-growing category in the low voltage power and control cable market.

Copper Conductors are Largest Due to Superior Electrical Conductivity and Reliability

In the low voltage power and control cable market, copper remains the most commonly used conductor material, making it the largest segment. Copper is favored for its excellent electrical conductivity, which ensures minimal energy loss and efficient power transmission. This characteristic makes copper cables highly reliable for use in power and control systems, especially where uninterrupted performance is critical, such as in industrial and residential applications. Copper's versatility also contributes to its dominance in the market, as it can be used for a wide range of cable types and sizes.

The demand for copper conductor cables is especially high in power and control systems where high conductivity and durability are essential. Additionally, copper cables have long-term reliability, with better performance over time compared to alternatives. The extensive use of copper cables across various industries, including residential, commercial, and industrial sectors, ensures that copper will remain the leading conductor material in the low voltage power and control cable market for the foreseeable future.

Industrial End-User Industry is Largest Due to Demand from Manufacturing and Automation Sectors

The industrial sector is the largest end-user industry in the low voltage power and control cable market. Industrial applications require a wide variety of electrical systems, machinery, and automation technologies that rely on power and control cables to operate effectively. Industries such as manufacturing, oil and gas, and energy production all depend heavily on low voltage cables for the transmission of power and the control of equipment, machinery, and processes.

The growth of industrial automation, along with the increasing demand for energy-efficient systems and equipment, further contributes to the expansion of the industrial sector's reliance on low voltage cables. As industries increasingly move towards smart manufacturing and automated processes, the demand for control and power cables is expected to grow, ensuring that the industrial sector remains the largest end-user in the market.

Asia Pacific is Fastest Growing Region Due to Infrastructure Development and Industrialization

The Asia Pacific region is the fastest-growing market for low voltage power and control cables, primarily driven by rapid infrastructure development and industrialization across countries like China, India, and Southeast Asia. As these nations continue to urbanize and expand their industrial capacities, the demand for reliable power and control systems is surging. The growing adoption of industrial automation, construction of smart cities, and development of residential and commercial infrastructure is creating a significant need for low voltage cables.

In addition, the region is a major hub for manufacturing, making it a critical market for control cables that are integral to industrial automation. Governments in the Asia Pacific region are also heavily investing in infrastructure projects, further boosting the demand for power cables in sectors such as transportation, energy, and utilities. With these factors at play, Asia Pacific is expected to maintain its position as the fastest-growing region in the low voltage power and control cable market.

Leading Companies and Competitive Landscape

The low voltage power and control cable market is highly competitive, with several key players offering a wide range of cable products for various applications. Leading companies in the market include Prysmian Group, Nexans, Southwire, General Cable, and Leoni AG. These companies have a strong global presence and offer a diverse portfolio of cables designed to meet the needs of industries such as power distribution, telecommunications, and automation.

The competitive landscape is influenced by factors such as product quality, technological innovation, and the ability to meet customer specifications. Companies are increasingly focusing on developing cables with advanced features, such as higher conductivity, better durability, and improved fire resistance, to address the evolving needs of industries. Additionally, the growing demand for eco-friendly cables that comply with sustainability standards is shaping the competitive dynamics of the market. As the demand for low voltage cables continues to rise globally, companies will compete not only on the quality and performance of their products but also on their ability to innovate and adapt to changing market needs.

Recent Developments:

• Prysmian Group launched a new range of eco-friendly low voltage cables designed to reduce environmental impact while maintaining high performance.
• Nexans expanded its product portfolio by introducing advanced low voltage power cables for use in renewable energy installations.
• Southwire Company completed the acquisition of a leading cable manufacturer to enhance its low voltage power and control cable capabilities.
• Leoni AG introduced innovative control cables designed for use in automated industrial systems, boosting their presence in the low voltage cable market.
• Sumitomo Electric Industries expanded its low voltage cable production capacity to meet the growing demand from the commercial and residential sectors.

List of Leading Companies:

• Prysmian Group
• Nexans
• Southwire Company
• General Cable
• Sumitomo Electric Industries
• LS Cable & System
• Kabel Deutschland
• Leoni AG
• Furukawa Electric Co.
• Riyadh Cable
• Condumex
• Polycab India Limited
• Hengtong Group
• KEI Industries
• Dubai Cable Company

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