wiredinUSA October 2015

Low voltage forecast to boom to 2020

Worth $105.2 billion in 2015, the low voltage cable market is forecast to reach $147.3 billion by 2020 while the medium voltage cable market is expected to hit $48.8 billion by 2020. These are forecasts from the latest research from ReportsnReports.com, an online market research library. The lowvoltage cablemarket is segmented into Asia-Pacific, North America, Europe, Latin America, and Middle East and Africa. The report includes country-level analysis based on installation. Asia-Pacific held the largest market share in the low voltage cables market in 2014, and is projected to grow at the highest CAGR due to the high urbanization and industrialization in countries such as China, India and Japan. China and India are among the fastest

growing economies contributing towards the growth of the low voltage cablemarket.

The low voltage cable market in Latin America and the Middle East and Africa regions is expected to grow at higher rates due to current expansion transmission and distribution projects. The second research analyzes the medium voltage cable market. Findings indicate that Asia-Pacific dominated the medium voltage cable market in 2014, followed by Europe. The need for continuous supply of electric power in industry is expected to drive the medium voltage cable market in the Asia-Pacific region. Infrastructure construction in China, India, Indonesia and Malaysia is expected to boost the medium voltage cable market in the coming years.

wiredInUSA - October 2015

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