Report Details:
15 Companies Covered
173 Pages
Market Research Future (MRFR) has published a cooked research report on the “Low Voltage Power and Control Cable Market” that contains the information from 2019 to 2035.
The Low Voltage Power and Control Cable market is estimated to register a CAGR of 5.2% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Low Voltage Power and Control Cable Market— Prysmian Group, Southwire Company, Elsewedy Electric, Sumitomo Electric Industries, Hitachi Energy, LS Cable & System, Finolex Cables Ltd., Polycab Wires, Far East Cable Co., Ltd., Atkore Inc. and Others.
Low Voltage Power and Control Cable Market Highlights
The Low Voltage Power and Control Cable Market is accounted for to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 1,00,572.2 million by 2035.
Smart cities require extensive low-voltage power and control cabling backbone to support public lighting, EV charging, surveillance systems, and sensor networks. Over 1,000 smart city projects are underway globally, with China alone investing over $30 billion in its smart city framework. India has allocated funding of over ₹286 billion (US$3.4 billion) to its Smart Cities Mission, covering 100 cities with projects like smart grids, intelligent traffic systems, and digital governance platforms. These projects generate enormous demand for low-voltage power and control cables (up to 1000V or more) to energize and manage systems like LED streetlights, traffic signals, public Wi-Fi, and environmental monitoring stations. For example, a single smart pole typically houses 5–6 devices (e.g., CCTV, sensors, lighting) requiring both power distribution and communication via LV control cabling. Additionally, the number of electric vehicle charging stations worldwide has exceeded 3.5 million, each needing integrated LV power and control cabling for both energy supply and system management. The increasing electrification of urban transport and digital services makes LV power and control cabling a critical component of modern urban infrastructure.
Low-voltage power and control cables are vital in smart grid systems, connecting energy meters, transformers, and automation control systems with communication hubs. As of 2023, over 1 billion smart electricity meters are installed globally, each linked through a web of low-voltage signal, control, and power cables. In Europe, utilities like Enedis in France and E.ON in Germany have deployed millions of meters relying on robust LV control cabling. Moreover, fiber optic deployment for city-wide broadband surpassed 550 million fiber-kilometers globally in 2023, much of it involving low-voltage installation frameworks. In cities such as Barcelona and Songdo, kilometers of shielded LV copper and fiber control cables have been laid to enable real-time surveillance, adaptive traffic control, and smart waste management. The rise of edge data centers to support cloud and 5G applications especially in cities like Singapore, London, and Tokyo is creating additional demand for structured LV power and control cabling. These centers often allocate 15–20% of capital costs to power and signal infrastructure, underscoring the importance of high-performance cabling systems.
Segment Analysis
The Low Voltage Power and Control Cable Market has been segmented based on Cable Type, Core Material, Application, Voltage Rating, Product Specifications and Region.
The Low Voltage Power and Control Cable Market segmentation, based on Cable Type has been segmented into Armoured, Unarmoured, Screened and Unscreened. Among these, the Armoured segment is projected to dominate the Low Voltage Power and Control Cable Market revenue through the projected period. Based on Core Material, the Low Voltage Power and Control Cable Market is segmented into Copper and Aluminium. Among these, the Copper segment is projected to dominate the market revenue through the period.
The Low Voltage Power and Control Cable Market segmentation, based on Application has been segmented into Power Distribution, Control and Instrumentation, Building and Construction and Industrial. Among these, the Building and Construction segment is projected to dominate the Low Voltage Power and Control Cable Market revenue through the projected period. Based on Voltage Rating, the Low Voltage Power and Control Cable Market is segmented into Below 1 kV and Above 1 kV, among which, the Below 1 kV is projected to dominate the market revenue through the period.
The Low Voltage Power and Control Cable Market segmentation, based on Product Specifications has been segmented into Conductor, Insulation, Sheathing Material and Flame Retardancy. Among these, the Conductor segment is projected to dominate the Low Voltage Power and Control Cable Market revenue through the projected period
Region Analysis
By Region, the Low Voltage Power and Control Cable market is segmented into North America, Europe, Asia Pacific, South America, and MEA. The Asia Pacific Low Voltage Power and Control Cable market holds considerable market share and is also forecasted to hold the largest share during the forecast period. APAC’s construction boom is a key demand driver for LV cables in lighting, HVAC, and energy control systems across urban residential and commercial projects. Additionally, the region’s booming solar and wind energy sectors require efficient, heat- and weather-resistant cable solutions.
Key Findings of the Study
- The Low Voltage Power and Control Cable Market is expected to reach 1,00,572.2 million by 2035, at a CAGR of 5.2% during the forecast period.
- Asia Pacific accounted for the fastest-growing market.
- Based on Cable Type, the Armoured segment was attributed to holding the largest market in 2024.
- Based on Core Material, the Copper segment was attributed to holding the largest market in 2024.
- Based on Application, the Building and Construction segment was attributed to holding the largest market in 2024.
- Based on Voltage Rating, the Below 1 kV segment was attributed to holding the largest market in 2024.
- Based on Product Specifications, the Conductor segment was attributed to holding the largest market in 2024.
- Prysmian Group, Southwire Company, Elsewedy Electric, Sumitomo Electric Industries, Hitachi Energy, LS Cable & System, Finolex Cables Ltd., Polycab Wires, Far East Cable Co., Ltd., Atkore Inc. and Others are the key market players.
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