growth of industrial automation and smart manufacturing are driving the global low voltage power and control cable markets, And Are Expected To Drive Market Expansion In The Near Future At A CAGR of 5.2% During The Forecast Period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Low voltage power and control cable Market” that contains information from 2019 to 2035.

The Global Low Voltage Power And Control Cable Market is estimated to register a CAGR of 5.2% during the forecast period of 2024 to 2035.

MRFR recognizes the following companies as the key players in the Global Low voltage power and control cable Market— include Prysmian Group, Southwire Company, ELSEWEDY Electric, Sumitomo Electric Industries, Hitachi Energy, Ls Cable & System, Atkore Inc, FINOLEX Cables Ltd, FINOLEX Cables Ltd, Far East Cable Co., Ltd, And Others.

Market Highlights

The Global Low voltage power and control cable Market is estimated to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 100.57 Billion by 2035.

Residential construction is one of the most influential drivers of the global low voltage (LV) power and control cable market, as every housing unit requires structured internal wiring for power distribution, lighting, HVAC systems, and increasingly, for control systems tied to digital connectivity and automation. As of 2025, urban population shares stand at 83% in North America, 82% in Latin America, 76% in Europe, 70% in Oceania, and globally at 58%. 

Meanwhile, Asia and Africa with urban populations of 53% and 45% respectively are poised for a wave of urban housing growth due to rising incomes, demographic shifts, and rural-to-urban migration. In India, the Union Budget 2024–25 earmarked INR 10 lakh crore (~USD 120 billion) under PM Awas Yojana – Urban 2.0, specifically targeting affordable housing for urban and semi-urban households. This unprecedented allocation is expected to catalyze new residential developments, especially in Tier 2 and Tier 3 cities. China’s residential construction sector is projected to grow 7.4% in 2024, reaching CNY 9.13 trillion (~USD 1.26 trillion), driven by urban regeneration projects and green housing standards. 

In the U.S., public sector investment in residential construction rose from USD 6.89 billion in 2019 to USD 11.7 billion in 2024, a 69.8% increase that reflects federal and state-led affordable housing programs. Canada’s total residential investment reached USD 102.4 billion in 2024, growing 3.0% year-over-year, with multi-dwelling unit investment increasing 9.3% to USD 54.6 billion, driven by immigration and urban densification policies. In Japan, residential development is supported by favorable interest rates and reconstruction efforts, with the construction sector contributing 5.5% to GDP in 2021.

Segment Analysis

The Global Low voltage power and control cable Market has been segmented based on By Cable Type, By Core Material, By Application, By Voltage Rating, By  Product Specifications.

Based on cable type, the Global Low Voltage Power and Control Cable Market is Segmented into: , Armoured, Unarmoured, Screened, Unscreened. The Armoured segment held the largest market share in 2024, and the Armoured segment is the fastest-growing segment during the forecast period (2025 -2035).

Armoured low voltage (LV) power and control cables are reinforced with a protective layer typically steel wire armour (SWA) or aluminum wire armour (AWA) to enhance mechanical strength and provide protection against physical damage. These cables are designed for harsh environments where the cable may be exposed to direct mechanical stress, underground burial, or rodent attacks. The armouring acts as a barrier against crushing, impact, or accidental excavation, making it ideal for industrial installations, construction sites, mining, utility infrastructure, and outdoor substations. Armoured cables are often used in areas where conduit systems are not feasible or where additional safety is required. Depending on the conductor size and application, armoured LV cables may come with single-core or multi-core configurations.

Based on core material, the Global Low Voltage Power and Control Cable Market is segmented into: Copper , And  Aluminium. The Copper segment held the largest market in 2024, and the Copper segment is the fastest-growing segment during the forecast period.

Copper core low voltage (LV) power and control cables dominate the market due to their superior electrical conductivity, flexibility, and long-term durability. Copper has a high current-carrying capacity and low electrical resistance, making it ideal for delivering consistent power over short and medium distances. Its excellent tensile strength and ductility allow for ease of installation in tight or complex routing conditions, including within industrial automation systems, building infrastructure, and control panels. Copper cables also exhibit better performance under thermal stress and are less prone to expansion and contraction due to temperature fluctuations, which enhances safety and reduces maintenance costs.

Based on application, the Global Low Voltage Power and Control Cable Market is segmented into: Power Distribution, Control and Instrumentation, Building and Construction, Industrial. The Building and Construction segment held the largest market share in 2024, and the Power Distribution segment is the fastest-growing segment during the forecast period.

The building and construction sector is a high-volume consumer of low voltage power and control cables, driven by rapid urbanization, real estate development, and smart infrastructure initiatives worldwide. These cables are essential for electrical wiring in residential, commercial, institutional, and public buildings, supplying power to lighting systems, HVAC units, elevators, communication networks, and backup systems. In modern building design, there is a strong emphasis on safety, energy efficiency, and integration with building management systems (BMS). As a result, the demand for flame-retardant, LSZH, and halogen-free cables has risen sharply, especially in high-rise buildings, hospitals, airports, and shopping malls. The global construction output is expected to reach USD 15 trillion by 2030, according to Oxford Economics, providing sustained opportunities for LV cable installation.

Based on voltage rating, the Global Low Voltage Power and Control Cable Market is segmented into: Below 1 kV, And  Above 1 kV. The Below 1 kV segment held the largest market share in 2024, and the Below 1 kV segment is the fastest-growing segment during the forecast period.

Low voltage (LV) power and control cables rated below 1 kV are the most commonly used category in residential, commercial, and light industrial applications due to their suitability for general-purpose electrical distribution. These cables typically operate at voltages below 1000V, and are employed in powering lighting systems, household appliances, communication devices, building management systems (BMS), HVAC systems, and control panels. Their widespread use in residential and commercial buildings is driven by ease of installation, flexibility, and compliance with safety standards. The global building construction boom especially in regions like Asia-Pacific, the Middle East, and Africa has significantly boosted demand for sub-1 kV LV cables.

Based on product specifications, the Global Low Voltage Power and Control Cable Market is segmented into: Conductor, Insulation, Sheathing Material, and Flame Retardancy. The Conductor segment held the largest market share in 2024, and the Conductor segment is the fastest-growing segment during the forecast period.

The conductor is the central component of any low voltage (LV) power and control cable, responsible for carrying electrical current efficiently and safely. In the global LV cable market, conductors are primarily made of copper or aluminium, with each material offering distinct performance and cost advantages. Copper is widely preferred due to its superior electrical conductivity (approximately 58 MS/m), excellent tensile strength, and high ductility, making it ideal for dense installations, critical applications, and environments requiring compact cabling with high current-carrying capacity. Aluminium conductors, on the other hand, offer a lightweight and cost-effective alternative for applications where lower conductivity can be tolerated, such as long-distance power distribution or utility-scale infrastructure.

Regional Analysis

Based on region, the Global Low Voltage Power and Control Cable Market is segmented into:North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific accounted for the largest market share in 2024 and is anticipated to reach USD 62.50 Billion by 2035. Asia Pacific is projected to grow at the highest CAGR of 5.7% during the forecast period.

Asia-Pacific is the largest and fastest-growing regional market for low voltage (LV) power and control cables, driven by rapid urbanization, industrialization, and ambitious government infrastructure programs. Major economies such as China, India, Japan, South Korea, and Southeast Asian nations are making massive investments in housing, transport, smart cities, and renewable energy fueling exponential growth in cable demand. In China, the “Made in China 2025” strategy and ongoing grid modernization initiatives have led to widespread adoption of LV cables in automated factories, metro rail systems, and large residential projects. 

India’s “Smart Cities Mission”, rural electrification, and PLI schemes for manufacturing are generating demand for a variety of cables, including flame-retardant and armoured types for utilities, infrastructure, and industrial sectors. Southeast Asia, particularly Vietnam, Indonesia, and the Philippines, is emerging as a strong market due to increasing foreign direct investment in industrial zones and expanding power distribution networks. 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. 

The rising prevalence of data centers, manufacturing hubs, and logistics facilities, along with the push toward Industry 4.0, has bolstered the use of screened and unscreened control cables. Challenges such as variable quality standards and raw material price volatility persist, especially in lower-income markets, but ongoing harmonization with IEC and IS standards is improving product consistency. With favorable demographics, rising per capita electricity use, and strong policy support, the Asia-Pacific region is expected to maintain its leadership in the global LV cable market well into the next decade.

Key Findings of the Study

• The Global Low Voltage Power and control cable Market is expected to reach USD 100.57 Billion by 2035, at a CAGR of 5.2% during the forecast period.


• The Asia Pacific region accounted for the fastest growth in the global market.


• Based on By Application, the Building and Construction segment was attributed to holding the largest market in 2024.


• Prysmian Group, Southwire Company, ELSEWEDY Electric, Sumitomo Electric Industries, Hitachi Energy, Ls Cable & System, Atkore Inc, FINOLEX Cables Ltd, FINOLEX Cables Ltd, Far East Cable Co., Ltd, And Others are the key market players.