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    Low Voltage Power Control Cable Market

    ID: MRFR/E&P/21290-CR
    173 Pages
    Chitranshi Jaiswal
    September 2025

    Low Voltage Power and Control Cable Market Research Report Information By Cable Type (Armoured, Unarmoured, Screened, Unscreened), By Core Material (Copper, Aluminium), Application (Power Distribution, Control and Instrumentation, Building and Construction, Industrial) , By Voltage Rating ( Below 1 kV, Above 1 kV), By Product Specifications (Conductor, Insulation, Sheathing Material, Flame Retardancy), and By Region (North America, Europe, Asia-Pacific, South America, And Middle East & Africa) – Market Forecast Till 2035

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    Low Voltage Power Control Cable Market Summary

    The Global Low Voltage Power and Control Cable Market is projected to grow from 57.7 USD Billion in 2024 to 100.6 USD Billion by 2035.

    Key Market Trends & Highlights

    Low Voltage Power and Control Cable Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 5.18 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 100.6 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 57.7 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of renewable energy sources due to increasing environmental concerns is a major market driver.

    Market Size & Forecast

    2024 Market Size 57.7 (USD Billion)
    2035 Market Size 100.6 (USD Billion)
    CAGR (2025-2035) 5.18%

    Major Players

    Prysmian Group, Southwire Company, ELSEWEDY Electric, Sumitomo Electric Industries, Hitachi Energy, Ls Cable & System, Atkore Inc, FINOLEX Cables Ltd, Far East Cable Co., Ltd

    Low Voltage Power Control Cable Market Trends

    ADVANCEMENT OF AUTOMOTIVE INDUSTRY

    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.

    The ongoing transition towards renewable energy sources and the expansion of smart grid technologies are driving an increasing demand for low voltage power and control cables, which are essential for efficient energy distribution and management.

    U.S. Department of Energy

    Low Voltage Power Control Cable Market Drivers

    Rising Demand for Renewable Energy

    The Global Low Voltage Power and Control Cable Market Industry is experiencing a notable surge in demand due to the increasing adoption of renewable energy sources. Governments worldwide are investing heavily in solar and wind energy projects, which require efficient power distribution systems. For instance, the global shift towards renewable energy is projected to drive the market to a valuation of 57.7 USD Billion in 2024. This trend indicates a growing need for low voltage cables that can effectively manage the distribution of electricity generated from these renewable sources, thereby enhancing the overall efficiency of energy systems.

    Market Segment Insights

    Global Low Voltage Power and Control Cable By Cable Type Insights

    Based on cable type, the 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. Insulation and sheathing materials used typically include XLPE (cross-linked polyethylene) or PVC, offering thermal resistance and dielectric strength. Armoured cables also conform to standards such as BS 5467 or IS 7098 Part 1 for performance and fire safety. 

    Globally, this segment has strong adoption in energy-intensive industries, such as oil & gas, heavy manufacturing, and power distribution, especially in regions with demanding installation environments. Growth in metro rail, industrial automation, and renewable energy sectors is expected to further drive demand for armoured LV cables due to their safety, durability, and reliability in adverse conditions.

    Global Low Voltage Power and Control Cable By Core Material Insights

    Based on core material, the 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. These properties make copper core cables the preferred choice for critical applications such as data centers, hospitals, transport infrastructure (e.g., metro systems and airports), oil & gas refineries, and smart buildings. Despite being more expensive than aluminum, copper’s longevity and reliability often offset the upfront cost, particularly in environments demanding low voltage precision and safety compliance. 

    Globally, copper core LV cables are manufactured according to standards such as IEC 60228, IS 8130, BS 5467, and others to ensure performance and safety. As electrification spreads and energy efficiency becomes a top priority, copper’s high conductivity supports lower transmission losses an increasingly important factor in green building certifications and sustainable infrastructure projects.

    Global Low Voltage Power and Control Cable By Application Insights

    Based on application, the 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. In addition, the growing adoption of smart homes, green buildings, and LEED-certified structures necessitates reliable cabling infrastructure that can support automation, IoT integration, and renewable energy sources like rooftop solar. 

    Modular construction and prefabrication trends are also encouraging the use of factory-assembled, easy-to-install cable systems. Regional markets such as India, Southeast Asia, and the Middle East are witnessing a surge in infrastructure investment, thereby accelerating demand in this segment. As energy codes become more stringent and building automation becomes the norm, the role of high-performance LV power and control cables in this sector is expected to grow substantially.

    Global Low Voltage Power and Control Cable By Voltage Rating Insights

    Based on voltage rating, the 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. These cables are also widely used in applications such as internal wiring, distribution boards, data centers, offices, hotels, and shopping malls. Materials such as PVC and XLPE are commonly used for insulation and sheathing, while LSZH (Low Smoke Zero Halogen) variants are gaining popularity for added fire safety. 

    Regulatory standards like IS 1554 Part 1, IEC 60227, and BS 6004 govern this segment to ensure performance and reliability. With growing investments in electrification, smart buildings, and infrastructure, this voltage segment continues to experience high-volume demand globally. Furthermore, retrofitting projects in mature economies, including the U.S. and Europe, are contributing to sustained replacement demand in this category.

    Figure 1: Low Voltage Power and Control Cable Market, By Voltage Rating, 2024 & 2035 (USD Billion)

    Global Low Voltage Power and Control Cable By Product Specifications Insights

    Based on product specifications, the 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. Conductors may be solid or stranded, with stranded conductors offering improved flexibility for installations in tight spaces or dynamic mechanical environments. Stranding classes (Class 1 to Class 5/6 as per IEC 60228) define the conductor's mechanical flexibility and are chosen based on installation requirements rigid for fixed wiring and flexible for machinery and control panels. Conductors are also available in tinned or plated variants, especially for marine, chemical, and corrosion-prone environments. 

    Regulatory and quality standards like IEC 60228, IS 8130, BS EN 60228, and ASTM B3/B8 govern the classification, resistance, and construction of conductors to ensure optimal performance and safety. With rising adoption of renewable energy systems, smart grids, and energy-efficient buildings, the demand for conductors that can support low loss, sustainable, and high-temperature operations is growing. Innovations such as high-conductivity aluminium alloys and nano-coated copper strands are also emerging to meet evolving performance requirements.

    Get more detailed insights about Low Voltage Power and Control Cable Market Research Report – Forecast till 2035

    Key Companies in the Low Voltage Power Control Cable Market market include

    Future Outlook

    Low Voltage Power Control Cable Market Future Outlook

    The Low Voltage Power and Control Cable Market is projected to grow at a 5.18% CAGR from 2024 to 2035, driven by increasing demand for renewable energy and smart grid technologies.

    New opportunities lie in:

    • Invest in advanced materials for enhanced cable performance and durability.
    • Develop smart cable solutions integrated with IoT for real-time monitoring.
    • Expand into emerging markets with tailored low voltage solutions for local industries.

    By 2035, the market is expected to achieve robust growth, reflecting evolving energy demands and technological advancements.

    Market Segmentation

    Regional Outlook

    • US
    • Canada
    • Mexico

    Global Low Voltage Power and Control Cable Regional Outlook

    • US
    • Canada
    • Mexico

    Low Voltage Power and Control Cable Market By Cable Type Outlook (USD Billion, 2019-2035)

    • Armoured
    • Unarmoured
    • Screened
    • Unscreened

    Low Voltage Power and Control Cable Market By Application Outlook (USD Billion, 2019-2035)

    • Power Distribution
    • Control and Instrumentation
    • Building and Construction
    • Industrial

    Low Voltage Power and Control Cable Market By Core Material Outlook (USD Billion, 2019-2035)

    • Copper
    • Aluminium

    Low Voltage Power and Control Cable Market By Voltage Rating Outlook (USD Billion, 2019-2035)

    • Below 1 kV
    • Above 1 kV

    Low Voltage Power and Control Cable Market By Product Specifications Outlook (USD Billion, 2019-2035)

    • Conductor
    • Insulation
    • Sheathing Material
    • Flame Retardancy

    Report Scope

    Report Attribute/Metric

    Details

    Market Size 2024

    USD 57.69 BILLION

    Market Size 2025

    USD 60.41 BILLION

    Market Size 2035

    USD 100.57 BILLION

    Compound Annual Growth Rate (CAGR)

    5.2% (2025-2035)

    Base Year

    2024

    Market Forecast Period

    2025-2035

    Historical Data

    2019- 2023

    Market Forecast Units

    Value (USD Billion)

    Report Coverage

    Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends

    Segments Covered

    By Cable Type, By Core Material, By Application, By Voltage Rating, By Product Specifications

    Geographies Covered

    North America, Europe, Asia-Pacific, South America, Middle East & Africa.

    Countries Covered

    the U.S., Canada, Mexico, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of Asia Pacific, Brazil, Argentina, Rest of South America, GCC Countries, South Africa, Rest of MEA.

    Key Companies Profiled

    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

    Key Market Opportunities

    ·         Growing Smart Cities and Building Automation

    ·         Expansion Of Smart Grid Infrastructure

    Key Market Dynamics

    ·         Increasing Demand for Renewable Energy Sources

    ·         Growth Of Industrial Automation and Smart Manufacturing

    FAQs

    How much is the Low Voltage Power and Control Cable Market?

    The Low Voltage Power and Control Cable Market size is expected to be valued at USD 100.57 Billion in 2035.

    What is the growth rate of the Low Voltage Power and Control Cable Market?

    The global market is projected to grow at a CAGR of 5.2% during the forecast period, 2025-2035.

    Which region holds the largest market share in the Low Voltage Power and Control Cable Market?

    Asia Pacific had the largest share of the global market.

    Who are the key players in the Low Voltage Power and Control Cable Market?

    The key players in the market are Astec Industries including 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.

    Which By Cable Type led the Low Voltage Power and Control Cable Market?

    Armoured dominated the market in 2024.

    Which By Application had the largest market share in the Low Voltage Power and Control Cable Market?

    The Building and Construction Segment had the largest revenue share of the global market.

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