© 2016 Global Market Insights. All Rights Reserved Low Voltage Cable Market Trend and Forecast Low Voltage Cable Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Russia, Denmark, France, China, Australia, India, Japan, Indonesia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Development, Competitive Market Share & Forecast, 2017 – 2024

© 2016 Global Market Insights. All Rights Reserved Global Low Voltage Cable Market size anticipated to witness significant growth owing to increase in adoption of renewable energy technologies to improve energy security by reducing fossil fuel dependence. Increase in electricity demand coupled with favorable green energy policies will complement the industry outlook. In 2016, globally USD 30 billion was invested in offshore wind generation. In 2016, the EU added GW capacity from renewable sources out of total 24.5 GW capacity produced. Upgradation of transmission and distribution system to increase the reliability and efficiency of grid structures will augment the low voltage cable market. The government and numerous financial institutions are making aggressive investments to improve existing grid infrastructure, which will favor the industry size over the forecast timeframe. Global Market Scenario of Low Voltage Cable

© 2016 Global Market Insights. All Rights Reserved Product Analysis:- The growing application across the automotive segment will further encourage the low voltage cable market size over the forecast period. In 2016, China Passenger Car Association retail sales of vehicles climbed to 9.5 % during January to June which has outpaced 8.4 % in the previous year. Funding constraints due to delay in projects planning and authorization are hampering the industry stability. Regional Trends:- The U.S. low voltage cable market is anticipated to witness an extensive growth due to increasing investments by the government and other financial institution towards augmentation of traditional grid infrastructure. In 2016, the U.S. Department of Energy announced to fund electricity grid projects with a budget of USD 220 million. The Europe low voltage cable market is anticipated to witness attractive growth subject to increasing adoption of sustainable technology. Europe has a target of cutting down its greenhouse gas emissions to 40 % and will produce 27 % of their electricity from renewable sources by 2030 as compared with 1990 levels. In 2016, UK announced that it will close down its last coal powered thermal power plant in 2025.

© 2016 Global Market Insights. All Rights Reserved Competitive Trends: Key players in global low voltage cable market includes Marmon Engineered Wire & Cable, ABB, Sumitomo Electric, Nexans S.A., NKT Cables, General Cable Corporation, Bahra Advanced Cable Manufacture, Prysmian S.P.A, General Cable Corporation, Encore Wire Corporation, Polycab Wires Pvt. Ltd. and Finolex Cables Limited. Global manufacturers are facing stiff competition from the local players across developing regions primarily in the Asia Pacific. Companies are collaborating with local vendors to increase their penetration across local market.

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