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

Low Voltage Power and Control Cable Market Overview

The Low Voltage Power and Control Cable Market Size Was Valued at USD 57.69 Billion In 2024. The Global Low Voltage Power and Control Cable Industry Is Projected to grow from USD 60.41 billion in 2025 to USD 100.57 Billion By 2035, Exhibiting A Compound Annual Growth Rate (CAGR) of 5.2% during the Forecast Period (2025 - 2035).

Increasing demand for renewable energy sources and growth of industrial automation and smart manufacturing are driving the Low Voltage Power and Control Cable Markets.

As per an Analyst at MRFR,” Low Voltage (LV) power and control cables are insulated electrical cables designed to transmit power and signals at voltages. These cables are essential components in electrical distribution networks and automation systems across industrial, commercial, and residential settings. 

LV power cables are primarily used for supplying electricity to lighting, HVAC systems, and small machinery, while control cables are used to carry control signals to monitor and manage equipment functions such as relay operations, measurement systems, and automation interfaces”

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Low Voltage Power and 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.

Low Voltage Power and Control Cable 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.

Global Low Voltage Power and Control Cable Regional Insights   

Based on region, the 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.

Figure 2: Low Voltage Power and Control Cable Market, By Region, 2024 & 2035 (USD Billion)

Further, the major countries studied in the market report are 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.

Global Low Voltage Power and Control Cable Key Market Players & Competitive Insight

Many global, regional, and local vendors characterize the Low Voltage Power and Control Cable Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major players in the 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. The Low Voltage Power and Control Cable Market is a consolidated market due to increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the 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

Low Voltage Power and Control Cable Market Segmentation

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 Core Material Outlook (USD Billion, 2019-2035)

• Copper
• Aluminium

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 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

Global Low Voltage Power and Control Cable Regional Outlook

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East
  • GCC Countries
  • South Africa
  • Rest of MEA

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