Portland, OR, Aug. 03, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Low Voltage Cable MarketBased on end use, the renewable energy segment accounted for the largest share in 2022, contributing to around two-fifths of the global low voltage cable market revenue, and is projected to maintain its lead position during the forecast period. Low voltage cables play a significant role in the renewable energy sector, supporting the efficient and reliable transmission of electricity generated from renewable sources to the power grid and end-users. Renewable energy sources, such as solar, wind, hydro, and geothermal, produce electricity at various voltage levels, and low voltage cables are used for specific applications within renewable energy systems. The infrastructure segment is projected to grow at a CAGR of 6.2% from 2023 to 2032. Low voltage cables are extensively used in buildings for electrical wiring, powering lighting systems, outlets, switches, and other electrical devices. They provide a safe and efficient means to distribute electricity throughout residential, commercial, and industrial structures. Besides, these cables are used for street lighting systems, illuminating roads, pathways, and public spaces in urban and rural areas. David Correa
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