In 2022, the Latin American low-voltage cable market demand is about 67 billion yuan

According to the latest report released by Grand View Research, by 2022, the Latin American low-voltage cable market is expected to reach $10.54 billion (about 67 billion yuan), with a compound annual growth rate of 8% during the period.

Over the past decade, the rapid development of the industrialization process in Latin America has greatly promoted the growth of electricity demand in Latin America, which has driven the continuous increase in regional cable demand, especially in the field of transmission and distribution.

From the application market point of view, in 2014, construction and distribution are the two main application markets in the low-voltage cable market, and it is expected that by 2022, this trend will continue. The continuous development of infrastructure is the direct cause of the growth in demand for residential, office buildings and power distribution facilities.

In 2014, Brazil was the largest low-voltage cable demand market in Latin America, accounting for 40% of the total regional market. Brazil's development is a microcosm of that of Latin America over the past decade or so. In addition, the boom in Brazil's automotive industry is expected to further boost the demand for low-voltage cables.

From the perspective of suppliers, Nexans, Prysmian, General Cable, Southwire cable, Simon Company, Remee Products, ABB Group will become the main low-voltage cable suppliers in Latin America.

From the perspective of product demand trends, robust, interference-proof and environmentally friendly products will become the development trend of low-voltage cables in Latin America to further ensure public safety. For example, Prysmian Group is developing new polymer sheathing to protect submarine and underground cables from the external environment, and General Cable is focusing more on halogen-free cable series.

This paper adopts real-time exchange rate 1 USD =6.3559 RMB yuan