SAN FRANCISCO, September 29, 2015 /PRNewswire/ --
The Latin America low voltage cables market size is expected to reach USD 10.54 billion by 2022 growing at a CAGR of 8.0% from 2015 to 2022, according to a new report by Grand View Research, Inc. Latin America has undergone a high degree of industrialization over the last decade with several multinational companies making their presence in this region. These companies need high operating power, which has consequently increased the demand for power cables used in distribution networks. These products are required in high quantity for machine installation and power transmission and distribution.
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Low voltage power cables have expanded into several application sectors including conventional electrical power supply as well as gadget assembly. Sophisticated gadgets have penetrated into the Latin American as well as the Central American markets owing to the rising disposable income of people and a general increase in awareness about the latest technology introduced in the market.
Browse full research report with TOC on "Latin America Low Voltage Cables Market Analysis By Application (Buildings, Distribution, Specialty) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/latin-america-low-voltage-cables-market
With the advent of industrialization, robots have been installed to increase production as well as perform dangerous tasks deemed unsafe for humans in a safe manner. These robots also perform dull, monotonous tasks efficiently, thereby boosting production to a large extent. These products are used in industrial robots, thereby boosting low voltage power cables market demand.
Further key findings from the report suggest:
Grand View Research has segmented the Latin America low voltage cables market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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