Apr 1, 2016
The residential and commercial cabling market is growing at a rapid pace. According to the Global Low Voltage Cable Market report, the electronic/low-voltage cable market is expected to reach a net worth of $147.3 Billion by 2020. This report suggests that the increase in construction business will cause tremendous growth in this market.Analysts forecast that rising demand for electricity will directly impact growth in power generation, transmission, and distribution departments. This forecasted growth has attracted vendors from all over the globe to compete for significant market share. The report highlights that the power distribution sector will enable the low voltage cable market to grow at 7.34% CAGR (compound annual growth rate) by 2020.“With this much growth on the horizon, it is imperative that we cater to the users of our electronic/low voltage products and consider their installation & profitability needs” says David Oriatti, V.P. of Sales & Marketing – Cord & Electronic.Southwire offers a complete line of SIMpull Solutions® products and services, maximizing safety, productivity and reliability while on the job site. “We are very excited to expand these solutions into our electronic/low voltage product offering” says David Oriatti, “and soon will expand our fire alarm cable offerings to include products with Southwire’s NoLube® jacket, making wire pulls smoother and eliminating the need for wire pulling lube.Packaging options for Southwire’s electronic/low voltage products are expanding. Fire Alarm cable will soon be available in SIMpull BARREL™ cable drums and SIMpull® CoilPAK™ wire payoffs. These enhanced options are sure to make low voltage installation easier and more profitable for the contractor.Southwire will be exhibiting at the upcoming ISC West Show in Las Vegas, April 6th – 8th. These low voltage products and packaging solutions, in addition to a complementing line of VDV & Electrician’s tools, will be on display in Booth 27119. If you are in the area – be sure to stop by and visit us!For more information on our low voltage products, visit lowvolt.southwire.com.