North America Medium Voltage Cables Market: Foreseen to Achieve Nearly 3.80% CAGR During 2025-32
As per the research report by Report Cube, the North America Medium Voltage Cables Market size is valued at USD 20.12 billion by 2032 and is estimated to grow at a CAGR of about 3.80% during the forecast period, 2025-32.
The industry is booming owing to factors such as urbanization, the rising use of renewable energy sources, and the expansion of energy infrastructure. Long-distance electricity transfers in commercial, industrial, and utility applications require medium voltage cables, which are in great demand due to the ongoing modernization of the electrical grid & increasing expenditures on renewable energy projects, including wind & solar farms. In the industrial sector of the region, mainly in the US & Canada, medium-voltage cables are also frequently deployed to supply reliable energy delivery & power machines.
Additionally, cross-linked polyethylene (XLPE), one of the technologically advanced cable materials, is motivating the industry by improving durability, efficiency, and resilience to environmental stress. Moreover, governments & utility corporations in North America are investing in resilient energy infrastructure to meet the region's growing electricity consumption & ensure dependability during natural disasters. Consequently, this is creating new prospects for the market. The growing interest in renewable energy sources, such as wind, solar, and hydropower is a major aspect propelling the Medium Voltage Cables Market in North America. Also, for renewable energy projects to connect generation sites to the grid & distribute power effectively, medium voltage cables & other reliable transmission & distribution infrastructure are vital.
Furthermore, there is an insistent requirement for charging infrastructure as EVs (electric vehicles) gain popularity among North Americans, and this demand is impacted by robust electrical networks. Besides, medium voltage cables are vital for connecting EV charging stations to power grids & ensuring stable and active energy transfer. Therefore, there would be immensely profitable probabilities for the market in the anticipated years due to the booming rise of EVs, further states the research study, North America Medium Voltage Cables Market Analysis, 2025.
Analyzing the North America Medium Voltage Cables Market Segmentation
Up to 25kV segment to Dominate the North America Medium Voltage Cables Market
By voltage, the North America Medium Voltage Cables Market is bifurcated into: Up to 25kV, 26kV-50kV, 51kV-75kV, and 76kV-100kV.
In terms of voltage, the Up to 25kV segment is envisioned to overlook the North America Medium Voltage Cable Market, gaining the largest market share between 2025 and 2032. The dominance is owing to the widespread deployment of up to 25kV voltage cables in a variety of applications, like commercial buildings, small industrial facilities, and power distribution in urban & suburban areas. Also, low-to-medium capacity energy transmission networks, which are widely used in households & businesses across North America, rely on these cables. Additionally, the sector is the most evident category in the market, which is further supported by the expansion of metropolitan regions & the ongoing development of grid infrastructure.
North America Medium Voltage Cables Market Companies Analysis
With the strategic analysis & market study the leading companies, including Southwire Company, LLC., LS Cable & System Ltd., Sumitomo Electric Industries, Ltd., TPC Wire and Cable Corporation, NXT A/S, Nexans S.A., Prysmian S.p.A., CME Wire and Cable, Inc., Others, are predicted to contribute in the growing market outlook.