North America Medium Voltage Cables Market
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Understand The Key Trends Shaping This Market
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The North America Medium Voltage Cables Market is anticipated to register a CAGR of around 3.80% during the forecast period, i.e., 2025-32. Along with this, the market is valued at USD 20.12 billion during 2032. Urbanization, the increasing integration of renewable energy sources, and the rising energy infrastructure are fueling the industry for medium-voltage cables in North America. The continuous modernization of the electrical grid & mounting investments in renewable energy projects, such as wind & solar farms have elevated demand for medium voltage cables, which are vital for transferring electricity over long distances in commercial, industrial, and utility applications. Also, medium-voltage cables are utilized widely in the region's industrial sector, specifically in the US & Canada, to power machinery & offer dependable energy delivery.
Moreover, a significant trend is also upsurging usage of subterranean cabling systems to replace outdated overhead lines, which is influenced by the requirement for better safety against severe weather, lesser maintenance costs, and greater aesthetics. Technological advancements in cable materials, including cross-linked polyethylene (XLPE), are pushing the market by enhancing environmental stress resistance, durability, and efficiency. Also, to satisfy growing electricity consumption & maintain reliability during natural disasters, governments & utility companies in North America are investing in resilient energy infrastructure. Hence, this, in turn, is opening up new potential prospects for the industry.
Furthermore, the North America Medium Voltage Cables Market is predicted to gain from the upscaled emphasis on smart grid & sustainable technologies in the future, which would support regional objectives to reduce carbon emissions & switch to cleaner energy systems. Besides, medium-voltage cables would be crucial in facilitating the growth of EV charging networks throughout North America as EVs become more & more acceptable & prevalent. Also, with the help of existing infrastructure projects, profitable regulatory policies, and improvements in cable technology, the market revenue is foreseen to upgrade over the next few years, setting up the sector for long-term success.
North America Medium Voltage Cables Market Dynamics
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Increase in the Expansion of Renewable Energy Projects to Fuel the Industry
A major aspect driving the Medium Voltage Cables Market in North America is the rising focus on renewable energy sources, such as hydropower, solar, and wind. Medium voltage cables & other consistent transmission & distribution infrastructure are vital for renewable energy projects to link generation locations to the grid & distribute power efficiently. Moreover, striving to reach nearly 100% clean electricity by 2035, the United States is one of several aspiring renewable energy targets being executed by governments around North America. Further, owing to these events, there is a substantial demand for medium-voltage cables for both new installations & infrastructure modifications.
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High Cost of Installation & Maintenance to Impede the Market Expansion
The growth of the North America Medium Voltage Cables Industry is observed to be hampered by high installation & maintenance costs. The complexity of medium voltage cable installation compels specialized tools, trained personnel, and obedience to strict safety regulations, specifically in subterranean & subsea applications, which elevates expenses. Moreover, it takes a lot of resources to maintain & repair these systems, predominantly in risky or isolated areas. Also, these exorbitant costs have the potential to discourage investments in new projects, especially for utilities & smaller companies with tighter budgets, which would contribute to limiting the North America Medium Voltage Cables Market growth.
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Rising Expansion & Shift Towards Electric Vehicle (EV) to Create Market Opportunities
As EVs (electric vehicles) become more popular among the people of North America, there is an upstanding demand for charging infrastructure, which is influenced by strong electrical networks. Further, to safeguard steady & active energy transfer & connect EV charging stations to power grids, medium voltage cables are indispensable. Also, the requirement for medium voltage cables in the transportation & charging industries is foreseen to upscale sharply as electric vehicle sales pick up speed owing to state & federal incentives as well as rising consumer awareness. Hence, with the booming expansion of EVs, there would be great profitable opportunities for the North America Medium Voltage Cables Market in the projected years.
North America Medium Voltage Cables Market Segment-wise Analysis
By Voltage:
- Up to 25kV
- 26kV-50kV
- 51kV-75kV
- 76kV-100kV
The Up to 25kV segment is foreseen to lead the North America Medium Voltage Cable Market in terms of voltage, as it would capture the largest market share during 2025-32. The segment's pervasiveness in varied applications, like small industrial facilities, commercial buildings, and power distribution in urban & suburban areas, is what makes it dominant among all the other voltage levels. These cables are vital to low-to-medium capacity energy transmission networks, which are widely employed in North American homes & businesses.
Furthermore, as numerous installations of renewable energy require cables with voltage ratings in this range, the growing need for renewable energy integration, especially in solar & wind energy projects, further drives the market. Also, the sector is the most noticeable category across the market, which is further assisted by the constant upgrading of grid infrastructure & the expansion of metropolitan areas.
By Installation:
- Termination Cables
- Joints
- XLPE Cables
- Others
In terms of installation, the XLPE (cross-linked polyethylene cables) sector holds a substantial share of the Medium Voltage Cable Market in North America. This supremacy is attributed to XLPE cables' extraordinary performance qualities, which make them impeccable for medium-voltage applications. These qualities include robust thermal resistance, great electrical insulation, and robustness.
Moreover, these cables are generally utilized in sectors where dependable & effective power transmission is vital, such as utilities, renewable energy, and infrastructure projects. As XLPE cables can withstand harsh weather conditions & changing loads, their adoption is further infused by the risen demand for renewable energy integration, specifically from wind & solar farms. Furthermore, the industry leadership of XLPE cables is paved by constant grid modernization projects throughout North America & developments in cable technology.
What Does Our North America Medium Voltage Cables Market Research Study Entail?
- The North America Medium Voltage Cables Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
- The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
- The North America Medium Voltage Cables Market Research Report entails details about the most critical shifts in market share in the prominent regions.
- Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.
Table of Contents
- Introduction
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- Opportunity Assessment
- Recent Trends and Developments
- Policy and Regulatory Landscape
- North America Medium Voltage Cables Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Installation
- Underground
- Submarine
- Overhead
- Market Share, By Components
- Termination Cables
- Joints
- XLPE Cables
- Others
- Market Share, By Voltage
- 1 kV - 15 kV
- 16 kV - 35 kV
- 36 kV – 70 kV
- Others
- Market Share, By Application
- Industrial
- Infrastructure
- Renewable Energy
- Market Share, By Country
- United States
- Canada
- Rest of the Europe
- Market Share, By Company
- Revenue Shares
- Competition Characteristics
- United States Medium Voltage Cables Market Overview, 2020-2032F
- Market Size, By Value (in USD Billions)
- By Installation
- By Components
- By Voltage
- By Application
- Canada Medium Voltage Cables Market Overview, 2020-2032F
- Market Size, By Value (in USD Billions)
- By Installation
- By Components
- By Voltage
- By Application
- Competitive Outlook (Company Profile - Partila List)
- Southwire Company, LLC.
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- LS Cable & System Ltd.
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Sumitomo Electric Industries, Ltd.
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- TPC Wire and Cable Corporation
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- NXT A/S
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Nexans S.A.
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Prysmian S.p.A.
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- CME Wire and Cable, Inc.
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Others
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Southwire Company, LLC.
- Contact Us & Disclaimer
List of Figure
Introduction & Methodology
Figure 1.1: Objective of the Study
Figure 1.2: Product Definition Diagram
Figure 1.3: Market Segmentation Breakdown
Figure 1.4: Study Variables Overview
Figure 1.5: Research Methodology Flowchart
Figure 1.6: Secondary Data Sources
Figure 1.7: Companies Interviewed by Region
Figure 1.8: Primary Data Collection Points
Figure 1.9: Breakdown of Primary Interviews
Executive Summary & Market Dynamics
Figure 2.1: Executive Summary Snapshot
Figure 2.2: Market Drivers Analysis
Figure 2.3: Market Challenges Overview
Figure 2.4: Opportunity Assessment Matrix
Figure 2.5: Recent Trends and Developments Timeline
Figure 2.6: Policy and Regulatory Landscape Summary
North America Medium Voltage Cables Market Overview (2020-2032)
Figure 3.1: Market Size by Value (USD Billion)
Figure 3.2: Market Share by Installation Type
Figure 3.3: Market Share – Underground vs Submarine vs Overhead
Figure 3.4: Market Share by Components
Figure 3.5: Market Share by Voltage Range
Figure 3.6: Market Share by Application Sector
Figure 3.7: Market Share by Country (US, Canada, Rest of Europe)
Figure 3.8: Market Share by Company Revenue Shares
Figure 3.9: Competitive Landscape Overview
United States Medium Voltage Cables Market (2020-2032F)
Figure 4.1: Market Size by Value (USD Billion)
Figure 4.2: Market Share by Installation Type
Figure 4.3: Market Share by Components
Figure 4.4: Market Share by Voltage
Figure 4.5: Market Share by Application
Canada Medium Voltage Cables Market (2020-2032F)
Figure 5.1: Market Size by Value (USD Billion)
Figure 5.2: Market Share by Installation Type
Figure 5.3: Market Share by Components
Figure 5.4: Market Share by Voltage
Figure 5.5: Market Share by Application
Competitive Outlook (Company Profiles)
Figure 6.1: Southwire Company, LLC - Business Segments and Strategic Alliances
Figure 6.2: LS Cable & System Ltd. - Business Segments and Recent Developments
Figure 6.3: Sumitomo Electric Industries, Ltd. - Strategic Partnerships Overview
Figure 6.4: TPC Wire and Cable Corporation - Company Highlights
Figure 6.5: NXT A/S - Business Overview
Figure 6.6: Nexans S.A. - Market Positioning
Figure 6.7: Prysmian S.p.A. - Strategic Alliances
Figure 6.8: CME Wire and Cable, Inc. - Recent Developments
Figure 6.9: Others - Combined Company Profiles and Market Shares
List of Table
Introduction & Methodology
Table 1.1: Study Objectives and Scope
Table 1.2: Product Definitions and Specifications
Table 1.3: Market Segmentation Criteria
Table 1.4: Key Study Variables and Definitions
Table 1.5: Research Methodology Summary
Table 1.6: Secondary Data Sources and References
Table 1.7: List of Companies Interviewed
Table 1.8: Primary Data Points and Questionnaire Summary
Table 1.9: Breakdown of Primary Interviews by Stakeholder Type
Executive Summary & Market Dynamics
Table 2.1: Market Drivers and Their Impact Scores
Table 2.2: Market Challenges and Mitigation Strategies
Table 2.3: Opportunity Assessment by Segment
Table 2.4: Recent Industry Trends Summary
Table 2.5: Key Policies and Regulatory Guidelines
North America Medium Voltage Cables Market Overview (2020-2032)
Table 3.1: Market Size Forecast by Year (USD Billion)
Table 3.2: Market Share by Installation Type (Percentage)
Table 3.3: Component-wise Market Share Distribution
Table 3.4: Market Share by Voltage Category
Table 3.5: Application-wise Market Share
Table 3.6: Market Share by Country (2020-2032)
Table 3.7: Company Revenue Shares and Rankings
United States Medium Voltage Cables Market (2020-2032F)
Table 4.1: Market Size Forecast (USD Billion)
Table 4.2: Installation Type Market Share
Table 4.3: Components Market Share
Table 4.4: Voltage Segment Market Share
Table 4.5: Application-wise Market Share
Canada Medium Voltage Cables Market (2020-2032F)
Table 5.1: Market Size Forecast (USD Billion)
Table 5.2: Installation Type Market Share
Table 5.3: Components Market Share
Table 5.4: Voltage Segment Market Share
Table 5.5: Application-wise Market Share
Competitive Outlook (Company Profiles)
Table 6.1: Southwire Company, LLC - Financial Highlights and Business Segments
Table 6.2: LS Cable & System Ltd. - Company Overview and Partnerships
Table 6.3: Sumitomo Electric Industries, Ltd. - Strategic Alliances
Table 6.4: TPC Wire and Cable Corporation - Business Segments
Table 6.5: NXT A/S - Company Overview and Developments
Table 6.6: Nexans S.A. - Market Position and Alliances
Table 6.7: Prysmian S.p.A. - Strategic Partnerships and Developments
Table 6.8: CME Wire and Cable, Inc. - Financial and Business Overview
Table 6.9: Others - Combined Company Profiles and Market Share
Top Key Players & Market Share Outlook
- 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
Frequently Asked Questions
