Report

North America Medium Voltage Cables Market Re

189 pages Dec 2024
North America Medium Voltage C

North America Medium Voltage Cables Market Report and Forecast 2032

North America Medium Voltage Cables Market Share, Size, Analysis, and Report - By Installation (Underground, Submarine, Overhead), By Components (Termination Cables, Joints, XLPE C...ables, Others), By Voltage (1 kV - 15 kV, 16 kV - 35 kV, 36 kV – 70 kV, Others), By Application (Industrial, Infrastructure, Renewable Energy), and Others Read more

  • Information & Technology
  • Pages : 189
  • Dec 2024
  • Report Format :  

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North America Medium Voltage Cables Market Insights & Analysis

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Moreover, a significant trend is also upsurging usage of subterranean cabling systems to replace outdated overhead lines, which is influenced by the requirement for better safety against severe weather, lesser maintenance costs, and greater aesthetics.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.

North America Medium Voltage Cables Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2025-2032): 3.80%

  • Market Value 2032: USD 20.12 Billion

  • Major Players: 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., and Others 

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

  • 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.

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Policy and Regulatory Landscape
  7. North America Medium Voltage Cables Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Installation
      1. Underground
      2. Submarine
      3. Overhead
    3. Market Share, By Components
      1. Termination Cables
      2. Joints
      3. XLPE Cables
      4. Others
    4. Market Share, By Voltage
      1. 1 kV - 15 kV
      2. 16 kV - 35 kV
      3. 36 kV – 70 kV
      4. Others
    5. Market Share, By Application
      1. Industrial
      2. Infrastructure
      3. Renewable Energy
    6. Market Share, By Country
      1. United States
      2. Canada
      3. Rest of the Europe
    7. Market Share, By Company
      1. Revenue Shares
      2. Competition Characteristics
  8. United States Medium Voltage Cables Market Overview, 2020-2032F
    1. Market Size, By Value (in USD Billions)
    2. By Installation
    3. By Components
    4. By Voltage
    5. By Application
  9. Canada Medium Voltage Cables Market Overview, 2020-2032F
    1. Market Size, By Value (in USD Billions)
    2. By Installation
    3. By Components
    4. By Voltage
    5. By Application
  10. Competitive Outlook (Company Profile - Partila List)
    1. Southwire Company, LLC.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    2. LS Cable & System Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    3. Sumitomo Electric Industries, Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    4. TPC Wire and Cable Corporation
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    5. NXT A/S
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    6. Nexans S.A.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    7. Prysmian S.p.A.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    8. CME Wire and Cable, Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    9. Others
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
  11. Contact Us & Disclaimer

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