Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others), By Countries (United States, Canada, Rest of North America) And Competitive Landscape.
Product Code: ETC001504 | Publication Date: Dec 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The North America Wires and Cables market report thoroughly covers the market by voltage, installation, products, materials, end-users and key countries. The North America Wires and Cables market outlook report provides an unbiased and detailed analysis of the on-going North America Wires and Cables market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Wires and Cables Market Synopsis
North America wires and cables market is projected to witness substantial growth in the upcoming six years on the back of the rising growth of several industries like telecommunication, construction, and energy & power. Additionally, the Aerospace industry is estimated to generate high sales revenues in the market owing to a rise in the production process of aircraft due to the rise in aircraft export practices which require wires and cables in the development of aircraft is expected to propel the significant demand for wires and cables and would benefit the entire North America wires and cables market growth in the coming years.
According to 6Wresearch, North America Wires and Cables Market size is projected to grow at a CAGR of 4.6% during 2025-2031. The growing demand for energy transmission is one of the major drivers of the North American wires and cables market. With North America being home to numerous industries and commercial sectors, there is a great need for reliable and efficient power transmission systems. This demand has led to an increased focus on the development of high-quality and high-capacity power cables, which could withstand the harsh conditions prevalent in the region. Another major driver of the North America wires and cables industry is the rapid growth of the automotive market. With the increasing demand for electric vehicles (EVs), there has been an upsurge in the demand for charging infrastructure cables that can support faster charging times. This has resulted in an investment in research and development to create more efficient as well as robust cables that can handle higher power transfer loads.
Some most prominent key players effectively running their business and helping in the North America wires and Cables Market growth are Southwire, General Cable, Belden. These companies in the market have established themselves with a wide range of products as well as services. They have also invested in the development of new technologies and products in order to keep up with the market's ever-growing needs.
The governments in North American countries have implemented programs and initiatives to help the wires and cables industry. One example is the United States' Smart Grid Investment Grant program. This program aims to modernize the electric power transmission and distribution infrastructure by installing advanced metering systems, and distribution automation systems and sensible grid technologies. This initiative aids in improving energy efficiency, reduce carbon footprint, improve resiliency, and inspire job growth in the sector.
High voltage cable segment is estimated to witness high growth over the forecast period owing to increasing demand from energy and power industries in North America. However, Low voltage wires and cables offer a better provision of electricity for the building and construction end-user segment resulting in a further surge in market demand. The renovation of existing buildings across North America is expected to support market growth over the forecast period.
According to Dhaval, Research Manager, 6Wresearch, the United States is the leading revenue-generating country in the North American region owing to the high demand for military applications and supportive government policies to electrify off-grid areas. Also, various government moves such as the “Clean Power Plan” of the United States and “US Grid 2030: National Vision for Electricity” have led to an increase in investment in electricity generation systems resulting in a surge in demand for wires and cables in the country.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Wires and Cables Market Overview |
3.1 North America Country Indicators |
3.2 North America Wires and Cables Market Revenues and Volume 2021-2031F |
3.3 North America Wires and Cables Market Revenue Share, By Voltages, 2021 & 2031F |
3.4 North America Wires and Cables Market Revenue Share, By Installation, 2021 & 2031F |
3.5 North America Wires and Cables Market Revenue Share, By-Products, 2021 & 2031F |
3.6 North America Wires and Cables Market Revenue Share, By Materials, 2021 & 2031F |
3.7 North America Wires and Cables Market Revenue Share, By End Users, 2021 & 2031F |
3.8 North America Wires and Cables Market Revenue Share, By Regions, 2021 & 2031F |
3.9 North America Wires and Cables Market - Industry Life Cycle |
3.10 North America Wires and Cables Market - Porter’s Five Forces |
4 North America Wires and Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Wires and Cables Market Trends |
6 North America Wires and Cables Market Overview, By Voltages |
6.1 North America Wires and Cables Market Revenues and Volume, By Low Voltage, 2021-2031F |
6.2 North America Wires and Cables Market Revenues and Volume, By Medium Voltage, 2021-2031F |
6.3 North America Wires and Cables Market Revenues and Volume, By High Voltage, 2021-2031F |
6.4 North America Wires and Cables Market Revenues and Volume, By Extra High Voltage, 2021-2031F |
7 North America Wires and Cables Market Overview, By Installation |
7.1 North America Wires and Cables Market Revenues and Volume, By Overhead, 2021-2031F |
7.2 North America Wires and Cables Market Revenues and Volume, By Underground, 2021-2031F |
8 North America Wires and Cables Market Overview, By-Products |
8.1 North America Wires and Cables Market Revenues and Volume, By Fiber Optic Cable, 2021-2031F |
8.2 North America Wires and Cables Market Revenues and Volume, By Co-axial Cable, 2021-2031F |
8.3 North America Wires and Cables Market Revenues and Volume, By Other Cables, 2021-2031F |
9 North America Wires and Cables Market Overview, By Materials |
9.1 North America Wires and Cables Market Revenues and Volume, By Copper, 2021-2031F |
9.2 North America Wires and Cables Market Revenues and Volume, By Aluminium, 2021-2031F |
9.3 North America Wires and Cables Market Revenues and Volume, By Glass, 2021-2031F |
10 North America Wires and Cables Market Overview, By End Users |
10.1 North America Wires and Cables Market Revenues and Volume, By Aerospace & Defense, 2021-2031F |
10.2 North America Wires and Cables Market Revenues and Volume, By Building & Construction, 2021-2031F |
10.3 North America Wires and Cables Market Revenues and Volume, By Oil & Gas, 2021-2031F |
10.4 North America Wires and Cables Market Revenues and Volume, By Energy & Power, 2021-2031F |
10.5 North America Wires and Cables Market Revenues and Volume, By IT & Telecommunication, 2021-2031F |
10.6 North America Wires and Cables Market Revenues and Volume, By Others, 2021-2031F |
11 United States Wires and Cables Market Overview |
11.1 United States Wires and Cables Market Revenues & Volume, 2021-2031F |
11.2 United States Wires and Cables Market Revenues and Volume, By Voltages, 2021-2031F |
11.3 United States Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
11.4 United States Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
11.5 United States Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
11.6 United States Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
12 Canada Wires and Cables Market Overview |
12.1 Canada Wires and Cables Market Revenues & Volume, 2021-2031F |
12.2 Canada Wires and Cables Market Revenues and Volume, By Voltages, 2021-2031F |
12.3 Canada Wires and Cables Market Revenues and Volume, By Installation, 2021-2031F |
12.4 Canada Wires and Cables Market Revenues and Volume, By Products, 2021-2031F |
12.5 Canada Wires and Cables Market Revenues and Volume, By Materials, 2021-2031F |
12.6 Canada Wires and Cables Market Revenues and Volume, By End Users, 2021-2031F |
13 Rest of North America Wires and Cables Market Overview |
13.1 Rest of North America Wires and Cables Market Revenues & Volume, 2021-2031F |
14 North America Wires and Cables Market - Key Performance Indicators |
15 North America Wires and Cables Market - Opportunity Assessment |
15.1 North America Wires and Cables Market Opportunity Assessment, By Voltages, 2031 |
15.2 North America Wires and Cables Market Opportunity Assessment, By Installation, 2031 |
15.3 North America Wires and Cables Market Opportunity Assessment, By-Products, 2031 |
15.4 North America Wires and Cables Market Opportunity Assessment, By Materials, 2031 |
15.5 North America Wires and Cables Market Opportunity Assessment, By End Users, 2031 |
15.6 North America Wires and Cables Market Opportunity Assessment, By Countries, 2031 |
16 North America Wires and Cables Market Competitive Landscape |
16.1 North America Wires and Cables Market Revenue Share, By Company |
16.1.1 United States Wires and Cables Market Revenue Share, By Companies, 2024 |
16.1.2 Canada Wires and Cables Market Revenue Share, By Companies, 2024 |
16.2 North America Wires and Cables Market Competitive Benchmarking, By Operating & Technical Parameters |
17. Company Profiles |
18. Key Recommendations |
19. Disclaimer |