North America Wires and Cables Market (2024-2030) | Forecast, Revenue, Outlook, Growth, Analysis, Size, Share, Value, Companies, Trends & Industry

Topics Covered in North America Wires and Cables Market Report

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 2024-2030. 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.

Key Players Operating in the Market

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.

Wires and Cables Market in North America: Government Initiatives

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.

Market Segmentation by Voltage

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. 

Market Segmentation by Country

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.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Wires and Cables Market Overview
• North America Wires and Cables Market Outlook
• North America Wires and Cables Market Forecast
• Historical Data of North America Wires and Cables Market Revenues & Volume for the Period 2020-2023
• North America Wires and Cables Market Size and North America Wires and Cables Market Forecast of Revenues & Volume, Until 2030
• Historical Data of North America Wires and Cables Market Revenues & Volume, by voltage, for the Period 2020-2023
• Market Size & Forecast of North America Wires and Cables Market Revenues & Volume, by voltage, Until 2030
• Historical Data of North America Wires and Cables Market Revenues, by installation, for the Period 2020-2023
• Market Size & Forecast of North America Wires and Cables Market Revenues, by installation, Until 2030
• Historical Data of North America Wires and Cables Market Revenues, by-products, for the Period 2020-2023
• Market Size & Forecast of North America Wires and Cables Market Revenues, by-products, Until 2030
• Historical Data of North America Wires and Cables Market Revenues, by materials, for the Period 2020-2023
• Market Size & Forecast of North America Wires and Cables Market Revenues, by materials, Until 2030
• Historical Data of North America Wires and Cables Market Revenues, by end-users, for the Period 2020-2023
• Market Size & Forecast of North America Wires and Cables Market Revenues, by end-users, Until 2030
• Historical Data of United States Wires and Cables Market Revenues and Volume, for the Period 2020-2023
• Market Size & Forecast of United States Wires and Cables Market Revenues and Volume, Until 2030
• Historical Data of Canada Wires and Cables Market Revenues and Volume, for the Period 2020-2023
• Market Size & Forecast of Canada Wires and Cables Market Revenues and Volume, Until 2030
• Historical Data of Rest of North America Wires and Cables Market Revenues and Volume, for the Period 2020-2023
• Market Size & Forecast of Rest of North America Wires and Cables Market Revenues and Volume, Until 2030
• Market Drivers and Restraints
• North America Wires and Cables Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Wires and Cables Market Share, By Players
• North America Wires and Cables Market Share, By Regions
• North America Wires and Cables Market Overview on Competitive Benchmarking

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Voltages

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overhead
• Underground

By-Products

• Fibre Optic Cable
• Co-axial Cable
• Other Cables

By Materials

• Copper
• Aluminium
• Glass

By End Users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

By Countries

• United States
• Canada
• Rest of North America

Frequently Asked Questions About the Market Study (FAQs):