North America Medium Voltage Cables Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 188 Pages I EMR Inc.
North America Medium Voltage Cables Market and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America medium voltage cables market size is projected to grow at a CAGR of 4.50% between 2024 and 2032. Aided by the growing industrial activities and surging infrastructural development in the United States and Canada, the market is expected to significantly grow by 2032.
Medium voltage cables, typically rated between 1kV and 35kV, are crucial components in the power distribution network. They are widely used in residential, commercial, and industrial sectors for transmitting electricity over medium distances. These cables are designed to ensure high efficiency, reliability, and safety, making them indispensable for modern electrical infrastructure.
The increasing demand for reliable and efficient power transmission and distribution systems is driving the North America medium voltage cables market growth. With the growing urbanisation and industrialisation in the region, there has been a significant rise in the consumption of electricity, necessitating the expansion and upgrade of power infrastructure. Additionally, the rising investments in renewable energy projects, such as wind and solar power, have further contributed to the increasing demand for medium-voltage cables, which are essential for connecting renewable energy sources to the grid.
The ongoing infrastructure development and modernisation initiatives across the region play a significant role in propelling the North America medium voltage cables market expansion. Governments and private sector entities are investing heavily in upgrading ageing electrical infrastructure to improve reliability and efficiency. This includes the replacement of old and outdated cables with modern medium-voltage cables that offer better performance and longevity.
The United States holds a significant share of the market, driven by the high consumption of electricity and the continuous need for infrastructure development. The country's focus on renewable energy projects and smart grid technology supports the North America medium voltage cables market development.
The Canada medium voltage cables market is characterised by increasing investments in renewable energy and the modernisation of power infrastructure. The demand for reliable power transmission and distribution systems in remote and rural areas also contributes to the market growth.
Companies are increasingly focusing on developing advanced cable technologies, such as high-temperature superconducting cables and self-healing cables, to meet the evolving needs of the power sector. With the growing emphasis on sustainability, manufacturers are adopting eco-friendly production practices and sourcing sustainable raw materials for medium-voltage cable production. To meet the rising demand, companies in the North America medium voltage cables market are expanding their production capacities and establishing new facilities in strategic locations across North America.
Innovations in cable materials, such as the use of cross-linked polyethylene (XLPE) and ethylene propylene rubber (EPR), are enhancing the performance and durability of medium-voltage cables. These materials provide better insulation, thermal resistance, and longevity. The development and deployment of high-temperature superconducting (HTS) cables are emerging as a key trend in the market. These cables offer higher efficiency and can carry more current than conventional cables, making them ideal for high-demand applications.
As per the North America medium voltage cables market analysis, the growing focus on renewable energy sources, such as wind and solar power, presents significant growth opportunities for the market. These cables are essential for connecting renewable energy installations to the grid. The adoption of smart grid technology, which involves the use of digital communication and automation to enhance the efficiency and reliability of power distribution, creates opportunities for medium voltage cable manufacturers to provide advanced solutions. The rising urbanisation and industrialisation in emerging regions, such as parts of Canada, further offer significant growth opportunities for the market.
Market Segmentation
The North America Medium Voltage Cables market can be divided based on installation, components, voltage, application, and country.
Market Breakup by Installation
- Underground
- Submarine
- Overhead
Market Breakup by Components
- Termination Cables
- Joints
- XLPE Cables
- Others
Market Breakup by Voltage
- 1 kV - 15 kV
- 16 kV - 35 kV
- 36 kV - 70 kV
- Others
Market Breakup by Application
- Industrial
- Infrastructure
- Renewable Energy
- Others
Market Breakup by Region
- United States
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America medium voltage cables market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Medium Voltage Cables Market Overview
8.1 Key Industry Highlights
8.2 Unites States Medium Voltage Cables Historical Market (2018-2023)
8.3 Unites States Medium Voltage Cables Market Forecast (2024-2032)
9 North America Medium Voltage Cables Market by Installation
9.1 Underground
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Submarine
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Overhead
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 North America Medium Voltage Cables Market by Components
10.1 Termination Cables
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Joints
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 XLPE Cables
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 North America Medium Voltage Cables Market by Voltage
11.1 1 kV - 15 kV
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 16 kV - 35 kV
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 36 kV - 70 kV
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America Medium Voltage Cables Market by Application
12.1 Industrial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.1.3 Breakup by Type
12.1.3.1 Oil and Gas
12.1.3.2 Metals and Mining
12.1.3.3 Chemicals and Petrochemicals
12.1.3.4 Cement and Manufacturing
12.1.3.5 Utilities
12.2 Infrastructure
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.2.3 Breakup by Type
12.2.3.1 Infrastructure
12.2.3.2 Commercial and Residential
12.3 Renewable Energy
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 North America Medium Voltage Cables Market by Country
13.1 United States
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Southwire Company, LLC.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 LS Cable & System Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sumitomo Electric Industries, Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 TPC Wire and Cable Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 NKT A/S
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nexans S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Prysmian S.p.A.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 CME Wire and Cable, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Medium Voltage Cables Market: Key Industry Highlights, 2018 and 2032
2. North America Medium Voltage Cables Market: Key Industry Highlights, 2018 and 2032
3. North America Medium Voltage Cables Historical Market: Breakup by Installation (USD Million), 2018-2023
4. North America Medium Voltage Cables Market Forecast: Breakup by Installation (USD Million), 2024-2032
5. North America Medium Voltage Cables Historical Market: Breakup by Components (USD Million), 2018-2023
6. North America Medium Voltage Cables Market Forecast: Breakup by Components (USD Million), 2024-2032
7. North America Medium Voltage Cables Historical Market: Breakup by Voltage (USD Million), 2018-2023
8. North America Medium Voltage Cables Market Forecast: Breakup by Voltage (USD Million), 2024-2032
9. North America Medium Voltage Cables Historical Market: Breakup by Application (USD Million), 2018-2023
10. North America Medium Voltage Cables Market Forecast: Breakup by Application (USD Million), 2024-2032
11. North America Medium Voltage Cables Market Structure
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.