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North America Medium Voltage Cables Market Size, Share, Trends, Forecast: By Installation: Underground, Submarine, Overhead; By Components: Termination Cables, Joints, XLPE Cables, Others; By Voltage: 1 kV - 15 kV, 16 kV - 35 kV, 36 kV – 70 kV, Others; By Application: Industrial, Infrastructure, Others; Competitive Landscape; 2024-2032
North America Medium Voltage Cables Market Outlook
The North America medium voltage cables market size is projected to grow at a CAGR of 4.50% between 2024 and 2032. The market is being aided by the growing industrial activities and surging infrastructural development in the United States and Canada.
Key Trends in the Market
Medium voltage cable refers to a type of power cable having a voltage ranging between 1000V to 30KV. The main purpose of a medium voltage cable is to supply a region with electrical energy.
- Medium voltage cables are flexible, durable, easy to install, and abrasion, oil, and impact resistant. Additionally, these cables offer a reliable power source to end users, leading to their heightened demand across various end-use sectors across the region.
- Medium voltage cables are crucial in the manufacturing sector to provide a reliable supply of power. In this regard, the increasing manufacturing activities in the United States and Canada are bolstering the North America medium voltage cables market growth.
- Rapid infrastructure development activities are generating a healthy demand for electricity, which, in turn, is boosting the demand for medium voltage cables. Furthermore, favourable government initiatives encouraging sustainable energy generation practices are crucial North America medium voltage cables market trends.
Market Analysis
Based on installation, the market is segmented into underground, submarine, and overhead. On the basis of components, the market is classified into termination cables, joints, and XLPE cables, among others. By voltage, the market is categorised into 1 kV - 15 kV, 16 kV - 35 kV, and 36 kV – 70 kV, among others.
Based on application, the North America medium voltage cables market segmentation includes industrial, infrastructure, and renewable energy, among others. The various countries included in the market report are the United States and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the North America medium voltage cables market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- 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
Market Share by Installation
Medium-voltage underground cable systems account for a significant portion of the North America medium voltage cables market share. Medium voltage cables laid underground are less impacted by extreme weather conditions and their visual impact on the surroundings is extremely low. In addition, underground medium voltage cables offer enhanced safety and are less susceptible to transmission losses, which leads to a reliable supply of power.
Market Share by Components
As per the North America medium voltage cables market analysis, termination cables are expected to witness a healthy growth in the forecast period. Termination medium voltage cables are easy to install, boast capacitive stress control features, and have proper workability even during water stagnation. Moreover, the rapid development of termination cables with eco-friendly designs is further escalating the North America medium voltage cables market demand.
Competitive Landscape
Southwire Company, LLC. is one of the largest electrical cable manufacturers in the world. The product portfolio of the company includes wires and cables, tools and equipment, power management solutions, and electrical components, among others.
LS Cable & System Ltd. is one of the leading manufacturing companies that offers energy wire and cable products, catering to the demands of commercial, industrial, renewable, and utility sectors, among others.
Sumitomo Electric Industries, Ltd. is a renowned company that manufactures electric wires, ceramics, semiconductors, and optical fibre cables, among other products. The company was founded in 1897 and is headquartered in Osaka, Japan.
Other North America medium voltage cables market players include TPC Wire and Cable Corporation, NXT A/S, Nexans S.A., Prysmian S.p.A., and CME Wire and Cable, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Installation |
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| Breakup by Components |
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| Breakup by Voltage |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.50% between 2024 and 2032.
The various advantages of medium voltage cables, rapid infrastructure development activities across, and the increasing manufacturing activities are the major drivers of the market.
The key trends in the market include ease of installation offered by termination medium voltage cables and favourable government encouraging sustainable and eco-friendly ways of electricity generation.
Underground, submarine, and overhead are the different segments based on the installation of the product.
Termination cables, joints, and XLPE cables, among others, are the major components of medium voltage cables.
1 kV-15 kV, 16 kV- 35 kV, and 36 kV-70 kV, among others, are the various voltages of medium voltage cables.
The different applications of medium voltage cables are industrial, infrastructure, and renewable energy, among others.
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 CME Wire and Cable, Inc., among others, are the key market players.
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