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Market Trends

North America Wires and Cables Market Size, Share, Forecast: By Voltage: Low Voltage, Medium and High Voltage, Optical Fibre; By Material: Copper, Aluminium, Glass, Others; By End Use: Building and Construction, Aerospace and Defence, Oil and Gas, IT and Telecommunication, Others; Regional Analysis; Competitive Landscape; 2024-2032

Key Trends in the Market

Wires are solid electricity conductors made using elements like aluminium and copper. They are usually thin and are used to establish electrical connections between two devices. A cable is a thick wire or a group of wires inside a rubber covering that transfers electricity or electrical signals. It is generally made using insulating material to ensure a smooth, secure, and reliable flow of electricity with minimum power loss. Electric wires are essential for all electronic products and significantly aid the power generation and distribution processes.

 

  • To cater to the growing energy requirements of several sectors in North America, there is an increased pressure on the power generation and distribution sectors to expand their operational capacity. Wires and cables are extensively used across the power generation sector to maintain a reliable and secure flow of electricity. The growing inclination towards renewable energy is also projected to support the North America wires and cables market growth.
  • Rapid urbanisation, rising disposable incomes, and improved standard of living have resulted in the expansion of the infrastructure and construction sector in North America. The rise in both public and private construction activities has resulted in a surge in the demand for wires and cables as they are widely employed in building wirings. Hence, the North America wires and cables market demand is being supported by the growing demand for products from various sectors, including commercial, residential, telecom, energy and power, and automotive, among others.
  • There is a growing inclination towards smart grid technologies, including advanced metering and distribution automation systems, in North America to reduce operational costs, minimise loss of power, and improve profit margins. Moreover, the rising demand for swift, reliable, and secure data networking and telecommunication services is one of the key North America wires and cables market trends. The emergence of 5G technology that offers high frequency with ultra-low latency is further expected to bolster the market demand in the forecast period.

 

North America Wires and Cables Market Report Snapshots

North America Wires and Cables Market Size

North America Wires and Cables Market Trends

North America Wires and Cables Market Analysis

North America Wires and Cables Companies

 

*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 Wires and Cables Market Overview

    8.1    Key Industry Highlights
    8.2    North America Wires and Cables Historical Market (2018-2023) 
    8.3    North America Wires and Cables Market Forecast (2024-2032)
9    North America Wires and Cables Market by Voltage
    9.1    Low Voltage 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Medium and High Voltage 
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Optical Fibre
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
10    North America Wires and Cables Market by Material
    10.1    Copper
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Aluminium
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Glass
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Others
11    North America Wires and Cables Market by End Use 
    11.1    Building and Construction
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Aerospace and Defence
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Oil and Gas
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    IT and Telecommunication
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Energy and Power
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    North America Wires and Cables Market by Country
    12.1    United States of America 
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Canada
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
13    Market Dynamics
    13.1    SWOT Analysis 
        13.1.1    Strengths 
        13.1.2    Weaknesses 
        13.1.3    Opportunities 
        13.1.4    Threats 
    13.2    Porter’s Five Forces Analysis 
        13.2.1    Supplier’s Power 
        13.2.2    Buyer’s Power 
        13.2.3    Threat of New Entrants 
        13.2.4    Degree of Rivalry 
        13.2.5    Threat of Substitutes 
    13.3    Key Indicators for Demand 
    13.4    Key Indicators for Price   
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Southwire Company, LLC
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Wesco International
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Prysmian S.p.A
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Sumitomo Electric Industries, Ltd.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Belden Inc.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Nexans S.A.
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Encore Wire Corporation
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Anixter, Inc.
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Demographic Reach and Achievements
            14.2.8.4    Certifications
        14.2.9    Dacon Systems, Inc.
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Demographic Reach and Achievements
            14.2.9.4    Certifications
        14.2.10    TE Connectivity
            14.2.10.1    Company Overview
            14.2.10.2    Product Portfolio
            14.2.10.3    Demographic Reach and Achievements
            14.2.10.4    Certifications
        14.2.11    Others
15    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    North America Wire and Cables Market: Key Industry Highlights, 2018 and 2032
2.    North America Wire and Cables Historical Market: Breakup by Voltage (USD Billion), 2018-2023
3.    North America Wire and Cables Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
4.    North America Wire and Cables Historical Market: Breakup by Material (USD Billion), 2018-2023
5.    North America Wire and Cables Market Forecast: Breakup by Material (USD Billion), 2024-2032
6.    North America Wire and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    North America Wire and Cables Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    North America Wire and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Wire and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    North America Wire and Cables Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 33.23 billion.

The market is assessed to grow at a CAGR of 3.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 44.12 billion by 2032.

The major market drivers include the growing construction and renovation activities and the increasing demand for electricity in various sectors.

The key trends of the market include the advent of 5G technology and the increasing demand for secure and reliable telecommunication and data connection services.

The different materials used in the manufacturing of wires and cables are copper, aluminium, and glass among others.

The major end uses of wires and cables include building and construction, aerospace and defence, oil and gas, IT and telecommunication, and energy and power, among others.

The key market players included in the market report are Southwire Company, LLC, Wesco International, Prysmian S.p.A, Sumitomo Electric Industries, Ltd., Belden Inc., Nexans S.A., Encore Wire Corporation, Anixter, Inc., Dacon Systems, Inc., and TE Connectivity, among others.

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