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United States 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
United States Medium Voltage Cables Market Outlook
The United States medium voltage cables market size is projected to grow at a CAGR of 4.60% between 2024 and 2032. The market is being aided by the growing preference for underground cabling and the rising emphasis on grid emphasis.
Key Trends in the Market
Power cables are essential to enable the transfer of electricity from one point to another. Different types of cables are made for specific applications based on voltage levels, current capacity, and environmental conditions. One of them is medium voltage cables that are designed to carry voltage ratings of around 1kV up to 70kV.
- The United States medium voltage cables market demand is being aided by the increasing trend of underground cabling. Underground cables offer several advantages, such as reduced visual impact, enhanced safety, and protection against environmental factors like storms and harsh weather conditions. This trend is prominent in new urban developments and areas where overhead power lines are being replaced.
- The paradigm shift towards environment-friendly technologies is one of the significant United States medium voltage cables market trends. This shift in interest creates new opportunities for companies in the country to develop heat-resistant and eco-friendly cables.
- With the rise in extreme weather events and natural disasters, there is a growing emphasis on grid resilience. Ensuring uninterrupted power supply during emergencies and minimising downtime requires robust medium-voltage cable networks. Hence, the United States medium voltage cables market growth can be attributed to increasing investments in the development of resilient cable systems.
Market Analysis
Based on installation, the market is segmented into underground, submarine, and overhead. The United States medium voltage cables market segmentation, on the basis of components, the market can be categorised into termination cables, joints, and XLPE cables, among others.
The market division, based on voltage, includes 1 kV-15 kV, 16 kV-35 kV, and 36 kV- 70 kV, among others. Based on application, the market is divided into industrial, infrastructure, and renewable energy, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States medium voltage cables market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Southwire Company, LLC.
- LS Cable & System USA
- Sumitomo Electric Industries, Ltd.
- TPC Wire and Cable Corporation
- Nexans USA
- Prysmian S.p.A.
- Viakable (CME Wire and Cable, Inc.)
- Others
Market Share by Installation
Underground cabling systems are increasingly installed in urban areas due to their reliability and are likely to account for a substantial amount of the United States medium voltage cables market share in the forecast period. Underground cables offer several benefits, such as minimised visual impact on the surrounding environment. They also enhance overall safety by eliminating the risk of accidental contact with overhead power lines.
Market Share by Application
According to the United States medium voltage cables market analysis, renewable energy is gaining prominence in the country to reduce carbon emissions and environmental pollution caused by traditional energy sources. As investments pour into renewable power generation, there is a growing need for auxiliary components, including energy storage equipment, medium- to high-voltage power cables, and transmission, to support the process for efficient generation and distribution of renewable energy.
Competitive Landscape
Southwire Company, LLC was established in 1950 by Roy Richards Sr. and it has become a well-known corporation that specialises in manufacturing and distributing wire and cable solutions. Over the years, it has evolved into one of the major wire and cable producers in North America. The company's headquarters are in Carrollton, Georgia. With a diverse product portfolio, Southwire offers a wide range of wire and cable products, including electrical cables, utility cables, industrial cables, and various wire-related solutions.
LS Cable & System USA is the American subsidiary of LS Cable & System, a South Korean company specialising in the manufacturing and distribution of advanced cable solutions and related products. Headquartered in New Jersey, LS Cable & System USA serves as a strategic arm of its parent company, offering a diverse range of cable products and services to various sectors in the United States.
Sumitomo Electric Industries, Ltd. is a leading multinational corporation based in Japan, renowned for its expertise in advanced electrical and communication technologies. With its operational history dating back to its founding in 1897, the company has steadily grown into a prominent player across diverse sectors. It has become a driving force behind technological advancements and has continuously contributed to the development of cutting-edge products and solutions.
Other United States medium voltage cables market players include TPC Wire and Cable Corporation, Nexans USA, Prysmian S.p.A., and Viakable (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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| 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 North America Medium Voltage Cables Historical Market (2018-2023)
8.3 North America Medium Voltage Cables Market Forecast (2024-2032)
9 United States Medium Voltage Cables Market Overview
9.1 Key Industry Highlights
9.2 Unites States Medium Voltage Cables Historical Market (2018-2023)
9.3 Unites States Medium Voltage Cables Market Forecast (2024-2032)
10 United States Medium Voltage Cables Market by Installation
10.1 Underground
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Submarine
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Overhead
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Medium Voltage Cables Market by Components
11.1 Termination Cables
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Joints
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 XLPE Cables
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Medium Voltage Cables Market by Voltage
12.1 1 kV - 15 kV
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 16 kV - 35 kV
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 36 kV – 70 kV
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 United States Medium Voltage Cables Market by Application
13.1 Industrial
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.1.3 Breakup by Type
13.1.3.1 Oil and Gas
13.1.3.2 Metals and Mining
13.1.3.3 Chemicals and Petrochemicals
13.1.3.4 Cement and Manufacturing
13.1.3.5 Utilities
13.2 Infrastructure
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Renewable Energy
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
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 USA
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 Nexans USA
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 Prysmian S.p.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 Viakable (CME Wire and Cable, Inc.)
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 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. United States Medium Voltage Cables Market: Key Industry Highlights, 2018 and 2032
3. United States Medium Voltage Cables Historical Market: Breakup by Installation (USD Million), 2018-2023
4. United States Medium Voltage Cables Market Forecast: Breakup by Installation (USD Million), 2024-2032
5. United States Medium Voltage Cables Historical Market: Breakup by Components (USD Million), 2018-2023
6. United States Medium Voltage Cables Market Forecast: Breakup by Components (USD Million), 2024-2032
7. United States Medium Voltage Cables Historical Market: Breakup by Voltage (USD Million), 2018-2023
8. United States Medium Voltage Cables Market Forecast: Breakup by Voltage (USD Million), 2024-2032
9. United States Medium Voltage Cables Historical Market: Breakup by Application (USD Million), 2018-2023
10. United States Medium Voltage Cables Market Forecast: Breakup by Application (USD Million), 2024-2032
11. United States Medium Voltage Cables Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.60% between 2024 and 2032.
The market is being driven by the increasing implementation of underground cabling systems in urban areas in replacement of overhead cabling systems and the growing focus on improving the resilience of electric grids in the United States.
The growth of the market is driven by surging renewable energy generation and the rising inclination towards environment-friendly technologies, which pushes companies to manufacture eco-friendly alternatives to traditional cables.
The different voltages of the product are 1 kV-15 kV, 16 kV-35 kV, and 36 kV- 70 kV, among others.
The different installation methods include underground, submarine, and overhead.
Termination cables, joints, and XLPE cables, among others, are the major components of medium voltage cable.
The different applications of the product are industrial, infrastructure, and renewable energy, among others.
The key players in the market include Southwire Company, LLC., LS Cable & System USA, Sumitomo Electric Industries, Ltd., TPC Wire and Cable Corporation, Nexans USA, Prysmian S.p.A., and Viakable (CME Wire and Cable, Inc.), among others.
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