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United States Wires and Cables Market Size, Analysis: By Voltage: Low Voltage, Medium Voltage, High Voltage, High Voltage; By Product: Power Cables, Building Wires, Flexible Wires and Cables, EHV Cables, Control/Instrumentation Cables, Others; By Material; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
United States Wires and Cables Market Outlook
The United States wires and cables market size reached approximately USD 31.8 billion in 2023. The market is projected to grow at a CAGR of 3.0% between 2024 and 2032, reaching a value of around USD 41.9 billion by 2032.
Key Takeaways
- The energy and power sector in the US is one of the leading consumers of the product.
- The United States accounts for about 6% of the global copper production.
- Export of copper from the United States increased by 2% in 2022 over 2021, with a significant share being exported to Mexico.
The country’s economy, national security, and health and safety of citizens depend on the reliable delivery of electricity. The electric grid in the United States has over 9,200 electric generating units with more than 1 million megawatts of generating capacity connected to over 600,000 miles of transmission lines . The grid modernisation, which includes the deployment of smart grid technology, and distributed energy resources, is leading to an increased use of wires and cables. The United States wires and cables market is being driven by rising construction and renovation activities. Reportedly, in 2020, the American population spent USD 363 billion on home improvements, renovations, and repairs, which further reached to USD 406 billion in 2021. This marked an 11.8% increase from 2020 and about three times the average annual growth of 4.4%.
Copper is a common raw material for the manufacture of wires and cables, due to its high ductility and conductivity. In 2022, copper production in the United States was about 1.3 million tons (t), representing an increase of 6% as compared to 2021. The improved availability of raw materials is aiding the United States wires and cables market.
In 2022, Arizona, with the presence of major companies such as Freeport-McMoRan, Asarco, Carlota Copper (a subsidiary of KGHM International), Taseko Mines' Florence Copper asset, and Excelsior Mining stood as the leading producer of copper amounting to about 70% of domestic output. The other states with copper production are Western States like Nevada, New Mexico, and Utah.
Market Segmentation
United States Wires and Cables Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Market Breakup by Product
- Power Cables
- Building Wires
- Flexible Wires and Cables
- EHV Cables
- Control/Instrumentation Cables
- Others
Market Breakup by Material
- Copper
- Aluminium
- Others
Market Breakup by End Use
- Construction
- Residential
- Commercial
- Telecommunications
- Energy and Power
- Automotive
- Aerospace and Defence
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
Companies are adopting energy-efficient processes and technologies for the manufacture of wires and cables for reducing both operational costs and the carbon footprint.
- Southwire Company, LLC
- TE Connectivity Ltd
- Amphenol Corporation
- Furukawa Electric Co. Ltd
- Micro-Tek Corporation
- Sumitomo Electric Industries Ltd
- Belden Inc
- Nexans S.A.
- Encore Wire Corp.
- Dacon Systems, Inc
- 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 Voltage |
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by End Use |
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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 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)
8.4 North America Wires and Cables Market by Country
8.4.1 United States
8.4.2 Canada
9 United States Wires and Cables Market Overview
9.1 Key Industry Highlights
9.2 United States Wires and Cables Historical Market (2018-2023)
9.3 United States Wires and Cables Market Forecast (2024-2032)
10 United States Wires and Cables Market by Voltage
10.1 Low Voltage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medium Voltage
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 High Voltage
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Wires and Cables Market by Product
11.1 Power Cables
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Building Wires
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Flexible Wires and Cables
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 EHV Cables
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Control/Instrumentation Cables
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 United States Wires and Cables Market by Material
12.1 Copper
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Aluminum
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 United States Wires and Cables Market by End Use
13.1 Construction
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.1.3 Breakup by Type
13.1.3.1 Residential
13.1.3.2 Commercial
13.2 Telecommunications
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Energy and Power
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Automotive
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Aerospace and Defence
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 United States Wires and Cables Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code – 854411, 854419, 854420)
17.1 Major Exporting Countries
17.1.1 By Value
17.1.2 By Volume
17.2 Major Importing Countries
17.2.1 By Value
17.2.2 By Volume
18 Price Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Southwire Company, LLC
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 TE Connectivity Ltd.
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Amphenol Corporation
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Furukawa Electric Co. Ltd.
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Micro-Tek Corporation
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Sumitomo Electric Industries Ltd.
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Belden Inc.
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Nexans S.A.
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Encore Wire Corp.
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Dacon Systems, Inc.
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Wires and Cables Market: Key Industry Highlights, 2018 and 2032
2. United States Wires and Cables Market: Key Industry Highlights, 2018 and 2032
3. United States Wires and Cables Historical Market: Breakup by Voltage (USD Billion), 2018-2023
4. United States Wires and Cables Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
5. United States Wires and Cables Historical Market: Breakup by Product (USD Billion), 2018-2023
6. United States Wires and Cables Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. United States Wires and Cables Historical Market: Breakup by Material (USD Billion), 2018-2023
8. United States Wires and Cables Market Forecast: Breakup by Material (USD Billion), 2024-2032
9. United States Wires and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. United States Wires and Cables Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. United States Wires and Cables Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States Wires and Cables Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. United States Wires and Cables Market Structure
Key Questions Answered in the Report
The market reached approximately USD 31.8 billion in 2023.
The market is estimated to grow at a CAGR of 3.0% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 41.9 billion by 2032.
The major end uses include construction, telecommunications, energy and power, automotive, aerospace and defence, and others.
The key materials are copper, aluminium, and others.
The products include power cables, building wires, flexible wires and cables, EHV cables, control/instrumentation cables, and others.
Low voltage, medium voltage, and high voltage are the operating voltages for wires and cables.
The major players in the market are Southwire Company, LLC, TE Connectivity Ltd, Amphenol Corporation, Furukawa Electric Co. Ltd, Micro-Tek Corporation, Sumitomo Electric Industries Ltd, Belden Inc, Nexans S.A., Encore Wire Corp., and Dacon Systems, Inc, among others.
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