North America Medium Voltage Cables Market Report and Forecast 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