United States Medium Voltage Cables Market Report and Forecast 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