United States Wires and Cables Market Report and Forecast 2025-2034

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