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report thumbnailU.S. Utility Wires and Cables Market

U.S. Utility Wires and Cables Market 2024-2032 Overview: Trends, Competitor Dynamics, and Opportunities

U.S. Utility Wires and Cables Market by Voltage (Below 1KV, 1KV-15KV, 15KV-100KV, 100KV-250KV, Above 250KV), by Application (Distribution Line, Transmission Line), by Forecast 2024-2032

Jul 11 2024
Base Year: 2023
180 Pages
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U.S. Utility Wires and Cables Market 2024-2032 Overview: Trends, Competitor Dynamics, and Opportunities

Key Insights

The U.S. Utility Wires and Cables Market size was valued at USD 5.33 USD Billion in 2023 and is projected to reach USD 7.07 USD Billion by 2032, exhibiting a CAGR of 4.12 % during the forecast period. Utility Wires and Cables Market is the sector that produces and supplies the wires and cables for transmitting power from the power plants to their intended end-users. Use cases contain home, commercial, and industrial electric systems. Types of main cables include low, medium and high-voltage cable, fiber optic cable and coaxial cable. Elements include conductors, insulators and insulating encasements. Recent development in the U. S. market is characterized by the need to upgrade deteriorating infrastructure, introduce renewable energy technologies, and enhance grid intelligence through smart grid technologies in order to realize energy efficiency and reliability. This direction targets the growth of electricity demand, at the same time it facilitates the transition to the system powered with the green energy.

U.S. Utility Wires and Cables Market Research Report - Market Size, Growth & Forecast

U.S. Utility Wires and Cables Trends

  • Increasing electrification and demand for renewable energy sources
  • Growing smart grid infrastructure and automation
  • Advancements in cable materials and technologies
  • Focus on safety and reliability

Driving Forces: What's Propelling the U.S. Utility Wires and Cables Market

  • Aging infrastructure: Aging utility networks drive the need for upgrades and replacements of wires and cables.
  • Government initiatives: Government incentives and regulations promote investments in grid modernization and renewable energy projects.
  • Advancements in technology: Innovations in cable design, materials, and manufacturing enhance performance and efficiency.
  • Growing population and urbanization: Increasing population and urban sprawl create a demand for new and expanded electrical infrastructure.

Challenges and Restraints in U.S. Utility Wires and Cables Market

  • Supply chain disruptions: Global supply chain challenges can affect the availability and cost of raw materials.
  • Environmental concerns: Environmental regulations and the focus on sustainability may increase the cost of production.
  • Fluctuating commodity prices: The market is affected by fluctuations in prices of copper and other原材料.
  • Aging workforce: The skilled workforce needed for cable installation and maintenance is retiring, creating a shortage.

Emerging Trends in U.S. Utility Wires and Cables

  • Digitalization of the grid: Digital technologies enhance grid efficiency and reliability, requiring advanced cables and communication systems.
  • Use of smart materials: Advanced materials such as self-healing polymers and nanomaterials improve cable performance and resilience.
  • Underground cabling: Underground cables reduce visual impact and enhance weather resilience.
  • Focus on sustainability: Sustainable cable design, including recycled materials and biodegradable components, gains importance.

Growth Catalysts in U.S. Utility Wires and Cables Industry

U.S. Utility Wires and Cables Market Growth
  • Government investments in infrastructure: Major infrastructure projects, such as the grid modernization initiative, drive market growth.
  • Expansion of renewable energy: The growing adoption of solar and wind power increases demand for underground cables.
  • Smart city initiatives: Smart city initiatives require advanced cable infrastructure for connectivity and automation.
  • Industrial automation: The increasing automation of industrial processes boosts demand for specialized cables.

Market Segmentation: U.S. Utility Wires and Cables Analysis

Voltage:

  • Below 1KV
  • 1KV-15KV
  • 15KV-100KV
  • 100KV-250KV
  • Above 250KV

Application:

  • Distribution Line
  • Transmission Line

Leading Players in the U.S. Utility Wires and Cables Market

  • Belden Inc. (U.S.)
  • Amphenol (U.S.)
  • Encore Wire Corp (U.S.)
  • Prysmian Group (Italy)
  • Southwire Company (U.S.)
  • Nexans (France)
  • Fujikura Ltd (Japan)
  • Sumitomo Corporation (Japan)
  • LS Cable & System U.S.A. (South Korea)
  • Furukawa Electric Co Ltd (Japan)

Significant developments in U.S. Utility Wires and Cables Sector

  • June 2023: Nexans leads technical development with high-voltage cable for aerospace decarbonization.
  • March 2023: Belden releases the industry's first UL-Certified Hybrid Cable for Class 4 circuits.
  • February 2022: Avangrid Renewables and Prysmian Group partner for offshore wind industry development in the U.S.

Comprehensive Coverage U.S. Utility Wires and Cables Market Report

  • Regional Insight
  • Technology Analysis
  • Pestle Analysis
  • Portor's Five Force Analysis
  • BCG Matrix
  • Import & Export Analysis
  • Production & Consumption
  • Regulatory Landscape

U.S. Utility Wires and Cables Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 4.12% from 2018-2032
Segmentation
    • By Voltage
      • Below 1KV
      • 1KV-15KV
      • 15KV-100KV
      • 100KV-250KV
      • Above 250KV
    • By Application
      • Distribution Line
      • Transmission Line
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Growing Renewable Energy Generation to Stimulate the Demand for Utility Wires and Cables Boosting Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Fluctuation in the Raw Material Price to Hinder the Utility Wires and Cables Market Growth
      • 3.4. Market Trends
        • 3.4.1. Rapid Urbanization and Industrialization to Favor Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Utility Wires and Cables Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Voltage
      • 5.1.1. Below 1KV
      • 5.1.2. 1KV-15KV
      • 5.1.3. 15KV-100KV
      • 5.1.4. 100KV-250KV
      • 5.1.5. Above 250KV
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Distribution Line
      • 5.2.2. Transmission Line
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1.
  6. 6. Northeast U.S. Utility Wires and Cables Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Voltage
        • 6.1.1 Below 1KV
        • 6.1.2 1KV-15KV
        • 6.1.3 15KV-100KV
        • 6.1.4 100KV-250KV
        • 6.1.5 Above 250KV
      • 6.2. Market Analysis, Insights and Forecast - By Application
        • 6.2.1 Distribution Line
        • 6.2.2 Transmission Line
  7. 7. Southeast U.S. Utility Wires and Cables Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Voltage
        • 7.1.1 Below 1KV
        • 7.1.2 1KV-15KV
        • 7.1.3 15KV-100KV
        • 7.1.4 100KV-250KV
        • 7.1.5 Above 250KV
      • 7.2. Market Analysis, Insights and Forecast - By Application
        • 7.2.1 Distribution Line
        • 7.2.2 Transmission Line
  8. 8. Midwest U.S. Utility Wires and Cables Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Voltage
        • 8.1.1 Below 1KV
        • 8.1.2 1KV-15KV
        • 8.1.3 15KV-100KV
        • 8.1.4 100KV-250KV
        • 8.1.5 Above 250KV
      • 8.2. Market Analysis, Insights and Forecast - By Application
        • 8.2.1 Distribution Line
        • 8.2.2 Transmission Line
  9. 9. Southwest U.S. Utility Wires and Cables Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Voltage
        • 9.1.1 Below 1KV
        • 9.1.2 1KV-15KV
        • 9.1.3 15KV-100KV
        • 9.1.4 100KV-250KV
        • 9.1.5 Above 250KV
      • 9.2. Market Analysis, Insights and Forecast - By Application
        • 9.2.1 Distribution Line
        • 9.2.2 Transmission Line
  10. 10. West U.S. Utility Wires and Cables Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Voltage
        • 10.1.1 Below 1KV
        • 10.1.2 1KV-15KV
        • 10.1.3 15KV-100KV
        • 10.1.4 100KV-250KV
        • 10.1.5 Above 250KV
      • 10.2. Market Analysis, Insights and Forecast - By Application
        • 10.2.1 Distribution Line
        • 10.2.2 Transmission Line
  11. 11. Competitive Analysis
    • 11.1. Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Belden Inc. (U.S.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 Amphenol (U.S.)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Encore Wire Corp (U.S.)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Prysmian Group (Italy)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Southwire Company (U.S.)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Nexans (France)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Fujikura Ltd (Japan)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Sumitomo Corporation (Japan)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 LS Cable & System U.S.A. (South Korea)
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 Furukawa Electric Co Ltd (Japan)
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: U.S. Utility Wires and Cables Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
  2. Figure 2: U.S. Utility Wires and Cables Market Value Share (%), by Voltage 2023 & 2031
  3. Figure 3: U.S. Utility Wires and Cables Market Value Share (%), by Application 2023 & 2031
  4. Figure 4: U.S. Utility Wires and Cables Market Share (%) by Company 2023
List of Tables
  1. Table 1: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Voltage 2018 & 2031
  2. Table 2: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Voltage 2018 & 2031
  3. Table 3: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Application 2018 & 2031
  4. Table 4: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Application 2018 & 2031
  5. Table 5: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Region 2018 & 2031
  6. Table 6: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Region 2018 & 2031
  7. Table 7: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Voltage 2018 & 2031
  8. Table 8: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Voltage 2018 & 2031
  9. Table 9: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Application 2018 & 2031
  10. Table 10: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Application 2018 & 2031
  11. Table 11: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Region 2018 & 2031
  12. Table 12: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Region 2018 & 2031
  13. Table 13: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Voltage 2018 & 2031
  14. Table 14: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Voltage 2018 & 2031
  15. Table 15: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Application 2018 & 2031
  16. Table 16: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Application 2018 & 2031
  17. Table 17: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Country 2018 & 2031
  18. Table 18: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Country 2018 & 2031
  19. Table 19: Northeast U.S. Utility Wires and Cables Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  20. Table 20: Northeast U.S. Utility Wires and Cables Market Volume (Square Meters) Forecast, by Application 2018 & 2031
  21. Table 21: Southeast U.S. Utility Wires and Cables Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: Southeast U.S. Utility Wires and Cables Market Volume (Square Meters) Forecast, by Application 2018 & 2031
  23. Table 23: Midwest U.S. Utility Wires and Cables Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: Midwest U.S. Utility Wires and Cables Market Volume (Square Meters) Forecast, by Application 2018 & 2031
  25. Table 25: Southwest U.S. Utility Wires and Cables Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  26. Table 26: Southwest U.S. Utility Wires and Cables Market Volume (Square Meters) Forecast, by Application 2018 & 2031
  27. Table 27: West U.S. Utility Wires and Cables Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  28. Table 28: West U.S. Utility Wires and Cables Market Volume (Square Meters) Forecast, by Application 2018 & 2031
  29. Table 29: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Voltage 2018 & 2031
  30. Table 30: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Voltage 2018 & 2031
  31. Table 31: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Application 2018 & 2031
  32. Table 32: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Application 2018 & 2031
  33. Table 33: U.S. Utility Wires and Cables Market Revenue USD Billion Forecast, by Country 2018 & 2031
  34. Table 34: U.S. Utility Wires and Cables Market Volume Square Meters Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 4.12% from 2018-2032
Segmentation
    • By Voltage
      • Below 1KV
      • 1KV-15KV
      • 15KV-100KV
      • 100KV-250KV
      • Above 250KV
    • By Application
      • Distribution Line
      • Transmission Line
  • By Geography

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approach chart
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STEP 3 - Data Sources

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Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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