North America Wire and Cable Market Growth, Size, Trends, Demand, Revenue and Future Outlook
North America Wire and Cable Market Size- By Voltage, By Installation, By Material, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: SEMI2408 | Pages: 1 - 158 | Formats*: |
| Category : Semiconductor and Electronics | |||
North America Wire and Cable Market Introduction and Overview
According to SPER Market Research, the North America Wire and Cable Market is estimated to reach USD 45.66 Billion by 2033 with a CAGR of 3.5%.
The report includes an in-depth analysis of the North America Wire and Cable Market, including market size and trends, product mix, applications, and supplier analysis. The North American Wire and Cable Market includes the manufacturing, distribution, and application of various electrical cables and wiring components. The North America Wire & Cable Market is critical to the region's economy, powering and linking its various sectors. This market overview emphasises the critical role of wire and cable products in maintaining dependable electrical transmission and communication. These goods are required for the operation of industries, enterprises, households, and infrastructure projects, as they enable the transfer of electricity and data.
- July 2023: CommScope announced intentions to invest USD 60.3 million to expand its fibre cable manufacturing in North Carolina. The goal of this facility was to address US supply demands generated by federal initiatives to offer 'Internet for All' to underserved and rural broadband areas.
- August 2023: Southwire Company LLC formed a strategic agreement with the University of West Georgia (UWG) to advance environmental activities. Through this relationship, both organisations hope to establish a more sustainable and prosperous future for not only Southwire and UWG, but the entire region. The company seeks to ensure that every product it creates serves to improve productivity, promote safety, save time, reduce personnel, and save money - both on and off the jobsite.
Market Opportunities and Challenges
The wire and cable market in North America offers tremendous prospects due to a variety of variables. There is an increasing demand for specialised cables to meet the needs of renewable energy installations. Furthermore, the market is positioned to profit from the growth of smart cities and infrastructure, where innovative cable solutions play an important role in supporting smart infrastructure projects. Furthermore, the growing reliance on data centres and cloud computing necessitates the availability of high-capacity connections to satisfy the changing requirements of these facilities. These trends present exciting opportunities for expansion and innovation in the North American wire and cable business.
The wires and cables business has seen a number of improvements in recent years. The increased generation of renewable energy is projected to have an impact on the power trade. As a result, large investments have been made in the construction of high-capacity transmission lines. As a result, the market is likely to experience significant growth during the forecast period. Several subnational governments are making major strides in renewable energy and energy efficiency innovation. Several rising states in the United States and Canada are boosting their use and investment in renewable energy technologies. This policy has aided their rise as renewable energy pioneers.
As the market grows, it faces challenges such as navigating complex regulatory frameworks for cable manufacturing and installation, addressing environmental concerns regarding cable disposal and materials, and dealing with fierce industry competition, which drives both innovation and challenges for market participants. Furthermore, fluctuating raw material prices are likely to severely restrict market growth over the projection period. Aluminium is preferred for lightweight wire and cable manufacture, whereas silver provides excellent conductivity but at a higher cost. Rising exploration expenses, labour costs, regulatory relations with mining corporations, and transportation interruptions all contribute to volatile raw material prices, which have a direct impact on manufacturing costs and create pricing uncertainty for industry stakeholders.
Market Competitive Landscape
Given the importance of wires and cables in key infrastructure and industries such as data centres and vehicles, brand identification has a huge impact on the market. Established brands frequently convey reliability, giving them an advantage. However, innovation remains critical for maintaining a competitive advantage and creating opportunities for new competitors to enter the market. With increased investments and activities, competition among existing companies is projected to heat up in this highly competitive sector. The major key players in the North America Wire and Cable Market are: Aba Industry Inc. (Wonderful Hi-tech company), Amercable Incorporated (Nexans), Amphenol Corporation, Belden Incorporated, Corning Incorporated, Daburn Electronics & Cable and Polytron Devices, EIS Wire and Cable, Micro-tek Corporation, New England Wire Technologies, Prysmian Group, TE Connectivity, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Voltage, By Installation, By Material, By End Use |
| Regions covered | Canada, United States of America |
| Companies Covered | Aba Industry Inc. (Wonderful Hi-tech company), Amercable Incorporated (Nexans), Amphenol Corporation, Belden Incorporated, Corning Incorporated, Daburn Electronics & Cable and Polytron Devices, EIS Wire and Cable, Micro-tek Corporation, New England Wire Technologies, Prysmian Group, TE Connectivity, Others |
COVID-19 Impact on North America Wire and Cable Market
The COVID-19 pandemic had a significant impact on the expansion of the market being investigated. While the industry experienced a downturn in demand, particularly during the initial phase, the increased adoption of digital and automation technologies in the later period was expected to drive market expansion.
Key Target Audience:
- Aerospace and Defense Sector
- Automotive Industry
- Construction and Infrastructure Sector
- Electrical and Electronics Manufacturers
- Energy and Utility Companies
- Healthcare Facilities
- Renewable Energy Sector
- Telecommunication Companies
- Transportation and Logistics Companies
- Others
Our in-depth analysis of the North America Wire and Cable Market includes the following segments:
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| By Installation: |
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| By Material: |
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| By End Use: |
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Key Topics Covered in the Report:
- North America Wire and Cable Market Size (FY’2024-FY’2033)
- Overview of North America Wire and Cable Market
- Segmentation of North America Wire and Cable Market By Voltage (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage)
- Segmentation of North America Wire and Cable Market By Installation (Overhead, Underground)
- Segmentation of North America Wire and Cable Market By Material (Aluminium, Copper, Glass, Others)
- Segmentation of North America Wire and Cable Market By End Use (Aerospace and Defence, Building and Construction, Energy and Power, IT and Telecommunication, Oil and Gas, Others)
- Statistical Snap of North America Wire and Cable Market
- Expansion Analysis of North America Wire and Cable Market
- Problems and Obstacles in North America Wire and Cable Market
- Competitive Landscape in the North America Wire and Cable Market
- Impact of COVID-19 and Demonetization on North America Wire and Cable Market
- Details on Current Investment in North America Wire and Cable Market
- Competitive Analysis of North America Wire and Cable Market
- Prominent Players in the North America Wire and Cable Market
- SWOT Analysis of North America Wire and Cable Market
- North America Wire and Cable Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Wire and Cable Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Wire and Cable Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Wire and Cable Market
7. North America Wire and Cable Market, By Voltage (USD Million)
7.1. North America Wire and Cable Market Value Share and Forecast, By Voltage, 2024-20337.2. Low Voltage7.3. Medium Voltage7.4. High Voltage
7.5. Extra High Voltage
8. North America Wire and Cable Market, By Installation (USD Million)
8.1. North America Wire and Cable Market Value Share and Forecast, By Installation, 2024-20338.2. Overhead8.3. Underground
9. North America Wire and Cable Market, By Material (USD Million)
9.1. North America Wire and Cable Market Value Share and Forecast, By Material, 2024-20339.2. Aluminium9.3. Copper9.4. Glass9.5. Others
10. North America Wire and Cable Market, By End Use (USD Million)
10.1. North America Wire and Cable Market Value Share and Forecast, By End Use, 2024-203310.2. Aerospace and Defence10.3. Building and Construction10.4. Energy and Power10.5. IT and Telecommunication10.6. Oil and Gas
10.7. Others
11. North America Wire and Cable Market Forecast, 2020-2033 (USD Million)
11.1. North America Wire and Cable Market Size and Market Share
12. North America Wire and Cable Market, By Voltage, 2020-2033 (USD Million)
12.1. North America Wire and Cable Market Size and Market Share By Voltage (2020-2026)12.2. North America Wire and Cable Market Size and Market Share By Voltage (2027-2033)
13. North America Wire and Cable Market, By Installation, 2020-2033 (USD Million)
13.1. North America Wire and Cable Market Size and Market Share By Installation (2020-2026)13.2. North America Wire and Cable Market Size and Market Share By Installation (2027-2033)
14. North America Wire and Cable Market, By Material, 2020-2033 (USD Million)
14.1. North America Wire and Cable Market Size and Market Share By Material (2020-2026)14.2. North America Wire and Cable Market Size and Market Share By Material (2027-2033)
15. North America Wire and Cable Market, By End Use, 2020-2033 (USD Million)
15.1. North America Wire and Cable Market Size and Market Share By End Use (2020-2026)15.2. North America Wire and Cable Market Size and Market Share By End Use (2027-2033)
16. North America Wire and Cable Market, By Region, 2020-2033 (USD Million)
16.1. North America Wire and Cable Market Size and Market Share By Region (2020-2026)16.2. North America Wire and Cable Market Size and Market Share By Region (2027-2033)16.3. Canada16.4. United States of America
17. Company Profile
17.1. Aba Industry Inc. (Wonderful Hi-tech company)17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Amercable Incorporated (Nexans)17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Amphenol Corporation17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Belden Incorporated17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Corning Incorporated17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Daburn Electronics & Cable and Polytron Devices17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. EIS Wire and Cable17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Micro-tek Corporation17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. New England Wire Technologies17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Prysmian Group17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. TE Connectivity17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Wire and Cable Market is projected to reach USD 45.66 Billion by 2033, growing at a CAGR of 3.5% during the forecast period.
North America Wire and Cable Market size from 2022. The Market is expected to reach USD 45.66 Billion by 2033, at a CAGR of 3.5% during the forecast period.
North America Wire and Cable Market CAGR of 3.5% during the forecast period.
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North America Wire and Cable Market size is 45.66 Billion from 2024 to 2033.
North America Wire and Cable Market Segment is covered By Voltage, By Installation, By Material, By End Use.
The North America is anticipated to have the highest market share in the North America Wire and Cable Market.
The key players in the market include Companies Covered Aba Industry Inc. (Wonderful Hi-tech company), Amercable Incorporated (Nexans), Amphenol Corporation, Belden Incorporated, Corning Incorporated, Daburn Electronics & Cable and Polytron Devices, EIS Wire and Cable, Micro-tek Corporation, New England Wire Technologies, Prysmian Group, TE Connectivity, Others
"Several rising states in the United States and Canada are boosting their use and investment in renewable energy technologies. This policy has aided their rise as renewable energy pioneers.
"
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