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North America HVAC Cables Market Size By Voltage (< 110 kV, 110 kV – 220 kV, 220 kV – 440 kV, > 440 kV), By Installation (Overhead, Submarine, Underground), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI4700
  • Base Year: 2019
  • Report Format: PDF

Industry Trends

North America HVAC Cables Market Size exceeded USD 1 billion in 2019 and is anticipated to exceed an annual installation of 200 km by 2026. Growing demand for outsourced service providers as well as replacement of aging and inadequate transmission infrastructure will propel the business scenario.

North America HVAC Cables Market

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Ongoing technological advancements have incorporated low power losses, improved product life cycle, and high durability which in turn will sway the product demand. Moreover, increasing deployment of offshore wind farms favored by rising interstate power transmission connections will boost the industry landscape.

High voltage alternating current cables are used to transmit electricity at high voltage. These cables are further divided as overhead, submarine and underground cables which includes usage of different insulation of different operating conditions. In addition, HVAC cables serves various applications in synchronized and un-synchronized AC transmission systems.

Restructuring and upgradation of conventional transmission grid structure will augment the North America HVAC cables market growth

U.S. HVAC Cables Market

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Rising demand for restructuring, revamping, and upgradation of existing transmission grid sub-structures will positively influence the product penetration. In addition, favorable government norms, policies, and sectoral schemes will complement the electrical industry share. Moreover, growing inclination toward the installation of overhead high voltage AC cables to cater the inter-regional electricity demand will drive the business potential.

Submarine HVAC cables installation is estimated to gain an upsurge owing to increasing deployment of offshore wind farms favored by ongoing expansion of deep-water oil and gas platforms. Development of island interconnections followed by rising inter-country power transmission network has integrated a positive business outlook. Reliable and safe offshore power transmission along with ongoing R&D investment to enhance the efficiency of HV cables over long distance will propel the product deployment across the North America.

Ongoing technological advancements along with growing inclination toward energy efficiency transmission systems will drive the product demand

< 110 kV voltage in the recent years, witnessed significant growth on account of expansion of large-scale commercial establishments. Growing demand for retrofitting and revamping of small-scale industries and manufacturing plants will further instigate North America HVAC cables market outlook.

In addition, suburban migration has led to the expansion of residential and commercial sectors which will positively sway the product demand. Furthermore, increasing dependency on heavy industries including manufacturing and production facilities as well as power generation has in turn strengthened the industry share.

Harmonic fluctuations, brownouts, weather-related disasters, and power outages are some indispensable factors which will positively influence the business scenario. For instance, in 2018, Nexans presented AC cable system in Werkstatt Kabel conference with an innovative 380 kV AC cable with enameled wire conductor and improved reliability and low power losses.

Ongoing technological enhancements with an aim to avoid mechanical and electrical losses across the power grid along with the rising demand for uninterruptible electricity supply will further augment the 220 kV - 440 kV voltage cables.

Growing demand for safe and reliable electricity supply will boost the North America HVAC cables industry trends

Effective asynchronous interconnection, better controllability, high applicability across short distanced power supply, and low maintenance cost are few prominent factors which will foster the regional network installation growth. Growing demand for safe and secure power supply along with adoption of cutting-edge cable technology with minimized environmental damages will augment the industry landscape.

In addition, prevailing commercialization across various states of the U.S and Canada along with growing power consumption across communication base stations and data centers has significantly incorporated an optimistic business outlook.

Ongoing impact of COVID-19 on North America HVAC cables market has created an operational constraint to effectively manage the projects. However, there is a possibility of operations returning to normal pace as the impact of coronavirus weakens. The government & private players are collaborating to effectively deal with the current situation. These partnerships are enabling to generate full prove plans to cater the upcoming energy demand and ways to initiate project with streamline manner.

North America will witness rise in HVAC cables trends on account of energy efficient technologies and replacement of T&D infrastructure

North America HVAC Cables Market

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The U.S. region of North America HVAC cables market will witness an upsurge on account of increasing expenditure spending toward the enhancement of short & medium route transmission networks. Ongoing government investment plans to enhance and upgrade power lines with an objective to minimize the electricity consumption rate of the transmission infrastructure. In addition, growing inclination toward the replacement and reinstallation of conventional electrical devices with improved high-quality systems will further accelerate the HV cables demand.

Ongoing project deployment of advanced HVAC cables will act as the central point of industry players

Favorable government norms toward the technology adoption along with ongoing mergers and acquisition across the industry will foster the business outlook. In 2018, Prysmian group was awarded with a project worth over USD 35 million to deliver 44 km of HVAC underground 230 kV cable. Moreover, ongoing investment plans by leading industry players toward commissioning of HVAC projects will in turn sway the industry growth.

Eminent players operating across the North America HVAC cables market includes Sumitomo, ZTT, Nexans, ABB, NKT, Prysmian Group, LS Cable & System, Taihan, Elsewedy, Southwire, Furukawa and etc.

North America HVAC cables market research report includes in-depth coverage of the industry with estimates & forecast in terms of “km” & “USD” from 2015 to 2026, for the following segments:

By Voltage

  • < 110 kV
  • 110 kV – 220 kV
  • 220 kV – 440 kV
  • > 440 kV

By Installation

  • Overhead
  • Submarine
  • Underground

The above information has been provided for the following countries:

  • North America
    • U.S
    • Canada


Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

north america hvac cables market is forecast to exhibit a crcr of 3.8% through 2026.

As per estimates, north america hvac cables market would record a revenue share of 184.5 Million in 2026.

Refurbishment and replacement of existing power grid along with stringent government energy efficiency norms are driving the North America market size.

Sumitomo, ZTT, Nexans, ABB, NKT, Prysmian Group, LS Cable & System, Taihan, Elsewedy, Southwire and Furukawa are the major players in the North America market.

One of the major challenges likely to impact the market growth includes high dependency on imports.

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Premium Report Details

  • Published Date: Jun 2020
  • Companies covered: 11
  • Tables & Figures: 95
  • Countries covered: 2
  • Pages: 100

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