North America Wire and Cable Market Size By Product (Coaxial Cable/Electronic Wire, Fiber Optics Cable, Power Cables, Signal & Control Cable, Telecom & Data Cables), By Voltage (Low, Medium High), By Application (Food & Beverages, Automotive, Material Handling/Logistics, Entertainment/Leisure, Utilities, Railways, Consumer Electronics, Building Infrastructure, Others), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI4841  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 130   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

North America wire and cable market size exceeded USD 29 billion in 2019 and is anticipated to witness over 8% CAGR through 2026. Increasing investments towards the establishment of manufacturing facilities and expansion of building infrastructure will propel the market demand of wire and cable. The power cable held the majority share in the North America market in 2019.

North America wire and cable market

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Wire and cable are installed across a wide range of applications which include automotive, utilities, material handling/logistics, railways, consumer electronics food & beverage, entertainment & leisure amongst others. Strong inclination towards the enhancement of prevailing grid networks coupled with growing integration of renewable energy sources will fuel the North America wire and cable market growth over the forecast timeline.

However, since the beginning of 2020, economy has witnessed a major downfall on account of COVID-19 pandemic. The large-scale temporary lockdown across the region resulted in shutdown of various commercial activities and infrastructure projects, which has directly or indirectly affected the market statistics. Furthermore, the lack of availability of workforce coupled with supply chain disruptions have affected the North America wire and cable industry trends significantly. Despite of the major economic slowdown, the market is expected to recover from 2021, as the projects recommences after the upliftment lockdown.

The North America wire and cable market study features a detailed analysis of industry trends on the country basis across product, voltage and application segments. Moreover, the market forecasts & estimates are in line with the data represented by authorities including the International Energy Agency (IEA), Wire and Cable Industry Suppliers Association (WCISA), Energy Information Administration (EIA) government regulatory bodies, and company press releases.

North America Wire and Cable Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:29 Billion (USD)
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:8.3%
2026 Value Projection:40 Billion (USD)
Historical Data for:2015 to 2019
No. of Pages:130
Tables, Charts & Figures:120
Segments covered:Product, Voltage, Application
Growth Drivers:
  • Positive outlook toward communication industry
  • Expansion of smart grid networks
  • Modernization and replacement of existing electric grid infrastructure
  • Growing investments across the civil/infrastructure sector
  • High import dependency for raw materials and components
Pitfalls & Challenges:
  • High import dependency for raw materials and components

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Growing demand for reliable electricity supply to propel power cable installations

The power cables segment is expected to register more than 9% CAGR through 2026. Low dielectric constant and enhanced power factor are among the vital features driving the market share of these products. These are primarily deployed across the electric circuits to deliver power to the systems along with maintaining an uninterrupted power supply network which makes it a more preferred choice among consumers. In addition, the soaring demand for a reliable electricity supply has been a major concern for both utility and industrial sectors to efficiently run operations which will further augment the industry demand of power cables. Furthermore, the availability of power cables in multiple capacities as per requirements of commercial applications will augment the market statistics over the forecast timeframe.

Expansion of secondary distribution networks and integration of decentralized generation units to drive low voltage wire and cable market forecasts

Canada Wire and Cable Market By Voltage

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Low-voltage wires and cables are primarily used for secondary power transmission & distribution across various commercial and industrial applications. These wires and cables are available in a large variety of current handling capacities ranging from 50 V to 1,000 V. Moreover, the above rated voltage has witnessed a huge market growth over the years owing to comparatively ample installations for LV transmission capacity. The growing demand for the affordable and efficient electricity supply along with large scale integration of decentralized generation units is set to complement the product demand.

Growing integration of renewable technologies along with expansion of HVDC & UHVDC systems will drive the product adoption across utility segment

Utility segment in 2019, accounted for over 27% of the market share across the North America wires and cable industry. Increased on-site power generation technologies along with the ongoing smart control networking initiatives will further fuel the industry trends. Increasing emphasis towards the integration of wide-ranging frequency distribution links coupled with the growing concerns for energy-efficiency will drive the demand for electrical cable across utilities.

Strong industrial sector growth coupled with growing deployment of smart technologies will drive the U.S. wire and cable market share

North America Wire and Cable Market By Country

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the U.S. accounted for over 75% of the market share in 2019 and is expected to dominate the industry statistics over the forecast timeframe. The strong inclination towards the adoption of the Internet of Things (IoT) and smart & advanced technologies across a range of applications has not only reduced the human effort but has also enhanced the demand for various types of telecom and data cables. The country is witnessing substantial investments in its manufacturing and service sectors, which will proliferate the demand for various types of cables. Moreover, the growing focus towards the substitution of the old electrical equipment with advanced systems will further boost the product demand across the country.

New product development strategy acting as the focal point for key market players

The eminent market players are primarily focusing on developing new products with improved features to enhance their market share across North America wire and cable industry. In addition, long term supply contract is the key strategy adopted by the leading market players to achieve a competitive advantage in the North America market. Furthermore, leading market players are aiming towards forward & backward integration by manufacturing wire and cable components to achieve economies of scale and increase their market share.

The prominent players profiled in the North America wire and cable market report includes Prysmian Group, Nexans, LAPP North America, Southwire Company LLC., Elsewedy ELECTRIC, LS Cable & System Ltd., Furukawa Electric Co. Ltd., Belden Inc., Cablel Hellenic Cables Group, Polycab amongst other players.

North America wire and cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD” from 2015 to 2026, for the following segments:

By Product

  • Coaxial Cable/Electronic Wire
  • Fiber Optics Cable
  • Power Cables
  • Signal & Control Cable
  • Telecom & Data Cables

By Voltage

  • Low
  • Medium
  • High

By Application

  • Food & Beverages
  • Automotive
  • Material Handling/Logistics
  • Entertainment/Leisure
  • Utilities
  • Railways
  • Consumer Electronics
  • Building Infrastructure
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
    • Mexico

Frequently Asked Questions (FAQ) :

The market for wire & cables in North America was pegged at USD 29 billion in 2019 and will register nearly 8% CAGR up to 2026, with high demand from utilities, logistics, automotive and electronics applications.
North America power cables industry share will witness around 9% CAGR through 2026, owing to considerable need for reliable electricity supply and expanding commercial applications.
The utility sector in North America contributed nearly 27% of the wire & cable industry share in 2019, due to the need for energy supply, on-site power generation capabilities and emerging smart control networking programs.
Accounting for more than 75% of the regional market share in 2019, the U.S. is witnessing increased deployment of IoT and smart technologies, high energy demand and a surge in the need for telecom & data cables.

Premium Report Details

  • Published Date: Oct 2020
  • Pages: 130
  • Tables: 93
  • Charts / Figures: 27
  • Companies covered: 10
  • Countries covered: 3

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