North America Medium-voltage Cable Market Outlook, 2028

The North American medium-voltage cable market is a dynamic and evolving industry that caters to a wide range of applications. Medium-voltage cables, typically ranging from 1 kV to 35 kV, form an essential component of power transmission and distribution systems, ensuring the safe and efficient delivery of electricity. As a vital component of power transmission and distribution systems, medium-voltage cables play a pivotal role in ensuring reliable and efficient energy delivery across diverse sectors, including utilities, industrial, commercial, and residential applications. With a steadfast commitment to innovation, technological advancements, and stringent regulatory standards, the North American medium voltage cable market has experienced notable growth and evolution in recent years. The market for medium-voltage cables has been steadily growing as a result of factors such as rising urbanisation, population growth, the incorporation of renewable energy sources, and the modernization of existing infrastructure. Adoption of innovative cable technologies is also accelerated by North America's emphasis on energy efficiency, grid resilience, and sustainable development.

According to the research report, North America Medium Voltage Cable Market Outlook, 2028 the market was valued at USD 7.72 Billion market size in 2022. In North America, a tradition of innovation, the development of technology, and adherence to stringent safety regulations are what drive the market for medium-voltage cables. In order to address the increased demand for dependable power supply, the sector promotes collaboration among producers, distributors, suppliers, and end users. The need for energy is driven by growing urbanisation, population, and industrialization, which makes it necessary to upgrade and expand the infrastructure supporting electricity supply. A further stimulus for the demand for medium-voltage cables to connect renewable energy sources to the grid is the incorporation of sources like wind and solar energy. Moreover, there is an increasing emphasis on smart grid technologies, which require advanced medium-voltage cables capable of handling data transmission alongside power delivery.

The North American medium voltage cable market is dominated by the United States; however, Canada and Mexico also play a vital role in the market's expansion. The need for medium-voltage cables is mostly driven by these nations' investments in projects for renewable energy, industrial expansion, and infrastructural development. These nations' market positions are further strengthened by the presence of significant suppliers and manufacturers there. In North America, major companies in the medium voltage cable market are Alpha Wire, Furukawa Electric Company, General Cable Technologies Corporation, Leoni AG, LS Cable & System, Nexans, and Sumitomo Electric Industries. Medium-voltage cables play a crucial role in integrating renewable energy sources into the grid. They enable the transmission of power from wind farms, solar parks, and other renewable energy installations to the electrical grid, supporting the region's transition to cleaner energy sources. Cross-linked polyethylene (XLPE) insulation has revolutionised medium-voltage cable designs and has become a widely preferred choice in the industry. XLPE is a thermoset material created through a cross-linking process, which enhances its electrical and mechanical properties.

A large end-user category in the North American medium-voltage cable market is the utilities industry. Medium-voltage cables are used by utilities for electricity distribution and transmission networks. These cables are used for interconnections between substations, subterranean installations, and overhead lines. Initiatives to modernise the grid, the incorporation of renewable energy sources, and the requirement to upgrade ageing infrastructure are what are driving the demand for medium-voltage cables in the utilities sector. Several variables, such as geographic location, land availability, regional rules, environmental considerations, and the particular requirements of the project, determine whether subterranean or overhead installation is preferred. Both installation types are widely used in the North American medium voltage cable market, with underground installations being more common in urban areas while overhead installations are prevalent in rural and remote areas.

Based on its superior electrical conductivity and great tensile strength, copper has historically been preferred as a conductor material for medium-voltage cables. Copper conductors have lower resistance, which reduces power losses during transmission and boosts overall effectiveness. Copper cables are renowned for their better performance in terms of current carrying capability, heat resistance, and longevity. Because it is less expensive than copper, aluminium has become a popular alternate conductor material for medium-voltage cables. Due to their reduced weight, aluminium conductors are simpler to install and handle. They have strong conductivity as well, though slightly less so than copper. The impact of the COVID-19 pandemic posed challenges to the market, leading to project delays and disruptions in the supply chain. However, the industry has shown resilience and adaptability, with a renewed emphasis on digital solutions, remote operations, and infrastructure resilience.

The National Electrical Manufacturers Association (NEMA) is a trade association representing manufacturers of electrical equipment and systems in North America. The National Electrical Code (NEC) is a set of electrical safety standards published by the National Fire Protection Association (NFPA) in the United States. It includes regulations for the design, installation, and use of electrical systems, including medium-voltage cables. Underwriters Laboratories (UL) is a globally recognised certification organisation. UL listing ensures that medium-voltage cables meet specific safety and performance requirements. NAPEC (North American Power Energy Conference) is an annual conference and exhibition that covers various aspects of the power industry, including medium-voltage cables. The North American medium voltage cable market is poised for growth, fueled by factors such as infrastructure modernization, renewable energy integration, and the need for resilient power systems. The industry's focus on technological advancements, sustainability, and meeting evolving customer needs will continue to drive innovation and shape the future of the medium-voltage cable market in North America.

Considered in this report

• Geography: North America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• North America Medium Voltage Cable market with its value and forecast along with its segments
• Country-wise Medium Voltage Cable Market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:

• United States
• Canada
• Mexico

By Installation Type:

• Overhead
• Underground
• Submarine

By End Users:

• Power Infrastructure (Energy, Power Transmission, and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial, and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Medium Voltage Cable industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.