The North America Dry Cable Termination Market is expected to witness market growth of 6.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Dry Cable Termination Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $692.4 million by 2031. The Canada market is experiencing CAGR of 9.1% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 8.3% during 2024-2031.
Transportation infrastructure, such as railways and electric vehicle (EV) charging networks, represents another emerging application area. Dry cable terminations are employed in electrified rail systems to connect power cables to overhead catenary lines, ensuring the reliable operation of high-speed trains. Similarly, as the adoption of EVs accelerates, the need for robust charging infrastructure has surged, with dry cable terminations providing safe and efficient connections for high-power charging stations.
Additionally, the adoption of dry cable terminations has gained momentum in recent years, driven by regulatory, environmental, and operational factors. One of the primary drivers is the increasing focus on environmental sustainability. While effective, traditional oil-filled terminations pose risks of leakage and contamination, which can have severe ecological consequences. Dry cable terminations eliminate these risks using solid insulation materials, making them a preferred choice for utilities and industries aiming to comply with stringent environmental regulations. For example, the European Union’s RoHS directive and other regional policies have encouraged manufacturers to adopt greener practices, boosting the demand for dry terminations.
The market is expanding as nations invest in modernizing power transmission infrastructure to support growing electricity demand and renewable energy integration. Mexico and Canada are making significant strides in clean energy adoption and grid expansion, which is driving the need for advanced electrical components. Dry cable terminations, essential for high-voltage transmission and efficient power distribution, are expected to witness rising demand in both countries as they enhance their energy networks.
The US market dominated the North America Dry Cable Termination Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $692.4 million by 2031. The Canada market is experiencing CAGR of 9.1% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 8.3% during 2024-2031.
Transportation infrastructure, such as railways and electric vehicle (EV) charging networks, represents another emerging application area. Dry cable terminations are employed in electrified rail systems to connect power cables to overhead catenary lines, ensuring the reliable operation of high-speed trains. Similarly, as the adoption of EVs accelerates, the need for robust charging infrastructure has surged, with dry cable terminations providing safe and efficient connections for high-power charging stations.
Additionally, the adoption of dry cable terminations has gained momentum in recent years, driven by regulatory, environmental, and operational factors. One of the primary drivers is the increasing focus on environmental sustainability. While effective, traditional oil-filled terminations pose risks of leakage and contamination, which can have severe ecological consequences. Dry cable terminations eliminate these risks using solid insulation materials, making them a preferred choice for utilities and industries aiming to comply with stringent environmental regulations. For example, the European Union’s RoHS directive and other regional policies have encouraged manufacturers to adopt greener practices, boosting the demand for dry terminations.
The market is expanding as nations invest in modernizing power transmission infrastructure to support growing electricity demand and renewable energy integration. Mexico and Canada are making significant strides in clean energy adoption and grid expansion, which is driving the need for advanced electrical components. Dry cable terminations, essential for high-voltage transmission and efficient power distribution, are expected to witness rising demand in both countries as they enhance their energy networks.
List of Key Companies Profiled
- TE Connectivity Ltd.
- 3M Company
- Eaton Corporation plc
- Siemens AG
- Hubbell Incorporated
- Prysmian Group
- ABB Ltd.
- Nexans S.A.
- G&W Electric
- Sumitomo Electric Industries, Ltd.
Market Report Segmentation
By Installation
- Outdoor Dry Cable Terminations
- Indoor Dry Cable Terminations
By Voltage
- High Voltage
- Medium Voltage
- Low Voltage
By Application
- Power Transmission & Distribution
- Industrial Applications
- Oil & Gas
- Renewable Energy
- Telecommunication
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Dry Cable Termination Market by Installation
Chapter 6. North America Dry Cable Termination Market by Voltage
Chapter 7. North America Dry Cable Termination Market by Application
Chapter 8. North America Dry Cable Termination Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- TE Connectivity Ltd.
- 3M Company
- Eaton Corporation plc
- Siemens AG
- Hubbell Incorporated
- Prysmian Group
- ABB Ltd.
- Nexans S.A.
- G&W Electric
- Sumitomo Electric Industries, Ltd.
Methodology
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