North America Wire and Cable Market Growth, Size, Trends, Demand, Revenue and Future Outlook: SPER Market Research

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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.

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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:

By Voltage:	Low Voltage Medium Voltage High Voltage Extra High Voltage
By Installation:	Overhead Underground
By Material:	Aluminium Copper Glass Others
By End Use:	Aerospace and Defence Building and Construction Energy and Power IT and Telecommunication Oil and Gas Others

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 report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Wire and Cable Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. North America Wire and Cable Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2024-2033
7.2. Low Voltage
7.3. Medium Voltage
7.4. 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, 2024-2033
8.2. Overhead
8.3. 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, 2024-2033
9.2. Aluminium
9.3. Copper
9.4. Glass
9.5. 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, 2024-2033
10.2. Aerospace and Defence
10.3. Building and Construction
10.4. Energy and Power
10.5. IT and Telecommunication
10.6. 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. Canada
16.4. United States of America

17. Company Profile

17.1. Aba Industry Inc. (Wonderful Hi-tech company)
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Amercable Incorporated (Nexans)
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Amphenol Corporation
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Belden Incorporated
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Corning Incorporated
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Daburn Electronics & Cable and Polytron Devices
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. EIS Wire and Cable
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Micro-tek Corporation
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. New England Wire Technologies
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Prysmian Group
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. TE Connectivity
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. 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.

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SPER-Methodology-2

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Frequently Asked Questions About This Report

How big is the North America Wire and Cable Market?

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.

What is the growth rate of the North America Wire and Cable Market?

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.

What is the anticipated CAGR of the North America Wire and Cable Market?

North America Wire and Cable Market CAGR of 3.5% during the forecast period.

How can I get a sample report on the North America Wire and Cable Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the North America Wire and Cable Market?

North America Wire and Cable Market size is 45.66 Billion from 2024 to 2033.

Which segment is expected to North America Wire and Cable Market?

North America Wire and Cable Market Segment is covered By Voltage, By Installation, By Material, By End Use.

Which region is expected to have the highest market share in the North America Wire and Cable Market?

The North America is anticipated to have the highest market share in the North America Wire and Cable Market.

Who are the key players in 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

What is the conclusion of the North America Wire and Cable Market?

"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. "