North America Medium Voltage Cable and Accessories Market Forecast to 2030
North America Medium Voltage Cable and Accessories Market Forecast to 2030 – Regional Analysis – by Installation (Overhead, Underground, and Submarine), Product (MI, Terminations, Joints, and XLPE Cables), Voltage (1 to 5, 6 to 13, 23, 34, 45, and 69), and End User (Industrial, Infrastructure, and Renewables)
$2,840 – $4,440
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Rising Demand for Uninterrupted Power Supply in Various Industries Fuels North America Medium Voltage Cable and Accessories Market
In recent years, there has been a drastic increase in the demand for power. The need for reliable power grid infrastructure, emergency power backup solutions, and a steady power supply is increasing tremendously in various industries. The demand for an uninterrupted power supply has surged in the mining industry. Various types of heavy-duty equipment are used in mining operations, such as excavating machinery, conveyor belts, drillers, and cranes, which require a continuous power supply even in harsh environments. Similarly, in oil & gas and petrochemical industries, highly reliable electrical power is needed to protect people, assets, the environment, and the continuity of sensitive operations. Also, various activities are carried out in the oil & gas fields, including drilling, pumping, and loading, which require an uninterrupted power supply for continuous operation and safety purposes. Moreover, on oil rigs, an uninterruptible power supply is mandatory to ensure that signal lighting is always operational. Thus, the rising demand for an uninterruptible power supply in mining, oil & gas and petrochemical industries is raising the demand for medium voltage cable and accessories, as they help provide a regular power supply in the field. Furthermore, for the high-volume production of different goods, there is a need for an uninterruptible power supply in the manufacturing industry. A slight power disruption at a manufacturing plant can lead to low-volume production and affect the production’s quality. In addition, the growing data center industry is boosting the demand for an uninterruptible power supply. The data center market is rapidly growing due to the digital revolution and the 5G rollout. Hence, the growing demand for power in the manufacturing and data center industries fuels the North America medium voltage cable and accessories market growth.
North America Medium Voltage Cable and Accessories Market Overview
The North America medium voltage cable and accessories market is segmented into the US, Canada, and Mexico. The medium voltage cable and accessories allow older paper-insulated lead sheath (PILC) cables to join and connect. The transition joint between paper cable and XPLE cable enables the transfer of electricity produced by wind-collector arrays with minimal loss; this is the main application of medium voltage cable and accessories. Thus, the demand for medium voltage cables and accessories is growing across the region. The growth in North America is attributed to the deployment of medium voltage cables and accessories to upgrade grid infrastructure and increase renewable power investments. Also, a rise in investments in the oil & gas sector and discoveries of new reservoirs are anticipated to fuel the North America medium voltage cable and accessories market during the forecast period.
In recent years, several regions such as North America have been deploying underground cables rather than overhead ones. Due to space restrictions above-ground, underground cables are preferred in urban areas. Extreme weather is likely to become more frequent in a rapidly impacting climate-change world. Heat waves across the US are causing a few of the most enormous wildfires in history, and the country’s southern region has been drenched by the Atlantic hurricane season. These circumstances lead to power outages and seriously threaten the grid’s reliability. Hence, to overcome these issues, many countries in North America have deployed underground cables for the long term.
North America Medium Voltage Cable and Accessories Market Revenue and Forecast to 2030 (US$ Million)
North America Medium Voltage Cable and Accessories Market Segmentation
The North America medium voltage cable and accessories market is segmented into installation, product, voltage, end user, and country.
Based on installation, the North America medium voltage cable and accessories market is classified into overhead, underground, and submarine. The underground segment held the largest share in 2022.
In terms of product, the North America medium voltage cable and accessories market is categorized into MI, terminations, joints, and XLPE Cables. The terminations segment held the largest share in 2022.
By voltage, the North America medium voltage cable and accessories market is segmented into 1 to 5, 6 to 13, 23, 34, 45, and 69. The 6 to 13 segment held the largest share in 2022.
Based on end user, the North America medium voltage cable and accessories market is segmented into industrial, infrastructure, and renewables. The industrial segment held the largest share in 2022.
Based on country, the North America medium voltage cable and accessories market is segmented the US, Canada, and Mexico. The US dominated the North America medium voltage cable and accessories market in 2022.
ABB Ltd, El Sewedy Electric Co, Hellenic Cables SA, Nexans SA, NKT AS, Prysmian SpA, The Okonite Co, and TPC Wire & Cable Corp are some of the leading companies operating in the North America medium voltage cable and accessories market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the North America medium voltage cable and accessories market was valued at US$ 7,277.72 million in 2022 and is expected to reach US$ 11,449.62 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Advancements in cable technology and rising demand for renewable energy are among the critical factors attributed to the North America medium voltage cable and accessories market expansion.
With underground cable systems’ growing popularity and applicability worldwide, various technological advancements have been made to overcome the various limitations of medium voltage cables. Most of these innovations are made in advancements of material for insulation and voltage grade. The rise in the area of material science development has led to the production of better-quality polymers that are capable of achieving the required mechanical and electrical properties of the cable. For instance, the introduction of Teflon cables, which are capable to withstand up to 250°C, has become an alternative solution to conventional polymer cables that can usually withstand temperatures up to 70°C. Furthermore, alternative conductors have already been discovered that can replace high-cost copper. In addition, various companies are introducing cables that can reduce greenhouse gas emissions. For instance, in May 2023, Nexans launched a new range of low-carbon distribution grid cables. These new low and medium-voltage cables can help to reduce greenhouse gas emissions by ~35–50%. With this, the company will further help to reduce the emissions from the aluminum conductor, which accounts for 70–90% of the total carbon footprint, followed by plastics. Moreover, similar advancements have also been witnessed in the overhead cables. Such developments are likely to increase the deployment of new cable technologies in various end-use industries, which is expected to fuel the North America medium voltage cable and accessories market growth in the coming years.
On the contrary, widespread counterfeit cable market hampers the growth North America medium voltage cable and accessories market.
Based on installation, the North America medium voltage cable and accessories market is classified into overhead, underground, and submarine. The underground segment held 49.1% share of the North America medium voltage cable and accessories market in 2022, amassing US$ 3,575.88 million. It is projected to garner US$ 5,931.22 million by 2030 to expand at 6.5% CAGR during 2022–2030.
Based product, the North America medium voltage cable and accessories market is categorized into MI, terminations, joints, and XLPE Cables. The terminations segment held 43.8% share of the North America medium voltage cable and accessories market in 2022, amassing US$ 3,185.18 million. It is projected to garner US$ 5,014.55 million by 2030 to expand at 5.8% CAGR during 2022–2030.
By voltage, the North America medium voltage cable and accessories market is segmented into 1 to 5, 6 to 13, 23, 34, 45, and 69. The 6 to 13 segment held 33.3% share of the North America medium voltage cable and accessories market in 2022, amassing US$ 2,420.32 million. It is projected to garner US$ 3,648.20 million by 2030 to expand at 5.3% CAGR during 2022–2030.
Based on end user, the North America medium voltage cable and accessories market is segmented into industrial, infrastructure, and renewables. The industrial segment held 47.4% share of the North America medium voltage cable and accessories market in 2022, amassing US$ 3,447.93 million. It is projected to garner US$ 5,636.49 million by 2030 to expand at 6.3% CAGR during 2022–2030.
Based on country, the North America medium voltage cable and accessories market is categorized into the US, Canada, and Mexico. The US held 81.3% share of North America medium voltage cable and accessories market in 2022, amassing US$ 5,919.85 million. It is projected to garner US$ 9,606.23 million by 2030 to expand at 6.2% CAGR during 2022–2030.
Key players operating in the North America medium voltage cable and accessories market are ABB Ltd, El Sewedy Electric Co, Hellenic Cables SA, Nexans SA, NKT AS, Prysmian SpA, The Okonite Co, and TPC Wire & Cable Corp, among others.
In August 2023; Elsewedy Electric KSA provides low-voltage and medium-voltage cables for the 28km tunnels being built as part of ‘The Line,’ which will be the world’s first zero-gravity vertical city.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America medium voltage cable and accessories market , thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medium Voltage Cable and Accessories Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Component Providers:S
4.2.2 Manufacturers:
4.2.3 Distributors or Suppliers:
4.2.4 End-Use Industries:
4.2.5 List of Vendors in the Value Chain:
5. North America Medium Voltage Cable and Accessories Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Uninterrupted Power Supply in Various Industries
5.1.2 Growing Construction of Residential and Commercial Buildings
5.2 Market Restraints
5.2.1 Widespread Counterfeit Cable Market
5.3 Market Opportunities
5.3.1 Rising Demand for Renewable Energy
5.4 Market Trends
5.4.1 Advancements in Cable Technology
5.5 Impact of Drivers and Restraints:
6. Medium Voltage Cable and Accessories Market – North America Market Analysis
6.1 North America Medium Voltage Cable and Accessories Market Overview
6.2 North America Medium Voltage Cable and Accessories Market Revenue (US$ Million), 2022 – 2030
6.3 North America Medium Voltage Cable and Accessories Market Forecast and Analysis
7. North America Medium Voltage Cable and Accessories Market Analysis – Installation
7.1 Overhead
7.1.1 Overview
7.1.2 Overhead Market Revenue and Forecasts To 2030 (US$ Million)
7.2 Underground
7.2.1 Overview
7.2.2 Underground Market Revenue and Forecasts To 2030 (US$ Million)
7.3 Submarine
7.3.1 Overview
7.3.2 Submarine Market Revenue and Forecasts To 2030 (US$ Million)
8. North America Medium Voltage Cable and Accessories Market Analysis – Product
8.1 MI
8.1.1 Overview
8.1.2 MI Market Revenue and Forecasts To 2030 (US$ Million)
8.2 Terminations
8.2.1 Overview
8.2.2 Terminations Market Revenue and Forecasts To 2030 (US$ Million)
8.3 Joints
8.3.1 Overview
8.3.2 Joints Market Revenue and Forecasts To 2030 (US$ Million)
8.4 XLPE Cables
8.4.1 Overview
8.4.2 XLPE Cables Market Revenue and Forecasts To 2030 (US$ Million)
9. North America Medium Voltage Cable and Accessories Market Analysis – Voltage
9.1 1 to 5
9.1.1 Overview
9.1.2 1 to 5 Market Revenue and Forecasts To 2030 (US$ Million)
9.2 6 to 13
9.2.1 Overview
9.2.2 6 to 13 Market Revenue and Forecasts To 2030 (US$ Million)
9.3 23
9.3.1 Overview
9.3.2 Market Revenue and Forecasts To 2030 (US$ Million)
9.4 34
9.4.1 Overview
9.4.2 Market Revenue and Forecasts To 2030 (US$ Million)
9.5 45
9.5.1 Overview
9.5.2 Market Revenue and Forecasts To 2030 (US$ Million)
9.6 69
9.6.1 Overview
9.6.2 Market Revenue and Forecasts To 2030 (US$ Million)
10. North America Medium Voltage Cable and Accessories Market Analysis – End User
10.1 Industrial
10.1.1 Overview
10.1.2 Industrial Market Revenue and Forecasts To 2030 (US$ Million)
10.2 Infrastructure
10.2.1 Overview
10.2.2 Infrastructure Market Revenue and Forecasts To 2030 (US$ Million)
10.3 Renewables
10.3.1 Overview
10.3.2 Renewables Market Revenue and Forecasts To 2030 (US$ Million)
11. North America Medium Voltage Cable and Accessories Market – Country Analysis
11.1 Overview
11.1.1 North America Medium Voltage Cable and Accessories Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2 North America Medium Voltage Cable and Accessories Market Revenue and Forecasts and Analysis – By Countries
11.1.2.1 US: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.1.1 US: North America Medium Voltage Cable and Accessories Market Breakdown by Installation
11.1.2.1.2 US: North America Medium Voltage Cable and Accessories Market Breakdown by Product
11.1.2.1.3 US: North America Medium Voltage Cable and Accessories Market Breakdown by Voltage
11.1.2.1.4 US: North America Medium Voltage Cable and Accessories Market Breakdown by End User
11.1.2.2 Canada: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Installation
11.1.2.2.2 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Product
11.1.2.2.3 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Voltage
11.1.2.2.4 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by End User
11.1.2.3 Mexico: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Installation
11.1.2.3.2 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Product
11.1.2.3.3 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Voltage
11.1.2.3.4 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by End User
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
14. Company Profiles
14.1 ABB Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Hellenic Cables SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 El Sewedy Electric Co
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Prysmian SpA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 NKT AS
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 The Okonite Co
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Nexans SA
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 TPC Wire & Cable Corp
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 Word Index
LIST OF TABLES
Table 1. North America Medium Voltage Cable and Accessories Market Segmentation
Table 2. North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Million) – Installation
Table 4. North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Million) – Product
Table 5. North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Million) – Voltage
Table 6. North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Million) – Installation
Table 7. North America Medium Voltage Cable and Accessories Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 8. US: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 9. US: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Product
Table 10. US: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Voltage
Table 11. US: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 12. Canada: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 13. Canada: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Product
Table 14. Canada: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Voltage
Table 15. Canada: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 16. Mexico: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 17. Mexico: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Product
Table 18. Mexico: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By Voltage
Table 19. Mexico: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 20. Company Positioning & Concentration
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Medium Voltage Cable and Accessories Market Segmentation, By Country
Figure 2. Ecosystem: North America Medium Voltage Cable and Accessories Market
Figure 3. North America Medium Voltage Cable and Accessories Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Medium Voltage Cable and Accessories Market Breakdown by Country, 2022 and 2030 (%)
Figure 6. North America Medium Voltage Cable and Accessories Market Revenue (US$ Million), 2022 & 2030
Figure 7. North America Medium Voltage Cable and Accessories Market Share (%) – Installation, 2022 and 2030
Figure 8. Overhead Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Underground Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Submarine Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. North America Medium Voltage Cable and Accessories Market Share (%) – Product, 2022 and 2030
Figure 12. MI Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Terminations Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Joints Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. XLPE Cables Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. North America Medium Voltage Cable and Accessories Market Share (%) – Voltage, 2022 and 2030
Figure 17. 1 to 5 Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. 6 to 13 Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. 23 Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. 34 Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. 45 Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. 69 Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. North America Medium Voltage Cable and Accessories Market Share (%) – Installation, 2022 and 2030
Figure 24. Industrial Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Infrastructure Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Renewables Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. North America Medium Voltage Cable and Accessories Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 29. US: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30. Canada: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 31. Mexico: North America Medium Voltage Cable and Accessories Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – North America Medium Voltage Cable and Accessories Market
1. ABB Ltd
2. El Sewedy Electric Co
3. Hellenic Cables SA
4. Nexans SA
5. NKT AS
6. Prysmian SpA
7. The Okonite Co
8. TPC Wire & Cable Corp
You must be logged in to post a review.
Reviews
There are no reviews yet.