North America Aluminum Wire Market Size & Outlook
North America aluminum wire market, -2030 (US$M)
Related Markets
North America aluminum wire market highlights
- The North America aluminum wire market generated a revenue of USD 2,308.3 million in 2024.
- The market is expected to grow at a CAGR of 4.1% from 2025 to 2030.
- In terms of segment, electrical was the largest revenue generating product in 2024.
- Mechanical is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 2,308.3 million |
| Market revenue in 2030 | USD 2,934.3 million |
| Growth rate | 4.1% (CAGR from 2024 to 2030) |
| Largest segment | Electrical |
| Fastest growing segment | Mechanical |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electrical, Mechanical |
| Key market players worldwide | Kaiser Aluminum Corp, Prysmian SpA, Southwire Company, Cerro Wire, Nexans, Sumitomo Electric Industries Ltd ADR, Southern Cable Group, Ducab, Norsk Hydro ASA |
Other key industry trends
- In terms of revenue, North America region accounted for 6.8% of the global aluminum wire market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,495.5 million by 2030.
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Aluminum Wire Market Scope
Aluminum Wire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America aluminum wire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum wire market will help companies and investors design strategic landscapes.
Electrical was the largest segment with a revenue share of 81.42% in 2022. Horizon Databook has segmented the North America aluminum wire market based on electrical, mechanical covering the revenue growth of each sub-segment from to 2030.
Aluminum wire market in North America is projected to witness steady growth during the forecast period. This growth can be primarily attributed to the rising requirements of electric power transmission and distribution infrastructures.
Moreover, growing construction spending in countries of the region is further anticipated to propel the need for aluminum wires in the wiring of buildings. Aluminum wires are preferred in buildings owing to their low cost and lightweight.
Growing investments in grid improvement projects and renewable energy projects are the prominent factors driving the demand for aluminum wires in North America. For instance, in June 2021, the Government of Canada introduced.
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Our clientele includes a mix of aluminum wire market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America aluminum wire market , including forecasts for subscribers. This continent databook contains high-level insights into North America aluminum wire market from to 2030, including revenue numbers, major trends, and company profiles.
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North America aluminum wire market
North America Aluminum Wire Market Outlook Share, 2022 & 2030 (US$M)
North America aluminum wire market
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