North America Structured Cabling Market Size & Outlook
North America structured cabling market, 2017-2030 (US$M)
Related Markets
North America structured cabling market highlights
- The North America structured cabling market generated a revenue of USD 3,609.6 million in 2023.
- The market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, copper cables was the largest revenue generating product in 2023.
- Fiber Optic Cables is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,609.6 million |
| Market revenue in 2030 | USD 6,719.3 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Copper cables |
| Fastest growing segment | Fiber Optic Cables |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Copper Cables, Fiber Optic Cables |
| Key market players worldwide | ABB Ltd, Belden Inc, CommScope Holding Co Inc, Corning Inc, Furukawa Electric Co Ltd, Legrand SA, Nexans, Schneider Electric SE, Siemens AG |
Other key industry trends
- In terms of revenue, North America region accounted for 31.8% of the global structured cabling market in 2023.
- 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 6,795.8 million by 2030.
Copper cables was the largest segment with a revenue share of 44.46% in 2023. Horizon Databook has segmented the North America structured cabling market based on copper cables, fiber optic cables covering the revenue growth of each sub-segment from 2017 to 2030.
Companies are performing mergers and acquisitions to gain a competitive edge in the regional market. For instance, in November 2021, Hexatronic, a Swedish cable & interconnect systems manufacturer, acquired Toronics, a Canadian company. This acquisition is anticipated to expand the company’s reach and customer base in Canada.
In March 2019, FACEBOOK, an American social media conglomerate corporation, took the initiative to build uniformity and drive convergence around the Rack & Power design. This initiative was anticipated to address the concern of increasing power demands from networking and AI (Artificial Intelligence).
In January 2021, WESCO International, Inc., an electrical distribution and services company, announced its merger with Anixter Inc., a global distributor of communication and security products. This merger took place to create a data communications & electrical supply chain and distribution services company.
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Structured Cabling Market Scope
Structured Cabling Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America structured cabling market size, by country, 2017-2030 (US$M)
North America Structured Cabling Market Outlook Share, 2023 & 2030 (US$M)
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