North America Wires And Cables Market Size & Outlook
North America wires and cables market, 2017-2030 (US$M)
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North America wires and cables market highlights
- The North America wires and cables market generated a revenue of USD 37,368.6 million in 2023.
- The market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, low voltage was the largest revenue generating voltage in 2023.
- Extra High Voltage is the most lucrative voltage segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 37,368.6 million |
| Market revenue in 2030 | USD 47,711.8 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Low voltage |
| Fastest growing segment | Extra High Voltage |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Voltage, Medium Voltage, High Voltage, Extra High Voltage |
| Key market players worldwide | Belden Inc, Fujikura Ltd, Furukawa Electric Co Ltd, Leoni AG ADR, Nexans, NKT A/S, Prysmian SpA, Sumitomo Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 17.7% of the global wires and cables market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 35,547.2 million by 2030.
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Wires And Cables Market Scope
Wires And Cables Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America wires and cables 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 wires and cables market will help companies and investors design strategic landscapes.
Low voltage was the largest segment with a revenue share of 45.56% in 2023. Horizon Databook has segmented the North America wires and cables market based on low voltage, medium voltage, high voltage, extra high voltage covering the revenue growth of each sub-segment from 2017 to 2030.
North America region held over 16.4% market share of the wires and cables market in 2021. The market in North America has reached the maturity stage, however, the refurbishment of aging infrastructure as well construction of other commercial and residential buildings is expected to drive the overall market.
The value of construction measures private investments in non-residential and residential buildings, such as schools, hospitals, power plants, mining shafts, office towers, railroads, industrial facilities, apartment complexes, and single-family homes. These construction projects generate demand for wires and cables to provide power, internet and other electrical and communication services.
Additionally, expanding internet access, lower broadband service costs, and the increasing use of smartphones have spurred more broadband connections in the U.S. These trends have encouraged higher demand for fiber-optic cable and other electrical products used to deliver internet access, cable television programming and other communication services to homes and businesses.
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Our clientele includes a mix of wires and cables market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America wires and cables market , including forecasts for subscribers. This continent databook contains high-level insights into North America wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America wires and cables market size, by country, 2017-2030 (US$M)
North America Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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