U.S. Wires And Cables Market Size & Outlook, 2023-2030
U.S. wires and cables market, 2017-2030 (US$M)
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U.S. wires and cables market highlights
- The U.S. wires and cables market generated a revenue of USD 24,426.5 million in 2023 and is expected to reach USD 31,592.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.7% 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.
Wires and cables market data book summary
| Market revenue in 2023 | USD 24,426.5 million |
| Market revenue in 2030 | USD 31,592.3 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Low voltage |
| Fastest growing segment | Extra High Voltage |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 11.5% of the global wires and cables market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. wires and cables market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 31,592.3 million by 2030.
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Wires And Cables Market Scope
Wires And Cables Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 48.57% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. market for wires and cables is poised for significant growth, driven by the expanding consumer electronics sector and the ongoing development of grid infrastructure networks across the region.
Manufacturers are actively investing in research and development to enhance their product offerings, aligning with evolving consumer demands. The increasing adoption of renewable energy sources, such as solar and wind power, is fueling the demand for wires and cables capable of efficiently transmitting renewable energy over extended distances.
Moreover, the integration of smart grid technologies, including advanced metering infrastructure and distribution automation, necessitates reliable wires and cables to facilitate data transmission and communication within the grid infrastructure.
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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 country-level data and insights on the U.S. wires and cables market , including forecasts for subscribers. This country databook contains high-level insights into U.S. wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. wires and cables market size, by voltage, 2017-2030 (US$M)
U.S. Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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