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North America Wire and Cable Market Forecast 2027 By Voltage (Low, Medium High), By Product (Coaxial Cable/Electronic Wire, Fiber Optics Cable, Power Cable, Signal & Control Cable, Telecom & Data Cable), By Application (Food & Beverages, Automotive, Material Handling/Logistics, Entertainment/Leisure, Utilities, Railways, Consumer Electronics, Building Infrastructure), Research Report, Country Outlook (U.S., Canada, Mexico), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: October 2021 | Publisher: Graphical Research Report ID: GR1965 | Delivery : PDF  Request Free Sample

North America Wire and Cable Market size is anticipated to grow at a lucrative CAGR from 2021 to 2027 due to increasing investments in the establishment of new production facilities along with the expansion of the railway infrastructure. The surging adoption of distributed energy resources coupled with rapid development of smart electric networks will drive the market revenue. Furthermore, robust growth across automotive and other manufacturing sectors along with rapid rise in IT & telecommunication applications will boost the product demand.

North America Market, By Product

Introduction of 5G technology coupled with increasing consumer inclination toward internet of things products will augment the telecom and data cable sector. Telecom users require big data center cables to store and process data. The cables can withstand high temperature offers key advantages including corrosion-resistant & waterproof, escalating their deployment.

North America Market, By Application

Policy transitions toward electric vehicles and charging infrastructure will fuel the automotive wire and cable market in North America. Increasing power demand along with growing urban population will positively sway the industry dynamics. Moreover, the surging regulatory focus to limit carbon footprints and reduce dependency on the usage of petrol & diesel vehicles will augment the market landscape.

North America Market, By Voltage

The high voltage cables will witness a significant momentum during the forecast period on account of ongoing refurbishment of existing electrical networks and paradigm shift toward renewable energy sources. The growing wind and solar sector along with wide acceptance across grid integration and infrastructure projects will propel the technological demand. For instance, in June 2021, Prysmian Group was selected by SOO Green HVDC Link project to supply 2,700 miles of paired ± 525 kV cross linked polyethylene class cables.

North America Market, By Country

The Canada wire and cable market is set to experience substantial growth through 2027 as a result of increasing government focus on the development of new systems with secured and high data storage. The soaring resilience on energy-efficient projects along with increasing investments in enhancing the existing T&D networks will impel the market size. Favorable government initiatives toward smart metering coupled with ongoing development of residential and commercial buildings will favor the market expansion.

Competitive Industry Landscape

Prominent players operating across the North America wire and cable market include Prysmian Group, Nexans, ElsewedyElectric, Southwire Company, Lapp Group, CommScope, Deca Cables, SHAWCOR, Viakon, Furukawa Electric, Belden, Grupo Condumex, igus, SAB North America, HELU KABEL, and TPC Wire & Cable Corp.
 

Frequently Asked Question(FAQ) :

The market for wire and cable in North America will grow at a substantial CAGR through 2027 owing to surging investments in the expansion of railway infrastructure and rising investments in the establishment of new production facilities.
In North America, the demand for high voltage cables is increasing due to a paradigm shift towards renewable energy sources and the ongoing refurbishment of existing networks.
The market for wire and cable in Canada is anticipated to register lucrative growth up to 2027 driven by rising government focus toward the development of new systems having secured and high data storage.
Major players in the North America market are Nexans, Lapp Group, Belden, Prysmian Group, Furukawa Electric, Deca Cables, Southwire Company, Grupo Condumex, and others.

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