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North American Wire & Cable Market revenue to see massive growth through 2027
Published Date: 2021-10-14
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North American Wire & Cable Market size is predicted to rise substantially between 2021 and 2027, according to a latest forecast report by Graphical Research.
The North America industry growth is on account of rising proportion of renewable energy sources and surging deployment of sustainable electrical infrastructure. Increasing emphasis on the expansion of smart grid networks coupled with the regulatory concerns toward energy efficiency will positively influence the market demand. The rapid adoption of smart consumer electronics coupled with rising consumer disposable income will further augment the industry growth.
The surging investments in the refurbishment & expansion of existing electrical networks along with large scale integration of decentralized generation units will fuel the power cable market. In addition, the soaring demand for a reliable electricity supply has been a major concern for industrial sectors to efficiently run operations, fueling the product deployment. Moreover, the increasing governmental focus on enhancing the existing transmission capacity will accelerate the market growth.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
The low voltage wire and cable segment is expected to grow rapidly over the projected timeframe owing to increasing regulatory inclination toward replacement of conventional power generating systems with high capacity clean energy sources. The growing demand for affordable and efficient electricity supply along with deployment of microgrids will fuel the product deployment. The technology offers key benefits including low transmission loss, resistant to pollution & chemicals, and less heat generation, stimulating the market revenue.
Utilities based application segment will gain an outstanding momentum during the forecast period due to the rapid urbanization coupled with increasing investments in the development of commercial & residential establishments. Sustainable on-site generation technologies in line with smart control distribution programs will complement the product adoption. Favorable regulatory policies to limit the GHG emissions and increasing concern toward e-waste generation will augment the market outlook.
The U.S. wire & cable industry is poised to show tremendous growth till 2027 on account of regulatory norms toward integration of safe & reliable power supply infrastructure and surging adoption of the Internet of Things and smart & advanced technologies. Significant transformations in the economy have increased power consumption pattern, ultimately influencing the product demand. The ongoing expansion of cross-border transmission network coupled with the rising demand for ultra-high voltage infrastructures will accelerate the industry potential.
The wire & cable in North American market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Product
- Coaxial Cable/Electronic Wire
- Fiber Optics Cable
- Power Cables
- Signal & Control Cable
- Telecom & Data Cables
North America Market, By Voltage
North America Market, By Application
- Food & Beverages
- Material Handling/Logistics
- Consumer Electronics
- Building Infrastructure
The above information has been provided for the following countries:
- North America