North America power and control cable market slated to register high growth rate due to exponential demand from industrial sector

With the espousal of smart technologies across North America, the market for power and control cables is expected to exhibit a rising curve through the forthcoming period. Rising at a substantial CAGR between 2020 and 2026, the market is ready to claim remarkable revenue share by 2026. The trending preference for power cables that are flexible and fire resistant has been a key factor influencing the North America power and control cable industry trends.

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The growing volume of investments in the enhancement and expansion of power grid infrastructure alongside the upgradation of the T&D networks has been a key enabler of the market for power and control cables in North America. Since meeting the ever-expanding demand for electricity across the commercial and industrial sectors has been a major challenge, the manufacturers have been focusing on offering products with optimum capabilities.

The North America power and control cable market is set to observe continuous surge due to the extensive usage of these products across industrial and utility sector. As several new infrastructural projects are sprouting across the region, the industry landscape will reap the rewards of the opportunities created by the construction of railways, metro cities, smart cities, and airports. The industry for power and control cables across the region is also likely to advance by virtue of deployment of advanced products that ensure higher distribution and transmission efficiency across the power grid network.

The industrial application segment is likely to register a high growth pace through the forthcoming times, thanks to the emphasis on expanding the smart grid network. As more offshore wind and solar projects have been cropping up, the demand for these solutions is expected to multiply rapidly. Moreover, efforts are being made toward the reduction of T&D losses. Renewable energy generation initiatives have also been accelerating the North America power and control cable market.

A remarkable expansion of the market for power and control cables in Canada is in the cards. The regional market appears to present considerable opportunities due to the thriving cement, power, oil & gas industries amongst others. The government of the country has been implementing measures to upscale the existing network for voltage transmission. The power and control cable industry is also likely to benefit from the extension of UHV and EHV networks coupled with a focus toward refurbishing the energy, telecom, and railway sectors.

In terms of voltage, the medium voltage segment is expected to garner considerable market share through the forecast years owing to the upgradation of small-scale industries. The product demand will gain significantly due to the growing degree of industrialization across the region. The existence of stringent regulatory bodies and policies in the region have been inducing adoption of smart technologies including smart control cables, boosting the prospects of the North America power and control cable industry over the next few years.

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Some of the eminent manufacturers across the North America power and control cable industry include Prysmian Group, Belden Inc., Lake Cable LLC, Nexans, Philatron, Southwire Company LLC, and RPG cables.

Table of content:

Chapter 4   North America Power and Control Cable Market Size, By Product (USD)

4.1    North America power and control cable market share by product, 2019 & 2026

4.2    Power cable

4.2.1    Market estimates and forecast, 2015 – 2026

4.2.2    Market estimates and forecast, by country, 2015 – 2026

4.3    Control cable

4.3.1    Market estimates and forecast, 2015 – 2026

4.3.2    Market estimates and forecast, by country, 2015 – 2026

Chapter 5   North America Power and Control Cable Market Share, By Voltage (USD)

5.1    North America power and control cable market share by voltage, 2019 & 2026

5.2    HV

5.2.1    Market estimates and forecast, 2015 – 2026

5.2.2    Market estimates and forecast, by country, 2015 – 2026

5.3    MV

5.3.1    Market estimates and forecast, 2015 – 2026

5.3.2    Market estimates and forecast, by country, 2015 – 2026

5.4    LV

5.4.1    Market estimates and forecast, 2015 – 2026

5.4.2    Market estimates and forecast, by country, 2015 – 2026

Chapter 6   North America Power and Control Cable Market Trends, By Application (USD)

6.1    North America power and control cable market share by application, 2019 & 2026

6.2    Utility

6.2.1    Market estimates and forecast, 2015 – 2026

6.2.2    Market estimates and forecast, by country, 2015 – 2026

6.3    Industrial

6.3.1    Market estimates and forecast, 2015 – 2026

6.3.2    Market estimates and forecast, by country, 2015 – 2026

6.4    Others

6.4.1    Market estimates and forecast, 2015 – 2026

6.4.2    Market estimates and forecast, by country, 2015 – 2026

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