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    North America Medium Voltage Cables Market Trends

    ID: MRFR/E&P/11164-HCR
    128 Pages
    Sejal Akre
    October 2025

    North America Medium Voltage Cables Market Research Report Information By Voltage (Up to 25kV, 26kV-50kV, 51kV-75kV, and 76kV-100kV), By Product (Termination Cables, Joints, XLPE Cables, and Others), By Installation (Underground, Submarine, and Overhead), By End User (Industrial, Commercial, and Utility) –and North America Market Forecast Till 2035

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    Market Trends

    Key Emerging Trends in the North America Medium Voltage Cables Market

    The North America Medium Voltage Cables Market is currently witnessing notable trends that reflect the evolving landscape of the region's electrical infrastructure. In recent years, there has been a substantial increase in the demand for medium voltage cables, driven by the region's growing energy needs, infrastructure development, and the shift towards renewable energy sources. One prominent trend is the increasing adoption of underground medium voltage cables, which offer advantages such as reduced visual impact, enhanced reliability, and improved safety compared to overhead lines. This is particularly evident in urban areas where aesthetic considerations and space constraints have fueled the preference for underground cable installations.

    Another significant trend shaping the market is the rising emphasis on smart grid technologies. As North America strives to modernize its power distribution networks, there is a growing integration of medium voltage cables with smart grid solutions. This integration enables real-time monitoring, control, and optimization of the electrical grid, enhancing efficiency and reliability. The deployment of advanced sensors and communication technologies within medium voltage cables facilitates better fault detection, faster response times, and overall grid resilience. This trend aligns with the broader global movement towards sustainable and intelligent energy systems.

    Moreover, the market is experiencing a surge in demand for medium voltage cables in the renewable energy sector. With an increasing focus on clean energy sources, there has been a substantial growth in wind and solar power projects across North America. Medium voltage cables play a crucial role in connecting these renewable energy installations to the grid, facilitating the efficient transmission of electricity. The transition towards a more sustainable energy mix is driving investments in medium voltage cable infrastructure that can accommodate the decentralized nature of renewable energy generation.

    Furthermore, the North America Medium Voltage Cables Market is witnessing advancements in cable materials and technologies. Innovations in insulation materials and cable designs are aimed at improving performance, durability, and environmental sustainability. The development of eco-friendly materials, coupled with a focus on recyclability, reflects the industry's commitment to reducing its environmental footprint. As sustainability becomes a key consideration for both manufacturers and end-users, these innovations are expected to gain prominence in the market.

    In terms of market dynamics, the competitive landscape is characterized by strategic collaborations, mergers, and acquisitions. Key players are actively seeking partnerships to enhance their product portfolios, expand their geographical presence, and capitalize on emerging opportunities. Additionally, there is a growing trend of customization, where manufacturers are tailoring their medium voltage cable solutions to meet specific industry requirements. This adaptability is crucial in catering to diverse sectors such as industrial, commercial, and residential, each with unique demands for medium voltage cable applications.

    The North America Medium Voltage Cables Market is undergoing transformative changes driven by the region's evolving energy landscape. The adoption of underground cables, integration with smart grid technologies, the surge in renewable energy projects, advancements in cable materials, and strategic collaborations are key trends shaping the market. As North America continues its journey towards a more sustainable and resilient electrical infrastructure, the medium voltage cables market is poised for further growth and innovation.

    Market Summary

    The North America Medium Voltage Cables market is projected to experience substantial growth from 2024 to 2035.

    Key Market Trends & Highlights

    North America Medium Voltage Cables Key Trends and Highlights

    • The market valuation is expected to increase from 13.9 USD Billion in 2024 to 25.1 USD Billion by 2035.
    • A compound annual growth rate (CAGR) of 5.5% is anticipated for the period between 2025 and 2035.
    • The growth trajectory indicates a robust demand for medium voltage cables in various sectors across North America.
    • Growing adoption of renewable energy sources due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 13.91 (USD Billion)
    2035 Market Size 25.06 (USD Billion)
    CAGR (2025-2035) 5.50%
    Largest Regional Market Share in 2024 latin_america)

    Major Players

    Brugg Cables, Eland Cables Ltd., Hellenic Cable Industry S.A., Leoni, Nexans, NKT Cables, Prysmian SpA, Southwire, Sumitomo Electric Industries, TPC Wire & Cable Corporation

    Market Trends

    Growing shift towards more sustainable and cleaner energy is driving the market growth

    The growth of smart cities, extensive transit networks, and modernized public utilities are only a few examples of the infrastructure development that has a significant impact on the medium voltage cable industry. Big public projects usually require an intricate network of electrical systems that have to be highly dependable, long-lasting, and efficient. For vital services like emergency response systems, public transit, and healthcare, where an electricity outage is not an option, these standards are extremely important. These projects' complexity and size have a cascading impact that necessitates the use of specialized cables with medium-range power transmission reliability.

    Furthermore, a substantial amount of funding is going toward these large-scale projects as nations vie for technical and infrastructure leadership, which is sustaining the market for medium voltage cables that adhere to strict quality and performance standards. Thus, driving the medium voltage cables market revenue.

    North America Medium Voltage Cables Market Market Drivers

    Market Segment Insights

    Medium Voltage Cables Voltage Insights

    The North America Medium Voltage Cables market segmentation, based on voltage includes Up to 25kV, 26kV-50kV, 51kV-75kV, and 76kV-100kV. The polyurethane segment dominated the market because of their many functional advantages, which include a long lifespan, minimal power losses, simplicity in integration into cable circuit designs, and a reduced frequency of power outages.

    Medium Voltage Cables Product Insights

    The North America Medium Voltage Cables market segmentation, based on product, includes Termination Cables, Joints, XLPE Cables, and Others. The transportation category generated the most income. A form of electrical cable used for long-distance power transmission is called medium-voltage XLPE cable. Applications requiring the cable to be resistant to heat and corrosion frequently use XLPE cables. It functions well in applications with high voltage and current levels.

    Medium Voltage Cables Installation Insights

    The North America Medium Voltage Cables market segmentation, based on installation, includes Underground, Submarine, and Overhead. The overhead category generated the most income. In both underground and overhead applications, medium voltage cables are utilized for long-distance electrical transmission. High-power transmission over vast distances is accomplished by overhead medium voltage cables, whereas high-speed local area networks (LSLANS) in cities and towns are accomplished by subterranean medium voltage cables.

    Figure 1: North America Medium Voltage Cables Market, by Installation, 2022 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Medium Voltage Cables End User Insights

    The North America Medium Voltage Cables market segmentation, based on end user, includes Industrial, Commercial, and Utility. The utility category generated the most income. Medium voltage cables serve as the cornerstone for the utility sector's distribution of electrical power. They ensure a steady supply of power for homes, businesses, and industrial facilities by efficiently transporting electricity from substations to multiple distribution points.

    Get more detailed insights about North America Medium Voltage Cables Market Research Report—Forecast till 2034

    Regional Insights

    The North American market is expected to increase as a result of significant expenditures being made to modernize several industries, including mining, petrochemicals, and oil and gas, as well as the existence of important companies. In addition, in order to facilitate the energy transition and close the energy demand gap, the United States and Canada are concentrating on increasing the capacity of their renewable energy output.

    According to a March 2020 report by the International Renewable Energy Agency (IRENA), for instance, the United States' installed clean energy capacity increased from over 246.6 GW in 2018 to over 264.5 GW in 2019, representing a 7.3% annual increase. Furthermore, the North American market for medium-voltage cables is anticipated to develop as a result of the governments in the Americas placing a high priority on reaching the goal of net-zero carbon emissions and the growing involvement of private companies in the generation of renewable energy.

    Figure 2: North America Medium Voltage Cables Market Share By Region 2022 (Usd Billion)

    NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET SHARE BY REGION 2022

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the medium voltage cables market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, medium voltage cables industry must offer cost-effective items.

    Key Companies in the North America Medium Voltage Cables Market market include

    Industry Developments

    Market Segmentation

    Medium Voltage Cables Product Outlook

    • Termination Cables
    • Joints
    • XLPE Cables
    • Others

    Medium Voltage Cables Voltage Outlook

    • Up to 25kV
    • 26kV-50kV
    • 51kV-75kV
    • 76kV-100kV

    Medium Voltage Cables End User Outlook

    • Industrial
    • Commercial
    • Utility

    Medium Voltage Cables Regional Outlook

    • US
    • Canada
    • Mexico
    • Rest of North America

    Medium Voltage Cables Installation Outlook

    • Underground
    • Submarine
    • Overhead

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024   13.91 (USD Billion)
    Market Size 2025   14.67 (USD Billion)
    Market Size 2035 25.06 (USD Billion)
    Compound Annual Growth Rate (CAGR) 5.50% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2023
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Voltage, Product, Installation, End User, and Region
    Region Covered North America
    Countries Covered The US, Canada, Mexico, and Rest of North America
    Key Companies Profiled Brugg Cables, Eland Cables Ltd., Hellenic Cable Industry S.A., Leoni, Nexans, NKT Cables, Prysmian SpA, Southwire, Sumitomo Electric Industries, and TPC Wire & Cable Corporation
    Key Market Opportunities ·       Increased emphasis on the production of decentralized energy
    Key Market Dynamics ·       Increasing shift to more sustainable and clean energy sources ·       Swift growth in the number of infrastructure development initiatives

    Market Highlights

    Author

    Sejal Akre
    Senior Research Analyst

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    This is a great article! Really helped me understand the topic better.

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    FAQs

    How much is the medium voltage cables market?

    The North America Medium Voltage Cables market size was valued at USD 13.91 Billion in 2024.

    What is the growth rate of the medium voltage cables market?

    The market is projected to grow at a CAGR of 5.50% during the forecast period, 2025-2034.

    Who are the key players in the medium voltage cables market?

    The key players in the market are Brugg Cables, Eland Cables Ltd., Hellenic Cable Industry S.A., Leoni, Nexans, NKT Cables, Prysmian SpA, Southwire, Sumitomo Electric Industries, and TPC Wire & Cable Corporation.

    Which installation led the medium voltage cables market?

    The overhead category dominated the market in 2022.

    Which end user had the largest market share in the medium voltage cables market?

    The utility category had the largest share in the market.

    1. Table of Contents
    2. Executive Summary
    3. Market Introduction
      1. Definition
      2. Scope of the Study
        1. Research Objective
        2. Assumptions
        3. Limitations
    4. Research Methodology
      1. Overview
      2. Data Mining
      3. Secondary Research
      4. Primary Research
        1. Primary Interviews and Information Gathering Process
        2. Breakdown of Primary Respondents
      5. Forecasting Model
      6. Market Size Estimation
        1. Bottom-up Approach
        2. Top-Down Approach
      7. Data Triangulation
      8. Validation
    5. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    6. MARKET FACTOR ANALYSIS
      1. Value Chain Analysis
      2. Porter’s Five Forces Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of New Entrants
        4. Threat of Substitutes
        5. Intensity of Rivalry
      3. COVID-19 Impact Analysis
        1. Market Impact Analysis
        2. Regional Impact
        3. Opportunity and Threat Analysis
    7. NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE
      1. Overview
      2. Up to 25kV
      3. 26kV-50kV
      4. 51kV-75kV
      5. 76kV-100kV
    8. NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT
      1. Overview
      2. Termination Cables
      3. Joints
      4. XLPE Cables
      5. Others
    9. NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION
      1. Overview
      2. Underground
      3. Submarine
      4. Overhead
    10. NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY END USER
      1. Overview
      2. Industrial
      3. Commercial
      4. Utility
    11. NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY REGION
      1. Overview
      2. North America
        1. US
        2. Canada
        3. Mexico
        4. Rest of North America
    12. Competitive Landscape
      1. Overview
      2. Competitive Analysis
      3. Market Share Analysis
      4. Major Growth Strategy in the North America Medium Voltage Cables Market,
      5. Competitive Benchmarking
      6. Leading Players in Terms of Number of Developments in the North America Medium Voltage Cables Market,
      7. Key developments and Growth Strategies
        1. New Voltage Launch/Service Deployment
        2. Merger & Acquisitions
        3. Joint Ventures
      8. Major Players Financial Matrix
        1. Sales & Operating Income, 2022
        2. Major Players R&D Expenditure. 2022
    13. COMPANY PROFILES
      1. Brugg Cables
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      2. Eland Cables Ltd
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      3. HELLENIC CABLE INDUSTRY S.A
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      4. Leoni
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      5. Nexans
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      6. NKT Cables
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      7. Prysmian SpA
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      8. Southwire
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      9. Sumitomo Electric Industries
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      10. TPC Wire & Cable Corporation
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
    14. APPENDIX
      1. References
      2. Related Reports
    15. List of Tables and Figures
      1. LIST OF TABLES
      2. TABLE 1 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, SYNOPSIS, 2018-2032
      3. TABLE 2 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, ESTIMATES & FORECAST, 2018-2032 (USD BILLION)
      4. TABLE 3 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE, 2018-2032 (USD BILLION)
      5. TABLE 4 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT, 2018-2032 (USD BILLION)
      6. TABLE 5 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION, 2018-2032 (USD BILLION)
      7. TABLE 6 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, BY END USER, 2018-2032 (USD BILLION)
      8. TABLE 7 US: MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE, 2018-2032 (USD BILLION)
      9. TABLE 8 US: MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT, 2018-2032 (USD BILLION)
      10. TABLE 9 US: MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION, 2018-2032 (USD BILLION)
      11. TABLE 10 US: MEDIUM VOLTAGE CABLES MARKET, BY END USER, 2018-2032 (USD BILLION)
      12. TABLE 11 CANADA: MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE, 2018-2032 (USD BILLION)
      13. TABLE 12 CANADA: MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT, 2018-2032 (USD BILLION)
      14. TABLE 13 CANADA: MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION, 2018-2032 (USD BILLION)
      15. TABLE 14 CANADA: MEDIUM VOLTAGE CABLES MARKET, BY END USER, 2018-2032 (USD BILLION)
      16. TABLE 15 MEXICO: MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE, 2018-2032 (USD BILLION)
      17. TABLE 16 MEXICO: MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT, 2018-2032 (USD BILLION)
      18. TABLE 17 MEXICO: MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION, 2018-2032 (USD BILLION)
      19. TABLE 18 MEXICO: MEDIUM VOLTAGE CABLES MARKET, BY END USER, 2018-2032 (USD BILLION)
      20. TABLE 19 REST OF NORTH AMERICA: MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE, 2018-2032 (USD BILLION)
      21. TABLE 20 REST OF NORTH AMERICA: MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT, 2018-2032 (USD BILLION)
      22. TABLE 21 REST OF NORTH AMERICA: MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION, 2018-2032 (USD BILLION)
      23. TABLE 22 REST OF NORTH AMERICA: MEDIUM VOLTAGE CABLES MARKET, BY END USER, 2018-2032 (USD BILLION) LIST OF FIGURES
      24. FIGURE 1 RESEARCH PROCESS
      25. FIGURE 2 MARKET STRUCTURE FOR THE NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET
      26. FIGURE 3 MARKET DYNAMICS FOR THE NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET
      27. FIGURE 4 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, SHARE (%), BY VOLTAGE, 2021
      28. FIGURE 5 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, SHARE (%), BY PRODUCT, 2021
      29. FIGURE 6 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, SHARE (%), BY PRODUCT, 2021
      30. FIGURE 7 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, SHARE (%), BY INSTALLATION, 2021
      31. FIGURE 8 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, SHARE (%), BY END USER, 2021
      32. FIGURE 9 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET, SHARE (%), BY REGION, 2021
      33. FIGURE 10 NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET: COMPANY SHARE ANALYSIS, 2021 (%)
      34. FIGURE 11 BRUGG CABLES: FINANCIAL OVERVIEW SNAPSHOT
      35. FIGURE 12 BRUGG CABLES: SWOT ANALYSIS
      36. FIGURE 13 ELAND CABLES LTD: FINANCIAL OVERVIEW SNAPSHOT
      37. FIGURE 14 ELAND CABLES LTD: SWOT ANALYSIS
      38. FIGURE 15 HELLENIC CABLE INDUSTRY S.A: FINANCIAL OVERVIEW SNAPSHOT
      39. FIGURE 16 HELLENIC CABLE INDUSTRY S.A: SWOT ANALYSIS
      40. FIGURE 17 LEONI: FINANCIAL OVERVIEW SNAPSHOT
      41. FIGURE 18 LEONI: SWOT ANALYSIS
      42. FIGURE 19 NEXANS: FINANCIAL OVERVIEW SNAPSHOT
      43. FIGURE 20 NEXANS: SWOT ANALYSIS
      44. FIGURE 21 NKT CABLES: FINANCIAL OVERVIEW SNAPSHOT
      45. FIGURE 22 NKT CABLES: SWOT ANALYSIS
      46. FIGURE 23 PRYSMIAN SPA: FINANCIAL OVERVIEW SNAPSHOT
      47. FIGURE 24 PRYSMIAN SPA: SWOT ANALYSIS
      48. FIGURE 25 SOUTHWIRE: FINANCIAL OVERVIEW SNAPSHOT
      49. FIGURE 26 SOUTHWIRE: SWOT ANALYSIS
      50. FIGURE 27 SUMITOMO ELECTRIC INDUSTRIES: FINANCIAL OVERVIEW SNAPSHOT
      51. FIGURE 28 SUMITOMO ELECTRIC INDUSTRIES: SWOT ANALYSIS
      52. FIGURE 29 TPC WIRE & CABLE CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
      53. FIGURE 30 TPC WIRE & CABLE CORPORATION: SWOT ANALYSIS

    North America Medium Voltage Cables Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
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