North America Transmission Infrastructure Market

Growing demand for reliable electricity is driving the market growth

One major factor propelling the transmission infrastructure market in North America is the increasing need for reliable electricity. Maintaining a steady and consistent power supply is crucial as societies grow more reliant on energy for everything from industrial operations to home consumption. The increasing tendency of urbanization leads to denser populations and commercial establishments in urban areas, hence increasing the need for energy. The infrastructure of contemporary cities, including the systems for communication, healthcare, and transportation, depends on steady electricity supplies.

This calls for the implementation of automation, sophisticated monitoring systems, and smart grid technology. Modernizing the grid makes transmission infrastructure better overall and increases its ability to adjust to changing energy conditions. Thus, driving the North America transmission infrastructure market revenue.

The Global North America Transmission Infrastructure Market Industry is on a growth trajectory, with projections indicating a market value of 235.94 USD Billion in 2024 and an anticipated increase to 541.32 USD Billion by 2035. This growth reflects a compound annual growth rate (CAGR) of 7.84% from 2025 to 2035, driven by various factors including technological advancements, regulatory support, and the need for infrastructure upgrades. The market's expansion is indicative of the increasing investments in transmission networks to meet the evolving energy landscape and the growing demand for reliable electricity supply.

The necessity for upgrading aging transmission infrastructure is a critical driver in the Global North America Transmission Infrastructure Market Industry. Many existing transmission lines and substations are nearing the end of their operational lifespan, necessitating significant investments in modernization. The U.S. Energy Information Administration (EIA) has reported that a substantial portion of the transmission network requires upgrades to meet current demand and reliability standards. This need for refurbishment and enhancement is expected to propel market growth, as utilities seek to improve efficiency and reduce outages, thereby contributing to the overall market value.

The Global North America Transmission Infrastructure Market Industry is experiencing a surge in investment driven by the transition to renewable energy sources. As governments and private entities prioritize sustainability, the demand for robust transmission infrastructure to support wind, solar, and hydroelectric power generation increases. For instance, the U.S. Department of Energy has allocated significant funding to enhance grid resilience and integrate renewable energy. This shift is projected to contribute to the market's growth, with the industry valued at 235.94 USD Billion in 2024, reflecting a growing emphasis on sustainable energy solutions.

Regulatory frameworks significantly influence the Global North America Transmission Infrastructure Market Industry. Governments are increasingly implementing policies that promote infrastructure development and investment in transmission networks. For instance, the Federal Energy Regulatory Commission (FERC) has established guidelines to streamline the approval process for new transmission projects. This regulatory support is crucial for attracting private investments and ensuring the timely completion of infrastructure projects. As a result, the market is poised for growth, with a projected compound annual growth rate (CAGR) of 7.84% from 2025 to 2035, reflecting the positive impact of supportive policies.

Technological innovations play a pivotal role in the Global North America Transmission Infrastructure Market Industry. The adoption of smart grid technologies enhances the efficiency and reliability of electricity transmission. These advancements facilitate real-time monitoring and management of energy flow, reducing losses and improving service quality. For example, the integration of advanced metering infrastructure (AMI) allows utilities to optimize grid operations. As the industry evolves, these technologies are expected to drive growth, with projections indicating a market value of 541.32 USD Billion by 2035, underscoring the importance of technological integration in future infrastructure.

The rising demand for electricity, driven by population growth and electrification trends, is a key factor influencing the Global North America Transmission Infrastructure Market Industry. As more sectors, including transportation and heating, transition to electric solutions, the pressure on existing transmission networks intensifies. The U.S. Department of Energy projects that electricity demand will continue to rise, necessitating expanded transmission capacity. This trend is likely to stimulate investments in infrastructure, ensuring that the market remains robust and responsive to future energy needs, further solidifying its growth trajectory.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the transmission infrastructure 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, transmission infrastructure industry must offer cost-effective items.

Major players in the North America transmission infrastructure market are attempting to increase market demand by investing in research and development operations includes Nexans, Siemens Energy, ABB, General Cable, Prysmian Group, LS Cable & System, KE International, Kalpataru Power Transmission Limited, East African Cables, and Midal Cables Ltd.