US Overhead Power Cables Market Research Report: By Voltage (100kV-250kV, 251kV-400kV, Above 400kV) and By End User (Utility, Industrial) - Forecast to 2035

US Overhead Power Cables Market Overview:

As per MRFR analysis, the US Overhead Power Cables Market Size was estimated at 15.05 (USD Billion) in 2023. The US Overhead Power Cables Market Industry is expected to grow from 16.5(USD Billion) in 2024 to 37.5 (USD Billion) by 2035. The US Overhead Power Cables Market CAGR (growth rate) is expected to be around 7.749% during the forecast period (2025 - 2035).

Key US Overhead Power Cables Market Trends Highlighted

The US Overhead Power Cables Market is experiencing significant growth primarily driven by the increasing demand for electricity and the urgent need to upgrade aging infrastructure. The strong push towards renewable energy sources, such as wind and solar, is compelling utilities to expand and enhance their overhead power systems. Furthermore, government initiatives aimed at reducing greenhouse gas emissions are creating a favorable environment for the adoption of advanced overhead power cable technologies, thereby contributing to market expansion.

There are numerous opportunities to be explored in the US market, particularly with the rise of smart grid technology and the integration of new materials that enhance cable durability and efficiency.The need for reliable power distribution in rural and remote areas is prompting utilities and local governments to invest in modern overhead cable solutions that are cost-effective and sustainable. Enhanced focus on safety standards and regulations is also leading to increased opportunities for manufacturers to innovate, thus providing safer and more reliable options for consumers.

Recent trends indicate a shift towards the adoption of insulated overhead power cables, which offer better performance and lower maintenance costs. The trend towards undergrounding power lines, although initially costly, is gaining traction in urban areas to minimize the risk of outages and enhance aesthetic appeal.Moreover, as climate change continues to prompt extreme weather conditions, there is an emphasis on developing overhead cable solutions that can withstand severe environmental stress. These factors play a crucial part in shaping the US Overhead Power Cables Market, marking a transformative period that aligns with both technological advancements and the nation’s sustainability goals.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Overhead Power Cables Market Drivers

Increasing Demand for Renewable Energy Sources

The urgency to transition towards renewable energy sources is driving significant growth in the US Overhead Power Cables Market Industry. The U.S. Department of Energy reported that the total generation from utility-scale solar and wind increased by over 20% in the past year alone, indicating a robust shift in energy production strategies. As a result, the demand for overhead power cables to efficiently distribute this renewable energy is accelerating, with more investments being channelled into enhancements in power transmission infrastructure.Organizations like the American Wind Energy Association are also advocating for this shift, estimating that by 2030, wind energy could power 30 million homes, reflecting a strong requirement for upgraded cable systems to handle increased loads. The overall growth reason stems from the overarching national strategy to reduce greenhouse gas emissions, which directly complements the upward trajectory seen in the overhead power cables market.

Infrastructural Developments and Upgrades

The continuous advancement in infrastructure across the United States is a significant driver for the US Overhead Power Cables Market Industry. With the Biden administration’s infrastructure bill aimed at investing over USD 1 trillion in repairs and upgrades to the nation's roads, bridges, and power grids, there is an anticipated rise in demand for overhead power cables. In particular, the U.S. Energy Information Administration noted a need for modernizing aging power lines, which constitute over 70% of the country’s electrical infrastructure.This modernization effort emphasizes the essential role that overhead power cables will play in delivering reliable electricity. Investment firms and contractors engaged in these projects are expected to prioritize overhead solutions, further propelling market dynamics.

Rise in Urbanization and Electrification Initiatives

Urbanization in the United States is increasing at a steady rate, with the U.S. Census Bureau indicating that over 82% of the population lived in urban areas as of recent data. This growing urban concentration creates an escalating demand for reliable power infrastructures, including overhead power cables. As cities expand, so does the need for accessible electricity. Furthermore, various electrification initiatives aimed at improving access in underserved regions are leading to increased installations of overhead power systems.Local electric utility companies such as Pacific Gas and Electric are actively investing in expanding their cable systems as part of their efforts for comprehensive electrification. These developments showcase intense competition and a rigorous push towards meeting energy demands in densely populated regions.

Government Policies Supporting Energy Independence

The U.S. government has been strongly advocating for energy independence, impacting the US Overhead Power Cables Market Industry positively. Policies enacted to support energy production and distribution, such as the Energy Policy Act, promote investments in power transmission capabilities, including overhead wiring solutions. The U.S. Department of Energy has highlighted that improved transmission capacity is crucial for integrating renewable energy sources and reducing dependency on foreign oil.By 2035, improvements in infrastructure linked to energy independence are projected to bolster the overhead power cables market significantly, as more funding becomes available to enhance both the network capacity and reliability. This trend is further supported by organizations like the National Renewable Energy Laboratory, which emphasize developing technology for more efficient power transport systems.

US Overhead Power Cables Market Segment Insights:

Overhead Power Cables Market Voltage Insights

 

The US Overhead Power Cables Market, particularly concerning the Voltage segment, presents a nuanced landscape that reflects evolving energy demands and technological advancements. The market encompasses several critical voltage ranges, including 100kV-250kV, 251kV-400kV, and Above 400kV, each playing a vital role in the transmission of electrical energy across vast distances. The 100kV-250kV range holds considerable importance as it is used extensively for both urban and rural applications, ensuring reliable energy supply to municipalities and industries.

Infrastructure investment in this range often focuses on reducing energy losses while balancing the growing demand for power driven by urbanization and industrial growth. Moving to the 251kV-400kV range, this segment is essential for high-capacity transmission across major cities and interstates. It supports long-distance electricity transport, which is becoming increasingly crucial as renewable energy sources are integrated into existing power grids.

Notably, the rise in focus on sustainability has catalyzed infrastructure upgrades in this range to accommodate greener energy solutions, thereby enhancing supply chain efficiency. The segment of Above 400kV is particularly significant for its capability to handle extremely high power loads, necessary for connecting large power plants to substations.

This range is vital for ensuring grid stability, especially with the increasing reliance on interconnections between different power networks across states, facilitating real-time energy distribution.Overall, the Voltage segment in the US Overhead Power Cables Market is shaped by regulatory frameworks, technological innovations, and growing energy needs, all of which contribute to shaping its trends. Market growth is driven by factors such as the demand for enhanced grid reliability and the integration of renewable energy sources, while challenges persist in ensuring compliance with safety regulations and environmental standards. With ongoing advancements in cable technology and materials, opportunities for improved efficiency and reduced maintenance costs are emerging, helping to drive market evolution in this crucial segment of the energy landscape. The evolving dynamics within these voltage ranges underlines their paramount importance in developing a resilient and efficient electric power distribution network essential for the US economy and society.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Overhead Power Cables Market End User Insights

The US Overhead Power Cables Market exhibits diverse opportunities across its End User segment, prominently featuring utilities and industrial applications. Utilities represent a crucial aspect of the market, driven by the ongoing investments in infrastructure to enhance electricity distribution efficiency and reliability. The growing demand for renewable energy sources and smart grid technologies significantly propels the utility sector, requiring advanced overhead power cable solutions to support these initiatives. Industrial applications form another vital part of the End User landscape, reflecting a steady demand for durable and robust cable systems to power manufacturing hubs and processing facilities.The resurgence in industrial activities and infrastructure development in the US has elevated the need for overhead power cables, particularly in sectors like construction, automotive, and technology. As the US government emphasizes sustainable energy and efficient manufacturing processes, there are substantial growth prospects within both the utility and industrial segments, making them significant contributors to the overall momentum and innovation within the US Overhead Power Cables Market.

US Overhead Power Cables Market Key Players and Competitive Insights:

The US Overhead Power Cables Market is characterized by a diverse range of players competing across various segments that cater to the growing demand for reliable and efficient electrical infrastructure. The market has experienced significant growth, driven by increasing energy consumption, the necessity for grid modernization, and the transition to renewable energy sources. Competitive insights in this market reveal trends such as innovation in cable technologies, strategic partnerships, and a focus on sustainability efforts among key participants.

The competitive landscape is marked by the presence of established companies and emerging players, all striving to capture market share through enhanced product offerings and improved service delivery. With the steady rise in infrastructure investment and technological advancements, companies are poised to leverage their strengths to navigate the complexities of this dynamic market.Marmon Utility holds a prominent position in the US Overhead Power Cables Market, with strengths emanating from its extensive product portfolio and commitment to quality.

The company boasts a strong manufacturing footprint that enables it to meet a variety of customer needs effectively. Its capabilities include producing overhead conductors and accessories that are designed to cater to utility companies and infrastructure projects. Marmon Utility's well-established brand reputation contributes to its competitive edge, as it is recognized for providing durable and efficient solutions. The company also benefits from a skilled workforce and innovative research and development that drives its product advancements.

Their strategic focus on customer relationships and responsive service further solidifies their standing in this evolving market.Prysmian Group emerges as a key player in the US Overhead Power Cables Market, known for its comprehensive range of high-tech cable solutions serving the energy and telecommunications sectors. The company specializes in manufacturing overhead power cables, particularly in addressing the specific needs of electric utilities and renewable energy projects. Prysmian Group's strengths lie in its cutting-edge research initiatives and investment in new technologies aimed at enhancing the performance and sustainability of its products. With a robust presence across the United States, the company effectively leverages strategic mergers and acquisitions to expand its market reach and capabilities.

These initiatives have allowed Prysmian Group to reinforce its position as a leader in the sector, offering advanced solutions that align with the evolving landscape of the energy market. The extensive distribution network and customer-centric approach further underline the company’s commitment to delivering reliable and innovative power solutions tailored to the ongoing demands of the US market.

Key Companies in the US Overhead Power Cables Market Include:

• Marmon Utility


• Prysmian Group


• Wire and Cable Your Way


• Encore Wire


• Southwire


• Belden


• Maingate


• General Cable


• TE Connectivity


• Sterlite Technologies


• Sumitomo Electric


• LS Cable and System


• Nexans


• AFL

US Overhead Power Cables Market Industry Developments

Recent developments in the US Overhead Power Cables Market indicate a significant growth trajectory fueled by increased investments in infrastructure and renewable energy projects. Companies such as Marmon Utility and Prysmian Group are enhancing their production capabilities to meet rising demand. In September 2023, Southwire expanded its operations in Georgia, focusing on innovative cable technologies to optimize energy distribution. The market valuation is witnessing upward trends due to the transition towards smart grid systems and electrification initiatives.

In August 2023, Encore Wire announced strategic partnerships aimed at improving manufacturing efficiencies, while General Cable is advancing its sustainable practices, impacting overall market dynamics positively. Notably, the merger between TE Connectivity and Nexans, finalized in July 2023, has bolstered their competitive positioning in the overhead cable sector. Looking back, in 2021, Sterlite Technologies launched a new range of sustainable overhead cables that set the benchmark for energy efficiency and durability. The overarching trend reflects a consolidation of leading companies focused on innovation and sustainability, positioning the US market for continued expansion within the renewable energy landscape and infrastructure upgrades.

US Overhead Power Cables Market Segmentation Insights

Overhead Power Cables Market Voltage Outlook

• 100kV-250kV


• 251kV-400kV


• Above 400kV

Overhead Power Cables Market End User Outlook

• Utility


• Industrial

 

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	15.05(USD Billion)
MARKET SIZE 2024	16.5(USD Billion)
MARKET SIZE 2035	37.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	7.749% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Marmon Utility, Prysmian Group, Wire and Cable Your Way, Encore Wire, Southwire, Belden, Maingate, General Cable, TE Connectivity, Sterlite Technologies, Sumitomo Electric, LS Cable and System, Nexans, AFL
SEGMENTS COVERED	Voltage, End User
KEY MARKET OPPORTUNITIES	Smart grid technology integration, Renewable energy transmission, Infrastructure modernization initiatives, Utility expansion and upgrades, Increased demand for energy efficiency
KEY MARKET DYNAMICS	Growing demand for electricity, Aging infrastructure needs upgrades, Environmental regulations and compliance, Technological advancements in materials, Increasing renewable energy integration
COUNTRIES COVERED	US