PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779706
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779706
United States Wire and Cable Market, By Cable Type; By Voltage Type; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
United States Wire and Cable Market Expands to Cross USD 49 Billion by 2031
United States Wire and Cable Market is expanding at a steady growth rate, primarily driven by rapid adoption of smart grids, electric vehicles (EVs), and 5G, and infrastructure modernization efforts.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Wire and Cable Market size by value at USD 33.98 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects United States Wire and Cable Market size to grow at a steady CAGR of 5.50%, reaching a value of USD 49.43 billion by 201. The growth of United States Wire and Cable Market is propelled by a surge in renewable energy projects, smart grid modernization, and the rapid expansion of electric vehicle infrastructure. The rollout of 5G networks and the proliferation of data centers are fueling demand for high-speed, low-latency cables. Additionally, government initiatives to expand broadband access and upgrade aging power infrastructure are boosting market growth. The construction boom, especially in urban areas, further drives demand for reliable wiring solutions. Technological advancements in fiber optics, superconducting cables, and eco-friendly materials are also enhancing performance, efficiency, and sustainability across diverse applications and industries.
Opportunity - Expanding Electric Vehicle (EV) Charging Infrastructure
The rapid adoption of electric vehicles (EVs) in United States is fueling significant growth in charging infrastructure. Government initiatives, including the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, are injecting billions into nationwide EV charging networks. This surge demands extensive deployment of high-performance wires and cables to support fast-charging stations, grid connectivity, and smart energy management systems. As the number of EVs is projected to reach 27 million by 2030, United States Wire and Cable Market is poised to benefit from increased installations across residential, commercial, and public charging environments.
Low Voltage Segment Holds a Larger Market Share
Low voltage cables segment holds the largest share in United States Wire and Cable Market, driven by their widespread use in residential, commercial, and industrial applications. These cables are essential for everyday electrical systems, including lighting, appliances, and communication networks. Their affordability, ease of installation, and compatibility with smart grid and renewable energy systems make them a preferred choice. Additionally, the growing demand for energy-efficient buildings and infrastructure modernization further boosts their adoption. As the U.S. continues to invest in electrification and digital connectivity, low-voltage cables remain the backbone of power distribution and control systems nationwide.
Impact of Escalating Geopolitical Tensions on United States Wire and Cable Market
Escalating geopolitical tensions, particularly between the United States and China, are reshaping United States Wire and Cable Market by disrupting global supply chains and increasing scrutiny over foreign-sourced components. Restrictions on Chinese telecom and subsea cable projects have prompted a shift toward domestic manufacturing and supplier diversification. While this enhances national security and supply resilience, it also raises production costs and delays project execution. Additionally, trade barriers and export controls on raw materials and technologies are pressuring United States-based manufacturers to invest in localized capabilities, ultimately influencing pricing, innovations, and long-term strategic planning.
Competitive Landscape
United States Wire and Cable Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are Belden Inc., Southwire Company, LLC, Prysmian Group, Nexans S.A., Hitachi, Ltd, General Cable Technologies Corporation, Amphenol Corporation, Encore Wire Corporation, Carlisle Interconnect Technologies, Siemon Company, and Sumitomo Electric Industries, Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in United States Wire and Cable Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Wire and Cable Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Wire and Cable Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentations
2. Executive Summary
3. United States Wire and Cable Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Expansion of Renewable Energy Projects
- 3.2.1.2. Increasing Investments in Smart Grid Infrastructure
- 3.2.1.3. Rising Demand for High-Speed Data Transmission
- 3.2.2. Restraints
- 3.2.2.1. Volatility in Raw Material Prices
- 3.2.2.2. Stringent Environmental Regulations
- 3.2.2.3. Supply Chain Disruptions and Geopolitical Tensions
- 3.2.3. Opportunities
- 3.2.3.1. Growth in Electric Vehicle Charging Infrastructure
- 3.2.3.2. Advancements in Fiber Optic Cable Technology
- 3.2.4. Challenges
- 3.2.4.1. Competition from Alternative Transmission Technologies
- 3.2.4.2. High Initial Investment for Infrastructure Upgrades
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Wire and Cable Market Strategies
5. United States Wire and Cable Market: Pricing Analysis
6. United States Wire and Cable Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Cable Type
- 6.2.1.1. Copper Cables
- 6.2.1.2. Fiber Optic Cables
- 6.2.1.3. Coaxial Cables
- 6.2.2. By Voltage Type
- 6.2.2.1. Low Voltage
- 6.2.2.2. Medium Voltage
- 6.2.2.3. High Voltage
- 6.2.3. By Application
- 6.2.3.1. Telecom
- 6.2.3.2. Industrial
- 6.2.3.3. Building & Construction
- 6.2.3.4. Power Utilities
- 6.2.3.5. Military
- 6.2.3.6. Commercial
- 6.2.3.7. Space
- 6.2.1. By Cable Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Wire and Cable Market Share Analysis, 2024
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Wire and Cable Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Belden Inc.
- 9.2. Southwire Company, LLC
- 9.3. Prysmian Group
- 9.4. Nexans S.A.
- 9.5. Hitachi, Ltd
- 9.6. General Cable Technologies Corporation
- 9.7. Amphenol Corporation
- 9.8. Encore Wire Corporation
- 9.9. Carlisle Interconnect Technologies
- 9.10. Siemon Company
- 9.11. Sumitomo Electric Industries, Ltd
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 United States Wire and Cable Market Segmentation
- Figure 2 United States Wire and Cable Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 United States Wire and Cable Market Size, By Value (USD Million), 2019-2031
- Figure 5 United States Wire and Cable Market Share, By Cable Type, By Value, 2019-2031
- Figure 6 United States Wire and Cable Market Share, By Voltage Type, By Value, 2019-2031
- Figure 7 United States Wire and Cable Market Share, By Application, By Value, 2019-2031
List of Tables
- Table 1 United States Wire and Cable Market Size, By Value (USD Million), 2019-2031
- Table 2 United States Wire and Cable Market Size, By Cable Type, By Value, 2019-2031
- Table 3 United States Wire and Cable Market Size, By Voltage Type, By Value, 2019-2031
- Table 4 United States Wire and Cable Market Size, By Application, By Value, 2019-2031
- Table 5 Belden Inc. Company Overview
- Table 6 Belden Inc. Financial Overview
- Table 7 Southwire Company, LLC Company Overview
- Table 8 Southwire Company, LLC Financial Overview
- Table 9 Prysmian Group Company Overview
- Table 10 Prysmian Group Financial Overview
- Table 11 Nexans S.A. Company Overview
- Table 12 Nexans S.A. Financial Overview
- Table 13 Hitachi, Ltd Company Overview
- Table 14 Hitachi, Ltd Financial Overview
- Table 15 General Cable Technologies Corporation Company Overview
- Table 16 General Cable Technologies Corporation Financial Overview
- Table 17 Amphenol Corporation Company Overview
- Table 18 Amphenol Corporation Financial Overview
- Table 19 Encore Wire Corporation Company Overview
- Table 20 Encore Wire Corporation Financial Overview
- Table 21 Carlisle Interconnect Technologies Company Overview
- Table 22 Carlisle Interconnect Technologies Financial Overview
- Table 23 Siemon Company - Company Overview
- Table 24 Siemon Company Financial Overview
- Table 25 Sumitomo Electric Industries, Ltd Company Overview
- Table 26 Sumitomo Electric Industries, Ltd Financial Overview
