US Medium Voltage Cables Market Research Report Forecast to 2030

The US medium voltage cables market was valued at USD 6,041.31 million in 2022 and is expected to reach USD 9,504.12 million by 2030. It is expected to grow at a CAGR of 5.9% over the forecast duration of 2023-2030.

A medium voltage cable is a power cable used to distribute or transmit energy from one source to another using cables. It is widely used across industrial, commercial, and utility sectors. The US medium voltage cables market is driven by a growing demand for energy. With increasing urbanization and rapid industrial growth and expansion the energy demand is expected to grow significantly leading to increasing demand for power systems, hence leading to a rise in the demand for medium voltage cables, causing the US medium voltage cables market to expand. Another factor impacting the market positively is the favorable government initiatives and policies along with rising investments in clean energy. The clean energy demand is growing exponentially due to the rising environmental concerns relating to conventional energy generation. Hence rising demand for clean energy due to favorable government initiatives and policies set to grow the US medium voltage cable market during the forecast period.

However, the fluctuations in the prices of raw materials such as aluminum, copper, rubber, thermoset, and thermoplastic materials will likely restrain the US medium voltage cables market. While the rising investment to modernize the infrastructure of power grid technology will create growth opportunities for the US medium voltage cables market. With the rising need for energy and the aging power grid, there is a huge potential for US medium voltage cables market during the foreseeable future.

Market Segmentation

According to MRFR analysis, based on the voltage, the US medium voltage cables market has been segmented into Up to 25kV, 6.3. 26kV-50kV, 6.4. 51kV-75kV, and 6.5. 76kV-100kV. In 2022, the 26kV-50kV segment drove the US medium voltage cables market by holding a 44.73% market share with a market value of USD 2,702.28 million.

Based on product, the US medium voltage cables market has been segmented into termination cables, joints, XLPE cables, and others.

Based on the installation, the US medium voltage cables market has been segmented into underground, submarine, and overhead.

Based on end-users, the US medium voltage cables market has been divided into industrial, commercial, and utility.

Major Players

SACO AEI Polymers, NEXANS NKT A/S, Prysmian Group, Sumitomo Electric Industries, Ltd. Southwire Company, LLC, TPC Wire and Cable, Belden, The Okonite Company, and Hellenic Cables.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 US MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE
- 1.1.2 US MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT
- 1.1.3 US MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION
- 1.1.4 US MEDIUM VOLTAGE CABLES MARKET, BY END-USER

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 FAVORABLE GOVERNMENT INITIATIVES AND POLICIES ALONG WITH RISING INVESTMENTS IN CLEAN ENERGY
- 4.2.2 RISING ENERGY DEMAND IN US IS FLOURISHING THE MEDIUM VOLTAGE CABLES MARKET
4.3 RESTRAINTS
- 4.3.1 FLUCTUATIONS IN THE PRICES OF RAW MATERIALS
4.4 OPPORTUNITIES
- 4.4.1 RISING INVESTMENT TO MODERNISE THE INFRASTRUCTURE OF POWER GRID TECHNOLOGY
4.5 IMPACT ANALYSIS OF COVID-19
- 4.5.1 IMPACT ON OVERALL INDUSTRY
- 4.5.2 ECONOMIC IMPACT
- 4.5.3 IMPACT ON THE SUPPLY CHAIN OF THE US MEDIUM VOLTAGE CABLES MARKET
  - 4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
  - 4.5.3.2 PRODUCTION SHUTDOWN
  - 4.5.3.3 CASH FLOW CONSTRAINTS
  - 4.5.3.4 IMPACT ON IMPORT/EXPORT
- 4.5.4 IMPACT ON MARKET DEMAND FOR MEDIUM VOLTAGE CABLES
  - 4.5.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
  - 4.5.4.2 CONSUMER SENTIMENTS
- 4.5.5 IMPACT ON PRICING OF US MEDIUM VOLTAGE CABLES MARKET

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RESEARCH & DEVELOPMENT
- 5.1.2 RAW MATERIAL & COMPONENT SUPPLY
- 5.1.3 MANUFACTURING & ASSEMBLY
- 5.1.4 SALES & DISTRIBUTION
- 5.1.5 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY

6 US MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE

6.1 INTRODUCTION
6.2 UPTO 25KV ERROR! BOOKMARK NOT DEFINED.
6.3 26KV-50KV ERROR! BOOKMARK NOT DEFINED.
6.4 51KV-75KV ERROR! BOOKMARK NOT DEFINED.
6.5 76KV - 100KV ERROR! BOOKMARK NOT DEFINED.

7 US MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION

7.1 INTRODUCTION
7.2 UNDERGROUND
7.3 SUBMARINE
7.4 OVERHEAD

8 US MEDIUM VOLTAGE CABLES MARKET, BY END USER

8.1 INTRODUCTION
8.2 INDUSTRIAL
8.3 COMMERCIAL
8.4 UTILITY

9 US MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT

9.1 INTRODUCTION
9.2 TERMINATION CABLES
9.3 JOINTS
9.4 XLPE CABLES
9.5 OTHERS

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 COMPETITIVE DASHBOARD
10.3 MAJOR GROWTH STRATERGY IN MARKET
10.4 COMPETITIVE BENCHMARKING
10.5 MARKET SHARE ANALYSIS
10.6 LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN US MEDIUM VOLATAGE CABLES MARKET
10.7 RECENT DEVELOPMENTS AND GROWTH STRATEGY

11 COMPANY PROFILES

11.1 SACO AEI POLYMERS
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 NEXANS
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 NKT A/S
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 PRYSMIAN GROUP
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS/SERVICES OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 SUMITOMO ELECTRIC INDUSTRIES, LTD.
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 SOUTHWIRE COMPANY, LLC.
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 TPC WIRE & CABLE
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 BELDEN INC.
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
- 11.8.7 COMPANY OVERVIEW
- 11.8.8 FINANCIAL OVERVIEW
- 11.8.9 PRODUCTS/SERVICES OFFERED
- 11.8.10 KEY DEVELOPMENTS
- 11.8.11 SWOT ANALYSIS
- 11.8.12 KEY STRATEGIES
11.9 HELLENIC CABLES
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES

12 APPENDIX

12.1 REFERENCES
12.2 RELATED REPORTS

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 24
TABLE 2 US MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE, 2019-2030 (USD MILLION) 39
TABLE 3 US MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION, 2019-2030 (USD MILLION) 41
TABLE 4 US MEDIUM VOLTAGE CABLES MARKET, BY END USER, 2019-2030 (USD MILLION) 43
TABLE 5 US MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT, 2019-2030 (USD MILLION) 45
TABLE 6 LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN US MEDIUM VOLATAGE CABLES MARKET 50
TABLE 7 KEY DEVELOPMENTS & GROWTH STRATEGIES 51
TABLE 8 SACO AEI POLYMERS: PRODUCTS OFFERED 54
TABLE 9 NEXANS: PRODUCTS OFFERED 58
TABLE 10 NEXANS: KEY DEVELOPMENTS 59
TABLE 11 NKT A/S: PRODUCTS OFFERED 63
TABLE 12 NKT A/S: KEY DEVELOPMENTS 64
TABLE 13 PRYSMIAN GROUP: PRODUCTS OFFERED 67
TABLE 14 PRYSMIAN GROUP: KEY DEVELOPMENTS 68
TABLE 15 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS OFFERED 72
TABLE 16 SOUTHWIRE COMPANY, LLC: PRODUCTS OFFERED 74
TABLE 17 SOUTHWIRE COMPANY, LLC: KEY DEVELOPMENTS 75
TABLE 18 TPC WIRE & CABLE: PRODUCTS OFFERED 77
TABLE 19 TPC WIRE & CABLE: KEY DEVELOPMENTS 78
TABLE 20 BELDEN INC.: PRODUCTS OFFERED 81
TABLE 21 BELDEN INC.: KEY DEVELOPMENTS 81
TABLE 22 THE OKNITE COMPANY: PRODUCTS OFFERED 83
TABLE 23 THE OKNITE COMPANY: KEY DEVELOPMENTS 84
TABLE 24 HELLENIC CABLES: PRODUCTS OFFERED 87

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 12
FIGURE 2 US MEDIUM VOLTAGE CABLES MARKET ANALYSIS, BY VOLTAGE (USD MILLION) 13
FIGURE 3 US MEDIUM VOLTAGE CABLES MARKET ANALYSIS, BY PRODUCT (USD MILLION) 14
FIGURE 4 US MEDIUM VOLTAGE CABLES MARKET ANALYSIS, BY INSTALLATION (USD MILLION) 15
FIGURE 5 US MEDIUM VOLTAGE CABLES MARKET ANALYSIS, BY END-USER (USD MILLION) 16
FIGURE 6 US MEDIUM VOLTAGE CABLES MARKET: MARKET STRUCTURE 18
FIGURE 7 RESEARCH PROCESS OF MRFR 19
FIGURE 8 MARKET DYNAMICS: US MEDIUM VOLTAGE CABLES MARKET 25
FIGURE 9 US CLEAN ENERGY GENERATION CAPACITY, BY TYPE (MILLION KILOWATTS) IN 2021 27
FIGURE 10 US ENERGY CONSUMPTION BY END-USE INDUSTRY IN 2021 28
FIGURE 11 DRIVERS: IMPACT ANALYSIS 28
FIGURE 12 ALUMINIUM PRICE, JANUARY 2022- MARCH 2023 (USD/METRIC TON) AND MONTHLY CHANGE (%) 29
FIGURE 13 COPPER PRICE, 2015 - 2023, ANNUAL CHANGE (%) 29
FIGURE 14 RESTRAINTS: IMPACT ANALYSIS 30
FIGURE 15 SUPPLY CHAIN ANALYSIS: US MEDIUM VOLTAGE CABLES MARKET 34
FIGURE 16 PORTER'S FIVE FORCES ANALYSIS: US MEDIUM VOLTAGE CABLES MARKET 36
FIGURE 17 US MEDIUM VOLTAGE CABLES MARKET, BY VOLTAGE, 2019-2030 (USD MILLION) 39
FIGURE 18 US MEDIUM VOLTAGE CABLES MARKET, BY INSTALLATION, 2019-2030 (USD MILLION) 41
FIGURE 19 US MEDIUM VOLTAGE CABLES MARKET, BY END USER, 2019-2030 (USD MILLION) 43
FIGURE 20 US MEDIUM VOLTAGE CABLES MARKET, BY PRODUCT, 2019-2030 (USD MILLION) 45
FIGURE 21 COMPETITIVE DASHBOARD 47
FIGURE 22 MAJOR GROWTH STRATEGIES 48
FIGURE 23 COMPETITIVE BENCHMARKING 49
FIGURE 24 MARKET SHARE ANALYSIS, 2021 50
FIGURE 25 SACO AEI POLYMERS: SWOT ANALYSIS 55
FIGURE 26 NEXANS: FINANCIAL OVERVIEW SNAPSHOT 57
FIGURE 27 NEXANS: SWOT ANALYSIS 60
FIGURE 28 NKT A/S: SWOT ANALYSIS 65
FIGURE 29 PRYSMIAN GROUP: FINANCIAL OVERVIEW SNAPSHOT 66
FIGURE 30 PRYSMIAN GROUP: SWOT ANALYSIS 68
FIGURE 31 SUMITOMO ELECTRIC INDUSTRIES, LTD.: FINANCIAL OVERVIEW SNAPSHOT 70
FIGURE 32 SUMITOMO ELECTRIC INDUSTRIES, LTD.: SWOT ANALYSIS 72
FIGURE 33 SOUTHWIRE COMPANY, LLC: SWOT ANALYSIS 76
FIGURE 34 TPC WIRE & CABLE: SWOT ANALYSIS 78
FIGURE 35 BELDEN INC.: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 36 BELDEN INC.: SWOT ANALYSIS 82
FIGURE 37 THE OKNITE COMPANY: SWOT ANALYSIS 85
FIGURE 38 HELLENIC CABLES: FINANCIAL OVERVIEW SNAPSHOT 86
FIGURE 39 HELLENIC CABLES: SWOT ANALYSIS 87