PUBLISHER: Market Research Future | PRODUCT CODE: 1677724
PUBLISHER: Market Research Future | PRODUCT CODE: 1677724
Report on North America Medium Voltage Underground Distribution Cable Market Research by Type (Aluminium and Copper), by Product Type (1 kV to 5 kV , 5 kV to 15 kV, 15 kV to 25 kV, 25 kV to 35 kV, 35 kV to 45 kV, and 45 kV to 69 kV), by Jacket Type (Linear Low-density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Cross-Linked Polyethylene (XLPE), Polyvinyl Chloride (PVC), and Others), by Metallic shield design (Round Wire, Flat Strip, and Others), by End Use (Residential, Commercial, Industrial/Manufacturing, Utilities, Transportation, Military, and Others), by Insulation Type (Cross-Linked Polyethylene (XLPE), Ethylene Propylene Rubber (EPR), and Tree Retardant Cross-Linked Polyethylene (TRXLPE)) Forecast to 2032
Over the course of the review year, the North American medium voltage underground distribution cable market is expected to grow at a noteworthy CAGR of 6.78%. The market for medium voltage subterranean distribution cables in North America is expanding significantly, mostly due to the region's rising energy demand. Numerous macroeconomic variables, such as urbanization, population growth, technological improvements, and the shift to renewable energy sources, are responsible for this spike in electricity usage.
The need for energy increases in tandem with North America's population growth, especially in metropolitan areas. As urban areas grow, more energy is being used for household, commercial, and industrial purposes. In addition to increasing the number of users, the trend toward urbanization calls for the construction of strong infrastructure to meet the rising demand for energy. To supply energy effectively and safely in heavily populated areas, medium voltage underground distribution cables must be installed.
To cut carbon emissions and fight climate change, governments and utilities are making significant investments in solar, wind, and other renewable energy technologies. To link renewable energy sources to the grid, this transition necessitates significant improvements to the current electrical infrastructure, including the installation of medium voltage subterranean distribution lines. These cables make it easier for electricity produced from renewable resources to be transmitted efficiently, guaranteeing that it reaches customers. The market for medium voltage subterranean distribution cables is anticipated to grow considerably as these variables continue to change. Manufacturers, utilities, and legislators now have the chance to invest in cutting-edge solutions and upgraded infrastructure to meet the region's energy demands while advancing sustainability and dependability in the distribution of electricity.
Segmentation of the Market
The market for medium voltage underground distribution cables has been divided into two segments based on conductor type: copper and aluminum.
The market for medium voltage underground distribution cables has been divided into five segments based on product type: 1 kV to 5 kV, 5 kV to 15 kV, 15 kV to 25 kV, 25 kV to 35 kV, 35 kV to 45 kV, and 45 kV to 69 kV.
The medium voltage underground distribution cable market is divided into four segments according on the kind of jacket: polyvinyl chloride (PVC), cross-linked polyethylene (XLPE), high density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and others.
The market for medium voltage underground distribution cables has been divided into three segments based on metallic shield design: round wire, flat strip, and others.
Residential, Commercial, Industrial/Manufacturing, Utilities, Transportation, Military, and Others are the market segments based on end-use.
The Medium Voltage Underground Distribution Cable Market has been divided into three segments based on the kind of insulation: Tree Retardant Cross-Linked Polyethylene (TRXLPE), Ethylene Propylene Rubber (EPR), and Cross-Linked Polyethylene (XLPE).
Prysmian Group, Nexans, Okonite Company, BizLink Holding Inc., Sumitomo Electric Industries, Ltd., American Wire Group, Elsewedy Electric, Wtec Energy, ZMS Cable Company, Ltd., and Southwire Company, LLC are the major participants in the Medium Voltage Underground Distribution Cable market.