PUBLISHER: Market Research Future | PRODUCT CODE: 1866201
PUBLISHER: Market Research Future | PRODUCT CODE: 1866201
The North American medium voltage underground distribution cable market is expected to attain a value of USD 52,877.2 million, expanding at a steady 6.9% CAGR during the forecast period. Medium Voltage Underground Distribution Cables carry electrical energy at medium voltage levels between substations and end-users, usually rated between 1 kV and 35 kV. To increase safety, reduce the number of power interruptions, and improve the aesthetic of the power infrastructure, the cables are placed underground.
The demand for medium-voltage underground distribution cables is rising as the need for reliable and weather-resilient power infrastructures becomes more important. Their resistance to bad weather, the ability to keep the power on, and the low level of maintenance required make them a great choice over overhead lines, especially in areas that are hit by hurricanes and storms in the southern parts of the US and in Canada.
Major Company Development
In a series of strategic decisions, Prysmian Group revealed that it is ready to invest €1.8 billion to increase renewable transmission capacity by 2027, which signals its strong commitment to the energy infrastructure that is sustainable. The acquisition of Encore Wire in 2024 helps the company increase its product offerings and enhance its market presence in the power distribution sector. Moreover, a $100 million expansion in North America strengthens the local manufacturing capacity to meet the growing clean energy demands.
Major players in the North America medium underground distribution cable market include Southwire Company, LLC., WTEC Energy, Okonite Company, American Wire Group, LS Cable & System Ltd, Prysmian Group, Nexans, Sumitomo Electric Industries, Ltd., BizLink Holding Inc., and Elsewedy Electric
Key Report Attributes
Industry Segmentations Growth
ANALYSIS, 2019 - 2035 (USD MN/MN METER)