1.35% CAGR in North America Electrical Wire and Cable Market by 2025 | Belden Inc. and CommScope Holding Co. Inc. among top vendors

NEW YORK, January 17, 2022 /PRNewswire/ — The market for electrical wires and cables in North America is expected to grow USD 1.33 billion, at a CAGR of 1.35%, from 2020 to 2025. The report provides an up-to-date analysis of the current market scenario, latest trends and drivers, and overall market environment.

Attractive Opportunities in North America Electrical Wire and Cable Market by Product and End-User – Forecast and Analysis 2021-2025

Request the latest free sample report explore growth opportunities in the electrical wire and cable market by North America

The market for electrical wires and cables in North America is concentrated, and the degree of concentration will accelerate over the forecast period. Market sellers need to take advantage of existing growth prospects in fast-growing segments while maintaining their positions in slow-growing segments. Belden Inc., CommScope Holding Co. Inc., Corning Inc., Encore Wire Corp., Hitachi Ltd., Marmon Holdings Inc., Nexans SA, Prysmian Spa, Southwire Co. LLC and Sumitomo Electric Industries Ltd. the main market players.

The North America Electrical Wire and Cable Market report covers the following areas:

electrical wires and cables market in North America 2021-2025: Offers from the main suppliers

  • Belden Inc. – The Company offers a range of products such as flexible cables, power cables, electronic wires and cables, and copper fiber hybrid cables, among others.

  • CommScope Holding Co. Inc. – The Company offers a range of products such as coaxial cables, hybrid cables, power cables and twisted pair cables, among others.

  • Corning Inc.- The Company offers a range of products such as closures, cables, fiber optics and cable assemblies, among others.

electrical wires and cables market in North America 2021-2025: Segmentation

By product, the power cable segment is expected to witness significant growth in its market share over the forecast period. Power cables can be buried in the ground, routed overhead, or exposed as permanent wiring in buildings.

electrical wires and cables market in North America 2021-2025: Scope

Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources.

Increasing investment in power transmission and distribution (T&D) to meet the target market demand has been instrumental in driving the growth of the market. The growth of the T&D network and the increase in demand for renewable sources in countries such as the United States, Canada, and Mexico will propel the growth of the electrical wire and cable market by North America during the forecast period.

However, volatility in commodity prices could hamper market growth. A rise in the price of raw materials, especially copper, has a direct impact on the profit margins of wire and cable manufacturers, thereby restraining the growth of the market.

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electrical wires and cables market in North America 2021-2025: Highlights

  • Market CAGR over the forecast period 2021-2025

  • In-depth information on factors that will contribute to the growth of the North America Electrical Wire and Cable Market over the next five years

  • Estimation of the size of the North America electrical wire and cable market and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the electrical wire and cable market in North America

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of the factors that will challenge the growth of the vendors in the Electric Wire and Cable Market in North America

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North America Electrical Wire and Cable Market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 1.35%

Market Growth 2021-2025

$1.33 billion

Market structure

Concentrated

Annual growth (%)

1.25

Regional analysis

North America

Successful market contribution

100% North America

Main consumer countries

we

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Belden Inc., CommScope Holding Co. Inc., Corning Inc., Encore Wire Corp., Hitachi Ltd., Marmon Holdings Inc., Nexans SA, Prysmian Spa, Southwire Co. LLC and Sumitomo Electric Industries Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

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