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Published: Nov, 2019 | Pages:
84 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)
The North America wires and cables market size is expected to reach USD 33.7 billion by 2025, expanding at a CAGR of 4.2% over the forecast period, according to a study conducted by Grand View Research, Inc. The increasing demand for refined power transmission and distribution systems, coupled with the rising fund for upgrading infrastructure is anticipated to be the critical factor driving the market growth. Additionally, government initiatives to aid smart grid implementation and expanding infrastructure and construction growth are expected to surge the market demand. Several technological upgrades, such as shifting the old transmission lines to high or extra high voltage lines, are being made in the electricity Transmission and Distribution (T&D) ecosystem. These changes aim at making the T&D ecosystem stable in contradiction to the alternating nature of the renewable sources of energy. However, the growing renewable power capacity and energy generation have further increased the need for countries to upgrade the electricity transmission systems. It can be done by interconnecting both renewable and conventional sources of electricity generation to meet the demand of the states. It is anticipated to surge the market demand over the coming years. The high growth rate of the U.S. market can be attributed to the increasing demand for cables from the IT and Telecommunication sector. Additionally, reduced broadband service costs, growing penetration of smartphone users, infrastructural upgradations in the bandwidth, and expanding internet access have increased the number of broadband subscribers in the country. These trends have fortified the high demand for fiber-optic technology within wires and cables. These are used for on-demand television programming, internet access, and other communication services to businesses and homes. The players in the North America wires and cables market are highly focused on launching new and innovative products to expand product offerings and to meet consumer demands. For instance, in September 2019, Belden Inc. announced the launch of a new Small-Diameter 10GXW Cable, a smallest-diameter category 6A cable intended to support smart building applications. Additionally, the players are also focused on strategic expansions to unleash the potential in countries with high construction growth. Further key findings from the study suggest: • The low voltage segment is expected to dominate the market and is expected to reach USD 15.5 billion by 2025. This is owing to high usage of low voltage cables in the form of building wires,LAN cables, distribution networks, and appliance wires • The underground segment is projected to register the highest CAGR of 4.6% over the forecast period owing to the increasing demand from telecom, automotive, commercial, and other sectors • The building and construction segment is estimated to expand at a significant CAGR owing to new construction and increasing refurbishment activities for the aging residential, commercial, and industrial infrastructure • The U.S. market is estimated to hold a dominant share throughout the forecast period owing to expanding internet access and lower broadband service costs in the country • Prominent market players of North America wires and cables market include Belden Inc.; Encore Wire Corporation; Prysmian S.p.A.; and Fujikura Ltd.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's internal database
1.4 Research Methodology
1.5 Research Scope & Assumptions
1.6 Region/Country-wise Market Calculation
1.6.1 Region/country wise market: Base estimates
1.6.2 Region/country-wise market: CAGR calculation
1.6.3 Region/Country-wise market: Segment Share Calculation
1.7 List of Primary Sources
1.8 List of Secondary Sources
1.9 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 North America Wires and Cables Market: Industry Outlook
3.1 North America Wires and Cables Market Snapshot, 2018
3.2 Market Dynamics
3.2.1 Market Drivers Analysis
3.2.1.1 Implementation of smart grid technology
3.2.1.2 increase in renewable energy generation
3.2.1.3 Expanding Infrastructure and construction growth
3.2.2 Market Restraint Analysis
3.2.2.1 Fluctuating price of raw materials
3.3 Value Chain Analysis
3.4 Penetration & Growth Prospect Mapping
3.5 Key Company Analysis, 2018
3.6 North America Wires and Cables Market: PEST Analysis
3.7 Porter's Five Force Analysis
Chapter 4 North America Wires and Cables Market: Voltage Segment Analysis
4.1 Low Voltage
4.1.1 Low voltage market value, 2015 - 2025 (USD Billion)
4.2 Medium Voltage
4.2.1 Medium voltage market value, 2015 - 2025 (USD Billion)
4.3 High Voltage
4.3.1 High voltage market value, 2015 - 2025 (USD Billion)
4.4 Extra High Voltage
4.4.1 Extra High voltage market value, 2015 - 2025 (USD Billion)
Chapter 5 North America Wires and Cables Market: Installation Segment Analysis
5.1 Overhead
5.1.1 Overhead market value, 2015 - 2025 (USD Billion)
5.2 Underground
5.2.1 Underground market value, 2015 - 2025 (USD Billion)
Chapter 6 North America Wires and Cables Market: End-use Segment Analysis
6.1 Aerospace & Defense
6.1.1 Aerospace & Defense market value, 2015 - 2025 (USD Billion)
6.2 Building & Construction
6.2.1 building & construction market value, 2015 - 2025 (USD Billion)
6.3 Oil & Gas
6.3.1 Oil & gas market value, 2015 - 2025 (USD Billion)
6.4 Energy & Power
6.4.1 Energy & power market value, 2015 - 2025 (USD Billion)
6.5 IT & Telecommunication
6.5.1 IT & Telecommunication market value, 2015 - 2025 (USD Billion)
6.6 Others
6.6.1 Others market value, 2015 - 2025 (USD Billion)
Chapter 7 North America Wires and Cables Market: Country Analysis
7.1 North America Wires and Cables Market, By Country, 2015 - 2025 (USD Billion)
7.2 North America Wires and Cables Market, By Voltage, 2015 - 2025 (USD Billion)
7.3 North America Wires and Cables Market, By Installation, 2015 - 2025 (USD Billion)
7.4 North America Wires and Cables Market, By End Use, 2015 - 2025 (USD Billion)
7.5 U.S.
7.5.1 U.S. Wires and Cables Market, By Voltage, 2015 - 2025 (USD Billion)
7.5.2 U.S. Wires and Cables Market, By Installation, 2015 - 2025 (USD Billion)
7.5.3 U.S. Wires and Cables Market, By End Use, 2015 - 2025 (USD Billion)
7.6 Canada
7.6.1 Canada Wires and Cables Market, By Voltage, 2015 - 2025 (USD Billion)
7.6.2 Canada Wires and Cables Market, By Installation, 2015 - 2025 (USD Billion)
7.6.3 Canada Wires and Cables Market, By End Use, 2015 - 2025 (USD Billion)
Chapter 8 Company Profiles
8.1 Belden, Inc.
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 Encore Wire Corporation
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 Fujikura Ltd.
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 Furukawa Electric Co., Ltd.
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 LEONI AG
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.5.4 Strategic initiatives
8.6 LS Cable & System Ltd.
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.6.4 Strategic initiatives
8.7 Prysmian S.p.A
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 Hitachi Metals, Ltd. (Hitachi Cable America Inc.)
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.8.4 Strategic initiatives
8.9 Nexans
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.9.4 Strategic initiatives
8.10 Siemon
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.10.4 Strategic initiatives
8.11 Southwire Company, LLC
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Product benchmarking
8.11.4 Strategic initiatives
List of Tables Table 1 List of Abbreviation Table 2 Low voltage market value, 2015 - 2025 (USD Billion) Table 3 Medium voltage market value, 2015 - 2025 (USD Billion) Table 4 High voltage market value, 2015 - 2025 (USD Billion) Table 5 Extra high voltage market value, 2015 - 2025 (USD Billion) Table 6 Overhead market value, 2015 - 2025 (USD Billion) Table 7 Underground market value, 2015 - 2025 (USD Billion) Table 8 Aerospace & defense market value, 2015 - 2025 (USD Billion) Table 9 Building & construction market value, 2015 - 2025 (USD Billion) Table 10 Oil & gas market value, 2015 - 2025 (USD Billion) Table 11 Energy & power market value, 2015 - 2025 (USD Billion) Table 12 IT & telecommunication market value, 2015 - 2025 (USD Billion) Table 13 Others market value, 2015 - 2025 (USD Billion) Table 14 North America wires and cables market, by country, 2015 - 2025 (USD Billion) Table 15 North America wires and cables market, by voltage, 2015 - 2025 (USD Billion) Table 16 North America wires and cables market, by installation, 2015 - 2025 (USD Billion) Table 17 North America wires and cables market, by end use, 2015 - 2025 (USD Billion) Table 18 U.S. wires and cables market, by voltage, 2015 - 2025 (USD Billion) Table 19 U.S. wires and cables market, by installation, 2015 - 2025 (USD Billion) Table 20 U.S. wires and cables market, by end use, 2015 - 2025 (USD Billion) Table 21 Canada wires and cables market, by voltage, 2015 - 2025 (USD Billion) Table 22 Canada wires and cables market, by installation, 2015 - 2025 (USD Billion) Table 23 Canada wires and cables market, by end use, 2015 - 2025 (USD Billion)
List of Figures Fig. 1 North America wires and cables segmentation Fig. 2 Market research process Fig. 3 Information procurement Fig. 4 Primary Research Pattern Fig. 5 North America wires and cables market: Market snapshot, 2018 Fig. 6 North America wires and cables market driver impact analysis Fig. 7 North America wires and cables market restraint impact analysis Fig. 8 Iron ore, Aluminum, Nickel, and Copper price trends, 2001-2018 Fig. 9 Wires and cables market: Value chain analysis Fig. 10 North America wires and cables market: Penetration and growth prospect mapping Fig. 11 North America wires and cables market: PEST analysis Fig. 12 Porter's five force analysis Fig. 13 North America wires and cables market: Voltage segment analysis Fig. 14 North America wires and cables market: Installation segment analysis Fig. 15 North America wires and cables market: End-use segment analysis Fig. 16 Wires and cables market: North America regional outlook
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