United States (US) Wires & Cables Market (2020-2026) | Growth, Analysis, Trends, Companies, Forecast, COVID-19 IMPACT, Share, Revenue, Value, Size, Industry & Outlook

US Wires and Cables Market - Export Market OpportunitiesThe latest development (2023) of the United States (US) Wires & Cables Market

United States (US) Wires and Cables Market is expected to witness significant growth over the forecast period owing to growing investments in infrastructure projects, increasing demand for high-performance cabling solutions, government policies such as tax incentives and funding programs to promote wire technologies, and a rise in the adoption of renewable energy sources. The technological advancements such as IoT incorporation with cables are driving companies towards investing in advanced products that offer greater efficiency and safety to the consumers The vendors are also focusing on developing new materials for their cables which have superior properties than the existing ones. The companies have launched smart cable solutions which assimilates sensors into them allowing them to communicate digitally with connected systems thus further raising the overall demand for these products in the years to come.

Topics Covered in United States (US) Wires & Cables Market Report

United States (US) Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

United States (US) Wires & Cables Market is projected to grow over the coming year. United States (US) Wires & Cables Market report is a part of our periodical regional publication North America Wires & Cables Market outlook report. 6W tracks Wires & Cables market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Wires & Cables Market outlook report annually.

United States (US) Wires & Cables Market Synopsis

United States (US) Wires & Cables Market is expected to witness growth in the forecast period mainly due to rising usage of wire and cables in electricity transfer, mechanical load and telecommunication transfer across various industries. The increasing deployment of wires & cables to enhance the existing power grid infrastructure is driving the growth of the market.

According to 6Wresearch, United States (US) Wires & Cables Market size is projected to register growth during 2020-2026. Surging population coupled with increasing modernization is leading to deployment of smart grid technologies which is helping the market to expand. Increasing advancement of technology coupled with growing adoption of smart grid is expanding the demand for wires & cable in the country. The other factors that have contributed to the growth of the market are services of the data transmission, various infrastructure projects, urbanization, and the growing demand for electricity. The focus of the country on the on renewable energy sources have also given boost to the market. There are certain challenges that needs to be addressed for the development of the market. The competition from the international players and economic fluctuations and uncertainties has hugely impacted investment decisions and demand for cables. The market is a part of the North America Wires & Cables Market and these negative factors have severely affected the demand of the market.

COVID-19 Impact on United States (US) Wires & Cables Market

The outburst of the pandemic led to imposition of the lockdowns, travel restrictions, and supply chain disruptions, which affected both production and demand for wires and cables. The US government introduced various policies to support businesses and stimulate economic recovery during the pandemic and provide financial aid packages, tax relief, and incentives for various industries. These measures provided some relief to the producers in the Wires & Cables Market but the challenges in logistics and supply chain disruptions continued which impacted production schedules and delivery timelines and this factor led to decline in United States (US) Wires & Cables Market Share.

United States (US) Wires & Cables Market: Key players

• General Cable Corporation
• Prysmian Group
• Southwire Company, LLC
• Belden Inc.
• Nexans
• Alpha Wire Corporation
• Anixter International Inc.
• Encore Wire Corporation
• Berkshire Hathaway Inc.
• TE Connectivity Ltd.

These are the major players in the United States (US) Wires & Cables Industry who are manufacturing the latest products to cater to the various needs of the industries.

Market by Voltage

According to Ravi Bhandari, Research Manager, 6Wresearch, the low voltage segment will witness remarkable growth in the forthcoming years on the account of increasing use of these cables in the construction sector.

Market by Installation

Based on the installation the market is segmented into Overhead and Underground. The overhead segment will dominate the market due to its high use in the transmission lines and it will stimulate United States (US) Wires & Cables Market Growth.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.   
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• United States (US) Wires & Cables Market Outlook
• Market Size of United States (US) Wires & Cables Market, 2019
• Forecast of United States (US) Wires & Cables Market, 2026
• Historical Data and Forecast of United States (US) Wires & Cables Revenues & Volume for the Period 2016 - 2026
• United States (US) Wires & Cables Market Trend Evolution
• United States (US) Wires & Cables Market Drivers and Challenges
• United States (US) Wires & Cables Price Trends
• United States (US) Wires & Cables Porter's Five Forces
• United States (US) Wires & Cables Industry Life Cycle
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• United States (US) Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• United States (US) Wires & Cables Top Companies Market Share
• United States (US) Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• United States (US) Wires & Cables Company Profiles
• United States (US) Wires & Cables Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overhead
• Underground

By End-users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

United States (US) Wires & Cables Market: FAQs