PUBLISHER: Grand View Research | PRODUCT CODE: 1654563
PUBLISHER: Grand View Research | PRODUCT CODE: 1654563
The U.S. wires and cables market size was valued at USD 31.93 billion in 2024 and is expected to grow at a CAGR of 5.9% from 2025 to 2030. Renewable energy sources such as solar and wind power are gaining popularity, necessitating the use of specialized cables designed for efficient long-distance electricity transmission from remote installations to high-demand urban areas. These cables are engineered to minimize energy losses and ensure reliable power delivery in support of a sustainable and widespread adoption of clean energy.
Emerging technologies such as 5G and the Internet of Things are spurring a need for faster and more reliable data transmission, consequently driving demand for enhanced types of cables. A significant rise in copper cables is expected to drive the market growth over the forecast period. Copper cables are extensively used in residential and commercial building wiring, particularly in electrical systems. The growth of the construction industry, fueled by factors such as population growth, urbanization, and economic development, is a significant driver for the demand for copper cables in the U.S. wires and cables market. As the construction sector continues to thrive, the need for reliable and efficient copper cables to power buildings and infrastructure is expected to rise, further contributing to the overall growth of the industry.
Several prominent companies operating in the U.S. market, including Siemon, Hitachi, Ltd., Belden, Inc., and MaxLinear, have strengthened their strategies to maintain a competitive edge. These companies are poised to pursue a combination of organic and inorganic growth initiatives to reinforce their market positioning within the regional landscape. For instance, In February 2024, MaxLinear launched a new toolset Product Design Kit (PDK) designed to improve performance and speed up the development of high-performance cables. This PDK serves as a cost-effective and time-efficient tool for cable manufacturers seeking to rapidly integrate Keystone into their AECs, thereby gaining a competitive edge over rival solutions in terms of both power consumption and cable reach.
U.S. Wires And Cables Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the U.S. wires and cables market report based on cable type, and application: