North America Medium Voltage Cable and Accessories Market Size and Forecast 2021 - 2031, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Installation, Product, Voltage, End User, and Country

Description

List of Tables

The North America medium voltage cable and accessories market size was valued at US$ 5.83 billion in 2024 and is expected to reach US$ 7.97 billion by 2031; it is estimated to register a CAGR of 4.7% during 2025-2031.

The North America medium voltage cable and accessories market is segmented into US, Canada, and Mexico. US dominated the market in 2024, followed by Canada and Mexico, respectively. Enterprises in North America constantly optimize the overall business processes to meet the customer needs for high-quality products and services. As medium voltage cables and their accessories offer reliable connection with a power source during unpredictable power outages and withstand direct exposure to harsh environmental conditions, they are used by various industries, including oil & gas, chemicals, energy & power, mining, and transportation. North America is observing massive growth in the oil & gas sector due to the growing investments in it. According to the Energy Information Administration (EIA) report, the US and Canada contribute 14.5% and 5.8% of the world's total crude oil production. Also, as per the same source, in July 2022, the US oil production reached 12.1 million barrels per day (bpd), with a 200,000 bpd rise from May. With the expansion of midstream infrastructure, this upward oil production trend is expected to continue during the forecast period. This growing expansion of the oil & gas sector escalates the demand for medium-voltage cables that are durable and can withstand harsh environments.

Based on end user, the North America medium voltage cable and accessories market is segmented into industrial, infrastructure, and renewables. The industrial segment held the largest North America medium voltage cable and accessories market share. Medium voltage cables are used to transfer power from substations to transformers, motors, and other machinery. The cables transfer power to motors, machines, and other equipment in industrial plants. Additionally, they are utilized to link transformers and other plant machinery. It can also transmit power to far-off areas, including mines, oil and gas rigs, and construction sites. Thus, with the growing application, several players are taking the initiative to develop medium-voltage cables and accessories. For instance, in August 2023, RFL Group launched a new product category of medium-voltage power cables for its well-known cable brand- Bizli Cables. The demand for strong MV cables to accommodate larger power requirements and assure the reliability of production processes is rising with the growing industrialization. Furthermore, the emphasis on sustainable operations in many industrial settings is increasing demand for high-quality cables that save energy and reduce operational downtime.

ABB Ltd; Prysmian SpA; Nexans SA; TE Connectivity Ltd; Southwire Company LLC; Houston Wire & Cable Co.; Belden Inc; LS Cable & System USA; Ensto Oy; NKT AS; The Okonite Co; Sumitomo Electric Industries Ltd; 3M Co; Eaton Corp Plc; and Hitachi Energy Ltd are among the key North America medium voltage cable and accessories market players that are profiled in this market study.

The overall North America medium voltage cable and accessories market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America medium voltage cable and accessories market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America medium voltage cable and accessories market.

Product Code: TIPRE00040916

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Medium Voltage Cable and Accessories Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Component Providers:
- 4.3.2 Manufacturers:
- 4.3.3 Distributors or Suppliers:
- 4.3.4 End-Use Industries:
4.4 Premium Insights
- 4.4.1 Impact of the US election on the market
- 4.4.2 Trend of Overhead (ACSR and Others) Line Conductors in North America Medium Voltage and Accessories Market
  - 4.4.2.1 ASCR
  - 4.4.2.2 AAAC
  - 4.4.2.3 AACSR
  - 4.4.2.4 Others

5. North America Medium Voltage Cable and Accessories Market - Key Market Dynamics

5.1 North America Medium Voltage Cable and Accessories Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Need to Upgrade Aging Power Distribution Networks
- 5.2.2 Rising Demand for Uninterrupted Power Supply in Various Industries
- 5.2.3 Growing Construction of Residential and Commercial Buildings
5.3 Market Restraints
- 5.3.1 Widespread Counterfeit Cable Market
5.4 Market Opportunities
- 5.4.1 Rising Investments in Renewable Energy
5.5 Market Trends
- 5.5.1 Advancements in Cable Technology
5.6 Impact of Drivers and Restraints:

6. North America Medium Voltage Cable and Accessories Market Analysis

6.1 North America Medium Voltage Cable and Accessories Market Revenue (US$ Million), 2021-2031
6.2 North America Medium Voltage Cable and Accessories Market Forecast and Analysis

7. North America Medium Voltage Cable and Accessories Market Analysis - by Installation

7.1 Overhead
- 7.1.1 Overview
- 7.1.2 Overhead: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.3 ACSR (Aluminium Conductor Steel Reinforced)
  - 7.1.3.1 Overview
  - 7.1.3.2 ACSR (Aluminium Conductor Steel Reinforced): North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.4 AAAC (All Aluminium Alloy Conductor)
  - 7.1.4.1 Overview
  - 7.1.4.2 AAAC (All Aluminium Alloy Conductor): North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.5 AACSR (Aluminium Alloy Conductor Steel Reinforced)
  - 7.1.5.1 Overview
  - 7.1.5.2 AACSR (Aluminium Alloy Conductor Steel Reinforced): North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.6 Others
  - 7.1.6.1 Overview
  - 7.1.6.2 Others: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Underground
- 7.2.1 Overview
- 7.2.2 Underground: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.3 XLPE (Cross-Linked Polyethylene)
  - 7.2.3.1 Overview
  - 7.2.3.2 XLPE (Cross-Linked Polyethylene): North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.4 PVC (Polyvinyl Chloride)
  - 7.2.4.1 Overview
  - 7.2.4.2 PVC (Polyvinyl Chloride): North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.5 PILC (Paper Insulated Lead Covered)
  - 7.2.5.1 Overview
  - 7.2.5.2 PILC (Paper Insulated Lead Covered): North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.6 Others
  - 7.2.6.1 Overview
  - 7.2.6.2 Others: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Medium Voltage Cable and Accessories Market Analysis - by Product

8.1.1 Cables
- 8.1.1.1 Overview
- 8.1.1.2 Cables: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
8.1.2 Accessories
- 8.1.2.1 Overview
- 8.1.2.2 Accessories: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.2.3 Terminations
  - 8.1.2.3.1 Overview
  - 8.1.2.3.2 Terminations: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.2.4 Joints
  - 8.1.2.4.1 Overview
  - 8.1.2.4.2 Joints: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.2.5 Others
  - 8.1.2.5.1 Overview
  - 8.1.2.5.2 Others: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Medium Voltage Cable and Accessories Market Analysis - by Voltage

9.1 6 to 13
- 9.1.1 Overview
- 9.1.2 6 to 13: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
9.2
- 9.2.1 Overview
- 9.2.2: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
9.3
- 9.3.1 Overview
- 9.3.2: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
9.4
- 9.4.1 Overview
- 9.4.2: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
9.5
- 9.5.1 Overview
- 9.5.2: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
9.6 1 to 5
- 9.6.1 Overview
- 9.6.2 1 to 5: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)

10. North America Medium Voltage Cable and Accessories Market Analysis - by End User

10.1 Industrial
- 10.1.1 Overview
- 10.1.2 Industrial: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
10.2 Infrastructure
- 10.2.1 Overview
- 10.2.2 Infrastructure: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
10.3 Renewables
- 10.3.1 Overview
- 10.3.2 Renewables: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)

11. North America Medium Voltage Cable and Accessories Market - Country Analysis

11.1 North America
- 11.1.1 North America Medium Voltage Cable and Accessories Market Breakdown by Countries
- 11.1.2 North America Medium Voltage Cable and Accessories Market Revenue and Forecast and Analysis - by Country
  - 11.1.2.1 North America Medium Voltage Cable and Accessories Market Revenue and Forecast and Analysis - by Country
  - 11.1.2.2 United States: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.2.1 United States: North America Medium Voltage Cable and Accessories Market Breakdown by Installation
    - 11.1.2.2.2 United States: North America Medium Voltage Cable and Accessories Market Breakdown by Overhead Type
    - 11.1.2.2.3 United States: North America Medium Voltage Cable and Accessories Market Breakdown by Underground Type
    - 11.1.2.2.4 United States: North America Medium Voltage Cable and Accessories Market Breakdown by Product
    - 11.1.2.2.5 United States: North America Medium Voltage Cable and Accessories Market Breakdown by Accessories Type
    - 11.1.2.2.6 United States: North America Medium Voltage Cable and Accessories Market Breakdown by Voltage
    - 11.1.2.2.7 United States: North America Medium Voltage Cable and Accessories Market Breakdown by End User
  - 11.1.2.3 Canada: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.3.1 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Installation
    - 11.1.2.3.2 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Overhead Type
    - 11.1.2.3.3 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Underground Type
    - 11.1.2.3.4 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Product
    - 11.1.2.3.5 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Accessories Type
    - 11.1.2.3.6 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by Voltage
    - 11.1.2.3.7 Canada: North America Medium Voltage Cable and Accessories Market Breakdown by End User
  - 11.1.2.4 Mexico: North America Medium Voltage Cable and Accessories Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.4.1 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Installation
    - 11.1.2.4.2 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Overhead Type
    - 11.1.2.4.3 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Underground Type
    - 11.1.2.4.4 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Product
    - 11.1.2.4.5 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Accessories Type
    - 11.1.2.4.6 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by Voltage
    - 11.1.2.4.7 Mexico: North America Medium Voltage Cable and Accessories Market Breakdown by End User

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.2 Mergers and Acquisitions

14. Company Profiles

14.1 ABB Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Prysmian SpA
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Nexans SA
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Connectivity Ltd
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Southwire Company LLC
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Houston Wire & Cable Co.
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Belden Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 NKT AS
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 The Okonite Co
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Sumitomo Electric Industries Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
14.11 3M Co
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
14.12 Eaton Corp Plc
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
14.13 Hitachi Energy Ltd
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
14.14 LS Cable & System USA
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
14.15 Ensto Oy
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments

15. Appendix

15.1 Word Index
15.2 About the Insight Partners