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US Medium Voltage Cables Market Research Report Forecast to 2030

Publisher Market Research Future
Published Oct 04, 2023
Length 90 Pages
SKU # RESFT18238841

Description

US Medium Voltage Cables Market Research Report Forecast to 2030


The US medium voltage cables market was valued at USD 6,041.31 million in 2022 and is expected to reach USD 9,504.12 million by 2030. It is expected to grow at a CAGR of 5.9% over the forecast duration of 2023-2030.

A medium voltage cable is a power cable used to distribute or transmit energy from one source to another using cables. It is widely used across industrial, commercial, and utility sectors. The US medium voltage cables market is driven by a growing demand for energy. With increasing urbanization and rapid industrial growth and expansion the energy demand is expected to grow significantly leading to increasing demand for power systems, hence leading to a rise in the demand for medium voltage cables, causing the US medium voltage cables market to expand. Another factor impacting the market positively is the favorable government initiatives and policies along with rising investments in clean energy. The clean energy demand is growing exponentially due to the rising environmental concerns relating to conventional energy generation. Hence rising demand for clean energy due to favorable government initiatives and policies set to grow the US medium voltage cable market during the forecast period.

However, the fluctuations in the prices of raw materials such as aluminum, copper, rubber, thermoset, and thermoplastic materials will likely restrain the US medium voltage cables market. While the rising investment to modernize the infrastructure of power grid technology will create growth opportunities for the US medium voltage cables market. With the rising need for energy and the aging power grid, there is a huge potential for US medium voltage cables market during the foreseeable future.

Market Segmentation
According to MRFR analysis, based on the voltage, the US medium voltage cables market has been segmented into Up to 25kV, 6.3. 26kV-50kV, 6.4. 51kV-75kV, and 6.5. 76kV-100kV. In 2022, the 26kV-50kV segment drove the US medium voltage cables market by holding a 44.73% market share with a market value of USD 2,702.28 million.

Based on product, the US medium voltage cables market has been segmented into termination cables, joints, XLPE cables, and others.

Based on the installation, the US medium voltage cables market has been segmented into underground, submarine, and overhead.

Based on end-users, the US medium voltage cables market has been divided into industrial, commercial, and utility.

Major Players
SACO AEI Polymers, NEXANS NKT A/S, Prysmian Group, Sumitomo Electric Industries, Ltd. Southwire Company, LLC, TPC Wire and Cable, Belden, The Okonite Company, and Hellenic Cables.

Companies Mentioned
SACO AEI Polymers
NEXANS NKT A/S
Prysmian Group
Sumitomo Electric Industries
Ltd. Southwire Company
LLC
TPC Wire and Cable
Belden
The Okonite Company
and Hellenic Cables.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

90 Pages
1 Executive Summary 11
1.1 Market Attractiveness Analysis 13
1.1.1 Us Medium Voltage Cables Market, By Voltage 13
1.1.2 Us Medium Voltage Cables Market, By Product 14
1.1.3 Us Medium Voltage Cables Market, By Installation 15
1.1.4 Us Medium Voltage Cables Market, By End-user 16
2 Market Introduction 17
2.1 Definition 17
2.2 Scope Of The Study 17
2.3 Research Objective 17
2.4 Market Structure 18
3 Research Methodology 19
3.1 Research Process 19
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 21
3.5 Top-down & Bottom-up Approach 22
3.6 Forecast Model 23
3.7 List Of Assumptions 24
4 Market Dynamics 25
4.1 Overview 25
4.2 Drivers 26
4.2.1 Favorable Government Initiatives And Policies Along With Rising Investments In Clean Energy 26
4.2.2 Rising Energy Demand In Us Is Flourishing The Medium Voltage Cables Market 27
4.3 Restraints 29
4.3.1 Fluctuations In The Prices Of Raw Materials 29
4.4 Opportunities 30
4.4.1 Rising Investment To Modernise The Infrastructure Of Power Grid Technology 30
4.5 Impact Analysis Of Covid-19 31
4.5.1 Impact On Overall Industry 31
4.5.2 Economic Impact 31
4.5.3 Impact On The Supply Chain Of The Us Medium Voltage Cables Market 32
4.5.3.1 Price Variation Of Key Raw Materials 32
4.5.3.2 Production Shutdown 32
4.5.3.3 Cash Flow Constraints 32
4.5.3.4 Impact On Import/Export 32
4.5.4 Impact On Market Demand For Medium Voltage Cables 32
4.5.4.1 Impact Due To Restrictions/Lockdown 32
4.5.4.2 Consumer Sentiments 33
4.5.5 Impact On Pricing Of Us Medium Voltage Cables Market 33
5 Market Factor Analysis 34
5.1 Supply Chain Analysis 34
5.1.1 Research & Development 35
5.1.2 Raw Material & Component Supply 35
5.1.3 Manufacturing & Assembly 35
5.1.4 Sales & Distribution 35
5.1.5 End Users 36
5.2 Porter's Five Forces Model 36
5.2.1 Threat Of New Entrants 37
5.2.2 Bargaining Power Of Suppliers 37
5.2.3 Threat Of Substitutes 37
5.2.4 Bargaining Power Of Buyers 37
5.2.5 Intensity Of Rivalry 38
6 Us Medium Voltage Cables Market, By Voltage 39
6.1 Introduction 39
6.2 Upto 25kv Error! Bookmark Not Defined.
6.3 26kv-50kv Error! Bookmark Not Defined.
6.4 51kv-75kv Error! Bookmark Not Defined.
6.5 76kv – 100kv Error! Bookmark Not Defined.
7 Us Medium Voltage Cables Market, By Installation 41
7.1 Introduction 41
7.2 Underground 42
7.3 Submarine 42
7.4 Overhead 42
8 Us Medium Voltage Cables Market, By End User 43
8.1 Introduction 43
8.2 Industrial 44
8.3 Commercial 44
8.4 Utility 44
9 Us Medium Voltage Cables Market, By Product 45
9.1 Introduction 45
9.2 Termination Cables 46
9.3 Joints 46
9.4 Xlpe Cables 46
9.5 Others 46
10 Competitive Landscape 47
10.1 Introduction 47
10.2 Competitive Dashboard 47
10.3 Major Growth Stratergy In Market 47
10.4 Competitive Benchmarking 49
10.5 Market Share Analysis 50
10.6 Leading Player In Terms Of Number Of Developments In Us Medium Volatage Cables Market 50
10.7 Recent Developments And Growth Strategy 51
11 Company Profiles 54
11.1 Saco Aei Polymers 54
11.1.1 Company Overview 54
11.1.2 Financial Overview 54
11.1.3 Products Offered 54
11.1.4 Key Developments 54
11.1.5 Swot Analysis 55
11.1.6 Key Strategies 55
11.2 Nexans 56
11.2.1 Company Overview 56
11.2.2 Financial Overview 57
11.2.3 Products Offered 58
11.2.4 Key Developments 59
11.2.5 Swot Analysis 60
11.2.6 Key Strategies 61
11.3 Nkt A/S 62
11.3.1 Company Overview 62
11.3.2 Financial Overview 63
11.3.3 Products Offered 63
11.3.4 Key Developments 64
11.3.5 Swot Analysis 65
11.3.6 Key Strategies 65
11.4 Prysmian Group 66
11.4.1 Company Overview 66
11.4.2 Financial Overview 66
11.4.3 Products/Services Offered 67
11.4.4 Key Developments 68
11.4.5 Swot Analysis 68
11.4.6 Key Strategies 69
11.5 Sumitomo Electric Industries, Ltd. 70
11.5.1 Company Overview 70
11.5.2 Financial Overview 70
11.5.3 Products Offered 72
11.5.4 Key Developments 72
11.5.5 Swot Analysis 72
11.5.6 Key Strategies 73
11.6 Southwire Company, Llc. 74
11.6.1 Company Overview 74
11.6.2 Financial Overview 74
11.6.3 Products Offered 74
11.6.4 Key Developments 75
11.6.5 Swot Analysis 76
11.6.6 Key Strategies 76
11.7 Tpc Wire & Cable 77
11.7.1 Company Overview 77
11.7.2 Financial Overview 77
11.7.3 Products Offered 77
11.7.4 Key Developments 78
11.7.5 Swot Analysis 78
11.7.6 Key Strategies 79
11.8 Belden Inc. 80
11.8.1 Company Overview 80
11.8.2 Financial Overview 80
11.8.3 Products Offered 81
11.8.4 Key Developments 81
11.8.5 Swot Analysis 82
11.8.6 Key Strategies 82
11.8.7 Company Overview 83
11.8.8 Financial Overview 83
11.8.9 Products/Services Offered 83
11.8.10 Key Developments 84
11.8.11 Swot Analysis 85
11.8.12 Key Strategies 85
11.9 Hellenic Cables 86
11.9.1 Company Overview 86
11.9.2 Financial Overview 86
11.9.3 Products Offered 87
11.9.4 Key Developments 87
11.9.5 Swot Analysis 87
11.9.6 Key Strategies 88
12 Appendix 89
12.1 References 89
12.2 Related Reports 89
List Of Tables
Table 1 List Of Assumptions 24
Table 2 Us Medium Voltage Cables Market, By Voltage, 2019–2030 (Usd Million) 39
Table 3 Us Medium Voltage Cables Market, By Installation, 2019–2030 (Usd Million) 41
Table 4 Us Medium Voltage Cables Market, By End User, 2019–2030 (Usd Million) 43
Table 5 Us Medium Voltage Cables Market, By Product, 2019–2030 (Usd Million) 45
Table 6 Leading Player In Terms Of Number Of Developments In Us Medium Volatage Cables Market 50
Table 7 Key Developments & Growth Strategies 51
Table 8 Saco Aei Polymers: Products Offered 54
Table 9 Nexans: Products Offered 58
Table 10 Nexans: Key Developments 59
Table 11 Nkt A/S: Products Offered 63
Table 12 Nkt A/S: Key Developments 64
Table 13 Prysmian Group: Products Offered 67
Table 14 Prysmian Group: Key Developments 68
Table 15 Sumitomo Electric Industries, Ltd.: Products Offered 72
Table 16 Southwire Company, Llc: Products Offered 74
Table 17 Southwire Company, Llc: Key Developments 75
Table 18 Tpc Wire & Cable: Products Offered 77
Table 19 Tpc Wire & Cable: Key Developments 78
Table 20 Belden Inc.: Products Offered 81
Table 21 Belden Inc.: Key Developments 81
Table 22 The Oknite Company: Products Offered 83
Table 23 The Oknite Company: Key Developments 84
Table 24 Hellenic Cables: Products Offered 87
List Of Figures
Figure 1 Market Synopsis 12
Figure 2 Us Medium Voltage Cables Market Analysis, By Voltage (Usd Million) 13
Figure 3 Us Medium Voltage Cables Market Analysis, By Product (Usd Million) 14
Figure 4 Us Medium Voltage Cables Market Analysis, By Installation (Usd Million) 15
Figure 5 Us Medium Voltage Cables Market Analysis, By End-user (Usd Million) 16
Figure 6 Us Medium Voltage Cables Market: Market Structure 18
Figure 7 Research Process Of Mrfr 19
Figure 8 Market Dynamics: Us Medium Voltage Cables Market 25
Figure 9 Us Clean Energy Generation Capacity, By Type (Million Kilowatts) In 2021 27
Figure 10 Us Energy Consumption By End-use Industry In 2021 28
Figure 11 Drivers: Impact Analysis 28
Figure 12 Aluminium Price, January 2022- March 2023 (Usd/Metric Ton) And Monthly Change (%) 29
Figure 13 Copper Price, 2015 – 2023, Annual Change (%) 29
Figure 14 Restraints: Impact Analysis 30
Figure 15 Supply Chain Analysis: Us Medium Voltage Cables Market 34
Figure 16 Porter's Five Forces Analysis: Us Medium Voltage Cables Market 36
Figure 17 Us Medium Voltage Cables Market, By Voltage, 2019–2030 (Usd Million) 39
Figure 18 Us Medium Voltage Cables Market, By Installation, 2019–2030 (Usd Million) 41
Figure 19 Us Medium Voltage Cables Market, By End User, 2019–2030 (Usd Million) 43
Figure 20 Us Medium Voltage Cables Market, By Product, 2019–2030 (Usd Million) 45
Figure 21 Competitive Dashboard 47
Figure 22 Major Growth Strategies 48
Figure 23 Competitive Benchmarking 49
Figure 24 Market Share Analysis, 2021 50
Figure 25 Saco Aei Polymers: Swot Analysis 55
Figure 26 Nexans: Financial Overview Snapshot 57
Figure 27 Nexans: Swot Analysis 60
Figure 28 Nkt A/S: Swot Analysis 65
Figure 29 Prysmian Group: Financial Overview Snapshot 66
Figure 30 Prysmian Group: Swot Analysis 68
Figure 31 Sumitomo Electric Industries, Ltd.: Financial Overview Snapshot 70
Figure 32 Sumitomo Electric Industries, Ltd.: Swot Analysis 72
Figure 33 Southwire Company, Llc: Swot Analysis 76
Figure 34 Tpc Wire & Cable: Swot Analysis 78
Figure 35 Belden Inc.: Financial Overview Snapshot 80
Figure 36 Belden Inc.: Swot Analysis 82
Figure 37 The Oknite Company: Swot Analysis 85
Figure 38 Hellenic Cables: Financial Overview Snapshot 86
Figure 39 Hellenic Cables: Swot Analysis 87

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