North America Medium Voltage Cable and Accessories Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Installation (Overhead and Underground), Product (Cables and Accessories), Voltage (6 to

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.

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