North America Wire and Cable Market Forecast to 2032, Robust Growth Expected with 5.6% CAGR Driven by Infrastructure Development and Technological Advancements

The North America wire and cable market is witnessing robust growth, driven by a combination of infrastructure modernization, increasing renewable energy projects, and rising internet connectivity needs. The market, valued at US$ 30.5 billion in 2025, is projected to reach US$ 44.6 billion by 2032, expanding at a CAGR of 5.6% during the forecast period (2025-2032). This dynamic growth reflects North America's deepening reliance on advanced wiring infrastructure, both for powering homes and connecting the digital economy.

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Key drivers behind this surge include the demand for uninterrupted electricity and internet access, paired with massive investments in clean energy, smart grids, and 5G infrastructure. The construction industry, leading with a projected 39.7% market share in 2025, is one of the largest consumers due to the need for fire-resistant and energy-efficient cabling. Geographically, the United States dominates the landscape, expected to account for 46.3% of the regional share in 2025, fueled by heavy investment under the Infrastructure Investment and Jobs Act, a strategic pivot to clean energy, and stringent safety regulations.

✦ Key Highlights from the Report

✦ The North America wire and cable market is forecasted to grow from US$ 30.5 Bn in 2025 to US$ 44.6 Bn by 2032.
✦ Power cables are expected to dominate the market, holding 26.3% of the share in 2025.
✦ The U.S. will remain the top market contributor, accounting for 46.3% of the market share in 2025.
✦ The construction sector is projected to generate nearly 39.7% of total demand in 2025.
✦ Shift from copper to aluminum cables in low-load applications is an emerging trend for cost savings.
✦ Increasing demand for high-performance cables in aerospace and defense sectors is influencing product innovation.

Market Segmentation

The North America wire and cable market is segmented based on cable type and end-use industry.

Cable Type
The market features several product categories such as low voltage energy cables, power cables, fiber optic cables, and signal and control cables. Power cables dominate due to their critical application in electricity transmission and renewable energy systems. The increasing shift from fossil fuels to wind and solar power requires medium- and high-voltage cables capable of transmitting electricity from remote locations to urban areas. This trend is fostering the widespread use of robust, weather-resistant power cables.

Signal and control cables are poised for considerable growth as industries embrace automation and digitalization. The demand for interference-resistant cables is rising in sectors like automotive, oil & gas, and logistics, where high-performance cables are essential for machine-to-machine communication and safety-critical systems. These cables are built to withstand harsh conditions and electromagnetic interference, positioning them as crucial components in industrial modernization.

End-Use Industry
The wire and cable market by industry includes construction, telecommunications, and power infrastructure. Among these, the construction segment is set to lead, accounting for nearly 40% of the market in 2025. Demand is driven by expanding urbanization, updated building codes mandating energy efficiency, and a growing number of residential and commercial projects. Enhanced safety standards are also encouraging the adoption of low-smoke, halogen-free wiring solutions.

Telecommunications is another high-growth sector, fueled by the ongoing rollout of 5G and fiber broadband networks. Major telecom players are investing in the dense fiber optic infrastructure required to support high-speed, low-latency connectivity. As content streaming, cloud computing, and remote working continue to proliferate, telecom companies are significantly contributing to market demand.

Regional Insights

United States
The United States is the largest market for wires and cables in North America, projected to hold 46.3% of the market share in 2025. Several initiatives are driving growth, including the Infrastructure Investment and Jobs Act, which funds upgrades to power grids, transportation, and broadband networks. Moreover, the push for 100% carbon-free electricity by 2035 is accelerating the development of wind and solar projects, all of which require advanced cable infrastructure. Regulations like the NFPA 70 (National Electrical Code) are compelling builders to adopt safer, eco-friendly cabling solutions, leading to a shift toward halogen-free and low-smoke cables.

Key players such as Prysmian Group and Southwire are investing in expanding their production of green-certified cables. These firms aim to meet the rising demand for durable, compliant cables across construction, power, and industrial sectors.

Canada
Canada is also witnessing robust growth in its wire and cable sector, spurred by a strong renewable energy agenda. Projects like the NATO-L subsea cable - which aims to transport 6 GW of renewable energy from Canada to the U.K. - underscore the country's growing export capabilities. Such megaprojects are driving demand for high-capacity subsea cables.

The country is simultaneously undergoing a digital transformation, with data centers and cloud service providers rapidly expanding their footprints. The demand for fiber optic cables is poised to rise accordingly. Additionally, environmental awareness is shaping product development, with manufacturers incorporating recycled copper into their offerings to enhance sustainability credentials.

Market Drivers

Infrastructure renewal and clean energy transitions are primary drivers of the North America wire and cable market. The United States and Canada have announced massive infrastructure upgrade programs targeting transportation, communication, and energy sectors. These initiatives necessitate substantial investments in new and replacement cabling. Simultaneously, the pivot toward renewable energy - such as solar farms, wind turbines, and hydroelectric stations - is propelling demand for high-performance transmission and distribution cables. Projects like the Champlain Hudson Power Express and Vineyard Wind 1 highlight the increasing deployment of submarine and high-voltage cables, further strengthening market growth.

Market Restraints

Despite the optimistic outlook, volatile copper prices are posing a significant challenge for cable manufacturers. Copper, being a core material for most types of cables, experiences frequent price fluctuations due to geopolitical tensions, speculative trading, and supply disruptions. This volatility makes it difficult for manufacturers to forecast costs, manage budgets, and finalize long-term contracts. Recent spikes in copper prices, reaching around US$ 9,400 per metric ton in early 2024, have caused delays in infrastructure projects across the Midwest U.S. and Alberta, leading to a more conservative procurement approach by contractors.

Market Opportunities

The offshore wind energy sector in North America presents a golden opportunity for wire and cable providers. The U.S. Department of Energy's ambitious target to deploy 30 GW of offshore wind by 2030 is expected to generate immense demand for subsea and export cables. Projects like Vineyard Wind 1, which will provide 800 MW of clean energy, are already in the works. Companies such as Nexans are ramping up their production capacity and expanding their U.S. footprint to cater to this rapidly growing segment. As the continent moves toward energy independence, the demand for complex and reliable cabling systems will continue to rise.

✔ Reasons to Buy the Report

✔ Gain a comprehensive understanding of current and future market dynamics.
✔ Identify key investment opportunities in high-growth application areas.
✔ Analyze competitive landscape with insights into key players and strategies.
✔ Access detailed segmentation analysis by cable type, industry, and region.
✔ Stay ahead of technological trends shaping the North America wire and cable industry.

🏢 Company Insights

• Prysmian Group
• Southwire Company LLC
• Nexans S.A.
• General Cable Technologies Corporation
• LS Cable & System Ltd.
• Belden Inc.
• TPC Wire & Cable Corp.
• Encore Wire Corporation
• Superior Essex Inc.
• CommScope Inc.

Recent Developments:

• In April 2024, Prysmian Group announced a US$ 100 million investment to expand its manufacturing facility in North America to support growing demand for fiber optic and power cables.
• In January 2024, Nexans secured a major contract to supply export cables for the Vineyard Wind offshore project, signaling its growing presence in the U.S. renewable sector.

Conclusion

The North America wire and cable market stands at the forefront of an electrified and connected future. As the region doubles down on renewable energy adoption, smart infrastructure upgrades, and telecommunications advancements, demand for robust, safe, and high-capacity cable solutions is surging. The United States and Canada are leading the way, backed by favorable policy shifts and massive investment flows. While challenges like raw material cost volatility remain, emerging opportunities - particularly in offshore wind and 5G deployment - promise long-term growth. Companies that can align their offerings with evolving safety standards, sustainability goals, and digital connectivity requirements are set to thrive in this transformative landscape.

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