Press release
North America Wire and Cable Market Poised to Hit US$ 44.6 Billion by 2032, Reveals Persistence Market Research
North America Wire and Cable Market
The North America wire and cable market is on a steady upward trajectory, with its size projected to grow from US$ 30.5 billion in 2025 to US$ 44.6 billion by 2032, registering a CAGR of 5.6% over the forecast period. This robust expansion is underpinned by rising demand for uninterrupted internet and electricity connectivity across households, coupled with substantial investments in renewable energy and modern infrastructure.
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Key growth drivers include the increasing adoption of energy-efficient building codes, expansion of high-speed telecom networks, and the shift toward distributed renewable energy sources. Additionally, large-scale infrastructure renewal initiatives in both the United States and Canada are catalyzing demand for high-performance cables in power transmission, industrial automation, and data connectivity.
The construction sector leads the market, accounting for 39.7% of the share in 2025, driven by strict safety regulations and growing residential development. Geographically, the United States dominates with 46.3% share in 2025, fueled by renewable energy projects, smart grid upgrades, and adoption of eco-friendly cable solutions to meet stringent building and environmental codes.
✨ Key Highlights from the Report
✦ The U.S. will account for 46.3% market share in 2025, driven by renewable energy and grid modernization.
✦ Construction will lead with 39.7% share in 2025 due to stricter energy-efficient and fire-resistant cable mandates.
✦ Power cables will hold 26.3% share in 2025, backed by renewable energy integration into urban grids.
✦ Transition from copper to aluminum cables in certain applications is gaining traction for cost efficiency.
✦ High-performance cables are being developed for aerospace and defense applications.
✦ Submarine infrastructure investment is growing to meet rising data transmission needs.
🧩 Market Segmentation
The North America wire and cable market can be segmented by cable type and industry:
🔌 By Cable Type:
The market includes low voltage energy cables, power cables, fiber optic cables, and signal & control cables. Power cables are projected to maintain the highest share (26.3% in 2025), driven by renewable energy integration. Fiber optic cables are witnessing increasing adoption for high-speed data networks, while signal and control cables are gaining traction with industrial automation expansion.
🏗 By Industry:
Key end-use sectors include construction, telecommunications, and power infrastructure. Construction dominates due to the essential role of cables in building electrical systems, security, and communication. Telecommunications is set for steady growth, fueled by the rollout of 5G infrastructure and the demand for low-latency networks. Power infrastructure is evolving with high-voltage cable installations to support renewable projects and grid modernization.
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🌍 Regional Insights
The United States remains the largest market, contributing nearly half of regional revenue. Federal initiatives like the Infrastructure Investment and Jobs Act are boosting investments in smart grids, renewable power plants, and broadband expansion. The push for carbon-free electricity by 2035 is spurring high-voltage cable demand.
In Canada, growth is driven by renewable energy exports, digital transformation, and the expansion of dark fiber networks. Projects like the NATO-L subsea cable underscore Canada's role in clean energy transmission. Additionally, sustainability is in focus, with manufacturers increasing recycled copper usage in cable production.
⚡ Market Drivers
📈 Infrastructure Renewal and Renewable Energy Shift
Governments across North America are channeling significant investments into upgrading aging infrastructure and transitioning to clean energy. Massive renewable projects like offshore wind farms and solar plants require advanced power transmission and distribution networks. This trend is accelerating demand for high-voltage, submarine, and specialty cables.
🚧 Market Restraints
📉 Copper Price Volatility
The market faces cost uncertainties due to fluctuating copper prices-driven by supply chain disruptions, geopolitical tensions, and speculative trading. This volatility impacts budgeting for large-scale projects, leading to delays and cautious procurement.
🌟 Market Opportunities
💡 Boom in Offshore Wind Energy
The U.S. Department of Energy's target to install 30 GW of offshore wind by 2030 is a major growth opportunity. Such projects require vast amounts of high-voltage subsea cables, opening avenues for manufacturers specializing in marine-grade, high-capacity cable systems.
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❓ Frequently Asked Questions (FAQs)
How Big is the North America Wire and Cable Market in 2025?
Who are the Key Players in the North America Wire and Cable Market?
What is the Projected Growth Rate of the North America Wire and Cable Market?
What is the Market Forecast for North America Wire and Cable Market through 2032?
Which Region is Estimated to Dominate the Industry during the Forecast Period?
🏢 Company Insights
• CommScope Holding Company Inc.
• Lapp Tannehill
• Dacon Systems Inc.
• Southwire Company LLC
• American Wire Group
• Daburn Electronics & Cable and Polytron Devices
• Amercable Incorporated (Nexans)
• Aba Industry Inc. (Wonderful Hi-tech Company)
• New England Wire Technologies
• Micro-tek Corporation
• TE Connectivity
• Belden Incorporated
• Corning Incorporated
• Prysmian Group
• Amphenol Corporation
• EIS Wire and Cable
• Leoni AG
• Fujikura Ltd.
• Furukawa Electric Co. Ltd.
• Encore Wire
• Coherent Corporation
Recent Developments:
January 2025: Amazon announced a subsea cable project linking Ireland to the U.S., enhancing transatlantic connectivity.
January 2025: Mox acquired spectrum from Google to strengthen its fiber optic network along the Topaz subsea route.
🏁 Conclusion
The North America wire and cable market is entering a transformative decade, powered by the dual momentum of renewable energy adoption and advanced connectivity needs. With the U.S. and Canada making large-scale infrastructure commitments, the industry is poised for consistent growth. Opportunities in offshore wind, smart grids, and high-speed telecommunications will define the market's future, while challenges such as raw material price volatility will demand strategic agility from manufacturers. Companies that innovate in sustainability, high-performance solutions, and regional partnerships will be best positioned to capture the market's expanding potential.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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