Why is the demand for < 110 kV HVAC cables growing in North America?

The regional demand for Read More

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North America HVAC Cables Market Size

Report ID: GMI4700
Published Date: May 2022
Report Format: PDF

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North America HVAC Cables Market Size

North America HVAC Cables Market size valued at around USD 950 million in 2021 and is anticipated to cross an annual installation of 120 km by 2030. Increasing demand for outsourced service providers along with replacement of aging as well as inadequate transmission infrastructure will foster the industry growth

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The ongoing technological advancements has further incorporated low power losses, high durability and improved product life cycle which will positively sway the overall industry scenario. Moreover, increasing deployment of the offshore wind farms coupled with rising interstate power transmission connections will drive the market demand.

North America HVAC Cables Market Report Attributes
Report Attribute	Details
Base Year:	2021
North America HVAC Cables Market Size in 2021:	950 Million (USD)
Forecast Period:	2022 to 2030
2030 Value Projection:	130 Million (USD)
Historical Data for:	2018 to 2021
No. of Pages:	100
Tables, Charts & Figures:	103
Segments covered:	Voltage, Installation
Growth Drivers:	Stringent energy efficiency reforms Expansion of smart grid networks Refurbishment & retrofit of existing grid infrastructure
Pitfalls & Challenges:	High dependency on imports

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Authors: Ankit Gupta, Shubhankar Dimri

Frequently Asked Questions (FAQ) :

The HVAC cables industry share in North America had crossed USD 950 million in 2021 and is set to exceed 120 km in annual installation by 2030 with surging demand for replacement of aging and inadequate transmission infrastructure.

The regional demand for < 110 kV capacity HVAC cables will expand through 2030 due to expansion of large-scale commercial establishments and the increasing investment toward micro grid development.

U.S. HVAC cables industry size exceeded USD 950 million with the higher expenditure toward enhancement of short and medium route transmission networks and the rising deployment of advanced power networks.

Sumitomo, ZTT, Prysmian Group, Nexans, NKT, Southwire, Valard Construction, Elsewedy Electric, KEC International Ltd. and Furukawa are some of the well-known HVAC cable manufacturers and suppliers in the region.