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North America Power and Control Cable Market Share
Prysmian Group holds a significant position in the North American power and control cable market, renowned for its extensive expertise in designing and manufacturing a wide range of cable solutions, including power and control cables. With a longstanding history in the cabling industry, the company has provided innovative cable solutions for numerous applications across diverse industries and utilities.
North America Power and Control Cable Market Companies
Some of the key market players operating across the North America power and control cable industry are:
- Belden
- Bergen Cable Technology
- Ducab
- Encore Wire Corporation
- Furukawa Electric
- KEC International
- Klaus Faber
- LS Cable & System
- Marmon Holdings
- Nexans
- NKT
- Prysmian Group
- Southwire Company
- Sumitomo Electric Industries
- TPC Wire & Cable
- The Okonite Company
How big is the North America power and control cable market?
The North America power and control cable industry is projected to reach USD 29.3 billion in 2024 and grow at a CAGR of 6.6% from 2024 to 2034, driven by increasing demand for reliable energy transmission and advanced automation technologies.
What is the expected value of the power cable segment by 2034?
The power cable segment in North America is expected to surpass USD 47.3 billion by 2034, supported by growing energy demand, infrastructure modernization, and renewable energy expansion.
Who are some of the prominent players in the North America power and control cable industry?
Key players in the market include Belden, Bergen Cable Technology, Ducab, Encore Wire Corporation, Furukawa Electric, KEC International, Klaus Faber, LS Cable & System, Marmon Holdings, Nexans, and NKT.
Why is the utilities segment growing in the North America power and control cable market?
The utilities segment is anticipated to grow at a CAGR of over 6.2% through 2034, driven by the need to modernize aging grid infrastructure and enhance energy reliability.