North America Power and Control Cable Market - By Product, By Voltage, By Application, Analysis, Share, Growth Forecast 2025 – 2034

North America Power and Control Cable Market Size

North America power and control cable market size was anticipated at USD 29.3 billion in 2024 and is expected to witness a CAGR of 6.6% from 2024 to 2034. The North American power and control cable market is experiencing steady growth driven by the rising demand for reliable energy transmission and advanced automation technologies across industries.
 

The expansion of renewable energy projects, including wind and solar farms, has created a need for durable and efficient cable solutions. Additionally, the modernization of aging grid infrastructure in the region is further bolstering market demand. As industries increasingly prioritize energy efficiency and system reliability, power and control cables are becoming essential components of both traditional and renewable energy systems, contributing to the market’s robust growth trajectory.
 

Advancements in cable technology are also shaping market dynamics. Manufacturers are focusing on developing cables with enhanced performance characteristics, such as higher thermal stability, resistance to environmental factors, and improved safety features. Innovations like smart cables, capable of monitoring system performance and detecting faults, are gaining traction.
 

North America Power and Control Cable Market Trends

The industrial sector plays a significant role in driving the power and control cable market in North America. Industries such as manufacturing, oil and gas, and mining require robust cabling solutions to support heavy machinery and automated processes. The growing adoption of industrial automation and the Industrial Internet of Things (IIoT) has further accelerated the demand for control cables. These cables ensure seamless data transmission and system control, enabling efficient operation and reducing downtime in critical industrial applications. Infrastructure development is another key factor propelling the North American market. Significant investments in residential, commercial, and public infrastructure projects have heightened the demand for power cables. Government initiatives aimed at upgrading urban infrastructure and expanding rural electrification are also contributing to market growth.
 

North America Power and Control Cable Market Analysis

Based on product, the market is segmented into power cable and control cable. The power cable is set to reach a value of over USD 47.3 billion through 2034. The North American power cable market is driven by growing energy demand, infrastructure modernization, and renewable energy expansion. Investments in grid upgrades, smart grid technology, and rural electrification are boosting the adoption of advanced power cables. The rise of renewable energy projects, particularly wind and solar, has increased the need for efficient and durable cables to connect generation sites to grids.
 

The North America power and control cable market is classified by application into utilities and industries, with the utilities segment expected to expand at a CAGR of more than 6.2% through 2034. The utilities segment in the North American power and control cable market is driven by the growing need to modernize aging grid infrastructure and improve energy reliability. Increasing investments in renewable energy projects, such as wind and solar farms, require efficient cable systems for power generation and transmission. Expanding rural electrification and urban grid upgrades are also contributing to demand
 

U.S. power and control cable market is projected to exceed USD 38.8 billion by 2034. The U.S. power and control cable market is expanding due to increased investments in energy infrastructure and renewable energy projects. Modernizing the aging power grid and integrating smart grid technologies are key drivers of demand. Renewable energy initiatives, such as solar and wind farms, require advanced cabling solutions for efficient energy transmission.
 

The Asia Pacific power and control cable market is witnessing robust growth due to rapid industrialization, urbanization, and increasing energy demand. Expanding infrastructure projects, particularly in developing nations, drive the need for reliable power transmission solutions. Significant investments in renewable energy, such as solar and wind projects, further boost the market. The adoption of industrial automation and smart grid technologies is fueling demand for advanced control cables.
 

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
   

North America Power and Control Cable Industry News:

• In March 2024, Prysmian Group secured a contract with AP&T Company to supply, test, and install two submarine cable links in Southeast Alaska. The SEALink project aims to enhance connectivity in the region by extending broadband access to underserved rural communities. The initiative involves the deployment of a 214-mile submarine fiber optic cable connecting Juneau to Prince of Wales Island.
   

North America power and control cable market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Product, 2021 – 2034 (USD Million)

• Power Cable
• Control Cable

Market, By Voltage, 2021 – 2034 (USD Million)

• Low Voltage
  • LV Power Cable
  • LV Control Cable 
• Medium Voltage
• High Voltage

Market, By Application, 2021 – 2034 (USD Million)

• Utilities
• Industries
  • Power Plants
  • Oil & Gas
  • Cement
  • Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico