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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.
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.
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.
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.
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.