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U.S. Distribution Lines Market Size

Report ID: GMI6577
Published Date: Aug 2023
Report Format: PDF

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U.S. Distribution Lines Market Size

U.S. Distribution Lines Market size was valued at USD 1.6 billion in 2023 and is set to exhibit over 2.5% from 2024 to 2032. The industry is experiencing a wide array of trends focused on grid modernization, renewable energy integration, electrification of transportation, microgrid adoption, and the digitization of grid management. These trends are essential for meeting the nation's energy needs, reducing environmental impact, and enhancing grid reliability.

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Digitalization coupled with the adoption of rigorous data analytics for load management are transforming the way distribution lines are managed across the country, in turn adding the industry dynamics. Moreover, increasing adoption & deployment of microgrids to smoothen the electrical distribution with minimal losses is anticipated to complement the business outlook. Microgrids are smaller, localized energy systems that can operate independently or in conjunction with the main grid. They enhance grid resilience and can provide backup power during outages, a critical feature in areas prone to severe weather events, thereby fostering the market growth.

U.S. Distribution Lines Market Report Attributes
Report Attribute	Details
Base Year:	2023
U.S. Distribution Lines Market Size in 2023:	USD 1.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	2.5%
2032 Value Projection:	USD 2 Billion
Historical Data for:	2019 to 2023
No. of Pages:	110
Tables, Charts & Figures:	93
Segments covered:	Voltage, Product, & Country
Growth Drivers:	Refurbishment & retrofit of existing grid infrastructure Growing renewable integration Expansion of micro-grid network
Pitfalls & Challenges:	High capital expenditure

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Aging infrastructure, coupled with the increasing frequency of extreme weather events, has spurred investments in upgrading distribution lines. Utilities are deploying advanced technologies like smart meters and sensors to improve grid monitoring, reduce downtime, and enhance the overall reliability of power distribution. In addition, integration of renewable sources of energy with main electrical grid to fulfill the rising energy needs will fuel the U.S. distribution lines market development.

The push for electrification in transportation is further influencing distribution lines industry in the U.S. Moreover, the growing adoption of electric vehicles (EVs) necessitates infrastructure expansion, including the installation of EV charging stations along distribution networks. This trend aligns with the broader effort to reduce greenhouse gas emissions and promote sustainable transportation, thereby impelling the market scenario.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size for distribution lines in the U.S. reached more than USD 1.6 billion in 2023 and may record over 2.5% CAGR from 2024 to 2032, driven by rapid digitalization coupled with the adoption of rigorous data analytics for load management.

U.S. 11 kV to 33 kV transmission lines market size exceeded USD 774 million in 2022, due to the rising trends of urbanization and industrialization.

Demand for ABC distribution lines in the U.S. is anticipated to witness over 4.1% CAGR from 2023 to 2032, owing to its safety and reliability, along with increasing need for increased electric capacity.

Few of the major distribution lines firms in the U.S. include, Nexans, Siemens Energy, ABB, Prysmian Group, CTC Global Corporation, American Wire Group, Quanta Services, Southwire Company, LLC., Sumitomo Electric Industries, Ltd., and Bekaert.