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The aging infrastructure in the U.S. coupled with the increasing frequency of extreme weather events, has spurred utilities and stakeholders to invest significantly in upgrading and fortifying distribution lines. Increasing concern towards energy security & diversification along with shifting focus toward adoption of transmission & distribution interconnector projects will augment the industry outlook. Ongoing initiatives to channelize energy security & diversification across various economy through interconnector projects that enhance energy security by providing access to diverse energy sources from neighboring regions is anticipated to have a positive impact on the market dynamics. In addition, rigorous government mandates & policies towards grid balancing & flexibility along with rising inclination towards cross-border/state energy trading will complement the U.S. distribution lines market landscape.
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.
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.
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.
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.