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News - Full Story Americas Cables Market Worth $10.9 Billion by 2029 - Exclusive Report by MarketsandMarkets™

CHICAGO, March 28, 2024 /PRNewswire/ -- Americas Cables Market is expected to reach USD 10.9 billion by 2029 from USD 8.7 billion in 2024 at a CAGR of 4.5% during the forecast period according to a new report by MarketsandMarkets™. The Americas Cables Market is seeing strong expansion, driven by a variety of segments. The insulation and polymer types such as HEPR, EPR/EPDM, XLPE, and semiconducting polymer guarantee improved cable performance, safety, and dependability at various voltage levels. In order to address the increasing need for power distribution and communication networks, low-voltage cables serve both the residential and commercial sectors. Using these cables-underground or underwater-ensures effective and dependable transmission, assisting with the development of infrastructure and renewable energy initiatives. Additionally, the integration of renewable energy sources, grid modernization, and industrial growth are driving up demand for cables, including those rated up to 138 kV. The demand for innovative cable solutions is being driven by the industrial, commercial, and renewable energy sectors, which are important end-users that support economic growth, sustainability, and energy transition activities in the Americas.

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Browse in-depth TOC on "Americas Cables Market"

150 - Tables
60 - Figures
300 - Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237844224

Americas Cables Market Scope:

Report Coverage

Details

Market Revenue in 2024

$8.7 billion

Estimated Value by 2029

$10.9 billion

Growth Rate

Poised to Grow at a CAGR of 4.5%

Largest Market

North America

Market Size Available for

2022-2029

Forecast Period

2024-2029

Forecast Units

Value (USD)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Polymer and Insulation type, Semiconducting Layer, Voltage rating, Application, End User and Region

Geographies Covered

North America, South America, and Central America

Key Market Opportunities

Strong focus on increasing power generation capacity

Key Market Drivers

Integration of renewable energy sources into industrial facilities to reduce carbon footprint

Up to 5 kV, by voltage, is expected to be the fastest-growing segment during the forecast period.

Based on voltage, the Americas Cables Market has been split into up to 5 kV, 5-8 kV, 8-15 kV, 15-35 kV, 35-46 kV, 69 kV, 115 kV, and 138 kV. The up to 5 kV cables are versatile, and used in both power distribution and specific industrial applications. They are suitable for energy supply in commercial buildings, industrial plants, and infrastructure projects, where moderate voltage and power are required. Additionally, compared to higher voltage cables, up to 5 kV cables are more cost-effective in terms of installation, maintenance, and operation. This makes them a preferred choice for projects with budget constraints that still require reliable power distribution.

The outer semiconducting layer segment, by semiconducting layer, is expected to be the second-fastest segment during the forecast period.

This report segments the Americas Cables Market based on the semiconducting layer into the inner semiconducting layer and outer semiconducting layer. Improved cable performance and safety are the primary drivers of market growth for the outer semiconducting layer in the semiconducting layer segment of the Americas Cables Market. By ensuring a consistent distribution of the electric field, this layer lowers the chance of insulation failure and electrical stress concentrations. It fits the strict criteria of industries like energy, telecommunications, and transportation by enhancing cable longevity and dependability, which greatly contributes to the rising need for sophisticated cable solutions in the area.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=237844224

South America is expected to be the second largest region in the Americas Cables Industry.

South America's growing infrastructure spending, urbanization, and industrialization drive the growth of the Americas Cables Market. The demand for cutting-edge cable solutions is fueled by the region's emphasis on renewable energy projects, such as wind and solar farms. Market expansion is also aided by growing business sectors and the requirement for dependable electricity delivery in densely populated areas. The need for high-performance cables is fueled by modernization efforts and South America's changing energy landscape, which promotes the region's economic growth.

Key Players

Some of the major players in the Americas Cables Companies are Prysmian Group (Italy), Southwire Company, LLC (US), Nexans (France), LS Cable & System Ltd (South Korea) and NKT a/s (Denmark). The major strategies adopted by these players include sales contracts and agreements.

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Related Reports:

Submarine Power Cable Market by Core Type (Single-core, Multi-core), Voltage (Medium, High), Conductor Material (Copper, Aluminium), End Use (Offshore Wind, Inter-Country & Island Connection, Offshore Oil & Gas), Type and Region - Global Forecast to 2028

High Voltage Cables and Accessories Market by Product Type (Cables (XLPE, EPR, HEPR, MI), Accessories (Joints, Termination, Fittings & Fixtures), Conductor Type (Aluminum, Copper), Installation, Voltage, End User & Region - Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/americas-cables-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/americas-cables.asp

Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

Cision src=https://c212.net/c/img/favicon.png?sn=IO73443&sd=2024-03-28 View original content:https://www.prnewswire.com/news-releases/americas-cables-market-worth-10-9-billion-by-2029---exclusive-report-by-marketsandmarkets-302102264.html

SOURCE MarketsandMarkets

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