The U.S. Wires and Cables Market Size, Industry Report, 2030 GVR Report cover Report ID: GVR-4-68040-221-0, which spans 117 pages, provides a comprehensive analysis of the industry. The report covers the historical range from 2017 to 2023 and forecasts the period from 2025 to 2030. The report focuses on the technology industry, specifically the U.S. wires and cables market.
In 2024, the U.S. wires and cables market was valued at USD 31.93 billion. The market is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2030. The increasing popularity of renewable energy sources such as solar and wind power has necessitated the use of specialized cables. These cables are designed for efficient long-distance electricity transmission from remote installations to high-demand urban areas. They are engineered to minimize energy losses and ensure reliable power delivery, supporting the sustainable and widespread adoption of clean energy.
Emerging technologies like 5G and the Internet of Things are creating a need for faster and more reliable data transmission, thereby driving demand for enhanced types of cables. The market is expected to witness a significant rise in copper cables, which are extensively used in residential and commercial building wiring, especially in electrical systems. The growth of the construction industry, driven by factors such as population growth, urbanization, and economic development, is a significant driver for the demand for copper cables in the U.S. wires and cables market. As the construction sector continues to thrive, the need for reliable and efficient copper cables to power buildings and infrastructure is expected to rise, further contributing to the overall growth of the industry.
Several prominent companies operating in the U.S. market, including Siemon, Hitachi, Ltd., Belden, Inc., and MaxLinear, have strengthened their strategies to maintain a competitive edge. These companies are expected to pursue a combination of organic and inorganic growth initiatives to reinforce their market positioning within the regional landscape. For instance, in February 2024, MaxLinear launched a new toolset Product Design Kit (PDK) designed to improve performance and speed up the development of high-performance cables. This PDK serves as a cost-effective and time-efficient tool for cable manufacturers seeking to rapidly integrate Keystone into their AECs, thereby gaining a competitive edge over rival solutions in terms of both power consumption and cable reach.
Copper cables led the market in terms of cable type insights.
