North America Wire and Cable Market Size, Share, and Growth Forecast for 2025 - 2032

North America Wire and Cable Market by Cable Type (Low Voltage Energy, Power Cable, Fiber Optic Cable, Signal and Control Cable), by Industry (Construction, Telecommunications, Power Infrastructure), and Country Analysis for 2025 - 2032

ID: PMRREP35278

May 2025

180 Pages

Author : Sayali Mali

Industrial Automation

Market Dynamics

Driver - Infrastructure renewal initiatives and shift toward renewables

Various large-scale infrastructure renewal initiatives are expected to propel the North America wire and cable market growth through 2032. In Canada, for instance, the Investing in Canada Plan has allocated nearly CAD 180 Mn over 12 years to push upgrades in communication networks, energy grids, and transportation. These projects often require extensive deployment of fiber optics, control cables, and power cables, thereby augmenting demand.

The rapid energy transition toward renewables is further estimated to boost the market. North America is currently experiencing multiple wind farm and solar project developments, where innovative cables such as submarine and high-voltage cables are important. The U.S., for example, added more than 32 GW (gigawatt) of renewable energy capacity in 2023, found the Solar Energy Industries Association. Significant projects, including the Champlain Hudson Power Express, a 339-mile underwater and underground transmission line carrying hydropower from Canada to New York, are also estimated to require next-generation cables.

Restraint - Rising copper prices create cost uncertainty for cable manufacturers

Copper price volatility is anticipated to be a key growth hindering factor in the North America wire and cable market. While copper remains a key raw material in most cables, its price fluctuations have resulted in cost uncertainty for manufacturers. These fluctuations are mainly spurred by supply chain disruptions, speculative trading, and geopolitical tensions.

It has hence caused delays in project approvals and cautious ordering behavior by contractors and utilities. London Metal Exchange (LME) copper prices, for example, peaked near US$ 9,400 per metric ton in early 2024. It led to budget revisions for various large-scale infrastructure projects in Midwest U.S. and parts of Alberta.

Opportunity - Booming offshore wind energy sector in North America

The offshore wind energy sector is predicted to create lucrative opportunities for wires and cables providers in North America. The U.S. Department of Energy, for instance, has set a target of installing 30 GW of offshore wind by 2030. It is a significant goal that is expected to require extensive use of high-voltage subsea cables.

Projects, including Vineyard Wind 1, located off the coast of Massachusetts, are anticipated to generate 800 MW of electricity. Such projects are speculated to create a high demand for specialized export and inter-array cables. Companies such as Nexans have already extended their operations across the U.S. to mainly fulfill the unmet requirements of this emerging segment.

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Category-wise Analysis

Cable Type Insights

In terms of cable type, the market is segregated into low voltage energy, power cable, fiber optic cable, and signal and control cable. Among these, power cables are likely to account for a share of around 26.3% in 2025. These are gaining momentum across North America owing to the constant development of its energy infrastructure. It is particularly evident in the ongoing transition toward renewable energy sources from fossil fuels. Demand for medium- and high-voltage power cables that can transmit electricity to urban grids from remote renewable sites is predicted to rise. It is attributed to the development of solar, wind, and hydroelectric power generation across Canada and the U.S.

Signal and control cables are assessed to witness a decent CAGR from 2025 to 2032. Rapid expansion of industrial automation in sectors, including oil and gas, automotive, logistics, and manufacturing is expected to boost the segment. The demand for interference-free, reliable signal transmission has become high as factories embrace machine vision systems, Programmable Logic Controllers (PLCs), and robotics. These technologies require cables that can easily withstand electromagnetic interference, temperature fluctuations, and mechanical stress, which is augmenting demand.

Industry Insights

Based on Industry, the market is trifurcated into construction, telecommunications, and power infrastructure. Out of these, the construction segment is expected to dominate with a share of nearly 39.7% in 2025, finds Persistence Market Research. Wires and cables are considered the most significant components for manufacturing plants as well as residential and commercial buildings. This is because wires and cables are used to deliver security, voice communications, control, and power to the entire infrastructure. Increasing development of residential buildings in North America due to low mortgage rates and surging demand for cozy living spaces is also expected to propel the segment.

Telecommunications segment, on the other hand, is predicted to see steady growth in the foreseeable future. The ongoing development of 5G infrastructure is poised to be responsible for propelling this segment. Telecom giants, including T-Mobile, AT&T, and Verizon are currently in a rat race to provide the U.S. and Canada with low-latency, high-speed networks. These networks often require dense fiber optic cabling for supporting the superior bandwidth and low latency demands of 5G, further bolstering demand.

North America Wire and cable market insights and key trends

Country Insights

U.S. Wire and Cable Market Trends

The U.S. is speculated to generate approximately 46.3% of the North America wire and cable market share in 2025. The country is currently undergoing a significant transition due to the expansion of renewable energy projects, electrification initiatives, and rising infrastructure investments. Demand for eco-friendly and fire-resistant cables is surging as new building codes and environmental norms become stringent in the country. The National Fire Protection Association (NFPA), for example, recently updated the NFPA 70 (National Electrical Code), raising the focus on sustainability and safety.

Such norms are compelling commercial projects and industries to replace aging wiring systems with halogen-free, low-smoke cables. Companies, including Prysmian Group and Southwire have already extended their production capacities for green-certified cables to cater to the increasing demand from several industries. The U.S. is further aiming for 100% carbon-free electricity by 2035. Hence, the installation of wind and solar energy projects is skyrocketing, thereby driving demand for specialized high-voltage cables for efficient energy transmission.

Canada Wire and Cable Market Trends

Increasing focus of various industries on renewable energy projects is anticipated to spur demand for specialized wiring solutions in Canada. The proposed NATO-L subsea cable, for example, aims to connect the country’s renewable energy sources to the U.K. It plans to transmit six GW of electricity over 2,200 miles. This project highlights Canada’s potential in exporting clean energy and the associated demand for high-capacity cables.

Rapid digital transformation is further expected to create new opportunities for wire and cable manufacturers in Canada. The country’s dark fiber network is estimated to be broadened in the foreseeable future due to the rising reliance on cloud services and increasing number of data centers. With surging desire for high-speed data transmission, demand for fiber optic cables is poised to increase. A few local wire and cable manufacturers have also started using recycled copper in their products to raise the recycled content from 14% to 20%.

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Competitive Landscape

The North America wire and cable market is highly competitive with the presence of several large- and small-scale companies. Renowned companies are focusing on providing superior performance across various applications, including automotive, industrial equipment, power grids, and data centers. Emerging companies are aiming to extend their geographical presence by joining hands with well-established players. A few companies are also investing in the development of subsea cables to strengthen the existing networks.

Key Industry Developments

In January 2025, Amazon announced its plans to deploy a subsea cable linking Ireland to the U.S. The company’s Ireland unit has already filed an application form with the Irish Maritime Area Regulatory Authority. Amazon MCS Ireland Ltd. has also filed for site investigations and a geophysical survey to scrutinize landing point and route options.
In January 2025, Mox, a fiber optic network provider based in California, acquired spectrum from Google. Mox is expected to use its existing network to connect data hubs along the Topaz subsea cable route.
In December 2024, Orange and SETAR developed the CELIA-CETC (Caribbean ELIte Alliance - Caribbean European Territories Cable). It is a new high-capacity ‘express’ fiber optic system in the Caribbean. The undersea cable will connect Aruba and Martinique to Florida, improving digital connectivity across the region.

Companies Covered in North America Wire and Cable Market

CommScope Holding Company Inc.
Lapp Tannehill
Dacon Systems Inc.
Southwire Company LLC
American Wire Group
Daburn Electronics & Cable and Polytron Devices
Amercable Incorporated (Nexans)
Aba Industry Inc. (Wonderful Hi-tech Company)
New England Wire Technologies
Micro-tek Corporation
TE Connectivity
Belden Incorporated
Corning Incorporated
Prysmian Group
Amphenol Corporation
EIS Wire and Cable
Leoni AG
Fujikura Ltd.
Furukawa Electric Co. Ltd.
Encore Wire
Coherent Corporation
Others

Frequently Asked Questions

The North America wire and cable market is projected to reach US$ 30.5 Bn in 2025.

Increasing infrastructure upgradation projects and rising demand for uninterrupted internet connectivity are the key market drivers.

The North America wire and cable market is poised to witness a CAGR of 5.6% from 2025 to 2032.

Rising investment in 5G infrastructure development and surging installation of solar and wind projects are the key market opportunities.

CommScope Holding Company Inc., Lapp Tannehill, and Dacon Systems Inc. are a few key market players.

Top-Down Market Sizing	Bottom-Up Market Sizing
Universe Definition: Total global/regional market identification	Unit Economics: Average transaction values, purchase frequencies, customer lifecycle
Segmentation Filters: Geographic, demographic, and behavioral constraints	Customer Segmentation: Detailed buyer persona development and sizing
Market Share Analysis: Competitive landscape assessment and share allocation	Penetration Analysis: Market penetration rates by segment and geography
Growth Rate Application: Historical trends and forward-looking growth assumptions	Scaling Methodology: Extrapolation techniques with confidence intervals

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Executive Summary
1. North America Wire and Cable Market Snapshot, 2025 and 2032
2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
3. Key Market Trends
4. Future Market Projections
5. Premium Market Insights
6. Industry Developments and Key Market Events
7. PMR Analysis and Recommendations
Market Overview
1. Market Scope and Definition
2. Market Dynamics
  1. Drivers
  2. Restraints
  3. Opportunity
  4. Challenges
  5. Key Trends
3. North America Wire and Cable Market: Value Chain
  1. Overview of Operational Stages
  2. Distribution and Logistics Channels
  3. Mapping of Key Companies along the Value Chain
4. Forecast Factors - Relevance and Impact
5. COVID-19 Impact Assessment
6. PESTLE Analysis
7. Porter Five Forces Analysis
Price Trend Analysis, 2019 - 2032
1. Key Factors Impacting Prices
2. Historical and Forecast Price Trends by Cable Type
North America Wire and Cable Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
1. Market Size (US$ Bn) Analysis and Forecast
  1. Historical Market Size Analysis, 2019-2024
  2. Current Market Size Analysis and Forecast, 2025-2032
2. North America Wire and Cable Market Outlook: Cable Type
  1. Historical Market Size (US$ Bn) Analysis, By Cable Type, 2019-2024
  2. Current Market Size (US$ Bn) Analysis and Forecast, By Cable Type, 2025-2032
    1. Low Voltage Energy
    2. Power Cable
    3. Fiber Optic Cable
    4. Signal and Control Cable
    5. Others
  3. Market Attractiveness Analysis: Cable Type
3. North America Wire and Cable Market Outlook: Industry
  1. Historical Market Size (US$ Bn) Analysis, By Industry, 2019-2024
  2. Current Market Size (US$ Bn) Analysis and Forecast, By Industry, 2025-2032
    1. Construction
    2. Telecommunications
    3. Power Infrastructure
    4. Others
  3. Market Attractiveness Analysis: Industry
North America Wire and Cable Market Outlook: Country
1. Historical Market Size (US$ Bn) Analysis, By Country, 2019-2024
2. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
  1. U.S.
  2. Canada
3. Market Attractiveness Analysis: Country
U.S. Wire and Cable Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
1. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
  1. By Cable Type
  2. By Industry
2. Current Market Size (US$ Bn) Analysis and Forecast, By Cable Type, 2025-2032
  1. Low Voltage Energy
  2. Power Cable
  3. Fiber Optic Cable
  4. Signal and Control Cable
  5. Others
3. Current Market Size (US$ Bn) Analysis and Forecast, By Industry, 2025-2032
  1. Construction
  2. Telecommunications
  3. Power Infrastructure
  4. Others
4. Market Attractiveness Analysis
Canada Wire and Cable Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
1. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
  1. By Cable Type
  2. By Industry
2. Current Market Size (US$ Bn) Analysis and Forecast, By Cable Type, 2025-2032
  1. Low Voltage Energy
  2. Power Cable
  3. Fiber Optic Cable
  4. Signal and Control Cable
  5. Others
3. Current Market Size (US$ Bn) Analysis and Forecast, By Industry, 2025-2032
  1. Construction
  2. Telecommunications
  3. Power Infrastructure
  4. Others
4. Market Attractiveness Analysis
Competition Landscape
1. Market Share Analysis, 2023
2. Market Structure
  1. Competition Intensity Mapping By Market
  2. Competition Dashboard
3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
  1. CommScope Holding Company Inc.
    1. Overview
    2. Segments and Function
    3. Key Financials
    4. Market Developments
    5. Market Strategy
  2. Lapp Tannehill
  3. Dacon Systems Inc.
  4. Southwire Company LLC
  5. American Wire Group
  6. Daburn Electronics & Cable and Polytron Devices
  7. Amercable Incorporated (Nexans)
  8. Aba Industry Inc. (Wonderful Hi-tech Company)
  9. New England Wire Technologies
  10. Micro-tek Corporation
  11. TE Connectivity
  12. Belden Incorporated
  13. Corning Incorporated
  14. Prysmian Group
  15. Amphenol Corporation
  16. EIS Wire and Cable
  17. Leoni AG
  18. Fujikura Ltd.
  19. Furukawa Electric Co. Ltd.
  20. Encore Wire
  21. Coherent Corporation
  22. Others
Appendix
1. Research Methodology
2. Research Assumptions
3. Acronyms and Abbreviations

Market Attribute	Key Insights
North America Wire and Cable Market Size (2025E)	US$ 30.5 Bn
Market Value Forecast (2032F)	US$ 44.6 Bn
Projected Growth (CAGR 2025 to 2032)	5.6%
Historical Market Growth (CAGR 2019 to 2024)	5.1%

Report Attribute	Details
Historical Data/Actuals	2019 - 2024
Forecast Period	2025 - 2032
Market Analysis Units	Value: US$ Bn/Mn, Volume: As Applicable
Geographical Coverage	U.S. Canada
Segmental Coverage	Cable Type Industry Country
Competitive Analysis	CommScope Holding Company Inc. Lapp Tannehill Dacon Systems Inc. Southwire Company LLC American Wire Group Daburn Electronics & Cable and Polytron Devices Amercable Incorporated (Nexans) Aba Industry Inc. (Wonderful Hi-tech Company) New England Wire Technologies Micro-tek Corporation TE Connectivity Belden Incorporated Corning Incorporated Prysmian Group Amphenol Corporation EIS Wire and Cable Leoni AG Fujikura Ltd. Furukawa Electric Co. Ltd. Encore Wire Coherent Corporation Others
Report Highlights	Market Forecast and Trends Competitive Intelligence and Share Analysis Growth Factors and Challenges Strategic Growth Initiatives Pricing Analysis Future Opportunities and Revenue Pockets Market Analysis Tools
Customization and Pricing	Available upon request

Market Attribute	Key Insights
North America Wire and Cable Market Size (2025E)	US$ 30.5 Bn
Market Value Forecast (2032F)	US$ 44.6 Bn
Projected Growth (CAGR 2025 to 2032)	5.6%
Historical Market Growth (CAGR 2019 to 2024)	5.1%

Report Attribute	Details
Historical Data/Actuals	2019 - 2024
Forecast Period	2025 - 2032
Market Analysis Units	Value: US$ Bn/Mn, Volume: As Applicable
Geographical Coverage	U.S. Canada
Segmental Coverage	Cable Type Industry Country
Competitive Analysis	CommScope Holding Company Inc. Lapp Tannehill Dacon Systems Inc. Southwire Company LLC American Wire Group Daburn Electronics & Cable and Polytron Devices Amercable Incorporated (Nexans) Aba Industry Inc. (Wonderful Hi-tech Company) New England Wire Technologies Micro-tek Corporation TE Connectivity Belden Incorporated Corning Incorporated Prysmian Group Amphenol Corporation EIS Wire and Cable Leoni AG Fujikura Ltd. Furukawa Electric Co. Ltd. Encore Wire Coherent Corporation Others
Report Highlights	Market Forecast and Trends Competitive Intelligence and Share Analysis Growth Factors and Challenges Strategic Growth Initiatives Pricing Analysis Future Opportunities and Revenue Pockets Market Analysis Tools
Customization and Pricing	Available upon request

North America Wire and Cable Market Size, Share, and Growth Forecast for 2025 - 2032

North America Wire and Cable Market by Cable Type (Low Voltage Energy, Power Cable, Fiber Optic Cable, Signal and Control Cable), by Industry (Construction, Telecommunications, Power Infrastructure), and Country Analysis for 2025 - 2032