Electric Wire And Cable Market in North America: Key Drivers and Segmentation
Synopsis of Growth Drivers with Market Forecast 2021-2025
The Global Electric Wire And Cable Market in North America is projected to grow by $ 1.33 bn, accelerating at a CAGR of over 1% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
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Electric Wire And Cable Market in North America: Top Drivers for Growth
A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is increasing investments in power transmission and distribution (T&D) to achieve target market demand.
Electric Wire And Cable Market in North America: Segment List
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Electric Wire And Cable Market in North America is segmented by Product (Power cable, Electronic wire, Building cable, and Others) and End-user (Electrical appliances, Construction, Automotive, and Other end-users). Request our Free Sample Report
Electric Wire And Cable Market in North America: Belden Inc., CommScope Holding Co. Inc., Corning Inc., Encore Wire Corp., Hitachi Ltd., Marmon Holdings Inc., Nexans SA, Prysmian Spa, Southwire Co. LLC, and Sumitomo Electric Industries Ltd. are some of the leading competitors
The Electric Wire And Cable Market in North America is concentrated and market growth of the depends on market conditions, government support, and industry development. Our report offers a detailed study of all the factors that can influence growth. Belden Inc., CommScope Holding Co. Inc., Corning Inc., Encore Wire Corp., Hitachi Ltd., Marmon Holdings Inc., Nexans SA, Prysmian Spa, Southwire Co. LLC, and Sumitomo Electric Industries Ltd. are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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Electric Wire and Cable Market in North America Size to Grow by $ 1.33 Billion During 2021-2025
Technavio has been monitoring the electric wire and cable market in North America and it is expected to grow by $ 1.33 billion, accelerating at a CAGR of almost 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Electric Wire And Cable Market In North America: North America to lead market growth during the forecast period
Electric Wire And Cable Market In North America: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Belden Inc., CommScope Holding Co. Inc., Corning Inc., Encore Wire Corp., Hitachi Ltd., Marmon Holdings Inc., Nexans SA, Prysmian Spa, Southwire Co. LLC, and Sumitomo Electric Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Electric Wire And Cable Market In North America: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the electric wire and cable market in North America and it is expected to grow by $ 1.33 billion, accelerating at a CAGR of over 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Electric Wire And Cable Market In North America: Emerging Trends to Impact Market Growth
The growth in the transport industry will fuel the growth of the electric wire and cable market in North America. Transport systems that enable mobility make use of several wires, such as brake wires, clutch wires, gear wires, accelerator wires, and others. Consumer spending on vehicles that offer safety, comfort, and style has increased as a result of technological advances and growing disposable income. This has culminated in a number of self-driving cars and intelligent vehicle networking such as Tesla offers Model 3. These vehicles need high-quality special cables and secure wiring architectures in order to transmit large quantities of data efficiently and quickly between control units, sensors, and vehicle components. Companies are continuing to build fail-safe wiring and cabling system architectures in order to meet the demand from the automobile industry, thus assisting in the growth of the electric wire and cable market in North America.
The growth in the T&D network and the increase in the demand for renewable sources in countries such as the US, Canada, and Mexico will drive the electric wire and cable market in North America over the forecast period. The global investment in the T&D sector also creates profit pools for key vendors in North America. The T&D market in the US has a lot of room for expansion, given the rising need to replace the installed base of aging transformers.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report
