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Electric Wire and Cable Market in North America by End-user, Product, and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 149
  • SKU: IRTNTR70334
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The electric wire and cable market share in North America is expected to increase to USD 1.61 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 1.58%.

This electric wire and cable market in North America research report provide valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric wire and cable market segmentation in North America by end-user (electrical appliances, construction, automotive, and others), product (power cable, electronic wire, building cable, and others), and geography (US, Canada, and Mexico). The North America electric wire and cable market report also offers information on several market vendors, including American Wire Group, Amphenol Corp., Belden Inc., Berkshire Hathaway Inc., CommScope Holding Co. Inc., Corning Inc., EIS Wire and Cable, Encore Wire Corp., Furukawa Electric Co. Ltd., Hitachi Ltd., Lake Cable LLC, Leviton Manufacturing Co. Inc., Lexco Cable, LS Corp., Luetze International GmbH, Nexans SA, Philatron Wire and Cable, Prysmian Spa, Southwire Co. LLC, Sumitomo Electric Industries Ltd., and YFC BonEagle Electric Co. Ltd. among others.

What will the Electric Wire and Cable Market Size in North America be During the Forecast Period?

Electric Wire and Cable Market in North America Size

Download the Free Report Sample to Unlock the Electric Wire and Cable Market Size in North America for the Forecast Period and Other Important Statistics

 

North America Electric Wire and Cable Market: Key Drivers, Trends, and Challenges

The increasing investments in power transmission and distribution (T&D) to achieve target market demand are notably driving the electric wire and cable market growth in North America, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric wire and cable industry in North America. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Electric Wire and Cable Market Drivers in North America

One of the key factors driving growth in the electric wire and cable market is the increasing investments in power transmission and distribution (T&D) to achieve target market demand. The global investment in the T&D sector also creates profit pools for key vendors in North America. As a result of this, 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. Also, the US has vast resources of renewable energy, including wind energy on the Great Plains and in the Midwest, solar energy in the Southwest, geothermal energy in the Rocky Mountains and the Great Basin, and hydropower in the Northwest and Southeast. In 2019, largely underground transmission systems were installed extending across the lower 48 states of the US, thus expanding the country's electricity market. The growth in the T&D network and the increase in the demand for renewable sources in countries like the US, Canada, and Mexico will drive the North America electric wire and cable market.

Key Electric Wire and Cable Market Trends in North America

The increasing demand for renewable power generation in North America is an electric wire and cable market trend that is expected to have a positive impact in the coming years. The supportive government initiatives for the development of renewable energy sources are a prominent factor responsible for the growth of renewable power generation, which, in turn, will drive the demand for wires and cables further in the region. In the US, the implementation of additional policies for clean electricity in 2019 may lead to solar PV and wind energy witnessing much more rapid deployment, thus contributing to the faster decarbonization of the US power sector in the coming years. Therefore, the utilization of wires and cables in the renewable power sector in countries like the US, Canada, and Mexico increased in 2020, and the trend will continue.

Key Electric Wire and Cable Market Challenges in North America

The volatility in raw material prices will be a major challenge for the electric wire and cable market during the forecast period. Rubber and plastic-based products, such as PVC grains, are the most common raw materials used in manufacturing cables. Even though aluminium is expected to replace copper in a few applications, the latter (copper) is expected to maintain its dominance in buildings and power transmission and distribution networks, which account for more than half of the revenue of the North America electric wire and cable market. Copper is an irreplaceable material in the wire and cable industry due to its high electrical conductivity, durability, ability to withstand stress with minimal signs of wear and tear and superior ductile and tensile strength. Fluorine plastic and silicon rubber are the most common organic polymer materials, whereas copper is needed for wires. An increase in the price of raw materials, particularly copper, has a direct impact on the profit margins of wire and cable manufacturers, thus hindering market growth.

This North America electric wire and cable market analysis report also provide detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the electric wire and cable market in North America market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the North America electric wire and cable market during the forecast period.

Who are the Major Electric Wire and Cable Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • American Wire Group
  • Amphenol Corp.
  • Belden Inc.
  • Berkshire Hathaway Inc.
  • CommScope Holding Co. Inc.
  • Corning Inc.
  • EIS Wire and Cable
  • Encore Wire Corp.
  • Furukawa Electric Co. Ltd.
  • Hitachi Ltd.
  • Lake Cable LLC
  • Leviton Manufacturing Co. Inc.
  • Lexco Cable
  • LS Corp.
  • Luetze International GmbH
  • Nexans SA
  • Philatron Wire and Cable
  • Prysmian Spa
  • Southwire Co. LLC
  • Sumitomo Electric Industries Ltd.
  • YFC BonEagle Electric Co. Ltd.

 

This statistical study of the North America electric wire and cable market encompasses successful business strategies deployed by the key vendors. The electric wire and cable market in North America is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • belden.com - The company offers electric wires and cables such as flat ribbon cables, and multi-pair cables.

  • belden.com - Under the enterprise solutions segment, the company provides network infrastructure solutions and cabling and connectivity solutions for broadcast, commercial audio and video, and security applications. The product lines of the segment include copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The North America electric wire and cable market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Wire and Cable Market in North America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the North America electric wire and cable market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating End-user Segments in the North America electric wire and cable market?

Electric Wire and Cable Market in North America Share

To gain further insights on the market contribution of various segments Request a FREE sample

The electric wire and cable market share growth in North America by the electrical appliances segment will be significant during the forecast period. The increase in the demand for home appliances in the region will drive the North America electric wire and cable market during the forecast period. With the rise in population, the use of lighting in activities such as interior design, photography, and other uses is growing. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric wire and cable market size in North America and actionable market insights on post COVID-19 impact on each segment.

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Electric Wire and Cable Market Scope in North America

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 1.58%

Market growth 2022-2026

$ 1.61 billion

Market structure

Fragmented

YoY growth (%)

1.39

Regional analysis

North America

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

American Wire Group, Amphenol Corp., Belden Inc., Berkshire Hathaway Inc., CommScope Holding Co. Inc., Corning Inc., EIS Wire and Cable, Encore Wire Corp., Furukawa Electric Co. Ltd., Hitachi Ltd., Lake Cable LLC, Leviton Manufacturing Co. Inc., Lexco Cable, LS Corp., Luetze International GmbH, Nexans SA, Philatron Wire and Cable, Prysmian Spa, Southwire Co. LLC, Sumitomo Electric Industries Ltd., and YFC BonEagle Electric Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Electric Wire and Cable Market in North America Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electric wire and cable market growth in North America during the next five years
  • Precise estimation of the electric wire and cable market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric wire and cable industry in North America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric wire and cable market vendors in North America

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on North America: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Electrical appliances - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Electrical appliances - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Electrical appliances - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Electrical appliances - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Electrical appliances - Year-over-year growth 2021-2026 (%)
    • 5.4 Construction - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Construction - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Construction - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Construction - Year-over-year growth 2021-2026 (%)
    • 5.5 Automotive - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 45: Market opportunity by End-user ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 46: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 47: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 48: Chart on Comparison by Product
      • Exhibit 49: Data Table on Comparison by Product
    • 6.3 Power cable - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Power cable - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Power cable - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Power cable - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Power cable - Year-over-year growth 2021-2026 (%)
    • 6.4 Electronic wire - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Electronic wire - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Electronic wire - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Electronic wire - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Electronic wire - Year-over-year growth 2021-2026 (%)
    • 6.5 Building cable - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Building cable - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Building cable - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Building cable - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Building cable - Year-over-year growth 2021-2026 (%)
    • 6.6 Others - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 66: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 68: Chart on Market share by geography - 2021-2026 (%)
      • Exhibit 69: Data Table on Market share by geography - 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 70: Chart on Geographic comparison
      • Exhibit 71: Data Table on Geographic comparison
    • 8.3 US - Market size and forecast 2021-2026
      • Exhibit 72: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.4 Canada - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 8.5 Mexico - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Mexico - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
    • 8.6 Market opportunity by geography
      • Exhibit 84: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 85: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 86: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 87: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 88: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 89: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 90: Matrix on vendor position and classification
            • 11.3 Belden Inc.
              • Exhibit 91: Belden Inc. - Overview
              • Exhibit 92: Belden Inc. - Business segments
              • Exhibit 93: Belden Inc. - Key news
              • Exhibit 94: Belden Inc. - Key offerings
              • Exhibit 95: Belden Inc. - Segment focus
            • 11.4 Berkshire Hathaway Inc.
              • Exhibit 96: Berkshire Hathaway Inc. - Overview
              • Exhibit 97: Berkshire Hathaway Inc. - Business segments
              • Exhibit 98: Berkshire Hathaway Inc. - Key offerings
              • Exhibit 99: Berkshire Hathaway Inc. - Segment focus
            • 11.5 CommScope Holding Co. Inc.
              • Exhibit 100: CommScope Holding Co. Inc. - Overview
              • Exhibit 101: CommScope Holding Co. Inc. - Business segments
              • Exhibit 102: CommScope Holding Co. Inc. - Key news
              • Exhibit 103: CommScope Holding Co. Inc. - Key offerings
              • Exhibit 104: CommScope Holding Co. Inc. - Segment focus
            • 11.6 Corning Inc.
              • Exhibit 105: Corning Inc. - Overview
              • Exhibit 106: Corning Inc. - Business segments
              • Exhibit 107: Corning Inc. - Key offerings
              • Exhibit 108: Corning Inc. - Segment focus
            • 11.7 Encore Wire Corp.
              • Exhibit 109: Encore Wire Corp. - Overview
              • Exhibit 110: Encore Wire Corp. - Product / Service
              • Exhibit 111: Encore Wire Corp. - Key offerings
            • 11.8 Hitachi Ltd.
              • Exhibit 112: Hitachi Ltd. - Overview
              • Exhibit 113: Hitachi Ltd. - Business segments
              • Exhibit 114: Hitachi Ltd. - Key news
              • Exhibit 115: Hitachi Ltd. - Key offerings
              • Exhibit 116: Hitachi Ltd. - Segment focus
            • 11.9 Nexans SA
              • Exhibit 117: Nexans SA - Overview
              • Exhibit 118: Nexans SA - Business segments
              • Exhibit 119: Nexans SA - Key offerings
              • Exhibit 120: Nexans SA - Segment focus
            • 11.10 Prysmian Spa
              • Exhibit 121: Prysmian Spa - Overview
              • Exhibit 122: Prysmian Spa - Business segments
              • Exhibit 123: Prysmian Spa - Key offerings
              • Exhibit 124: Prysmian Spa - Segment focus
            • 11.11 Southwire Co. LLC
              • Exhibit 125: Southwire Co. LLC - Overview
              • Exhibit 126: Southwire Co. LLC - Product / Service
              • Exhibit 127: Southwire Co. LLC - Key offerings
            • 11.12 Sumitomo Electric Industries Ltd.
              • Exhibit 128: Sumitomo Electric Industries Ltd. - Overview
              • Exhibit 129: Sumitomo Electric Industries Ltd. - Business segments
              • Exhibit 130: Sumitomo Electric Industries Ltd. - Key news
              • Exhibit 131: Sumitomo Electric Industries Ltd. - Key offerings
              • Exhibit 132: Sumitomo Electric Industries Ltd. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 12.5 List of abbreviations
                • Exhibit 139: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Electric Wire and Cable market growth will increase by $1.33 billion during 2020-2025.
                The electric wire and cable market is expected to grow at a CAGR of 1.35% during 2020-2025.
                Technavio has segmented the electric wire and cable market by product (Power cable, Electronic wire, Building cable, and Others) ,end user (Electrical appliances, Construction, Automotive, and Other end-users) , and geographic (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, Sumitomo Electric Industries Ltd. are a few of the key vendors in the electric wire and cable market.
                North America will register the highest growth rate of 100.00% among the other regions. Therefore, the electric wire and cable market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the electric wire and cable market growth are:
                • Increasing investments in power transmission and distribution (T&D) to achieve target market demand
                • Increasing demand for renewable power generation in North America
                The electric wire and cable market vendors should focus on grabbing business opportunities from the power cable segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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