United States (USA) Medium Voltage Cable Market Overview, 2028

United States (USA) Medium Voltage Cable Market Overview, 2028

The United States, being a global powerhouse in terms of energy consumption and production, relies heavily on a robust medium voltage cable network to meet its escalating energy demands while ensuring grid stability and resilience. Medium voltage cable is an electric cable composed of an aluminium or copper conductor and a conductor shield, a composed semiconductor material with a voltage rating between 1KV to 30KV and used in mobile substation equipment, distributing power in industrial settings, supplying power to trains and metro lines and others. A number of interrelated factors, such as rising investments in renewable energy projects, urbanisation, industrialization, and the upgrading of deteriorating power transmission and distribution networks, are supporting the market's expansion. The convergence of digitalization and connectivity trends further augments the market, as smart medium voltage cables equipped with sensor technologies and data analytics capabilities offer real-time monitoring and fault detection, empowering utilities to proactively manage their electrical networks. The modernization of aging power transmission and distribution infrastructure is a significant trend in the medium voltage cable market. Utilities are investing in upgrading their grids to enhance efficiency, reliability, and resilience. This includes the deployment of smart grid technologies that enable real-time monitoring, remote control, and improved fault detection. Medium voltage cables with advanced features, such as embedded sensors and data analytics capabilities, are in demand to support these smart grid initiatives.

According to the research report ""United States Medium Voltage Cable Market Overview, 2028,"" published by Bonafide Research, The United States Medium Voltage Cable market was valued at above USD 5.89 Billion in 2022. Medium voltage cables find applications in various sectors, including utilities, industrial facilities, commercial buildings, renewable energy projects, transportation infrastructure, and more. They are used for power transmission, distribution, and underground cabling, among other purposes. The medium voltage cable market is subject to stringent safety regulations and standards. In the United States, cables must meet specific requirements set by organizations such as the National Electrical Manufacturers Association (NEMA) and the Institute of Electrical and Electronics Engineers (IEEE), ensuring the reliability and safety of electrical systems. The cable market has seen advancements in cable technologies to enhance performance and durability. Cross-linked polyethylene (XLPE), ethylene propylene rubber (EPR), and polyvinyl chloride (PVC) are commonly used insulation materials in medium voltage cables, providing improved electrical characteristics and resistance to environmental factors.

Electricity in the United States is produced from a mix of energy sources, including fossil fuels (coal, natural gas), nuclear power, renewable sources (solar, wind, hydroelectric, biomass), and others. Medium voltage cables play a crucial role in transmitting electricity from power generation facilities to distribution substations and end-users. These cables form a vital component of the electrical infrastructure, enabling the safe and effective transmission of power across various sectors and geographic regions. The consumption of electricity in the medium voltage cable market of the USA varies across sectors and regions. Industries, commercial buildings, and residential areas are major consumers of electricity in medium voltage ranges. Industrial facilities, such as manufacturing plants, data centers, and mining operations, often require significant power supply at medium voltage levels to support their operations. Commercial buildings, including offices, shopping centers, and hospitals, rely on medium voltage electricity for lighting, heating, air conditioning, and other electrical equipment. Residential areas consume medium voltage electricity for household appliances, lighting, and other residential needs.

The installation of medium voltage cables overhead involves mounting them on utility poles or towers. In rural and suburban regions where land is readily available and installation is cost-effective, this installation method is frequently used. For medium voltage cables that must be installed underwater, such as for offshore wind farms or underwater power transmission projects, submarine installations are employed. In the USA, a sizable portion of medium voltage cables are used by the utilities industry. When distributing energy from substations to residential, commercial, and industrial locations, medium voltage cables are frequently employed. Medium voltage cables are used in commercial structures including offices, malls, hotels, hospitals, and educational institutions for a variety of electrical systems. Lighting, HVAC (heating, ventilation, and air conditioning), lifts, electrical panels, and other electrical equipment are all powered by medium voltage lines at these facilities. Furthermore, medium voltage cables are essential to infrastructure projects including railroads, seaports, airports, and public transportation networks.

The market for medium voltage cable has been influenced by the integration of smart grid technologies. Advanced power distribution network monitoring, management, and optimisation are made possible by smart grid systems. To improve grid dependability, enable real-time defect detection, and maximise energy efficiency, medium voltage cables are being outfitted with sensors, communication tools, and monitoring systems. The market for medium voltage cables now prioritises environmental sustainability as a top factor. By concentrating on recyclable, non-toxic, and environmentally compliant materials, manufacturers are creating cables with less of an impact on the environment. Reducing the carbon footprint linked to the manufacture and use of medium voltage cables is another issue that is receiving more attention. Energy demand and consumption patterns saw changes as a result of the COVID-19 pandemic. The overall energy demand and consumption decreased at times due to changes in work schedules, remote working, and a fall in commercial and industrial activity. The demand for medium voltage cables was immediately impacted by this drop in energy use, especially in areas like public infrastructure, commercial buildings, and industrial facilities.

Considered in this report:
• Geography: United States
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• United States medium voltage cable with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Installation Type:
• Overhead
• Underground
• Submarine

By End Users:
• Power Infrastructure (Energy, Power Transmission, and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial, and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medium Voltage Cable market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry