Prysmian Group (Italy) and Southwire Company (US) are leading players in Americas Medium-Voltage Cables Market
The Americas medium-voltage cables market is projected to reach USD 14.2 billion by 2027 from an estimated USD 11.1 billion in 2022, at a CAGR of 5.1% during the forecast period. The rapid expansion of the industrial sector and urbanization across the Americas along with the surging adoption of renewable energy generation major countries such as the US is expected to drive the demand for Americas medium-voltage cables market.
The North America region is estimated to be the largest market for medium-voltage cables, followed by the South America. The growing need for upgrading legacy power generation, transmission, and distribution infrastructure to enhance power sector operations, increasing investments in LNG, oil & gas, chemical, and mining projects is likely to increase the demand for medium-voltage cables are the key drivers behind the growing demand for medium-voltage cables in the North America region.
The Americas medium-voltage cables market is served by a mix of large international and local players commanding a strong supply network in the domestic market. The leading players in the Americas medium-voltage cables market include Prysmian Group (Italy), Southwire Company (US), Nexans (France), NKT (Denmark), and LS Cable & System (South Korea).
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Prysmian Group is one of the leading manufacturers of underground and submarine cables and systems for power transmission and distribution, as well as medium- and low-voltage cables for the construction and infrastructure sectors. The company also produces a comprehensive range of optical fibers, copper cables, and connectivity systems for voice, video, and data transmission in the telecommunications vertical. Prysmian Group operates through three business segments: Energy, Projects, and Telecom. It offers medium-voltage cables through its submarine power business, which is a part of the Energy business segment. The Energy segment includes the Energy & Infrastructure and Industrial & Network Components subsegments. The Energy & Infrastructure business area comprises the trade & installers, power distribution and overhead transmission lines divisions. The Industrial & Network Components business area consists of oil & gas, downhole technology, specialties & original equipment manufacturers (OEM), elevators, and automotive and network components divisions. Prysmian Group produces high- and medium-voltage cable systems to connect industrial and/or civilian buildings to primary distribution grids and low-voltage cables and systems for power distribution and the wiring of buildings. The product range of the company serves commercial infrastructure such as airports, ports, and railway stations. Prysmian Group has its presence in over 50 countries, with a network of 108 plants and 26 R&D centers. The company operates 24 plants in North America, 13 in Latin America, 49 in Europe, 15 in Asia Pacific, and seven in the Middle East & Africa. It has manufacturing plants in the US, Canada, Mexico, Argentina, Brazil, Chile, Colombia, and Costa Rica. As of December 2020, the company held about 5,539 patents.
Southwire Company manufactures utility cables and wire products to be used in power transmission and distribution and the industrial and commercial buildings sectors. The company offers its products and solutions through five categories, namely, Wire & Cable, Tools & Equipment, Power Management, Lighting, and Electrical Components. It provides low-, medium-, and high-voltage power cables under its Wire & Cable product category. The company serves a number of end-use markets such as data centers, factory power & automation, utility, power generation, transportation, oil & gas, petrochemicals, residential commercial, healthcare, and automotive & electric vehicles. The Wire & Cable category includes products such as armored power cables, bare aluminum for overhead transmission and distribution, building wires, 600 volt secondary distribution cables, copper bare and covered, covered aerial mv systems, flexible conduits, flexible cords, high-voltage underground cables (69 kV and above), heating, ventilation, and air conditioning (HVAC) cables, industrial flexible cables, lead wires, low-voltage cables, medium-voltage power cables, medium-voltage cables for primary underground distribution, metal clad cables, mining cables, overhead covered conductors, power and control cables, pump and irrigation cables, SCR technologies, SIMpull cable, substation cables, cables for telecom power, and transit cable. The company has presence in North America, Asia, and Europe. It has an extensive manufacturing and sales network across the US. The company also has facilities in China, Mexico, and the Netherlands.
Related Reports:
Americas Medium-Voltage Cables Market by Insulation (XLPE, EPR, HEPR), Voltage (Upto 5 kV, 5-15 kV, 15-30 kV, 30-60 kV, 60-100 kV), Application (Underground, Overhead, Submarine), End User (Industrial, Commercial, Renewable) and Region - Forecast to 2027
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