United States Wire and Cable Market Expands to Cross USD 49 Billion by 2031

Published | 01 July 2025

United States Wire and Cable Market is expanding at a steady growth rate, primarily driven by rapid adoption of smart grids, electric vehicles (EVs), and 5G, and infrastructure modernization efforts.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Wire and Cable Market size by value at USD 33.98 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects United States Wire and Cable Market size to grow at a steady CAGR of 5.50%, reaching a value of USD 49.43 billion by 2031. The growth of United States Wire and Cable Market is propelled by a surge in renewable energy projects, smart grid modernization, and the rapid expansion of electric vehicle infrastructure. The rollout of 5G networks and the proliferation of data centers are fueling demand for high-speed, low-latency cables. Additionally, government initiatives to expand broadband access and upgrade aging power infrastructure are boosting market growth. The construction boom, especially in urban areas, further drives demand for reliable wiring solutions. Technological advancements in fiber optics, superconducting cables, and eco-friendly materials are also enhancing performance, efficiency, and sustainability across diverse applications and industries.

Opportunity – Expanding Electric Vehicle (EV) Charging Infrastructure

The rapid adoption of electric vehicles (EVs) in United States is fueling significant growth in charging infrastructure. Government initiatives, including the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, are injecting billions into nationwide EV charging networks. This surge demands extensive deployment of high-performance wires and cables to support fast-charging stations, grid connectivity, and smart energy management systems. As the number of EVs is projected to reach 27 million by 2030, United States Wire and Cable Market is poised to benefit from increased installations across residential, commercial, and public charging environments.

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Low Voltage Segment Holds a Larger Market Share ​

Low voltage cables segment holds the largest share in United States Wire and Cable Market, driven by their widespread use in residential, commercial, and industrial applications. These cables are essential for everyday electrical systems, including lighting, appliances, and communication networks. Their affordability, ease of installation, and compatibility with smart grid and renewable energy systems make them a preferred choice. Additionally, the growing demand for energy-efficient buildings and infrastructure modernization further boosts their adoption. As the U.S. continues to invest in electrification and digital connectivity, low-voltage cables remain the backbone of power distribution and control systems nationwide.

Impact of Escalating Geopolitical Tensions on United States Wire and Cable Market

Escalating geopolitical tensions, particularly between the United States and China, are reshaping United States Wire and Cable Market by disrupting global supply chains and increasing scrutiny over foreign-sourced components. Restrictions on Chinese telecom and subsea cable projects have prompted a shift toward domestic manufacturing and supplier diversification. While this enhances national security and supply resilience, it also raises production costs and delays project execution. Additionally, trade barriers and export controls on raw materials and technologies are pressuring United States-based manufacturers to invest in localized capabilities, ultimately influencing pricing, innovations, and long-term strategic planning.

Competitive Landscape

United States Wire and Cable Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are Belden Inc., Southwire Company, LLC, Prysmian Group, Nexans S.A., Hitachi, Ltd, General Cable Technologies Corporation, Amphenol Corporation, Encore Wire Corporation, Carlisle Interconnect Technologies, Siemon Company, and Sumitomo Electric Industries, Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in United States Wire and Cable Market.

Don’t miss the business opportunity in United States Wire and Cable Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Wire and Cable Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Wire and Cable Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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