The North America high voltage cable market is set to surge with a 3.83% CAGR by 2032, and is predicted to be valued at $11104.56 million during the evaluation period of 2023 and 2032.

Underground cables have greater penetration in this region, owing to increasing electricity production and renewable projects and are expected to remain the market leaders in this region. Also, the surge in electricity production has further augmented the usage of high voltage cables. In addition, various government initiatives, such as policies & investments for renewable energy projects, have supported the North America high voltage cable market growth.

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The North America high voltage cable market growth evaluation includes a thorough study of Canada and United States. The United States government invested approximately $35 billion in wind farms, solar power plants, and various other renewable energy projects. Also, numerous new entrants in the high voltage cable market are expected to boost their outreach.

Furthermore, an increase in mining metals, oil & gas exploration activities, and growth in construction activities in North America is anticipated to positively impact the demands for high voltage cables. Besides, the renewable sector has seen major regional developments, which are expected to be a significant growth driver. Also, the booming solar sector is predicted to propel the North America high voltage cable market.

The North America high voltage cable market analysis entails segmentation by end-user and installation. Market by installation includes submarine, underground, and overhead.

Under the water surface, power distribution is facilitated using submarine high voltage cables. Power from offshore electricity plants like solar and wind to onshore power grids is mostly transported via submarine cables. These cables have conductors made of copper or aluminum that are entirely protected from high-pressure deep water by XLPE insulation, metal sheath, armor, and bedding.

Urbanization, the necessity for island electrification and the growth of offshore power projects in Denmark and Sweden are some major factors driving the market for submarine cables. In addition, rising renewable energy demand brought on by the depletion of fossil fuels and the looming need to reduce pollution are anticipated to support the adoption of submarine cables in the next few years.

Furthermore, many governments have increased their investments in offshore energy projects, which call for numerous underwater cables. Due to the rising need for electrification on islands, the demand for undersea cables is expanding at a fast rate. As a result, various firms have increased their market share and geographic presence by producing and installing submarine cables in oil and gas industries and offshore wind and solar power plants.

Some key players in the North America high voltage cable market include Southwire Company LLC, Synergy Cables Ltd, etc.

Southwire Company LLC is a privately held, United States-based company founded in 1937. It is one of the leading solution providers for transmission, mining, and renewable energy. The company operates across seven distinct business segments: industrial, electrical, engineered products, OEM, energy, and tools & assembled products. The company’s product portfolio includes datacom & low voltage electronics wire, copper building wire, aluminum building wire, automotive cables, MC & type AC cable, building wire, etc. Southwire Company LLC is headquartered in Georgia, United States.

Southwire Company LLC produces a wide range of high voltage underground transmission cable systems such as high voltage power cables, high voltage bonding cables, high voltage cable boxes, high voltage switchgear & transformer termination, high voltage outdoor termination, high voltage joint, etc.

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