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    US Overhead Power Cables Market

    ID: MRFR/E&P/15043-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Overhead Power Cables Market Research Report By Voltage (100kV-250kV, 251kV-400kV, Above 400kV) and By End User (Utility, Industrial) - Forecast to 2035

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    US Overhead Power Cables Market Infographic
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    US Overhead Power Cables Market Summary

    As per MRFR analysis, the US overhead power-cables market size was estimated at 13.56 USD Billion in 2024. The US overhead power-cables market is projected to grow from 14.46 USD Billion in 2025 to 27.48 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.63% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The US overhead power-cables market is experiencing a transformative shift driven by technological advancements and a focus on sustainability.

    • Technological advancements are enhancing the efficiency and durability of overhead power cables.
    • The shift towards renewable energy sources is driving demand for innovative cable solutions.
    • Smart grid integration is becoming increasingly prevalent, facilitating better energy management.
    • Infrastructure development initiatives and rising energy demand are key drivers propelling market growth.

    Market Size & Forecast

    2024 Market Size 13.56 (USD Billion)
    2035 Market Size 27.48 (USD Billion)

    Major Players

    General Cable (US), Nexans (FR), Prysmian Group (IT), Southwire Company (US), Apar Industries (IN), LS Cable & System (KR), Sumitomo Electric Industries (JP), Furukawa Electric (JP)

    US Overhead Power Cables Market Trends

    The overhead power-cables market is currently experiencing a notable transformation driven by advancements in technology and increasing demand for efficient energy transmission. The shift towards renewable energy sources has prompted utilities to upgrade their infrastructure, leading to a heightened focus on the reliability and performance of overhead power cables. This evolution is further influenced by regulatory frameworks that encourage the adoption of sustainable practices, thereby fostering innovation in cable design and materials. As a result, manufacturers are exploring new materials that enhance durability and reduce environmental impact, which may reshape the competitive landscape of the market. In addition, the overhead power-cables market is witnessing a trend towards smart grid technologies. These innovations aim to improve the efficiency of electricity distribution and management. The integration of digital technologies into overhead power systems allows for real-time monitoring and control, which could potentially minimize outages and enhance service reliability. Furthermore, the increasing urbanization and population growth in various regions are likely to drive the demand for more robust overhead power infrastructure, indicating a promising outlook for the market in the coming years.

    Technological Advancements

    The overhead power-cables market is benefiting from continuous technological innovations. Manufacturers are increasingly adopting advanced materials and designs that enhance the performance and longevity of cables. This trend is likely to improve energy efficiency and reduce maintenance costs, making overhead power systems more reliable.

    Shift Towards Renewable Energy

    There is a growing emphasis on renewable energy sources, which is influencing the overhead power-cables market. Utilities are upgrading their infrastructure to accommodate solar and wind energy, necessitating the use of specialized cables that can handle varying loads and environmental conditions.

    Smart Grid Integration

    The integration of smart grid technologies is becoming a prominent trend within the overhead power-cables market. These technologies facilitate real-time monitoring and management of power distribution, potentially leading to improved efficiency and reduced outages, thereby enhancing overall service reliability.

    US Overhead Power Cables Market Drivers

    Rising Energy Demand

    The rising energy demand in the US is a significant driver for the overhead power-cables market. As the population grows and industrial activities expand, the need for reliable and efficient power distribution systems becomes paramount. Projections suggest that electricity consumption in the US could increase by approximately 1.5% annually over the next five years. This escalating demand necessitates the installation of new overhead power cables to ensure that energy can be transmitted effectively from generation sources to end-users. Additionally, the shift towards electric vehicles and renewable energy sources is likely to further amplify energy requirements, thereby increasing the pressure on existing power infrastructure. Consequently, the overhead power-cables market is expected to experience substantial growth as utilities and energy providers invest in expanding and modernizing their networks to meet this rising demand.

    Regulatory Compliance and Standards

    Regulatory compliance and standards play a crucial role in shaping the overhead power-cables market. The US government has established stringent regulations aimed at ensuring safety, reliability, and environmental sustainability in power distribution. Compliance with these regulations often necessitates the adoption of advanced materials and technologies in overhead power cables. For instance, the National Electrical Code (NEC) outlines specific requirements for cable installation and performance, which manufacturers must adhere to. This regulatory landscape encourages innovation and drives the development of high-quality overhead power cables that meet or exceed these standards. As utilities strive to comply with evolving regulations, the demand for compliant overhead power cables is likely to increase, thereby propelling market growth. The emphasis on safety and environmental considerations further underscores the importance of regulatory compliance in the overhead power-cables market.

    Infrastructure Development Initiatives

    The ongoing infrastructure development initiatives in the US are poised to bolster the overhead power-cables market. With the government allocating substantial funds for upgrading aging electrical grids, the demand for overhead power cables is likely to surge. Recent reports indicate that the US government plans to invest approximately $1 trillion in infrastructure over the next decade, which includes enhancements to power distribution systems. This investment is expected to facilitate the replacement of outdated cables with modern, more efficient alternatives, thereby driving growth in the overhead power-cables market. Furthermore, as urbanization continues to expand, the need for reliable power distribution networks becomes increasingly critical, further propelling the demand for overhead power cables. The infrastructure development initiatives are thus a key driver for the overhead power-cables market, fostering advancements in technology and efficiency.

    Investment in Renewable Energy Projects

    Investment in renewable energy projects is emerging as a pivotal driver for the overhead power-cables market. The US has witnessed a marked increase in investments aimed at expanding renewable energy sources, such as wind and solar power. According to recent estimates, investments in renewable energy infrastructure are projected to reach $500 billion by 2030. This surge in investment necessitates the installation of robust overhead power cables to facilitate the efficient transmission of electricity generated from renewable sources to the grid. As utilities and energy companies prioritize the integration of renewable energy into their portfolios, the demand for overhead power cables is expected to rise correspondingly. This trend not only supports the transition to cleaner energy but also enhances the overall resilience and reliability of the power distribution network, thereby driving growth in the overhead power-cables market.

    Technological Innovations in Cable Manufacturing

    Technological innovations in cable manufacturing are significantly influencing the overhead power-cables market. Advances in materials science and engineering have led to the development of cables that are lighter, more durable, and capable of withstanding extreme weather conditions. For example, the introduction of composite materials and improved insulation techniques has enhanced the performance and longevity of overhead power cables. These innovations not only reduce maintenance costs but also improve the overall efficiency of power transmission. Furthermore, the integration of smart technologies into cable systems allows for real-time monitoring and management of power distribution networks. As manufacturers continue to invest in research and development, the overhead power-cables market is likely to benefit from these technological advancements, leading to increased adoption and market growth.

    Market Segment Insights

    By Voltage: 251kV-400kV (Largest) vs. Above 400kV (Fastest-Growing)

    The market share distribution among the voltage segments for overhead power cables reveals that 251kV-400kV holds the largest share, owing to its extensive application in medium to high voltage transmission. This segment is favored for its efficiency and reliability, making it a popular choice for utility companies. In contrast, the Above 400kV segment, while currently smaller in market share, is gaining traction due to rising energy demands and advancements in technology that accommodate higher voltages, thus enhancing overall transmission efficiency. Growth trends in the US overhead power-cables market are significantly influenced by factors such as urbanization, infrastructure upgrades, and the shift towards renewable energy sources. The Above 400kV segment, recognized as the fastest-growing, benefits from increasing investments in long-distance energy transmission projects, driven by the need for cleaner energy solutions. Furthermore, advances in cable technology continue to support this growth, enabling safer and more efficient operations in high voltage applications.

    251kV-400kV (Dominant) vs. Above 400kV (Emerging)

    The 251kV-400kV segment is characterized by its dominant position in the overhead power-cables market, serving as the backbone for utility transmission needs. This range caters to both regional and national transmission networks and is appreciated for balancing efficiency and practicality. Its robust infrastructure supports consistent performance, contributing to its sustained demand. Meanwhile, the Above 400kV segment is identified as emerging, driven by technological innovations and the necessity for clean energy solutions. Given the increasing complexities of energy distribution and the push for renewable energy sources, the Above 400kV segment is set to evolve rapidly, promising enhanced efficiency and expanding its market footprint in the coming years.

    By End User: Utility (Largest) vs. Industrial (Fastest-Growing)

    In the US overhead power-cables market, the utility segment holds the largest share, primarily due to the increasing demand for reliable power distribution in urban and rural areas. Utility companies are investing heavily in infrastructure improvements to ensure longevity and dependability in power delivery. On the other hand, the industrial segment is experiencing rapid growth as industries ramp up their operations and expand their facilities. This growth is essential for meeting escalating energy needs across various sectors. The growth trends in the overhead power-cables market are significantly influenced by advancements in technology and a shift towards renewable energy sources. Utilities are increasingly adopting modern cable technologies to enhance efficiency and reduce losses in power transmission. Meanwhile, the industrial segment is driven by rising initiatives to optimize energy consumption and improve operational efficiencies. This segment is projected to grow faster as industries invest in modernization and sustainable practices.

    Utility (Dominant) vs. Industrial (Emerging)

    The utility segment is characterized by its large-scale operations and comprehensive networks that ensure a stable and continuous electricity supply. Honing in on infrastructure, utility companies play a pivotal role in maintaining the reliability of power systems, making them a dominant force within the sector. Their investments focus on upgrading older systems to improve efficiency and resilience against outages. In contrast, the industrial segment is considered emerging, driven by the ongoing modernization of facilities. Industries are focusing on higher performance overhead cables that can manage increased loads. This evolving segment emphasizes flexibility and adaptability to facilitate rapid changes in the energy landscape, particularly as businesses aim to meet sustainable energy goals.

    Get more detailed insights about US Overhead Power Cables Market

    Key Players and Competitive Insights

    The overhead power-cables market is currently characterized by a dynamic competitive landscape, driven by increasing demand for reliable energy transmission and the ongoing transition towards renewable energy sources. Key players such as General Cable (US), Nexans (FR), and Prysmian Group (IT) are strategically positioned to leverage innovation and technological advancements. General Cable (US) focuses on enhancing its product offerings through research and development, while Nexans (FR) emphasizes sustainability and digital transformation in its operations. Prysmian Group (IT) has been actively pursuing mergers and acquisitions to expand its market share and enhance its technological capabilities. Collectively, these strategies contribute to a competitive environment that is increasingly focused on innovation and sustainability.

    In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market appears moderately fragmented, with several key players exerting influence over various segments. This structure allows for competitive dynamics where companies can differentiate themselves through unique value propositions, such as advanced technology or superior customer service.

    In October 2025, General Cable (US) announced a partnership with a leading renewable energy firm to develop specialized overhead cables designed for wind energy applications. This strategic move is likely to position General Cable as a frontrunner in the renewable energy sector, aligning with the growing demand for sustainable energy solutions. The collaboration may enhance their product portfolio and open new revenue streams, reflecting a proactive approach to market trends.

    In September 2025, Nexans (FR) launched a new line of smart overhead cables equipped with IoT technology, aimed at improving grid management and efficiency. This innovation underscores Nexans' commitment to digital transformation and positions the company to capitalize on the increasing integration of smart technologies in energy infrastructure. The introduction of these smart cables could potentially lead to enhanced operational efficiencies and reduced maintenance costs for utility companies.

    In August 2025, Prysmian Group (IT) completed the acquisition of a regional cable manufacturer, which is expected to bolster its production capabilities and expand its geographical reach in North America. This acquisition not only strengthens Prysmian's market position but also enhances its ability to respond to local demand more effectively. The strategic importance of this move lies in its potential to create synergies that improve operational efficiencies and reduce costs.

    As of November 2025, current competitive trends in the overhead power-cables market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances among key players are shaping the landscape, fostering innovation and collaboration. The shift from price-based competition to a focus on technology, reliability, and sustainability is evident, suggesting that future competitive differentiation will hinge on the ability to innovate and adapt to evolving market demands.

    Key Companies in the US Overhead Power Cables Market market include

    Industry Developments

    Recent developments in the US Overhead Power Cables Market indicate a significant growth trajectory fueled by increased investments in infrastructure and renewable energy projects. Companies such as Marmon Utility and Prysmian Group are enhancing their production capabilities to meet rising demand. In September 2023, Southwire expanded its operations in Georgia, focusing on innovative cable technologies to optimize energy distribution. The market valuation is witnessing upward trends due to the transition towards smart grid systems and electrification initiatives.

    In August 2023, Encore Wire announced strategic partnerships aimed at improving manufacturing efficiencies, while General Cable is advancing its sustainable practices, impacting overall market dynamics positively. Notably, the merger between TE Connectivity and Nexans, finalized in July 2023, has bolstered their competitive positioning in the overhead cable sector. Looking back, in 2021, Sterlite Technologies launched a new range of sustainable overhead cables that set the benchmark for energy efficiency and durability. The overarching trend reflects a consolidation of leading companies focused on innovation and sustainability, positioning the US market for continued expansion within the renewable energy landscape and infrastructure upgrades.

    Future Outlook

    US Overhead Power Cables Market Future Outlook

    The overhead power-cables market is projected to grow at a 6.63% CAGR from 2024 to 2035, driven by infrastructure investments, renewable energy integration, and technological advancements.

    New opportunities lie in:

    • Development of smart grid technologies for enhanced efficiency.
    • Expansion into renewable energy sectors with specialized cables.
    • Implementation of predictive maintenance solutions to reduce downtime.

    By 2035, the market is expected to achieve robust growth, driven by innovation and strategic investments.

    Market Segmentation

    US Overhead Power Cables Market Voltage Outlook

    • 100kV-250kV
    • 251kV-400kV
    • Above 400kV

    US Overhead Power Cables Market End User Outlook

    • Utility
    • Industrial

    Report Scope

    MARKET SIZE 2024 13.56(USD Billion)
    MARKET SIZE 2025 14.46(USD Billion)
    MARKET SIZE 2035 27.48(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.63% (2024 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled General Cable (US), Nexans (FR), Prysmian Group (IT), Southwire Company (US), Apar Industries (IN), LS Cable & System (KR), Sumitomo Electric Industries (JP), Furukawa Electric (JP)
    Segments Covered Voltage, End User
    Key Market Opportunities Integration of advanced materials enhances efficiency and sustainability in the overhead power-cables market.
    Key Market Dynamics Rising demand for renewable energy sources drives innovation in overhead power-cables technology and infrastructure development.
    Countries Covered US

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    FAQs

    What is the expected value of the US Overhead Power Cables Market in 2024?

    The US Overhead Power Cables Market is expected to be valued at 16.5 billion USD in 2024.

    What will be the expected market size in 2035?

    By 2035, the US Overhead Power Cables Market is projected to reach a value of 37.5 billion USD.

    What is the anticipated CAGR for the market from 2025 to 2035?

    The US Overhead Power Cables Market is expected to grow at a CAGR of 7.749% from 2025 to 2035.

    Which voltage segment is expected to dominate the market by 2035?

    The 100kV-250kV voltage segment is projected to be valued at 14.0 billion USD by 2035.

    What is the projected market value of the 251kV-400kV segment in 2035?

    The 251kV-400kV segment is expected to reach a market value of 11.5 billion USD by 2035.

    Who are the key players in the US Overhead Power Cables Market?

    Major players in the market include Marmon Utility, Prysmian Group, and Southwire among others.

    What is the market value for the Above 400kV segment in 2024?

    The Above 400kV segment of the market is valued at 5.5 billion USD in 2024.

    What opportunities are expected to drive growth in the Overhead Power Cables Market?

    Infrastructure development and increasing demand for electricity are key growth drivers in the market.

    What challenges currently face the US Overhead Power Cables Market?

    Challenges include fluctuating raw material prices and regulatory hurdles in the energy sector.

    What impact do current global conflicts have on the Overhead Power Cables Market?

    Current global conflicts may impact supply chains and increase costs within the Overhead Power Cables Market.

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