The North America Low Voltage Cable Market was valued at USD 12,850 Million in 2025 and is expected to reach USD 23,420 Million by 2035, expanding at a CAGR of 6.1% from 2024 to 2035. The market is witnessing robust growth owing to evolving energy transmission infrastructure, increasing investments in renewable energy projects, and rapid urbanization trends across North America. Rising adoption of smart grid technologies and a surge in electrification projects are further propelling demand for low voltage cables in the region.
The economic impact of tariffs on "North America Low Voltage Cable Market".
Market Growth Drivers
Expansion of renewable energy infrastructure: The shift towards renewable energy sources such as solar and wind power across North America is driving demand for low voltage cables used in energy transmission and distribution setups. For instance, Nexans, a prominent manufacturer in the region, has been actively supplying cables to new solar farms in North America, enabling efficient and safe transmission of generated electricity. The expansion of utility-scale renewable installations requires high-quality, durable low voltage cabling solutions to connect arrays and inverters, ensuring optimal performance and reliability.
Growth in electric vehicle (EV) charging infrastructure: The rapid growth of EV adoption is necessitating extensive EV charging infrastructure across the United States and Canada. Companies like Southwire Company LLC are playing a crucial role by providing low voltage cables for Level 2 and DC fast-charging stations. The increase in government incentives for EV adoption and the push for sustainable mobility solutions are prompting utilities and private sector companies to invest significantly in modernizing electrical infrastructure, boosting demand for efficient and durable low voltage cables in public and private charging applications.
Market Trends
Rise of smart grid deployments and digitalization: Utilities in North America are adopting smart grid technologies to optimize energy efficiency and manage grid reliability. This trend is increasing the need for advanced low voltage cables capable of supporting data transmission, connectivity, and communication among decentralized grid components. Prysmian Group, for example, has launched digital cable solutions with integrated sensors for grid monitoring, supporting grid automation and preventive maintenance strategies.
Implementation of fire-resistant and halogen-free cables: Increased regulatory focus on safety and environmental compliance has resulted in the adoption of fire-resistant and low smoke halogen-free (LSHF) cables for residential, commercial, and industrial applications. General Cable (a Prysmian Group brand) has expanded its LSHF product ranges, addressing growing demand from data centers, hospitals, transport hubs, and other safety-critical environments in North America seeking to reduce the risk of hazardous emissions during fires.
Market Opportunity
Integration of renewable microgrids: There is a significant opportunity for low voltage cable suppliers to support the integration of renewable microgrids, especially in remote and off-grid communities. Companies such as Encore Wire are developing tailored cable solutions, which are critical for efficient energy transfer and management within community microgrids, thereby enabling energy access and resilience.
Smart city infrastructure expansion: The ongoing smart city projects in major North American metropolitan areas represent a lucrative opportunity for cable manufacturers. BELDEN is leveraging its expertise in connected infrastructure to offer innovative low voltage cabling suited to IoT networks, intelligent lighting, and surveillance systems, positioning itself as a key partner in urban modernization initiatives.
North America Low Voltage Cable Market Revenue (USD Million), 2020-2035
The North America Low Voltage Cable Market demonstrates a steady and significant upward trajectory in revenue generation from 2020 to 2035. The market starts at approximately USD 8,900 Million in 2020 and witnesses consistent growth, reaching an estimated USD 23,420 Million by 2035. The compound annual growth rate (CAGR) stands at 6.1%, reflecting robust investments in electrification, grid modernization, and renewable energy projects across the region. The chart highlights key inflection points post-2025, coinciding with accelerated adoption of EV infrastructure and smart city initiatives. This steady growth trajectory indicates sustained market opportunities driven by technological innovations and regulatory support for energy sustainability.
North America Low Voltage Cable Market by Region Share (%), 2025
The regional market share distribution for 2025 reveals the United States dominating the North America Low Voltage Cable Market with 68% share, driven by its expansive infrastructure projects and higher renewable energy installations. Canada accounts for 18%, reflecting its investments in grid modernization and green building codes. Mexico holds a 10% share, benefiting from growing manufacturing and industrialization. The Caribbean and other Central American regions collectively account for the remaining 4%. These proportions reflect differences in economic scale, infrastructure, and regulatory landscape across North American countries, underlining the growth potential notably in Canada and Mexico over the next decade.
Recent Developments
In April 2024, Nexans announced the opening of its new plant dedicated to the manufacturing of fire-resistant and halogen-free low voltage cables in South Carolina, USA. This facility is designed to fulfill increasing regional demand from both the construction and renewable energy sectors. The plant is equipped with advanced automation, and its product lines align with strict North American safety regulations.
In June 2024, Southwire Company launched a new line of eco-friendly low voltage cables made from 100% recycled copper and aluminum for commercial and residential buildings. The initiative supports Southwire’s commitment to sustainability and provides developers with green-certified materials, responding to the growing demand for environmentally responsible construction supplies.
In May 2024, Prysmian Group unveiled its latest generation of digital-ready low voltage cables for smart grid and IoT-enabled infrastructure in North America. These cables feature integrated fiber optic elements to enhance monitoring and predictive maintenance capabilities, supporting utility clients’ transition to fully digitalized grid environments.
Press Releases