United States Power Cables with Plastic Insulation Market was valued at USD 8 Billion in 2022 and is projected to reach USD 12 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The US Power Cables with Plastic Insulation Market has been growing steadily, driven by the expanding need for efficient, safe, and cost-effective electrical systems. The market for these cables, essential for transmitting power across cities, industries, and homes, has been reshaped by the adoption of plastic materials in insulation, offering advantages such as durability, affordability, and enhanced performance. As electrical infrastructure evolves, the demand for these cables continues to rise, fueled by advancements in technology and a push for more sustainable and reliable energy sources.
Plastic insulation has become a preferred choice due to its resilience against environmental factors like moisture, heat, and physical damage. These cables are not only resistant to corrosion but also provide excellent electrical performance, ensuring minimal energy loss. This makes them a suitable choice for a wide range of applications, from residential to heavy industrial power transmission. Additionally, with increasing urbanization and ongoing infrastructure development, particularly in smart grids and renewable energy projects, plastic-insulated power cables are in high demand.
The US power cables market is also witnessing a shift toward more eco-friendly materials, driven by sustainability concerns and government regulations. Plastic-insulated cables, particularly those using low-smoke zero-halogen (LSZH) materials, offer a safer alternative in public spaces and are being adopted in a wide range of construction projects. Moreover, the rising focus on energy efficiency and the push toward cleaner energy systems are enhancing the role of these cables in the electrical grid, especially as more areas transition to renewable sources of energy.
Statistics show that the demand for these cables is forecast to grow at a compound annual growth rate (CAGR) of 6% through the next decade. As the market adapts to new technological requirements, such as high-speed data transmission and 100 Gigabit Fiber Optic Transceiver Market integrations, manufacturers continue to innovate, offering products that meet the needs of an increasingly power-hungry world.
With the surge in infrastructure projects, the development of smart cities, and the ever-increasing energy needs of modern society, the US power cables market shows no signs of slowing down. In fact, the demand for plastic-insulated power cables will likely continue to surge as new energy systems come online, ensuring that power is efficiently delivered and managed across the nation.
Get an In-Depth Research Analysis of the US Power Cables with Plastic Insulation Market Size And Forecast [2025-2032]
Nexans
Shchuchin Plant
Allied Wire & Cable
JEM Electronics
Southwire Company
Prysmian Group
Viakable
Belden
Qingdao Hanhe Cable
Wuxi Jiangnan Cable
GOLD CUP
Ningbo Orient Wires & Cables
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the US Power Cables with Plastic Insulation Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the US Power Cables with Plastic Insulation Market
Polyvinyl Chloride (PVC)
Polyethylene (PE)
Polypropylene (PP)
Thermoplastic Elastomer (TPE)
Polyvinylidene Fluoride (PVDF)
Low Voltage (up to 1 kV)
Medium Voltage (1 kV to 36 kV)
High Voltage (above 36 kV)
Residential
Commercial
Industrial
Utilities
Renewable Energy Sources (Solar, Wind)
Single Core
Multi-Core
Armored Cables
Unarmored Cables
Construction Industry
Telecommunications
Power Generation
Manufacturing
Transportation and Logistics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Power Cables with Plastic Insulation Market Research Analysis
1. Introduction of the US Power Cables with Plastic Insulation Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Power Cables with Plastic Insulation Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Power Cables with Plastic Insulation Market, By Type
6. US Power Cables with Plastic Insulation Market, By Application
7. US Power Cables with Plastic Insulation Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Power Cables with Plastic Insulation Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading US Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/