North America MV 105 Cable Market Research Report Information by Voltage (Up to 5kV, Above 5kV), by Installation Type (Overhead, Underground), by Jacket Type (PVC (Polyvinyl Chloride) Jacket, PE (Polyethylene) Jacket, XLPE (Cross-Linked Polyethylene) Jacket, Others), by Insulation Type (PVC (Polyvinyl Chloride), PE (Polyethylene), XLPE (Cross-Linked Polyethylene), EPR (Ethylene Propylene Rubber), Others), by Material (Copper, Aluminium), by End Use Industry (Industrial, Energy & Power, Oil & Gas, Aerospace & Defence, IT & Telecommunication,

North America MV 105 Cable Market Overview

The North America MV 105 Cable Market was valued at USD 1.84 Billion in 2024. The MV 105 Cable Market industry is projected to grow from USD 1.92 Billion in 2025 to USD 3.16 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.1% during the forecast period (2025-2035)

The growing renewable energy installations and infrastructure upgrades and expansion are driving the growth of the MV 105 Cable market.

As per the Analyst at MRFR, the North America MV-105 Cable Market is primarily driven by the growing adoption of renewable energy installations and the ongoing infrastructure upgrades across the region, as utilities and industries seek to enhance their power distribution capabilities. The market is further fueled by the expansion and modernization of electrical grids to accommodate higher demand and newer technologies. However, the market faces challenges such as high initial investment costs and the volatility in raw material prices, which can impact on the overall affordability and availability of MV-105 cables. Despite these restraints, there are significant opportunities driven by the increasing demand for power resulting from urbanization and industrialization, which is expected to boost the need for reliable and efficient medium-voltage cables to support expanding energy networks.

 FIGURE 1: NORTH AMERICA MV 105 CABLE MARKET VALUE (2019-2035) USD BILLION

 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North America MV 105 Cable Market Opportunity

Increasing Demand for Power in Urbanization and Industrialization

As urban populations in North America continue to grow, the demand for reliable electricity for residential, commercial, and industrial purposes increases. Large metropolitan areas such as New York City, Los Angeles, and Toronto are witnessing rapid urban growth, with new buildings, shopping complexes, and infrastructure developments requiring robust electrical systems. This surge in demand is pushing utilities to upgrade their power transmission and distribution networks to accommodate higher energy needs. For instance, in cities like Houston, where rapid population growth has increased electricity consumption, MV-105 cables are being deployed as part of grid expansion projects. These cables are crucial for efficiently distributing electricity across densely populated areas, ensuring uninterrupted power supply to homes, businesses, and critical infrastructure. 

As cities continue to grow and energy demand intensifies, the need for medium-voltage cables, including MV-105, becomes more pressing. Industrialization is another key factor driving the demand for power in North America. As industries expand and new manufacturing facilities, data centres, and processing plants are established, there is a corresponding rise in energy demand. These industries rely heavily on stable and high-capacity electricity supply, which necessitates the development and upgrading of power transmission infrastructure. For example, the automotive and technology sectors, particularly in areas such as the Midwest (e.g., Detroit) and Silicon Valley, require significant energy for operations, including factory machinery, cooling systems, and IT infrastructure.

North America MV 105 Cable Market Segment Insights

MV 105 Cable by Voltage Insights

Based on voltage, the MV-105 cable market is segmented into Up to 5kV, Above 5kV. The Above 5kV segment dominated the North America market in 2024, while Up to 5kV segment is projected to be the fastest–growing segment during the forecast period. The Above 5kV segment of the MV-105 cable market includes cables designed for higher medium voltage applications, typically ranging from 6kV to 35kV or more. These cables are used in more demanding environments, such as large industrial plants, electrical substations, and high-voltage distribution networks for commercial and utility applications. 

The cables in this segment are built to handle larger electrical loads and are often required for long-distance transmission, making them critical for the safe and efficient distribution of electricity over broader regions. With enhanced insulation and durability, these cables are suited for both underground and overhead installations, ensuring reliable performance under heavy electrical stress and challenging environmental conditions.

MV 105 Cable by Installation Insights

Based on installation, the MV-105 cable market is segmented into Overhead, Underground. The Overhead segment dominated the North America market in 2024, while Underground segment is projected to be the fastest–growing segment during the forecast period. The Overhead segment of the MV-105 cable market includes cables designed for aerial installations, typically mounted on poles or structures above the ground. 

These cables are commonly used in power distribution networks, especially in rural or less densely populated areas, where installing underground cables may be more costly or impractical. Overhead MV-105 cables are designed to withstand environmental factors like wind, rain, and UV exposure, providing long-lasting performance. They are also easier to repair and maintain compared to underground cables, which makes them a cost-effective solution for medium voltage power distribution in certain areas.

MV 105 Cable by Jacket Type Insights

Based on jacket type, the MV-105 cable market is segmented into PVC (Polyvinyl Chloride) Jacket, PE (Polyethylene) Jacket, XLPE (Cross-Linked Polyethylene) Jacket, Others. The PVC (Polyvinyl Chloride) Jacket segment dominated the North America market in 2024, while PE (Polyethylene) Jacket segment is projected to be the fastest–growing segment during the forecast period. PVC (Polyvinyl Chloride) Jacket is a widely used thermoplastic material known for its versatility, durability, and cost-effectiveness, making it the most common choice for cable jacketing. 

PVC offers a good balance of performance characteristics, including resistance to UV, chemicals, and water, along with durability in various environmental conditions. PVC jackets provide good protection against moisture, chemicals, and mechanical damage, making them suitable for a range of medium voltage applications. These cables are commonly used in environments where additional protection from external elements is required, and where cost considerations play an important role. PVC jackets are typically preferred in less demanding industrial, commercial, and residential installations due to their durability and ease of handling.

MV 105 Cable by Insulation Type Insights

Based on insulation type, the MV-105 cable market is segmented into PVC (Polyvinyl Chloride), PE (Polyethylene), XLPE (Cross-Linked Polyethylene), EPR (Ethylene Propylene Rubber), Others. The EPR (Ethylene Propylene Rubber) segment dominated the North America market in 2024, while PVC (Polyvinyl Chloride) segment is projected to be the fastest–growing segment during the forecast period. EPR (Ethylene Propylene Rubber) insulation is known for its excellent resistance to heat, moisture, and chemicals, making it a popular choice for applications where cables are exposed to extreme environmental conditions. 

EPR insulation provides outstanding flexibility and is highly resistant to aging, ozone, and ultraviolet radiation, making it ideal for both indoor and outdoor installations. It is commonly used in industries like oil and gas, mining, and chemical processing, where cables need to endure harsh working environments and high temperatures. EPR insulation has excellent dielectric properties, but it tends to be more expensive than PVC or PE.

MV 105 Cable by Material Insights

Based on material, the North America MV 105 Cable Market is Segmented into Copper, Aluminium. The Copper segment dominated the North America market in 2024, while the Aluminium segment is projected to be the fastest–growing segment during the forecast period. Copper is one of the most commonly used materials for conductors in MV-105 cables due to its exceptional electrical conductivity, making it an ideal choice for medium-voltage power transmission and distribution. 

Copper’s low resistivity ensures minimal power loss during transmission, which improves the overall efficiency of the cable and reduces the risk of overheating. Additionally, copper is highly durable and resistant to corrosion, making it suitable for use in harsh environments where reliability is crucial. Although copper cables tend to be more expensive than aluminum, their superior electrical and mechanical properties make them the preferred choice in critical applications such as industrial plants, energy distribution systems, and renewable energy projects, where high performance and long-term reliability are essential.

FIGURE 2: NORTH AMERICA MV 105 CABLE MARKET SHARE BY MATERIAL 2024 AND 2035 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

MV 105 Cable System by End Use Industry Insights

Based on end use industry, the MV-105 cable market is segmented into Industrial, Energy & Power, Oil & Gas, Aerospace & Defence, IT & Telecommunication, Commercial. The Energy & Power segment dominated the North America market in 2024, while the Aerospace & Defence segment is projected to be the fastest–growing segment during the forecast period. In the Energy & Power sector, MV-105 cables are integral to the transmission and distribution of electrical power across various grids, substations, and renewable energy projects. 

These cables play a critical role in medium-voltage networks, facilitating the flow of electricity from power plants, solar farms, wind turbines, and other energy sources to local grids and consumers. As renewable energy projects continue to expand globally, the demand for MV-105 cables increases, as they are essential for the safe and efficient integration of green energy into existing power systems. Their high-temperature tolerance, excellent insulation properties, and ability to handle large currents make them a key component in maintaining the stability and reliability of modern power infrastructure.

MV 105 Cable Country Insights

Based on country, the North America MV 105 Cable Market is Segmented into U.S., Canada and Mexico. The U.S dominated the North America market in 2024, while the Mexico is projected to be the fastest–growing segment during the forecast period. The United States is the largest market for MV 105 cables in North America, driven by extensive investments in power infrastructure modernization, grid reliability, and renewable energy integration. 

The country has a well-established industrial base, high urbanization, and significant demand for electricity transmission and distribution networks, which boost the adoption of MV 105 cables.

FIGURE 3: NORTH AMERICA MV 105 CABLE MARKET VALUE BY COUNTRY 2024 AND 2035 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North America MV 105 Cable Key Market Players & Competitive Insights

Many North America, regional, and local vendors characterize the MV 105 Cable Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major competitors in the market are AMERCABLE, Ls Cable & System, 1x Technologies LLC , Service Wire, Prysmian Group, Thompson Global Wire Solutions, CME Wire and Cable, Southwire, Amphenol TPC Wire & Cable, Tele-FONIKA Kable (TFK) among others. The North America MV 105 Cable Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the North America MV 105 Cable Market include

• AMERCABLE
• Ls Cable & System
• 1x Technologies LLC
• Service Wire
• Prysmian Group
• Thompson Global Wire Solutions
• CME Wire and Cable
• Southwire
• Amphenol TPC Wire & Cable
• Tele-FONIKA Kable (TFK)

North America MV 105 Cable Market Segmentation

MV 105 Cable by Voltage Outlook

• Up to 5kV
• Above 5kV

MV 105 Cable by Installation Type Outlook

• Overhead
• Underground

MV 105 Cable by Jacket Type Outlook

• PVC (Polyvinyl Chloride) Jacket
• PE (Polyethylene) Jacket
• XLPE (Cross-Linked Polyethylene) Jacket
• Others

MV 105 Cable by Insulation Type Outlook

• PVC (Polyvinyl Chloride)
• PE (Polyethylene)
• XLPE (Cross-Linked Polyethylene)
• EPR (Ethylene Propylene Rubber)
• Others

MV 105 Cable by Material Outlook

• Copper
• Aluminium

MV 105 Cable by End Use Industry Outlook

• Industrial
• Energy & Power
• Oil & Gas
• Aerospace & Defence
• IT & Telecommunication
• Commercial

MV 105 Cable Regional Outlook

• North America
• US
• Canada
• Mexico

Report Attribute/Metric	Details
Market Size 2024	USD 1.84 Billion
Market Size 2025	USD 1.92 Billion
Market Size 2035	USD 3.16 Billion
Compound Annual Growth Rate (CAGR)	5.1% (2025-2035)
Base Year	2024
Forecast Period	2025-2035
Historical Data	2019-2023
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Voltage, Installation Type, Jacket Type, Insulation Type, Material, End Use Industry
Geographies Covered	North America
Countries Covered	The US, Canada, Mexico
Key Companies Profiled	AMERCABLE, Ls Cable & System, 1x Technologies LLC, Service Wire, Prysmian Group, Thompson Global Wire Solutions, CME Wire and Cable, Southwire, Amphenol TPC Wire & Cable, Tele-FONIKA Kable (TFK)
Key Market Opportunities	·         Increasing Demand for Power in Urbanization and Industrialization ·         Growing demand in industrial and commercial sectors
Key Market Dynamics	·         Growing Renewable Energy Installations ·         Infrastructure Upgrades and Expansion