From 2022 to 2027, the Americas medium voltage cable market will grow at a compound annual rate of 5.1%

With the advancement of global decarbonization, the increasing generation of renewable energy, the rapid pace of industrialization and urbanization, and the modernization of traditional power infrastructure are driving the steady growth
of the medium-voltage cable market in the Americas.

According to Markets and Markets, the Americas medium-voltage cable market size will increase from the current $11.
1 billion to $14.
2 billion from 2022 to 2027, with a compound annual growth rate of 5.
1%
during the period.

At the same time, responses to natural disasters, weather-related accidents, and unpredictable power outages are driving the growth
of the medium-voltage cable market in the region.

The high priority given by governments in the Americas to achieving net-zero carbon emissions and the increased involvement of private companies in the production of renewable energy will drive the growth
of the medium-voltage cable market.
Government-led favorable wind power policies have attracted many large wind farm developers to enter the regional market
.
The development of wind and solar power site technologies, such as efficient cable infrastructure, has led to the installation of new wind and solar farms in the region, thereby providing more opportunities
for the Americas medium voltage cable market.

By insulation type, XLPE medium voltage cables are expected to be the most important segment
during the forecast period.
XLPE insulation is effective
at both high and low temperatures.
Due to its construction, XLPE is extremely resistant to abrasion, and it is also resistant to high voltage electricity, chemicals and other harmful substances
.
Cross-linked polyethylene is also a more affordable option
.

By regional market, the North America region will contribute
to the highest market share of medium-voltage cables in the Americas during the forecast period.
Medium-voltage cables are used to interconnect
equipment in large-scale renewable energy projects such as solar, offshore wind and hydroelectric dams.
They are also used to connect these projects to create private distribution networks and connect to the wider national grid
.
The increase in solar and wind power generation capacity in the United States is due to the country's ongoing efforts to decarbonize the power sector and address the environmental impact
of climate change.
Therefore, increasing wind and solar power generation in the U.
S.
is expected to drive the growth
of the medium-voltage cable market.

By voltage, the 60-100 kV segment is expected to grow
at the highest CAGR during the forecast period.
The Americas medium voltage cable market has been segmented into segments of 5 kV, 5–15 kV, 15–30 kV, 30–60 kV, and 60–100 kV
.
The 60-100 kV segment is expected to be the fastest growing segment during the forecast period, primarily for transmission and distribution networks
.

In addition, South America will also experience rapid growth
during the forecast period.
Brazil is the largest renewable energy market in South America, with hydro and wind power being the two main sources
of renewable energy generation.
Increasing investments in renewable energy are expected to be the major factors
driving the demand for the medium voltage cable market in South America.