in News Departments > New & Noteworthy
print the content item

The North American wire and cable materials market earned revenues of $1.92 billion in 2012 and will reach $2.53 billion in 2018, finds a new report from Frost & Sullivan.

The report, which covers the segments of power cables, building wires and communication cables, says that improving economic conditions in the short term and growth in construction and infrastructure activities will result in an increasing demand for cables and, subsequently, the materials that comprise them.

Growth in revenue is also driven by the shift of the industry toward higher-performance materials, especially in the power sector, the report adds.

"Overhead lines are generally bare conductors, where air acts as the insulation; underground cables, however, require plastic insulation, jacketing and sheathing materials," says Frost & Sullivan analyst Anita Pamu. "Thus, the growth of the underground [transmission and distribution] market will accelerate the sales of cable materials within this segment."



Hybrid Energy Innovations

Hybrid Energy Innovations 2015
Latest Top Stories

Global Smart Grid Tech Revenue Slated For Solid Growth

According to a report from Navigant Research, annual revenue for smart grid technologies will reach over $70 billion within the next 10 years.


Utilities Partner With Energy Storage To Harness Renewables

As utilities struggle to incorporate the increased use of intermittent renewable energy resources, such as solar and wind power, onto the grid, the power providers are looking to energy storage.


Smart Meter Fire Probe Points To Sensus Design 'Shortcomings'

There has been more fallout in Saskatchewan: An investigation into SaskPower's halted smart meter program says Sensus Generation 3.3 units "have a tendency to leak" and the utility mishandled the rollout.


Two Years After Superstorm Sandy, Utilities Highlight Grid Efforts

As the U.S. reflects on the monster hurricane that struck in October 2012, utilities note what they have done to help protect against future severe weather.


USDA Invests $1.4 Billion To Boost Rural Grids Around The Country

The U.S. Department of Agriculture (USDA) has announced more loan guarantees for rural power companies and renewable energy firms in 21 states.

S&C Electric_id176
edf_id180