The Medium Voltage Cables Market in North America, 2024-2032 - Regional Trends and Investment Opportunities for Termination Cables, Joints, XLPE Cables, and Other Cables [Yahoo! Finance]
SUMITOMO ELEC INDUS ADR (SMTOY)
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Source: Yahoo! Finance
The North America medium voltage cables market size is projected to grow at a CAGR of 4.5% between 2024 and 2032. Aided by the growing industrial activities and surging infrastructural development in the United States and Canada, the market is expected to significantly grow by 2032. The increasing demand for reliable and efficient power transmission and distribution systems is driving the North America medium voltage cables market growth. With the growing urbanisation and industrialisation in the region, there has been a significant rise in the consumption of electricity, necessitating the expansion and upgrade of power infrastructure. Additionally, the rising investments in renewable energy projects, such as wind and solar power, have further contributed to the increasing demand for medium-voltage cables, which are essential for connecting renewable energy sources to the grid. The ongoing infrastructure development and modernisation initiatives across the region play a significa
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