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The market size for cables in North and South America is estimated to reach 10.9 billion USD by 2029, growing from 8.7 billion USD in 2024, with a projected CAGR of 4.5% during the forecast period.
The market is expanding due to industrial growth, urbanization, and infrastructure development. Additionally, the increasing demand for electricity, telecommunications, and renewable energy is driving the need for advanced cable solutions. Furthermore, technological advancements in the cable manufacturing industry, such as the development of smart cable systems and high-performance insulating materials, are promoting market expansion.