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Electrical Wire in the US Procurement Price, Data and Insights
Electrical wiring, also referred to as building wiring, is used to provide power to buildings and structures. The key buyers include residential and nonresidential developers, utility companies, telecom companies and more.
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What’s included in this market coverage
IBISWorld's research coverage on the Electrical Wire procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Electrical Wire market in the United States includes THHN/THWN-2 Stranded Copper Wire, THHN/THWN-2 Solid Copper Wire, NM-B (ROMEX) Copper Wire, TFN/TFFN-2 Copper Wire, Bare Copper Wire, 14 AWG Copper Wire, 10 AWG Copper Wire and 6 AWG Copper Wire. Standard coding in this coverage includes HS-8544-Insulated Wire, Cable And Other Electric Conductors, Connector Fitted Or Not; Optical Fibre Cables Of Individually Sheathed Fibres, Whether Or Not Assembled With Electric Conductors Or Fitted With Co, ISIC-2733-Manufacture of wiring devices, NACE-27.33-Manufacture Of Wiring Devices, NAICS-335930-Wiring device manufacturing and UNSPSC-26121500-Electrical wire.
What common market terminology is included?
Common market terminology included in the Electrical Wire procurement coverage includes Switchgear (An electrical apparatus used to open and close circuits. It may also include devices that provide protection for apparatus connected to an electrical supply.), Electrical Cable (Two or more conductors bonded, braided or stranded together and covered by an outer cable jacket.) and Offshoring (The relocation of a company's operations overseas, typically to take advantage of lower production costs and other financial incentives.).
What companies are included as top suppliers?
The top companies covered in the Electrical Wire procurement report as suppliers are Standard Wire & Cable Co., Belden Inc., Nexans, The Okonite Company Inc. and Rea Magnet Wire Company Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Electrical Wire market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per 1,000 feet, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Electrical Wire market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Electrical Wire procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Electrical Wire market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Electrical Wire market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Electrical Wire?
The 2026 benchmark market price for Electrical Wire is $395 per 1,000 feet. Prices have increased at a CAGR of 3.33 from 2023-26.
Who are the top vendors in the Electrical Wire market?
The top vendors in the Electrical Wire market include Standard Wire & Cable Co., Belden Inc., Nexans, The Okonite Company Inc. and Rea Magnet Wire Company Inc..
What industries supply the Electrical Wire market?
The top industries supplying the Electrical Wire market are Aluminum Manufacturing in the US, Mineral Product Manufacturing in the US, Copper Rolling, Drawing & Extruding in the US, Copper, Nickel, Lead & Zinc Mining in the US, Plastic Pipe & Parts Manufacturing in the US and Plastic & Resin Manufacturing in the US.
What is the supply chain risk for Electrical Wire?
Moderate vendor risk and market concentration support flexibility but require enhanced due diligence. Buyers benefit from a fairly competitive market for electrical wire, in which even large dominant players are forced to compete on price and quality due to the homogeneity of products in this market. However, moderate average vendor risk means buyers face increased risk when selecting a supplier. While market competition offers negotiation leverage, moderate risk among vendors may necessitate a more thorough vendor qualification process. Buyers should perform robust supplier assessments and regularly benchmark performance, thus reducing the risk of disruption while enabling competitive bidding and access to innovation or specialized product offerings.
What factors affect the price of Electrical Wire?
Technical specifications such as wire gauge, insulation type, and voltage rating directly affect the cost of electrical wire, as higher gauge wires and specialized insulation materials typically incur greater manufacturing and material costs. For example, a copper wire with a thicker gauge and additional insulation for higher voltage applications will command a higher price compared to standard residential wiring, reflecting the increased complexity and safety standards required in its production.
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