Prysmian Group North America

What Prysmian Group North America does

Prysmian Group North America is the U.S.-based regional operating unit of Prysmian Group S.p.A., an Italian publicly traded cable manufacturer listed on the Milan Stock Exchange (ticker: PRY). The North American business produces wire and cable products serving four core market segments: Transmission (submarine power cables and land HVDC systems), Power Grid (distribution cables, overhead transmission, HVAC, accessories, OPGW), Digital Solutions (optical fiber, telecom and enterprise networks, submarine telecom), and Electrification (industrial, construction, and specialty cables for verticals including mining, nuclear, oil & gas, renewables, military & defense, and transportation). The division operates more than 50 facilities across the U.S. and Canada, employs over 9,000 people, and has acquired Encore Wire to expand its building wire and electrical distribution presence.

The company's technology stack centers on cross-linked polyethylene (XLPE) cable manufacturing — a process that, per industry reporting, commands 70–75% of U.S. medium-voltage cable volume — as well as high-voltage direct current (HVDC) submarine and land cable systems used for long-distance power transmission and grid interconnections. Prysmian is one of the few vendors globally capable of executing multi-billion-euro submarine interconnection projects, evidenced by its €3.5 billion Eastern Green Link 4 contract with Iberdrola/SP Energy Networks for ~640 km of submarine cable and 2,000 MW of converter capacity. A complementary asset monitoring and electronics line provides real-time infrastructure surveillance.

Prysmian North America generates revenue primarily through direct enterprise sales to utilities, contractors, and industrial customers. Pricing is quote-based and not publicly disclosed; orders flow through direct field sales teams and a customer portal for account management. Copper represents 55–65% of finished cable cost, exposing gross margins to commodity cycles. The business has invested roughly $20 million in R&D and positions itself around a "Made Right Here" domestic-manufacturing initiative aimed at winning federally supported infrastructure programs, which is meaningful given the scale of North American grid modernization and renewable interconnection demand.

Name

Prysmian Group North America

Legal name

Prysmian Group North America

Website

https://na.prysmiangroup.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Prysmian Group North America manufactures wire and cable products for utilities, contractors, and industrial customers across transmission, power grid, digital, and electrification markets, operating 50+ facilities with 9,000+ employees.

Ownership category

akta.pro rank

Product category

Wire and Cable Manufacturing

NAICS

Communication and Energy Wire and Cable Manufacturing (33592), Electrical Equipment Manufacturing (33531), Switchgear and Switchboard Apparatus Manufacturing (335313), Other Communications Equipment Manufacturing (33429)

SIC

Electrical Industrial Apparatus (3620), Switchgear & Switchboard Apparatus (3613), Communications Equipment, Nec (3669)

akta.pro primary industry

HVDC Cables & Overhead Lines (Subsea, Underground, Overhead) (EUADAMAB)

akta.pro secondary industries

Industrial Power Cable (MV/HV) (IMADAMAB), Utility & Underground Distribution Cable (URD/Substation) (IMADAMAG), Building Wire & Cable (Residential/Commercial) (IMADAMAA), Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF), Underground & Submarine Cable EPC (HV/EHV) (EUAEABAB)

Keywords

• Power transmission cables
• Submarine cable systems
• Telecom fiber optic cables
• Industrial cable solutions
• High voltage cables

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Power Transmission Products: Revenue from manufacturing and selling power transmission cables including submarine HVDC cables, land HVDC cables, and overhead transmission products for utility-scale infrastructure projects.
2. Power Grid Products: Revenue from power distribution cables, accessories, HVAC systems, and power grid infrastructure products for utilities and industrial applications.
3. Digital Solutions: Revenue from optical fiber cables, connectivity solutions, telecom network products, multimedia and enterprise network solutions.
4. Electrification Products: Revenue from industrial and construction cables, specialty cables for agriculture, crane, industrial lighting, military & defense, mining, nuclear, oil & gas, renewables, and transportation applications.
5. Asset Monitoring Systems & Electronics: Revenue from asset monitoring systems and electronic solutions for infrastructure monitoring.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Prysmian Group North America manufactures and sells wire and cable products for the energy and telecommunications sectors. The portfolio spans submarine and land high-voltage direct current (HVDC) power cables, power grid distribution and overhead transmission products, optical fiber and digital connectivity solutions, and industrial/construction/specialty electrification cables. Customers include utilities, contractors, and industrial buyers across transmission, power grid, digital, and electrification markets.

Product overview

Prysmian Group North America operates as a wire and cable manufacturer with a diversified product portfolio organized into core business segments. The company's offerings include Transmission (submarine power and Land HVDC cables), Power Grid (distribution, overhead transmission, HVAC, accessories, OPGW), Digital Solutions (optical fiber, telecom networks, connectivity, enterprise networks), Electrification (industrial & construction wire and cable), Specialties (vertical-specific solutions for Mining, Nuclear, Oil & Gas, Renewables, Military & Defense, and other industries), and Asset Monitoring Systems & Electronics. The portfolio is supplemented by acquired brand Encore Wire for building wire products. These product lines serve utility, industrial, commercial, and residential customers across energy transmission, distribution, telecommunications, and specialized industrial applications.

Differentiator

Problem solved

Functional benefit

Brands

• Encore Wire: Building wire and electrical distribution products, acquired brand now part of Prysmian portfolio
• Made Right Here

Products and services

• Transmission (Submarine Power and Land HVDC Cables) High-voltage power transmission solutions including submarine power cables and Land HVDC (High Voltage Direct Current) systems for long-distance electricity transport, serving utility and grid operator customers.
• Power Grid Power grid infrastructure solutions including power distribution cables, overhead transmission lines, HVAC systems, accessories, and OPGW (Optical Ground Wire) products for utilities and grid operators.
• Digital Solutions Connectivity and telecommunications infrastructure including optical fiber, multimedia and enterprise networks, telecom network solutions, and submarine telecom (NSW) systems for carriers, broadband providers, and enterprises.
• Electrification Wire and cable solutions for industrial, commercial, and residential electrification applications, including building wire, power cables, and specialized electrical products.
• Specialties Specialized cable solutions for niche industries including Agriculture, Crane, Industrial Lighting, Military & Defense, Mining, Nuclear, Oil & Gas, Renewables, and Transportation & Mobility applications.
• Asset Monitoring Systems & Electronics Electronic monitoring systems for power cable and network asset management, enabling real-time surveillance and predictive maintenance of cable infrastructure for utilities and grid operators.
• Encore Wire (Building Wire and Electrical Distribution) Building wire and electrical distribution products serving the U.S. construction market, acquired brand now operating within Prysmian's North America portfolio.

Quantifiable outcome

• Powering over 1.5 million homes through Eastern Green Link 4 project
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• Iberdrola (SP Energy Networks)flagshipStrategic or Co-development Partner · 30 March 2026Iberdrola, through its British subsidiary SP Energy Networks, awarded contracts to Prysmian for the Eastern Green Link 4 project, a submarine electrical interconnection between Scotland and England valued at €3.5 billion. The project involves installing approximately 640 km of submarine cable and two HVDC converter stations with 2,000 MW capacity, scheduled for 2033 completion. Iberdrola plans to invest €14 billion in UK transmission networks by 2031.
• Siemens EnergycoreStrategic or Co-development PartnerSiemens Energy is partnered with Prysmian on the Eastern Green Link 4 project, providing HVDC converter stations while Prysmian provides the submarine cable system. Both companies are key contractors on this €3.5 billion infrastructure project.
• Encore WireflagshipStrategic or Co-development PartnerPrysmian completed the acquisition of Encore Wire, which continues to operate as a partnership providing expanded product portfolio and improved service offerings. Encore Wire brings expertise in building wire and electrical distribution products, complementing Prysmian's existing capabilities.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Furukawa Electric: Japanese manufacturer of power cables, optical fiber, and telecom cables. Overlaps with Prysmian across HVDC transmission and telecom fiber, with growing North American fiber footprint.
• Southwire Company: Privately held North American wire and cable manufacturer and Prysmian's primary competitor in building wire, utility distribution, and MV/HV industrial cable. Direct overlap especially after Prysmian's Encore Wire acquisition.
• LS Cable & System: South Korean cable manufacturer with growing global presence in HVDC submarine, underground transmission, and distribution cables. Competes with Prysmian on utility-scale transmission projects and increasingly in North America.
• Nexans: French global cable manufacturer with direct overlap across power transmission (including submarine HVDC), power distribution, and telecom cables. Closest like-for-like competitor to Prysmian worldwide, including in HVDC submarine interconnections.
• CommScope Holding: US-based connectivity and cable solutions provider for telecom, enterprise, and broadband networks. Overlaps with Prysmian's Digital Solutions segment, especially fiber optic and MDU drop cable markets.
• Belden Inc. US-based manufacturer of specialty cables for industrial, enterprise networking, and broadcast. Overlaps with Prysmian's Digital Solutions and specialty industrial cable segments.
• NKT A/S: Danish cable manufacturer specializing in HVDC and high-voltage AC power cables, including submarine interconnections. Direct competitor in North Sea and transatlantic HVDC project bids.
• Sumitomo Electric Industries: Japanese diversified cable and wire manufacturer with significant HVDC submarine cable capability and broad industrial cable portfolio. Direct competitor in subsea interconnections and high-voltage transmission cables.

Broad incumbents

• ABB Ltd: Broad incumbent in electrification and motion automation. Competes in adjacent grid hardware (switchgear, protection, HVDC converter technology) and is a frequent project partner/competitor in HVDC system delivery.
• Hitachi Energy: Broad incumbent in power grid equipment, transformers, and HVDC converter stations. Adjacent to Prysmian's cable business through converter station partnerships on submarine HVDC projects (e.g., competes/co-develops with Prysmian on Eastern Green Link projects).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PrysmianNA
• YouTubeyoutube.com/@PrysmianNorthAmerica
• Facebookfacebook.com/PrysmianNorthAmerica
• LinkedInlinkedin.com/company/prysmian
• Instagraminstagram.com/prysmian_

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prysmian Group North America