Aluminum Wire Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Product (Enamelled round and rectangular/flat aluminum wire, Paper insulated round and rectangular/flat aluminium wire, Fiber glass insulated round and rectangular/flat aluminium wire, Nomex insulated round and rectangular/flat aluminium wire, Mica insulated round and rectangular/flat aluminium wire, Cotton insulated round and rectangular/flat aluminium wire, Others); Application (Automobile, Circuit breakers, switches and meters, Home electrical appliances, Motors, rotating machine, Transformers, Shipping, Others) and Geography
Report Code: TIPRE00009485 No. of Pages: 150 Category: Chemicals and Materials Status: Upcoming
MARKET INTRODUCTION
Aluminum wires are elongated cylindrical strands of aluminum. They are generally inexpensive and weigh lighter than copper wires. Aluminum wires are extensively used in electrical utilities as they provide a better conductivity to weight ratio when compared to copper wires. They are therefore used in wiring power grids, including local power distribution lines and overhead power transmission lines. Aluminum alloy cables are also considered safe in applications such as building and home wiring.
MARKET DYNAMICS
The rising demand for aluminum wires in the construction industry as an inexpensive alternative to copper wires is anticipated to drive the demand for aluminum wires. Electricians, contractors, and home builders favor the uses of aluminum building wires in low voltage applications. As aluminum wires allow for cost savings and are lighter in weight, the demand for aluminum wires from home builders is anticipated to surge. Electrification projects in the developing and rural parts of Asia Pacific, Africa, and Latin America and the expansion of power grids in these regions is expected to create significant demand for aluminum wires in the forecast period. Moreover, the use of aluminum wires in the telecommunication and broadcasting industry has also led to a spurt in the growth of the aluminum wire industry. However, the high electrical resistance of aluminum wires, overheating, and the risks of fire hazards associated with the uses of aluminum wires are likely to restrict the uses of aluminum wires to few applications.
MARKET SCOPE
The "Global Aluminum Wire Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aluminum wire market with detailed market segmentation by product, application, and geography. The global aluminum wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aluminum wire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global aluminum wire market is segmented on the basis of product and application. On the basis of product, the aluminum wire market is segmented into, enamelled round & rectangular/flat aluminum wire, paper insulated round & rectangular/flat aluminium wire, fiber glass insulated round & rectangular/flat aluminium wire, nomex insulated round & rectangular/flat aluminium wire, mica insulated round & rectangular/flat aluminium wire, cotton insulated round & rectangular/flat aluminium wire, and others. On the basis of application, the market is bifurcated into, automobile, circuit breakers, switches & meters, home electrical appliances, motors, rotating machine, transformers, shipping, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global aluminum wire market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The aluminum wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the aluminum wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aluminum wire market in these regions.
The reports cover key developments in the aluminum wire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aluminum wire market are anticipated to lucrative growth opportunities in the future with the rising demand for aluminum wire in the global market. Below mentioned is the list of few companies engaged in the aluminum wire market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aluminum wire market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Aluminum wires are elongated cylindrical strands of aluminum. They are generally inexpensive and weigh lighter than copper wires. Aluminum wires are extensively used in electrical utilities as they provide a better conductivity to weight ratio when compared to copper wires. They are therefore used in wiring power grids, including local power distribution lines and overhead power transmission lines. Aluminum alloy cables are also considered safe in applications such as building and home wiring.
MARKET DYNAMICS
The rising demand for aluminum wires in the construction industry as an inexpensive alternative to copper wires is anticipated to drive the demand for aluminum wires. Electricians, contractors, and home builders favor the uses of aluminum building wires in low voltage applications. As aluminum wires allow for cost savings and are lighter in weight, the demand for aluminum wires from home builders is anticipated to surge. Electrification projects in the developing and rural parts of Asia Pacific, Africa, and Latin America and the expansion of power grids in these regions is expected to create significant demand for aluminum wires in the forecast period. Moreover, the use of aluminum wires in the telecommunication and broadcasting industry has also led to a spurt in the growth of the aluminum wire industry. However, the high electrical resistance of aluminum wires, overheating, and the risks of fire hazards associated with the uses of aluminum wires are likely to restrict the uses of aluminum wires to few applications.
MARKET SCOPE
The "Global Aluminum Wire Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aluminum wire market with detailed market segmentation by product, application, and geography. The global aluminum wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aluminum wire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global aluminum wire market is segmented on the basis of product and application. On the basis of product, the aluminum wire market is segmented into, enamelled round & rectangular/flat aluminum wire, paper insulated round & rectangular/flat aluminium wire, fiber glass insulated round & rectangular/flat aluminium wire, nomex insulated round & rectangular/flat aluminium wire, mica insulated round & rectangular/flat aluminium wire, cotton insulated round & rectangular/flat aluminium wire, and others. On the basis of application, the market is bifurcated into, automobile, circuit breakers, switches & meters, home electrical appliances, motors, rotating machine, transformers, shipping, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global aluminum wire market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The aluminum wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the aluminum wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aluminum wire market in these regions.
The reports cover key developments in the aluminum wire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aluminum wire market are anticipated to lucrative growth opportunities in the future with the rising demand for aluminum wire in the global market. Below mentioned is the list of few companies engaged in the aluminum wire market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aluminum wire market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Axon' Cable S.A.S.
- Condumex, Inc.
- General Cable Technologies Corporation
- Nexans S.A.
- Norsk Hydro ASA
- Novametal Group
- Priority Wire & Cable, Inc.
- Southwire Company
- Termomecanica
- Trefinasa