Aluminium Conductors Market: Global Opportunity Analysis and Industry Forecast, 2021-2031 Market

Aluminium conductors are high strength conductors used typically in overhead power lines and grids. Metals such as copper and aluminium have been used for the transmission of electricity for a long period of time due to high electrical conductivity and durability. These aluminium conductors are suspended over the ground via towers and are usually without insulation. Generally a number of thin wires are coiled round each other to create a conductor and the diameter of these conductors depends on the amount of electricity that needs to be transferred. Though the conductivity of copper is much more than that of aluminum, however based on the weight, aluminum can conduct up to 200% more electricity than copper since copper is much heavier than aluminum. Moreover, the sag created by the conductor between two poles is less. So, by using aluminum conductors the distance between the two poles can be extended. Depending on these factors, aluminum is preferred to transfer electricity.

Market scope and structure analysis:

COVID-19 scenario analysis:

• The outbreak of the COVID-19 pandemic has impacted the growth of the global aluminum conductors market to a great extent.
• The nationwide lockdowns imposed by the governments of different countries to contain the virus caused major irregularities in the business activities. Most of the manufacturing units were shut down due to lack of workforce. This has affected the manufacturers of aluminum conductors as well.
• Since the advent of the global pandemic, there has been a significant reduction in the demand for electricity across the globe. As a result, the power generation plants have been reducing the generation of electricity to compensate with the reduced consumption. This has decreased the demand for aluminum conductors in the market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The rapid infrastructural development and globalization around the world has propelled the demand for electricity and this has acted as major driver in the growth of the global aluminum conductor market. Initially, aluminum conductors having steel core were used to strengthen the wires. However, presently these steel cores have been severely corroded and there is a need for replacement. As a result, there is a massive demand for aluminum conductors for the replacement of the old electric grids. Moreover, aluminum is abundantly available which in turn reduces the fabrication cost. This is another growth factor that fosters the market growth. 

In terms of market share, North America and Europe holds a major share in the global aluminium conductor market due its extensive use in the power grids of the developed countries including the U.S., Canada, Germany, and the UK. The market in the Asia-Pacific region is also expected to witness a significant growth owing to the rapid infrastructural developments in the emerging economies such as India and China.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global aluminium conductors industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aluminium conductors market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aluminium conductors market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global aluminium conductors market analysis based on competitive intensity and how the competition will take shape in coming years.

 Aluminium Conductors Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights