Report Code: A15954 | Pages: NA | Jul 2023 | 1768 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aluminum Cable Market
Request Now !Aluminum cables or wires are the wires drawn out of the aluminum metal and is a type of high-capacity, high-strength stranded conductor typically used in overhead power lines. The increase in penetration of aluminum wire in lightweight vehicles is projected to benefit the aluminum wire market over the coming years. The demand for aluminum wire is significantly high in automotive and electrical industries. The aluminum wire is widely used in building electrical fittings, transformers, automotive, and electrical appliances. The high of aluminum wire is attributed to its high strength, lightweight, and casting. Excellent corrosion resistance and versatility in extrusion are other properties of aluminum wire, which boosts its demand across the globe. Copper wires act as a substitute and are less costly compared to aluminum wires owing to their properties, which includes high ductility, strength of fractures, and high electrical conductivity, which makes them desirable in various applications, which is expected to hamper the growth of the market and affect the price trend.
Market scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Type and Application |
Companies Covered | Harris Cyclery, Prysmian SpA, General Cable Technologies Corporation, Nexans, NKT Cables, ABB, Sumitomo Electric Industries, Encore Wire Corporation, Finolex Cables Limited, and Polycab Wires Pvt. |
COVID-19 Impact AnalysisÂ
Top Impacting Factors
The rise in application of aluminum wire in various industries is expected to boost the demand for aluminum cable in the global aluminum market. Food and beverages, automotive, and customer electronics are some of the key industries, in which aluminum wires are used extensively. Non-toxic nature of aluminum will preserve food for longer duration and prevents the growth of micrograms. These factors increase its demand in the food & beverages industry. The demand for aluminum also increases the automotive industry as it reduces weight of the vehicle to increase the fuel economy. Moreover, manufacturers now prefer aluminum to steel mainly to reduce weight without compromising strength and carrying capacity of the vehicle.
Market Trends
Key Benefits of Report
This study presents the analytical depiction of the aluminum cable industry along with the current trends and future estimations to determine the imminent investment pockets.
Questions Answered in Aluminum Cable Market Report
Aluminum Cable Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Application |
|
By Region |
|
Key Market Players | Kaiser Aluminum Corporation, Southwire Company, Llc, Sam Dong, Novametal Group, Finolex Cables, Company 9, Southern Cable Sdn Bhd, Company 10, Vedanta Resources Limited, RUSAL Plc |
Loading Table Of Content...
Start reading.
This Report and over 54,639+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers