2023년 February 7일
Uncategorized

2029년까지 구리 와이어 시장 규모, 향후 개발, 향후 동향 및 최고 공급업체 환경

The global copper wire market size is anticipated to witness substantial growth on account of the increasing demand from automotive industries. Copper wire is considered as the best conductor of electricity as they are malleable, have a high melting point and plasticity. Other characteristics of copper wire include thermal and electrical conductivity, resistance to corrosion, high ductility, and the ability to withstand fluid pressures. A recent report by Fortune Business Insights offers insights into the market and future growth prospects.

Get a Sample PDF Brochure:

www.fortunebusinessinsights.com/enquiry/request-sample-pdf/copper-wire-market-102331

What is the Scope of the Report?

The report offers an elaborate overview of the market with its prime growth promoting factors such as drivers, upcoming opportunities, restraints, and challenges. It provides details of the market segmentation and names of leading segments with attributed factors. Besides this, the report offers a list of players and the main strategies adopted by them to contribute the lion’s share. Furthermore, the report offers major industry developments, current trends, and other interesting insights. The report is available for sale on the company website.

Market Drivers

Increasing Application in Electronics will Aid in Expansion of Market

The increasing demand for electricity is a major factor in promoting copper wire market growth. In addition to this, the rise in demand or consumer electronics will also add a boost to the market in the forecast duration. Moreover, the rising application of copper wires for automobile designing and manufacturing is anticipated to promote growth.

On the contrary, the presence of substitutes such as aluminum may cause major challenges to the market in the coming years. Nevertheless, the physical properties of copper wires such as good thermal and electrical conductivity, tensile strength, resistance to corrosion, ductility, plasticity, and others are likely to propel its demand from various end-user companies in the coming years.

Regional Segmentation

Asia Pacific to Lead Market with Increasing Application in Electronic Products

On the basis of regional categorization, Asia Pacific holds the dominant copper wire market share attributable to the rise in the application of electronic products. This is followed by North America which is further expected to exhibit significant growth in the forecast duration on account of increasing demand from the construction industry for electric transmission and distribution. Besides this, the market in Europe is likely to contribute prominent shares owing to the vast application in automotive industries. Copper wires are used in automobiles for reducing the overall weight of the vehicle, thus providing fuel economy, along with efficiency, comfort, safety, and the overall design of the vehicle. Therefore, the fact that copper forms a key component in automobile manufacturing will increase its demand in the near future, thereby augmenting the market. Furthermore, the markets in Latin America and the Middle East and Africa are likely to witness sluggish growth in the forecast duration.

Competitive Landscape

Players Focusing on Improving Product Quality for Better Revenue Generation

Major players operating in this market are engaging in joint ventures, contracts and agreements, partnerships, mergers and acquisitions, and other collaborative efforts for gaining a strong position in the market competition. They are also investing heavily in improving the quality and production capabilities of existing cables for serving in various private and public sectors. Such initiatives taken by vendors are likely to attract high revenue to the overall market in the coming years.

List of Copper Wire Market Manufacturers include:

  • General Cable Technologies Corporation
  • Aviva Metals
  • Alan Wire Company
  • Tongling Jingda Electromagnetic Wire Co., Ltd.
  • Nexans
  • SH Copper Products Co., Ltd.
  • Prysmian Group
  • Luvata
  • Sumitomo Electric Industries Ltd.
  • NINGBO JINTIAN COPPER (그룹) CO., LTD.
  • (주)타퉁
  • 다른 플레이어

이 연구 보고서를 구입하기 전에 문의하십시오:

www.fortunebusinessinsights.com/enquiry/queries/copper-wire-market-102331

시장의 주요 산업 개발에는 다음이 포함됩니다.

2019년 4월 – International Wire Group Holdings, Inc.는 회사의 기술 능력을 확대하고 소비자에게 서비스를 제공하기 위해 Atlas Holdings에 인수되었습니다.

2019년 6월 – 세계 최대의 케이블 공급업체인 The Prysmian Group은 다목적 경량 네트워크 케이블인 Draka UC400 23 Cat과 협력 관계를 맺었습니다. 이 케이블은 공항, 병원, 학교 및 사무실 건물과 같은 공공 부문의 건물에서 활용됩니다.

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회사 소개:

Fortune Business Insights™  는 정확한 데이터와 혁신적인 기업 분석을 제공하여 모든 규모의 조직이 적절한 결정을 내릴 수 있도록 지원합니다. 우리는 고객을 위한 새로운 솔루션을 맞춤화하여 고객이 비즈니스에 고유한 다양한 문제를 해결할 수 있도록 지원합니다. 우리의 목표는 그들이 운영하고 있는 시장에 대한 세분화된 개요를 제공하는 전체적인 시장 인텔리전스로 그들에게 권한을 부여하는 것입니다.

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