Global Copper Wire and Cable Market
The Global Copper Wire and Cable Market is expected to grow from US$ 187.11 Billion in 2021 to US$ 240.34 Billion by 2027; it is estimated to grow at a CAGR of 4.26% from 2021 to 2027.
The best electrical conductor is copper wire, which is superior to all other materials. Copper wire enables quick and secure connections. They have a high melting point and are easy to bend. A copper wire can withstand significant overloads or current surges without suffering harm. Different varieties of copper wire all have the ability to conduct electricity with nominal resistance and low voltage. The fact that copper is malleable is among its most significant qualities. Copper can be fabricated into thin sheets thanks to its property. In order to create alloys, copper combines with other metals quite well. Without being stressed or broken, it might become distorted.
Drivers: The growth of copper wire for grounding in the nation and the area as a whole is being driven by the expansion of the building industry. Notably, the improvements consist of upkeep and repairs as well as substantial replacements, modifications, and expansions. With regard to electrical maintenance and other uses, these trends are predicted to increase demand for a variety of grounding works using both insulated and non-insulated copper cables. The market for copper wire and cable is expanding primarily as a result of factors like rising energy demand and substantial investments in building development. Additionally, the growth in expenditures in smart upgrades to the power transmission and distribution systems, together with the development of smart grids, increase demand for copper wire and cable.
Restraints: For instance, as the requirement for grid interconnections has grown, smart grid technology has been able to meet it, leading to a boom in expenditures in new underground and submarine cables. However, it is anticipated that raw material price instability may impede market expansion.
Opportunities: On the other hand, it is projected that throughout the forecast period, growing urbanisation together with an increase in investments across the industrial sector will generate attractive growth prospects for the market.
Impact of Covid-19
The outbreak of COVID-19 has had a substantial effect on the global Copper Wire & Cable business. Because of the global labour shortage and slowdown, production of electrical, electronic, and semiconductor products has been put on hold. The Covid-19 outbreak has significantly and persistently reduced factory utilisation, and travel restrictions and facility closures kept workers away from their workplaces, which slowed the growth of the copper wire & cable industry.
Due to the closure of the region's manufacturing facilities, the Asian and European nations that are currently under lockdown have seen significant losses in trade and revenue. The spread of the COVID-19 infections has had a significant influence on the production and manufacturing industries' operations. resulting in a slowdown in the market's expansion for copper wire & cable in 2020.
Segmentation By Type: Copper Wire and Cable Market is classified on the basis of Type into Wire and Cable.
Segmentation By Voltage: Copper Wire and Cable Market is classified on the basis of Voltage into Low, Medium, and High.
Segmentation By Application: Copper Wire and Cable Market is classified on the basis of Application into Building Wire, Communication, Power Distribution, Others.
Segmentation By Region: Copper Wire and Cable Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of Copper Wire and Cable Market are Aviva Metals (NBM Metals), Belden Inc., Prysmian Group, Altas Holdings, CommScope Holding Company Inc., Elcowire Group AB (Liljedahl Group AB), Hitachi Metals Ltd., Nexans S.A., Ningbo Jintian Copper (Group) CO. Ltd., Schneider Electric SE and Tongling Jingda Special Magnet Wire Co. Ltd.
Industrial Development
Market Taxonomy
By Type
By Voltage
By Application
By Region
Key Questions Addressed by the Report
Global Copper Wire and Cable Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Voltages
3. Executive Summary
4. Global Copper Wire and Cable Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Copper Wire and Cable Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.3 Global Copper Wire and Cable Market Size and Forecast, By Type
5.3.1 Wire
5.3.2 Cable
6. Global Copper Wire and Cable Market, By Voltage
6.1 Y-o-Y Growth Comparison, By Voltage
6.2 Global Copper Wire and Cable Market Share Analysis, By Voltage
6.3 Global Copper Wire and Cable Market Size and Forecast, By Voltage
6.3.1 Low
6.3.2 Medium
6.3.3 High
7. Global Copper Wire and Cable Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Copper Wire and Cable Market Share Analysis, By Application
7.3.1 Building Wire
7.3.2 Communication
7.3.3 Power Distribution
7.3.4 Others
8. Global Copper Wire and Cable Market, By Region
8.1 Global Copper Wire and Cable Market Share Analysis, By Region
8.2 Global Copper Wire and Cable Market Size and Forecast, By Region
8.2 Global Copper Wire and Cable Market Size and Forecast, By Region
9. North America Copper Wire and Cable Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Copper Wire and Cable Market Share Analysis, By Type
9.3 North America Copper Wire and Cable Market Size and Forecast, By Voltage
9.4 North America Copper Wire and Cable Market Size and Forecast, By Application
9.5 North America Copper Wire and Cable Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Copper Wire and Cable Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Copper Wire and Cable Market Share Analysis, By Type
10.3 Europe Copper Wire and Cable Market Size and Forecast, By Voltage
10.4 Europe Copper Wire and Cable Market Size and Forecast, By Application
10.5 Europe Copper Wire and Cable Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe
11. Asia Pacific Copper Wire and Cable Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Copper Wire and Cable Market Share Analysis, By Type
11.3 Asia Pacific Copper Wire and Cable Market Size and Forecast, By Voltage
11.4 Asia Pacific Copper Wire and Cable Market Size and Forecast, By Application
11.5 Asia Pacific Copper Wire and Cable Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific
12 Latin America Copper Wire and Cable Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Copper Wire and Cable Market Share Analysis, By Type
12.3 Latin America Copper Wire and Cable Market Size and Forecast, By Voltage
12.4 Latin America Copper Wire and Cable Market Size and Forecast, By Application
12.5 Latin America Copper Wire and Cable Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Copper Wire and Cable Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Copper Wire and Cable Market Share Analysis, By Type
12.3 Middle East Copper Wire and Cable Market Size and Forecast, By Voltage
13.4 Middle East Copper Wire and Cable Market Size and Forecast, By Application
13.5 Middle East Copper Wire and Cable Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Aviva Metals (NBM Metals)
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Belden Inc.
15.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Prysmian Group
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Altas Holdings
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. CommScope Holding Company Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Schneider Electric SE
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Tongling Jingda Special Magnet Wire Co. Ltd.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
