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Global Electric Wires market 2018 analyze the market by countries by type, by application and by manufacturers, with revenue and market share by key countries

08-14-2018 09:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports Monitor

Electric Wires Market

Electric Wires Market

Wires are able to carry electrical energy,which are divided into bare wire, magnet wire and insulated wire. Bare wires have no insulating layers, including copper, aluminum flat wires, aerial strands, and various sections (such as profile lines, bus bars, copper bars, aluminum bars, etc.). It is mainly used for outdoor overhead and indoor busbars and switch boxes. Electromagnetic wire is an insulated wire that generates a magnetic field after being energized or induces a current in a magnetic field. It is mainly used for motor and transformer windings and other related electromagnetic equipment. The conductor is mainly a copper wire, and should have a thin insulating layer and good electrical and mechanical properties, as well as heat, moisture, solvent resistance and other properties. Different insulation materials can be used to obtain different characteristics.

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An electric wire is an adaptable metal strand protected with a dielectric material used as a conductor of electricity. A cable consists of at least two wires, which are fortified, bent, or braided together. Wires embodied in non-conducting plastic materials, particularly polyvinyl chloride (PVC) or polyethylene (PE) to protect users and the surrounding environment.

The wire industry analysis distinguishes the development of renewable power generation to be one of the essential elements for the development of the electric wire market. The focal point of several nations over the globe to market renewable power generation will create a huge demand for electrical wires. This is basically because of the absence of a transmission and distribution (T&D) infrastructure in areas where sustainable power source resources are set up. In addition, the development of the current renewable power generation plants, in the emerging nations, will likewise bring about the increasing demand for electrical wires. Activities, for example, extract duty exemption for Ferro-silicon-magnesium and pig iron used for manufacturing components for wind-operated electric power generators and the objective set by the Jawaharlal Nehru National Solar Mission to generate more than 1,00,000 MW of solar power by the end of 2022, will boost the demand for electrical wires in this region.

Scope of the Report :- 

This report focuses on the Electrical Wires in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

First of all, the increasing demand for power, light and communication has kept demand high for wire and cable. Second, building wires will remain the biggest market and will followed by fiber optic wire and power. Talking about the power sector, copper holds high significance in terms of usage and consumption in this sector. The world average per capita copper consumption is around 2.7 kg. Electrical sector is the largest user of copper in India. Since copper and its alloy components play a vital role in electricity generation, distribution and utilisation, 12-15% per annum demand growth in this sector is possible, if good quality is assured. In the following year,Asia Pacific market is expected to grow through the forecast period.

Market Segment by Manufacturers, this report covers

Leoni

Judd Wire

Sumitomo Electric Industries

Furukawa Electric industries

General Cable Corporation

Belden

Cords Cable Industries Limited

Finolex Cables

Torrent Cables

Enfield Cables

Hitachi Cable

Marlin Wire

Market Segment by Type, covers

Wires

House Wire

Electronic Wire

Market Segment by Applications, can be divided into

Power Transmission

Telecom

Building Wiring

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Some Of The Major Factors Driving The Growth Of The Market:

Increasing demand across different application areas, including transmission, engine, lights, seat heaters, braking, and air conditioners is expected to boost the growth of the global electrical wires market over the forecast period. Surging demand for in-vehicle wiring applications is also expected to substantially fuel market demand during the forecast period. Rising urbanization and infrastructure development together with surging transmission grid capacity are also expected to serve as a potential growth factor to the market. Supportive government initiatives with regards to the housing sector provide ample potential growth opportunities. In addition, rising demand across the telecommunication sector is also expected to positively affect the growth of the overall market during the forecast period.

Rapid urbanization, which is resulting in the expansion of power transmission & distribution networks, as well as the increase in residential & commercial buildings, contributes to the growth of the market along with a high market share. Besides, rising demand for low-voltage wires in the installations of automobiles also creates a huge demand for electrical wires, hence adding to the growth of the market during the forecast period.

Asia-Pacific To Dominate The Market Over The Forecast Period

The Asia Pacific dominated the market for electrical wires in 2017, with China accounting for the majority of its revenue share. The growth of this region can be attributed to its large population base, development in transmission and distribution networks, rising industrialization and urbanization, increasing automobile manufacturers, increased renewable energy production, and favorable governmental drives for the expansion or upgrade of existing infrastructure.

China is expected to lead the market for electrical wires in the region substantially over the forecast period. The country has a relatively high number of wire manufacturers and its production is more than double to that of the largest wire manufacturing company. Along with China, countries like India, South Korea, and Japan are also expected to contribute considerably to the electrical wires market in the Asia Pacific region. The market in India is estimated to grow at a CAGR of approximately % over the forecast period. Moreover, North America and Europe together accounted for around 34.2% share of the overall market in 2017.

Browse Complete Report with TOC of Electrical Wires Market Report, Visit : https://www.reportsmonitor.com/report/16930/Electrical-Wires-Market  

About US:
Reports Monitor is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries including Health care, Technology, Chemicals, Materials, and Energy.
We periodically update our market research studies to ensure our clients get the most recent, relevant, and valuable information. Reports Monitor has a strong base of analysts and consultants from assorted areas of expertise. Our industry experience and ability to zero-in on the crux of any challenge gives you and your organization the ability to secure a competitive advantage.

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