Press release
Worldwide Aluminum Wire Market By Product 2018-2024 | General Cable Technologies Corporation, Priority Wire & Cable, Inc, Southwire Company, Trefinasa, Norsk Hydro ASA, Novametal Group, Termomecanica, Nexans, Axon Cable, Alconex, Condumex, Inc., Sam Dong
Aluminum Wire Market, Aluminum Wire Market trend, Aluminum Wire Market Analysis, Aluminum Wire Industry
Aluminum Wire Market may exceed USD 65 billion by 2024; according to a new research report.
North America aluminum wire market demand driven by the U.S. was valued at over USD 3.5 billion in 2017. Increasing demand in infrastructure which uses these products for electricity transmission and is safe for residential electrical wiring and its oxide film properties exhibit high tensile strength may foster the industry growth.
Companies profiled in this research and active in the General Cable Technologies Corporation, Priority Wire & Cable, Inc, Southwire Company, Trefinasa, Norsk Hydro ASA, Novametal Group, Termomecanica, Nexans, Axon Cable, Classic Wire & Cable, REA Wire, Superior Essex, Alconex, Condumex, Inc., Sam Dong, Vimlesh Industries Pvt. Ltd, Asia Pacific Wire & Cable Corp. Ltd, Omkar Industries industry participants have adopted the strategy of frequent product launches in order to improve customer satisfaction and promote market growth. Moreover, manufacturers are also investing in technological innovation to improve product quality and ensure regulatory compliance.
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Europe led by UK, France, Spain, and Germany aluminium wire market demand may register significant gains at over 3% by 2024. Growing demand for green building concept which utilizes this product for curtain walling, roofing system and in window frames which provides insulation, may enhance the regional product demand.
Asia Pacific led by Japan, India and China aluminum wire market may surpass USD 30 billion by the end of foreseeable timeframe. Increasing demand for construction projects in for schools, hospitals, government accommodation, defense infrastructure and social infrastructure will necessitate the product demand. They are used in construction as they are lighter than copper which makes it easier to unload, transport and cross-cut, which may boost industry growth.
Nomex insulated aluminum wire market may register significant gains at over 3% at the end of foreseeable timeframe. The product is applied in dry transformer and military cables as they can withstand temperature at above 2000C and are compatible with all kind of transformer liquid and lubricant oil coolant which in turn will foster product demand.
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Aluminum wire is largely used for electrical wiring and in grid transmission and distribution networks. These have higher conductivity than copper and is being used for wiring in residences, appliances, aircrafts and commercial buildings as they do not spark which is important for electrical applications in industries where sparking have catastrophic consequences, thereby stimulating product demand.
Increasing demand for diverse and advanced grade of wire for electrical and automotive applications is likely to drive aluminum wire market over the forecast period. Furthermore, the usage of advanced technologies to reduce emission levels, increase fuel efficiency and improving driving dynamics of the vehicle coupled with increasing investment in electric power infrastructure are the major factors driving the industry growth.
Enameled round aluminium wire market demand may surpass USD 36.5 billion by 2024. This product is used in electrical conductor and coil windings where coils are in motion like in generators, refrigerating systems and other electrical devices.
Some of the 194 data tables provided in this Aluminum Wire market research include:
TABLE 1 Aluminium wire industry 360 0 synopsis, 2018 - 2024
TABLE 2 Global aluminum wire market, 2013 - 2024, (kilo Tons) (USD Million)
TABLE 3 Global aluminum wire market volume, by region, 2013 - 2024, (Kilo Tons)
TABLE 4 Global aluminum wire market revenue, by region, 2013 - 2024, (USD Million)
TABLE 5 Global aluminum wire market volume, by product, 2013 - 2024, (Kilo Tons)
TABLE 6 Global aluminum wire market revenue, by product, 2013 - 2024, (USD Million)
TABLE 7 Global aluminum wire market volume, by application, 2013 - 2024, (Kilo Tons)
TABLE 8 Global aluminum wire market revenue, by application, 2013 - 2024, (USD Million)
TABLE 9 Distribution channel analysis
TABLE 10 Industry impact forces
TABLE 11 Comparison of aluminum wire v/s copper wire
TABLE 12 Advantages of copper wire v/s aluminum wire in a transformer
TABLE 13 Disadvantages of copper wire v/s aluminum wire in a transformer
TABLE 14 Global enamelled aluminum wire market, 2013 - 2024, (Kilo Tons) (USD Million)
TABLE 15 Global enamelled aluminum wire market volume, by region, 2013 - 2024, (Kilo Tons)
TABLE 16 Global enamelled aluminum wire market revenue, by region, 2013 - 2024, (USD Million)
TABLE 17 Global paper insulated aluminum wire market, 2013 - 2024, (Kilo Tons) (USD Million)
TABLE 18 Global paper insulated aluminum wire market volume, by region, 2013 - 2024, (Kilo Tons)
TABLE 19 Global paper insulated aluminum wire market revenue, by region, 2013 - 2024, (USD Million)
TABLE 20 Global fibre glass insulated aluminum wire market, 2013 - 2024, (Kilo Tons) (USD Million)
TABLE 21 Global fibre glass insulated aluminum wire market volume, by region, 2013 - 2024, (Kilo Tons)
TABLE 22 Global fibre glass insulated aluminum wire market revenue, by region, 2013 - 2024, (USD Million)
TABLE 23 Global nomex insulated aluminum wire market, 2013 - 2024, (Kilo Tons) (USD Million)
TABLE 24 Global nomex insulated aluminum wire market volume, by region, 2013 - 2024, (Kilo Tons)
TABLE 25 Global nomex insulated aluminum wire market revenue, by region, 2013 - 2024, (USD Million)
For More Details about this report: https://www.marketstudyreport.com/reports/aluminum-wire-market
Related Report:
2018 Global Aluminum Wire Industry Report - History, Present and Future
The global market size of Aluminum Wire is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023. The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
https://www.marketstudyreport.com/reports/2018-global-aluminum-wire-industry-report-history-present-and-future?utm_source=RR-AN
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