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Global Aluminium Wires Market Opportunities And Strategies Report 2022 With Future Growth Analysis By 2031 | Major Players Novametal SA, Alro S.A, Kaiser Aluminum, Southern Cable
Aluminium Wires Market
According to The Business Research Company's aluminium wires market report, the global aluminium wires market size reached a value of nearly $53,337.7 million in 2021, having increased at a compound annual growth rate (CAGR) of 2.58% since 2016. The global aluminium wires market size is expected to grow from $53,337.7 million in 2021 to $62,078.3 million in 2026 at a rate of 3.08%. The global aluminium wires market size is then expected to grow at a CAGR of 3.13% from 2026 and reach $72,410.2 million in 2031.
The aluminium wires market is expected to be driven by the growing demand for industrial Ethernet. This can be attributed to the rising broadband internet penetration and the growing popularity of the internet of things (IoT) and automation in industries. For instance, the global industrial Ethernet sector is expected to grow to over $72 million by 2024, providing significant opportunities for cable manufacturers. Therefore, the growing popularity of ethernet will propel the growth of the aluminium wires market going forward.
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The aluminium wires market is segmented -
• By Product: Enameled, Paper Insulated, Fiber Glass Insulated, Nomex Insulated, Mica Insulated, Cotton Insulated
• By Grade: Electrical, Alloy, Mechanical
• By End User: Aerospace, Railways, Other Transportation, Buildings And Construction, Energy, Robotics, Packaging, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the global aluminium wires market.
Major competitors in the aluminium wires market include United Company RUSAL Plc, Vedanta Resources Limited, Novametal SA, Grupo General Cable Sistemas, S.L., Alro S.A.
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The aluminium wires market consists of sales of aluminium wires and related services by entities that manufacture aluminium wires. Aluminium wire is a type of wire that is commonly used for electrical wiring in homes, power grids, and aeroplanes. Aluminium wire is often easier to work with than copper wire since it is lighter and more flexible, making it an excellent long-distance wiring material.
The Table Of Content For The Aluminium Wires Market Include:
1. Aluminium Wires Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction
7. Aluminium Wires Market Characteristics
……
20. Global Aluminium Wires Market Competitive Landscape
21. Key Mergers And Acquisitions In The Aluminium Wires Market
22. Aluminium Wires Market Opportunities And Strategies
23. Aluminium Wires Market, Conclusions And Recommendations
24. Appendix
The Business Research Company's "Global Aluminium Wires Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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