Press release
Single Core Cables Market Expand at the Fastest CAGR of 8.9% by 2025
Single Core Cables Market
The Single Core Cables Market is a dynamic and ever-growing industry segment, with market value estimated to reach USD 5.45 billion by 2025, registering a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period by 2025.
Single-core cables, also called single-strand cables, are commonly used in industrial applications when installed in ducts or backbone cables. They are made of stranded conductors instead of solid cores so they can be easily bent. It usually consists of stranded and stranded conductors. Because the wire is annealed, it can withstand high temperatures. Machines, control cabinets and many other electrical installations in small and large enterprises are wired with single-core cables.
The PVC compound used to insulate the cables makes them resistant to a wide range of liquids including oil, water, acids and grease. It is also strong enough to withstand mechanical stress. They are mainly used in electrical and power circuits.
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Global Single Core Cable Market - Market Dynamics
The global single core cable market is primarily driven by the telecom, automotive, energy and construction sectors. Single-core cables are inherently lighter, easier to work with, and useful when wiring needs to be done over long distances, making the job less rigorous. It also reduces corona, an electrical discharge associated with high power transmission.
It also has high conductivity and is easy to weld. It is inexpensive compared to other core cables. In 2016, the cable industry introduced a new British standard for electrical cables. The new standard defines the performance and design of single-core cables, giving designers, installers and specifications greater confidence that a cable is fit for purpose. The limiting factor in the single-core cable market is the substitute products such as twin-core cables, multi-core cables, and stranded wires that are preferred by people who wind a lot of small-diameter cables. in the isolator.
Global Single Core Cable Market - Market Segmentation
Metal wire base
• Aluminum
• Copper
Based on usage
• Domestic
• Industrial
• Commercial
It is based on an insulating material.
• PVC
• XLPE
By end user
• Telecommunication
• Power
• Automotive
• Construction
Global Single Core Cable Market - Segment Overview
The automotive sector has a higher utilization rate of single core cables as single core cables are widely used in applications such as vehicle systems and connected cars. Because of its purpose, single core cables are widely used in industry.
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Global Single Core Cable Market: Regional Overview
On the basis of region, the global fumaric acid market is divided into seven major regions: Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa, Asia Pacific ex Japan, and Japan. Among the above regions, the APAC region is expected to have the largest market share.
The demand for single core cables is expected to increase in North America and Latin America. Single-core cables are widely used in critical emergency situations in the Middle East and Asia. In Japan, where reinforced concrete is used in construction, buildings use integrated wiring for power, security, and lighting circuits where single-core cables are used. Factors such as the increase in urban population will lead to the increase of single-core cables in the construction and automotive sectors. Overall, the global single core cable market is expected to experience a high growth rate owing to the automotive and construction segments.
Global Single Core Cable Market: Market Players
Some of the major players identified in the global single core cable market are:
• Tekima S.r.l.
• ConCab kabel gmbh
• LEONI Kabel GmbH
• Finolex cables
• International Wire Group
• Judd Wire, Inc.,
• Leoni AG,
• Furukawa Electric Industries Ltd.,
• Sumitomo Electric Industries Ltd.,
• General Cable Corporation
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