NEW YORK, May 14, 2021 /PRNewswire/ -- The global aluminum conductors market by type (AAC, AAAC, ACSR, and other aluminum conductors) and geography (APAC, Europe, North America, South America, and MEA) has been added to Technavio's offering. The global aluminum conductors market is expected to grow by 667.27 thousand tons, at a CAGR of almost 3% during 2021-2025.
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The manufacturing sector was severely impacted by the spread of COVID-19 in 2020. Most of the production units across various industries were either closed or halted, which hampered the demand and supply of aluminum conductors. However, the market is expected to recover in 2021 with the reopening of the manufacturing units and the lift of lockdowns and other restrictions.