Major players in the aluminum cable market are Finolex Cables Limited, Polycab Wires Pvt Ltd., Prysmian SpA, Sumitomo Electric Industries Ltd., General Cable Technologies Corporation, ABB Ltd., Encore Wire Corporation, Nexans SA, NKT Cables AS, Kaiser Aluminum Corporation, Southern Cable Group, Southwire Company LLC, Sam Dong Inc.New York, Aug. 25, 2023 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report "Aluminum Cable Global Market Report 2023" - https://www.reportlinker.c
Key Market Trends
Growing Demand from the Construction Industry
Copper stranded wires are used for electric supply and can be installed at both the residential and industrial level. One of the major end users for the copper stranded market is the construction industry.
According to a study by Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030, primarily driven by China, India, and the United States region.
Globally, Asia-Pacific has the largest construction market which is led by India, China, and various South-east Asian countries. In India, the government has initiated projects such as 100 smart cities and ‘Housing for All by 2022’ which are expected to immensely drive the residential construction market in India through the forecast period. The country has even experienced significant interest from foreign investors in its infrastructural sector.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Worldwide Copper Stranded Wire Industry to 2025 - Growing Demand from the Construction Industry - ResearchAndMarkets.com
January 19, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 19, 2021
The copper stranded wire market is expected to register a CAGR of over 1% during the forecast period. The major factors driving the market studied include the increasing energy requirement and developments of products with more flexible and functional applications.
ADVERTISEMENT
Loss of energy due to the proximity effect is expected to significantly hinder the growth of the market studied. Asia-Pacific is expected to dominate the global market during the forecast period. Increasing usage in infrastructure, telecommunications, energy, etc., activities in emerging economies is likely to act as opportunities in the future.
Share:
ResearchAndMarkets.com s offering. The copper stranded wire market is expected to register a CAGR of over 1% during the forecast period. The major factors driving the market studied include the increasing energy requirement and developments of products with more flexible and functional applications.
Loss of energy due to the proximity effect is expected to significantly hinder the growth of the market studied. Asia-Pacific is expected to dominate the global market during the forecast period. Increasing usage in infrastructure, telecommunications, energy, etc., activities in emerging economies is likely to act as opportunities in the future.
Key Market Trends
Growing Demand from the Construction Industry