The aluminum wire market attained $50.7 billion in 2021 and is projected to reach $69.7 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031.
Aluminum wire is a sort of electrical wiring for residential construction or residences that employs aluminum electrical conductors. Aluminum has a superior conductivity-to-mass ratio than copper, hence it is used to wire power grids, such as overhead power transmission lines and local power distribution lines for aircraft power wiring. Utility firms have employed aluminum wire for electrical transmission in power networks from the late 1800s until the early 1900s. Aluminum wire has a cost and weight advantage over copper wires, making it the preferred material for power transmission and distribution applications.
The need for aluminum wires has increased over the past several years as aluminum fasteners have become more prevalent. Many organizations have been striving to develop these alloy wires. The manufacturers have been creating and innovating to enhance conductivity, flexibility, bending ability, as well as mechanical strength, which is something that improves the automobile. The market for aluminum wire has had steady growth over the past few years and is expected to continue growing over the next few years. Aluminum wires are widely used in sectors like aerospace, consumer electronics, and automotive. Aluminum is in greater demand in the automotive sector as it helps lighten vehicles and improves their fuel efficiency.
Additionally, governments support retailers by helping them increase their profit margins, observe steady market growth, and broaden their reach internationally. However, various major and emerging countries are imposing limits on free trade, which is expected to hamper the expansion of the aluminum wires market during the forecast period. Post-Brexit, trade restrictions between the UK and other European nations are likely to increase, while the new trade agreement between the U. S., Canada, and Mexico, imposed by the U.S. government is likely to increase the price of metal components imported from Mexico. According to the official journal of the European Union, the European Union imposed additional taxes on aluminum foil imported from China after the European Commission decided that Chinese producers benefited from disproportionate and unjustified subsidies.
For instance, according to the official journal of the EU, tariffs on a specific thin grade of aluminum converter foil, which went into effect in December 2021, vary from 8.6% to 18.2% and are in addition to the existing anti-dumping taxes of 6% to 28.5%. Because of the expected increase in production costs and tariffs, a decline in global free trade is projected to hamper the expansion of the market. In both residential and non-residential environments, aluminum wires may be used for wiring and connectivity. Human safety is ensured by the fact that aluminum wires are simple to install, preserve the dependability of electrical circuits, and can tolerate high temperatures during fires. A rise in demand for aluminum wires has resulted in an increase in public awareness of the importance of building safety. These wires are used in the power distribution of nearly every commercial and residential structure. The aluminum wires market in the building & construction industry is offered lucrative opportunities as construction activities increase.
The aluminum wire market is segmented into type, insulation type, end-use industry, and region. Depending on the type, the market is divided into all aluminum alloy conductor (AAAC), aluminum alloy wire and aluminum conductor steel reinforced (ACSR). On the basis of insulation type, the market is divided into XLPE insulation, PVC Insulation, EPR insulation and others. On the basis of end-use industry, it is categorized into electronics and electrical, aerospace, automotive, building and construction, packaging and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global aluminum wire market are TRIMET Aluminium SE, Novametal Group, Totoku Electric Co. Ltd., SouthWire, Heraeus Electronics, Sumitomo Electric, TT Cables, Arfin India Limited, MWS Wire Industries, Inc., and Kobe Steel Ltd. Other players operating in the market are Kaiser Aluminium, Vedanta Limited, RUSAL, Sohar Aluminium, and Axon' Cable.
On the basis of insulation type, the XLPE insulation segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period
Depending on end-use industry, the building and construction segment is expected to grow at a CAGR of 3.8%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.
Aluminum wire is a sort of electrical wiring for residential construction or residences that employs aluminum electrical conductors. Aluminum has a superior conductivity-to-mass ratio than copper, hence it is used to wire power grids, such as overhead power transmission lines and local power distribution lines for aircraft power wiring. Utility firms have employed aluminum wire for electrical transmission in power networks from the late 1800s until the early 1900s. Aluminum wire has a cost and weight advantage over copper wires, making it the preferred material for power transmission and distribution applications.
The need for aluminum wires has increased over the past several years as aluminum fasteners have become more prevalent. Many organizations have been striving to develop these alloy wires. The manufacturers have been creating and innovating to enhance conductivity, flexibility, bending ability, as well as mechanical strength, which is something that improves the automobile. The market for aluminum wire has had steady growth over the past few years and is expected to continue growing over the next few years. Aluminum wires are widely used in sectors like aerospace, consumer electronics, and automotive. Aluminum is in greater demand in the automotive sector as it helps lighten vehicles and improves their fuel efficiency.
Additionally, governments support retailers by helping them increase their profit margins, observe steady market growth, and broaden their reach internationally. However, various major and emerging countries are imposing limits on free trade, which is expected to hamper the expansion of the aluminum wires market during the forecast period. Post-Brexit, trade restrictions between the UK and other European nations are likely to increase, while the new trade agreement between the U. S., Canada, and Mexico, imposed by the U.S. government is likely to increase the price of metal components imported from Mexico. According to the official journal of the European Union, the European Union imposed additional taxes on aluminum foil imported from China after the European Commission decided that Chinese producers benefited from disproportionate and unjustified subsidies.
For instance, according to the official journal of the EU, tariffs on a specific thin grade of aluminum converter foil, which went into effect in December 2021, vary from 8.6% to 18.2% and are in addition to the existing anti-dumping taxes of 6% to 28.5%. Because of the expected increase in production costs and tariffs, a decline in global free trade is projected to hamper the expansion of the market. In both residential and non-residential environments, aluminum wires may be used for wiring and connectivity. Human safety is ensured by the fact that aluminum wires are simple to install, preserve the dependability of electrical circuits, and can tolerate high temperatures during fires. A rise in demand for aluminum wires has resulted in an increase in public awareness of the importance of building safety. These wires are used in the power distribution of nearly every commercial and residential structure. The aluminum wires market in the building & construction industry is offered lucrative opportunities as construction activities increase.
The aluminum wire market is segmented into type, insulation type, end-use industry, and region. Depending on the type, the market is divided into all aluminum alloy conductor (AAAC), aluminum alloy wire and aluminum conductor steel reinforced (ACSR). On the basis of insulation type, the market is divided into XLPE insulation, PVC Insulation, EPR insulation and others. On the basis of end-use industry, it is categorized into electronics and electrical, aerospace, automotive, building and construction, packaging and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global aluminum wire market are TRIMET Aluminium SE, Novametal Group, Totoku Electric Co. Ltd., SouthWire, Heraeus Electronics, Sumitomo Electric, TT Cables, Arfin India Limited, MWS Wire Industries, Inc., and Kobe Steel Ltd. Other players operating in the market are Kaiser Aluminium, Vedanta Limited, RUSAL, Sohar Aluminium, and Axon' Cable.
Key findings of the study
On the basis of type, the all-aluminum alloy conductor (AAAC) segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period.On the basis of insulation type, the XLPE insulation segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period
Depending on end-use industry, the building and construction segment is expected to grow at a CAGR of 3.8%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aluminum wire market analysis from 2021 to 2031 to identify the prevailing aluminum wire market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aluminum wire market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aluminum wire market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- All aluminum alloy conductor (AAAC)
- Aluminum alloy wire
- Aluminum Conductor Steel Reinforced (ACSR)
By Insulation Type
- XLPE insulation
- PVC Insulation
- EPR insulation
- Others
By End Use Industry
- Electronics and Electrical
- Aerospace
- Automotive
- Building and Construction
- Packaging
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- TT Cables
- TRIMET Aluminium SE
- Novametal Group
- Totoku Electric Co. Ltd.
- Heraeus Electronics
- Sumitomo Electric
- MWS Wire Industries, Inc.
- Arfin India Limited
- Kobe Steel Ltd.
- SouthWire
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase In the adoption of ethernet
3.4.1.2. Increasing demand for aluminum wire from various end-use industries
3.4.2. Restraints
3.4.2.1. Decrease in free Trade
3.4.3. Opportunities
3.4.3.1. Increasing demand for aluminum wires from the building and construction industry
3.5. COVID-19 Impact Analysis on the market
3.6. Market Share Analysis
3.7. Patent Landscape
3.8. Pricing Analysis
3.9. Value Chain Analysis
CHAPTER 4: ALUMINUM WIRE MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. All aluminum alloy conductor (AAAC)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Aluminum alloy wire
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Aluminum Conductor Steel Reinforced (ACSR)
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: ALUMINUM WIRE MARKET, BY INSULATION TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. XLPE insulation
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. PVC Insulation
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. EPR insulation
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: ALUMINUM WIRE MARKET, BY END USE INDUSTRY
6.1. Overview
6.1.1. Market size and forecast
6.2. Electronics and Electrical
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Aerospace
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Automotive
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Building and Construction
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Packaging
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
6.7. Others
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis by country
CHAPTER 7: ALUMINUM WIRE MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Type
7.2.3. Market size and forecast, by Insulation Type
7.2.4. Market size and forecast, by End Use Industry
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Type
7.2.5.1.3. Market size and forecast, by Insulation Type
7.2.5.1.4. Market size and forecast, by End Use Industry
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Type
7.2.5.2.3. Market size and forecast, by Insulation Type
7.2.5.2.4. Market size and forecast, by End Use Industry
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Type
7.2.5.3.3. Market size and forecast, by Insulation Type
7.2.5.3.4. Market size and forecast, by End Use Industry
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Type
7.3.3. Market size and forecast, by Insulation Type
7.3.4. Market size and forecast, by End Use Industry
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Type
7.3.5.1.3. Market size and forecast, by Insulation Type
7.3.5.1.4. Market size and forecast, by End Use Industry
7.3.5.2. France
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Type
7.3.5.2.3. Market size and forecast, by Insulation Type
7.3.5.2.4. Market size and forecast, by End Use Industry
7.3.5.3. UK
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Type
7.3.5.3.3. Market size and forecast, by Insulation Type
7.3.5.3.4. Market size and forecast, by End Use Industry
7.3.5.4. Spain
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Type
7.3.5.4.3. Market size and forecast, by Insulation Type
7.3.5.4.4. Market size and forecast, by End Use Industry
7.3.5.5. Italy
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Type
7.3.5.5.3. Market size and forecast, by Insulation Type
7.3.5.5.4. Market size and forecast, by End Use Industry
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Type
7.3.5.6.3. Market size and forecast, by Insulation Type
7.3.5.6.4. Market size and forecast, by End Use Industry
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Type
7.4.3. Market size and forecast, by Insulation Type
7.4.4. Market size and forecast, by End Use Industry
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Type
7.4.5.1.3. Market size and forecast, by Insulation Type
7.4.5.1.4. Market size and forecast, by End Use Industry
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Type
7.4.5.2.3. Market size and forecast, by Insulation Type
7.4.5.2.4. Market size and forecast, by End Use Industry
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Type
7.4.5.3.3. Market size and forecast, by Insulation Type
7.4.5.3.4. Market size and forecast, by End Use Industry
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Type
7.4.5.4.3. Market size and forecast, by Insulation Type
7.4.5.4.4. Market size and forecast, by End Use Industry
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Type
7.4.5.5.3. Market size and forecast, by Insulation Type
7.4.5.5.4. Market size and forecast, by End Use Industry
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Type
7.5.3. Market size and forecast, by Insulation Type
7.5.4. Market size and forecast, by End Use Industry
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Type
7.5.5.1.3. Market size and forecast, by Insulation Type
7.5.5.1.4. Market size and forecast, by End Use Industry
7.5.5.2. Saudi Arabia
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Type
7.5.5.2.3. Market size and forecast, by Insulation Type
7.5.5.2.4. Market size and forecast, by End Use Industry
7.5.5.3. South Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Type
7.5.5.3.3. Market size and forecast, by Insulation Type
7.5.5.3.4. Market size and forecast, by End Use Industry
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Type
7.5.5.4.3. Market size and forecast, by Insulation Type
7.5.5.4.4. Market size and forecast, by End Use Industry
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. MWS Wire Industries, Inc.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.2. Totoku Electric Co. Ltd.
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. Arfin India Limited
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.4. SouthWire
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. TRIMET Aluminium SE
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. Sumitomo Electric
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Heraeus Electronics
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Kobe Steel Ltd.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.9. TT Cables
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Novametal Group
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 02. Global Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 03. Aluminum Wire Market for All Aluminum Alloy Conductor (Aaac), by Region, 2021-2031 (Revenue, $Billion)
Table 04. Aluminum Wire Market for All Aluminum Alloy Conductor (Aaac), by Region, 2021-2031 (Volume, Kiloton)
Table 05. Aluminum Wire Market for Aluminum Alloy Wire, by Region, 2021-2031 (Revenue, $Billion)
Table 06. Aluminum Wire Market for Aluminum Alloy Wire, by Region, 2021-2031 (Volume, Kiloton)
Table 07. Aluminum Wire Market for Aluminum Conductor Steel Reinforced (Acsr), by Region, 2021-2031 (Revenue, $Billion)
Table 08. Aluminum Wire Market for Aluminum Conductor Steel Reinforced (Acsr), by Region, 2021-2031 (Volume, Kiloton)
Table 09. Global Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 10. Global Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 11. Aluminum Wire Market for Xlpe Insulation, by Region, 2021-2031 (Revenue, $Billion)
Table 12. Aluminum Wire Market for Xlpe Insulation, by Region, 2021-2031 (Volume, Kiloton)
Table 13. Aluminum Wire Market for Pvc Insulation, by Region, 2021-2031 (Revenue, $Billion)
Table 14. Aluminum Wire Market for Pvc Insulation, by Region, 2021-2031 (Volume, Kiloton)
Table 15. Aluminum Wire Market for Epr Insulation, by Region, 2021-2031 (Revenue, $Billion)
Table 16. Aluminum Wire Market for Epr Insulation, by Region, 2021-2031 (Volume, Kiloton)
Table 17. Aluminum Wire Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 18. Aluminum Wire Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 19. Global Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 20. Global Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 21. Aluminum Wire Market for Electronics and Electrical, by Region, 2021-2031 (Revenue, $Billion)
Table 22. Aluminum Wire Market for Electronics and Electrical, by Region, 2021-2031 (Volume, Kiloton)
Table 23. Aluminum Wire Market for Aerospace , by Region, 2021-2031 (Revenue, $Billion)
Table 24. Aluminum Wire Market for Aerospace , by Region, 2021-2031 (Volume, Kiloton)
Table 25. Aluminum Wire Market for Automotive, by Region, 2021-2031 (Revenue, $Billion)
Table 26. Aluminum Wire Market for Automotive, by Region, 2021-2031 (Volume, Kiloton)
Table 27. Aluminum Wire Market for Building and Construction, by Region, 2021-2031 (Revenue, $Billion)
Table 28. Aluminum Wire Market for Building and Construction, by Region, 2021-2031 (Volume, Kiloton)
Table 29. Aluminum Wire Market for Packaging, by Region, 2021-2031 (Revenue, $Billion)
Table 30. Aluminum Wire Market for Packaging, by Region, 2021-2031 (Volume, Kiloton)
Table 31. Aluminum Wire Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 32. Aluminum Wire Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 33. Aluminum Wire Market, by Region, 2021-2031 (Revenue, $Billion)
Table 34. Aluminum Wire Market, by Region, 2021-2031 (Volume, Kiloton)
Table 35. North America Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 36. North America Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 37. North America Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 38. North America Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 39. North America Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 40. North America Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 41. North America Aluminum Wire Market, by Country, 2021-2031 (Revenue, $Billion)
Table 42. North America Aluminum Wire Market, by Country, 2021-2031 (Volume, Kiloton)
Table 43. U.S. Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 44. U.S. Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 45. U.S. Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 46. U.S. Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 47. U.S. Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 48. U.S. Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 49. Canada Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 50. Canada Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 51. Canada Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 52. Canada Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 53. Canada Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 54. Canada Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 55. Mexico Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 56. Mexico Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 57. Mexico Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 58. Mexico Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 59. Mexico Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 60. Mexico Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 61. Europe Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 62. Europe Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 63. Europe Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 64. Europe Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 65. Europe Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 66. Europe Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 67. Europe Aluminum Wire Market, by Country, 2021-2031 (Revenue, $Billion)
Table 68. Europe Aluminum Wire Market, by Country, 2021-2031 (Volume, Kiloton)
Table 69. Germany Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 70. Germany Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 71. Germany Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 72. Germany Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 73. Germany Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 74. Germany Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 75. France Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 76. France Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 77. France Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 78. France Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 79. France Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 80. France Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 81. UK Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 82. UK Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 83. UK Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 84. UK Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 85. UK Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 86. UK Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 87. Spain Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 88. Spain Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 89. Spain Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 90. Spain Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 91. Spain Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 92. Spain Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 93. Italy Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 94. Italy Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 95. Italy Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 96. Italy Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 97. Italy Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 98. Italy Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 99. Rest of Europe Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 100. Rest of Europe Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 101. Rest of Europe Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 102. Rest of Europe Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 103. Rest of Europe Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 104. Rest of Europe Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 105. Asia-Pacific Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 106. Asia-Pacific Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 107. Asia-Pacific Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 108. Asia-Pacific Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 109. Asia-Pacific Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 110. Asia-Pacific Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 111. Asia-Pacific Aluminum Wire Market, by Country, 2021-2031 (Revenue, $Billion)
Table 112. Asia-Pacific Aluminum Wire Market, by Country, 2021-2031 (Volume, Kiloton)
Table 113. China Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 114. China Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 115. China Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 116. China Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 117. China Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 118. China Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 119. Japan Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 120. Japan Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 121. Japan Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 122. Japan Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 123. Japan Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 124. Japan Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 125. India Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 126. India Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 127. India Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 128. India Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 129. India Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 130. India Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 131. South Korea Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 132. South Korea Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 133. South Korea Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 134. South Korea Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 135. South Korea Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 136. South Korea Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 137. Rest of Asia-Pacific Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 138. Rest of Asia-Pacific Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 139. Rest of Asia-Pacific Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 140. Rest of Asia-Pacific Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 141. Rest of Asia-Pacific Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 142. Rest of Asia-Pacific Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 143. LAMEA Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 144. LAMEA Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 145. LAMEA Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 146. LAMEA Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 147. LAMEA Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 148. LAMEA Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 149. LAMEA Aluminum Wire Market, by Country, 2021-2031 (Revenue, $Billion)
Table 150. LAMEA Aluminum Wire Market, by Country, 2021-2031 (Volume, Kiloton)
Table 151. Brazil Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 152. Brazil Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 153. Brazil Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 154. Brazil Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 155. Brazil Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 156. Brazil Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 157. Saudi Arabia Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 158. Saudi Arabia Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 159. Saudi Arabia Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 160. Saudi Arabia Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 161. Saudi Arabia Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 162. Saudi Arabia Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 163. South Africa Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 164. South Africa Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 165. South Africa Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 166. South Africa Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 167. South Africa Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 168. South Africa Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 169. Rest of LAMEA Aluminum Wire Market, by Type, 2021-2031 (Revenue, $Billion)
Table 170. Rest of LAMEA Aluminum Wire Market, by Type, 2021-2031 (Volume, Kiloton)
Table 171. Rest of LAMEA Aluminum Wire Market, by Insulation Type, 2021-2031 (Revenue, $Billion)
Table 172. Rest of LAMEA Aluminum Wire Market, by Insulation Type, 2021-2031 (Volume, Kiloton)
Table 173. Rest of LAMEA Aluminum Wire Market, by End Use Industry, 2021-2031 (Revenue, $Billion)
Table 174. Rest of LAMEA Aluminum Wire Market, by End Use Industry, 2021-2031 (Volume, Kiloton)
Table 175. Mws Wire Industries, Inc.: Key Executives
Table 176. Mws Wire Industries, Inc.: Company Snapshot
Table 177. Mws Wire Industries, Inc.: Product Segments
Table 178. Mws Wire Industries, Inc.: Product Portfolio
Table 179. Totoku Electric Co. Ltd.: Key Executives
Table 180. Totoku Electric Co. Ltd.: Company Snapshot
Table 181. Totoku Electric Co. Ltd.: Product Segments
Table 182. Totoku Electric Co. Ltd.: Product Portfolio
Table 183. Arfin India Limited: Key Executives
Table 184. Arfin India Limited: Company Snapshot
Table 185. Arfin India Limited: Product Segments
Table 186. Arfin India Limited: Product Portfolio
Table 187. Southwire: Key Executives
Table 188. Southwire: Company Snapshot
Table 189. Southwire: Product Segments
Table 190. Southwire: Product Portfolio
Table 191. Trimet Aluminium Se: Key Executives
Table 192. Trimet Aluminium Se: Company Snapshot
Table 193. Trimet Aluminium Se: Product Segments
Table 194. Trimet Aluminium Se: Product Portfolio
Table 195. Sumitomo Electric: Key Executives
Table 196. Sumitomo Electric: Company Snapshot
Table 197. Sumitomo Electric: Product Segments
Table 198. Sumitomo Electric: Product Portfolio
Table 199. Heraeus Electronics: Key Executives
Table 200. Heraeus Electronics: Company Snapshot
Table 201. Heraeus Electronics: Product Segments
Table 202. Heraeus Electronics: Product Portfolio
Table 203. Kobe Steel Ltd.: Key Executives
Table 204. Kobe Steel Ltd.: Company Snapshot
Table 205. Kobe Steel Ltd.: Product Segments
Table 206. Kobe Steel Ltd.: Product Portfolio
Table 207. Tt Cables: Key Executives
Table 208. Tt Cables: Company Snapshot
Table 209. Tt Cables: Product Segments
Table 210. Tt Cables: Product Portfolio
Table 211. Novametal Group: Key Executives
Table 212. Novametal Group: Company Snapshot
Table 213. Novametal Group: Product Segments
Table 214. Novametal Group: Product Portfolio
List of Figures
Figure 01. Aluminum Wire Market, 2021-2031
Figure 02. Segmentation of Aluminum Wire Market, 2021-2031
Figure 03. Top Investment Pockets in Aluminum Wire Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalaluminum Wire Market
Figure 10. Market Share Analysis: Aluminum Wire Market
Figure 11. Patent Analysis by Company
Figure 12. Patent Analysis by Country
Figure 13. Pricing Analysis: Aluminum Wire Market 2021 and 2031
Figure 14. Value Chain Analysis: Aluminum Wire Market
Figure 15. Aluminum Wire Market, by Type, 2021 (%)
Figure 16. Comparative Share Analysis of Aluminum Wire Market for All Aluminum Alloy Conductor (Aaac), by Country 2021-2031 (%)
Figure 17. Comparative Share Analysis of Aluminum Wire Market for Aluminum Alloy Wire, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Aluminum Wire Market for Aluminum Conductor Steel Reinforced (Acsr), by Country 2021-2031 (%)
Figure 19. Aluminum Wire Market, by Insulation Type, 2021 (%)
Figure 20. Comparative Share Analysis of Aluminum Wire Market for Xlpe Insulation, by Country 2021-2031 (%)
Figure 21. Comparative Share Analysis of Aluminum Wire Market for Pvc Insulation, by Country 2021-2031 (%)
Figure 22. Comparative Share Analysis of Aluminum Wire Market for Epr Insulation, by Country 2021-2031 (%)
Figure 23. Comparative Share Analysis of Aluminum Wire Market for Others, by Country 2021-2031 (%)
Figure 24. Aluminum Wire Market, by End Use Industry, 2021 (%)
Figure 25. Comparative Share Analysis of Aluminum Wire Market for Electronics and Electrical, by Country 2021-2031 (%)
Figure 26. Comparative Share Analysis of Aluminum Wire Market for Aerospace , by Country 2021-2031 (%)
Figure 27. Comparative Share Analysis of Aluminum Wire Market for Automotive, by Country 2021-2031 (%)
Figure 28. Comparative Share Analysis of Aluminum Wire Market for Building and Construction, by Country 2021-2031 (%)
Figure 29. Comparative Share Analysis of Aluminum Wire Market for Packaging, by Country 2021-2031 (%)
Figure 30. Comparative Share Analysis of Aluminum Wire Market for Others, by Country 2021-2031 (%)
Figure 31. Aluminum Wire Market by Region, 2021
Figure 32. U.S. Aluminum Wire Market, 2021-2031 ($Billion)
Figure 33. Canada Aluminum Wire Market, 2021-2031 ($Billion)
Figure 34. Mexico Aluminum Wire Market, 2021-2031 ($Billion)
Figure 35. Germany Aluminum Wire Market, 2021-2031 ($Billion)
Figure 36. France Aluminum Wire Market, 2021-2031 ($Billion)
Figure 37. UK Aluminum Wire Market, 2021-2031 ($Billion)
Figure 38. Spain Aluminum Wire Market, 2021-2031 ($Billion)
Figure 39. Italy Aluminum Wire Market, 2021-2031 ($Billion)
Figure 40. Rest of Europe Aluminum Wire Market, 2021-2031 ($Billion)
Figure 41. China Aluminum Wire Market, 2021-2031 ($Billion)
Figure 42. Japan Aluminum Wire Market, 2021-2031 ($Billion)
Figure 43. India Aluminum Wire Market, 2021-2031 ($Billion)
Figure 44. South Korea Aluminum Wire Market, 2021-2031 ($Billion)
Figure 45. Rest of Asia-Pacific Aluminum Wire Market, 2021-2031 ($Billion)
Figure 46. Brazil Aluminum Wire Market, 2021-2031 ($Billion)
Figure 47. Saudi Arabia Aluminum Wire Market, 2021-2031 ($Billion)
Figure 48. South Africa Aluminum Wire Market, 2021-2031 ($Billion)
Figure 49. Rest of LAMEA Aluminum Wire Market, 2021-2031 ($Billion)
Figure 50. Top Winning Strategies, by Year
Figure 51. Top Winning Strategies, by Development
Figure 52. Top Winning Strategies, by Company
Figure 53. Product Mapping of Top 10 Players
Figure 54. Competitive Dashboard
Figure 55. Competitive Heatmap: Aluminum Wire Market
Figure 56. Top Player Positioning, 2021
Figure 57. Totoku Electric Co. Ltd.: Net Revenue, 2020-2022 ($Million)
Figure 58. Arfin India Limited: Net Revenue, 2019-2021 ($Million)
Figure 59. Sumitomo Electric: Net Revenue, 2020-2022 ($Million)
Figure 60. Sumitomo Electric: Revenue Share by Segment, 2021 (%)
Figure 61. Sumitomo Electric: Revenue Share by Region, 2021 (%)
Figure 62. Kobe Steel Ltd.: Net Revenue, 2019-2021 ($Million)
Figure 63. Kobe Steel Ltd.: Revenue Share by Segment, 2021 (%)
Figure 64. Kobe Steel Ltd.: Revenue Share by Region, 2021 (%)
Executive Summary
According to the report titled, “Aluminum Wire Market," The aluminum wire market was valued at $50.7 billion in 2021, and is estimated to reach $69.7 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031.Aluminum wire is a sort of electrical wiring for residential construction or residences that employs aluminum electrical conductors. Aluminum has a superior conductivity-to-mass ratio than copper, hence it is used to wire power grids, such as overhead power transmission lines and local power distribution lines for aircraft power wiring. Utility firms have employed aluminum wire for electrical transmission in power networks from the late 1800s until the early 1900s. Aluminum wire has a cost and weight advantage over copper wires, making it the preferred material for power transmission and distribution applications.
Compared to copper, aluminum is a slightly soft and weak metal. When the circuit's temperature rises, the wire expands and flows into the vacant spaces of electrical connectors. When an electric current flows across this circuit, pressure is generated, and the aluminum wire connector is heated. Nevertheless, when the energy is turned off, the aluminum cools and contracts. Aluminum wiring has numerous advantages, such as being lighter and more malleable than copper, making it easier to work with, and being a less expensive metal, making installation more cost-effective. Increased use of aluminum wire for lightweight automobiles is the primary factor driving the expansion of the global market. Midway through the 1960s, aluminum wire began to be used in commerce and industry, after a rise in the rate of acceptance and a favorable trend for the global aluminum wire market. Cables and aluminum wire have rapidly replaced cables and copper wire during the past few years. Due to its reduced weight, aluminum has also proven to be a superior material for overhead transmission cables in comparison to copper. It also provides a cost advantage for power transmission cable cables. Aluminum was a cheaper and lighter alternative to copper for the wires, and it was also softer and less likely to cause damage when the installation process began.
The market for aluminum wires is expected to be driven by the rise in demand for industrial ethernet. This is explained by the increase in use of broadband internet and the growing acceptance of the internet of things (IoT) and automation in various industries. The absorption of aluminum patch cables, also known as Copper Clad Aluminum (CCA) or CCE (for Copper Clad Ethernet), is higher than that of pure copper cables. Aluminum wires will be in high demand due to the widespread adoption of Ethernet. For instance, the industrial Ethernet market is predicted to reach $72 million globally by 2024, creating considerable opportunities for wire makers. Therefore, the market for aluminum wires will continue to expand with surge in popularity of the ethernet.
In the automotive industry, aluminum wires are replaced with copper wires because of their superior conductivity, dependability, and malleability. Small gauge wires are increasingly used in the automotive industry to enable technological advancements. In order to produce fuel-efficient vehicles, original equipment manufacturers (OEMs) are attempting to minimize gauge size to reduce vehicle weight. Due to its intrinsic characteristics, copper may be employed more effectively in thinner gauge applications than aluminum. Copper is also easy to manufacture and assemble for packaged wiring applications, and it can be sized in small bundles. It also reduced corrosion and termination difficulties, making it one of the most sought-after materials in the automotive industry. This acts as a challenge for the aluminum wire market.
In both residential and non-residential environments, aluminum wires may be used for wiring and connectivity. Human safety is ensured by the fact that aluminum wires are simple to install, preserve the dependability of electrical circuits, and can tolerate high temperatures during fires. A rise in demand for aluminum wires has resulted in an increase in public awareness of the importance of building safety. These wires are used in the power distribution of nearly every commercial and residential structure. The aluminum wires market in the building & construction industry is offered lucrative opportunities as construction activities increase.
For the purpose of analysis, the aluminum wire scope covers segmentation based on type, installation type, end-use industry, and region. The report provides information on several types, including the market divided into all aluminum alloy conductor (AAAC), aluminum alloy wire, and aluminum conductor steel reinforced (ACSR). On the basis of insulation type, the market is divided into XLPE insulation, PVC Insulation, EPR insulation, and others. Furthermore, the end-use industry covered in the study includes electronics and electrical, aerospace, automotive, building and construction, packaging, and others. In addition, it analyzes the current market trends across different regions, such as North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global aluminum wire market are TRIMET Aluminium SE, Novametal Group, Totoku Electric Co. Ltd., SouthWire, Heraeus Electronics, Sumitomo Electric, TT Cables, Arfin India Limited, MWS Wire Industries, Inc., and Kobe Steel Ltd. Other players operating in the market are Kaiser Aluminium, Vedanta Limited, RUSAL, Sohar Aluminium and Axon' Cable.
Key findings of the study
- On the basis of type, the all-aluminum alloy conductor (AAAC) segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period.
- On the basis of insulation type, the XLPE insulation segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period.
- Depending on end-use industry, the building and construction segment is expected to grow at a CAGR of 3.8%, in terms of revenue, during the forecast period.
- Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.
Companies Mentioned
- TT Cables
- TRIMET Aluminium SE
- Novametal Group
- Totoku Electric Co. Ltd.
- Heraeus Electronics
- Sumitomo Electric
- MWS Wire Industries, Inc.
- Arfin India Limited
- Kobe Steel Ltd.
- SouthWire
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 570 |
| Published | December 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 50.7 billion |
| Forecasted Market Value ( USD | $ 69.7 billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
