"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Copper wire is the best electricity conductor than any substitute material. Copper wire provide easy and safe connections. They are easier to bend and has a high melting point. Heavy overloads or current surges can be beard by a copper wire without the risk of damage. Different types of copper wire share a common feature of electricity conduction with nominal resistance with low voltage. One of the most important properties of copper is that it is malleable. Due to this characteristic, thin sheets of copper can be made. It can be deformed without taking stress and without breaking. Copper is characterized by excellent thermal and electrical conductivity. Copper can withstand environmental changes, which leads to rusting and corrosion. Copper has a very good ability to combine with other metals to form alloys.
Key Market Driver -
The rising demand for copper wires in automotive industries is driving the market coupled with increasing consumption of electricity.
Key Market Restraint -
Availability of substitutes may hamper the growth of this market.
Copper has excellent resistance to corrosion, heat transfer strength, higher conductivity than aluminum and is more ductile with relatively high tensile resistance. These variables drive the market for copper wire. Copper requires less maintenance and is more durable. In large air conditioning systems, Copper can withstand fluid pressures. Such advantages of copper over other metals makes the copper grow significantly enhancing its application in electrical productivity. Copper plays a critical role in the design, performance, comfort and safety of automobiles. Copper is a multifunctional material whose characteristics have made it a key component in automobiles. Hence the rising demand for copper wires in the automotive industry is driving the market coupled with increased electricity consumption. However, availability of substitutes such as aluminum and metal wires may hamper the growth of this market.
On the basis of type, the market of Copper wire is segmented into beryllium copper wire, copper alloy wire, copper clad aluminium wire, copper clad steel wire, copper nickel & nickel plated copper wire, oxygen-free highly conductive copper (OFHC) wire and titanium clad copper wire
On the basis of end-use industry, the market is segmented into constructions, motors, transformers & power generation, aerospace & defence, petrochemical and nuclear and medical industries
From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global copper wire market is fairly fragmented with a number of global & regional players operating. Some of the key players in the Copper Wire market includes Prysmian Group, Alan Wire Company, Nexans, General Cable Technologies Corporation and Sumitomo Electric Industries Ltd , Aviva Metals, Luvata, NINGBO JINTIAN COPPER (GROUP) CO., LTD., SH Copper Products Co., Ltd, Tatung Co., Tongling Jingda Electromagnetic Wire Co., Ltd.
To gain extensive insights into the market, Request for Customization
Based on geography, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific owns the highest share in the copper wire market owing to the rising developments in this region and increased application in electronics products. North America is expected to exhibit strong growth. This growth can be attributed to high demand for copper wire in the construction industry for electricity distribution and transmission. Europe holds a prominent share in this market due to the application in automotive industry. In automobiles copper wire are used to reduce vehicle weight in order to improve fuel economy. Copper plays a crucial role in automotive design, efficiency, comfort and safety. Copper is a multifunctional material which has made it a key component in automobiles. Latin America and middle east are comparatively smaller markets which has witnessed sluggish growth in this market.
By End Use Industries
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry