Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Aluminum Cable Market Size is Expected to Grow from USD 24.09 Billion in 2023 to USD 39.64 Billion by 2033, at a CAGR of 5.11% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Aluminum Cable Market Size, Share, and COVID-19 Impact Analysis, By Type (Interlocking Metal Sheathed Cable, Flame Retardant Fire-Resistant Cable, and Others), By Application (Transformers, Motors, Circuit Breakers, Electrical Appliances, Automobile, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The industry that produces and distributes electrical cables predominantly composed of aluminum conductors is known as the aluminum cable market. These cables are utilized for power grid wiring, including local power distribution lines, overhead power transmission lines, and the power wiring of certain machinery and equipment. Aluminum cables are preferred for power transmission and distribution because they are lighter and more affordable because they have a higher conductivity-to-weight ratio than copper. The global aluminum cable market is expected to grow due to increasing demand for electricity, lightweight, high conductivity, and cost-effectiveness. The market is also expected to be boosted by new infrastructure projects, renovations, and government policies promoting power transmission and distribution. The global aluminum cable market is expected to grow in the coming decade due to its lighter, higher electrical conductivity and lower transportation and material handling costs compared to copper cables. This allows for larger power carrying capacity and the ability to upgrade existing power lines without additional supporting infrastructure. However, the global aluminum cable market growth is being impacted by volatile raw material prices, particularly bauxite prices, which are directly influenced by international commodity markets.
The interlocking metal sheathed cable appliances segment accounted for the highest share with 40.4% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the aluminum cable market is classified into interlocking metal sheathed cable, flame retardant fire-resistant cable, and others. Among these, the interlocking metal sheathed cable appliances segment accounted for the highest share with 40.4% in 2023 and is expected to grow at a significant CAGR during the forecast period. Interlocking metal sheathed cable is a popular choice in the aluminum cable market due to its excellent mechanical protection and moisture resistance properties. It provides 360-degree coverage around the cable core, forming a continuous barrier against cuts, abrasions, and environmental stresses. The flexible yet robust steel armor layer ensures safe handling and installation, even in rough outdoor conditions. The self-closing interlocked construction eliminates water ingress, making it suitable for underground wiring and areas prone to rodent bites or termite attacks.
The electrical appliances segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the aluminum cable market is divided into transformers, motors, circuit breakers, electrical appliances, automobile, and others. Among these, the electrical appliances segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The global consumer electronics and home appliances industry is experiencing rapid growth, leading to increased demand for flexible, durable, and affordable power cables. Aluminum cables are preferred due to their high conductivity, lightweight nature, and cost savings. As appliances continue to grow and adopt new technologies, the demand for aluminum cables in the electrical appliances segment is expected to rise.
North America is estimated to hold the largest share of the aluminum cable market over the forecast period.
North America is estimated to hold the largest share of the aluminum cable market over the forecast period. The US and Canada's industrial infrastructure and strong government focus on power infrastructure upgrades are driving a significant demand for aluminum cables, particularly in transmission and distribution networks, with manufacturers like Southwire Company and Prysmian Group bolstering the supply chain.
Asia Pacific is predicted to have the fastest CAGR growth in the aluminum cable market over the forecast period. Urbanization and industrialization in developing economies like China and India has increased demand for construction and energy sectors. China leads in aluminum production, power generation, and cable manufacturing. Southeast Asian countries like Vietnam, Indonesia, and the Philippines also offer growth opportunities.
Company Profiling
Major key players in the aluminum cable market include ANEXANS , Prysmian S.p.A, Finolex Cables, Havells India, Polycab , Sterlite Technologies, Paraflex , Elson House, Vimco Plast, Emmflex Group , Modern Industries, KIE Industries, Cerro wire LLC, DUCAB, Encore Wire Corporation, South wire Company, LLC, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the aluminum cable market based on the below-mentioned segments:
Global Aluminum Cable Market, By Type
Global Aluminum Cable Market, By Application
Global Aluminum Cable Market, By Regional Analysis
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