Global Copper Stranded Wire Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Copper Stranded Wire Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Geometry (Bunched, and Concentric), End-user Industry (Construction, Energy, Transportation, Electronics and Telecommunication, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Copper Stranded Wire Market was valued at USD 34,015.8 million in 2023 and is expected to reach USD 78,957.5 million by 2031 while growing at a CAGR of 11.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global copper stranded wire market growth. Copper stranded wire is an electrical conductor composed of numerous small strands or wires of copper twisted or braided together, enhancing flexibility, conductivity, and durability compared to a solid copper conductor.
Increasing electrification in sectors like transportation and industrial processes, as well as growth in Renewable Energy Projects, propels the copper stranded wire market. However, challenges from environmental regulations and competition with Aluminum Stranded Wire hinder market expansion.
Furthermore, the global Copper Stranded Wire industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Geometry Analysis
The Global Copper Stranded Wire Market is segmented among Bunched, and Concentric, based on Geometry. In 2023, Bunched accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End-user Industry Analysis
The Global Copper Stranded Wire Market is segmented among Construction, Energy, Transportation, Electronics and Telecommunication, and Others, based on End-user Industry. In 2023, Construction accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Copper Stranded Wire Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Alan Wire Company, alfanar Group, NEXANS, International Wire, Pacific Electric Wire and Cable Co., Ltd., Polycab India Limited, Prysmian S.p.A, Sarkuysan, Southwire Company, LLC., and Sumitomo Electric Industries, Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Copper Stranded Wire Market Dynamics
Drivers
Restraints
Opportunity
4. Global Copper Stranded Wire Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Copper Stranded Wire Market Segmentation, By Geometry
Global Copper Stranded Wire Market Share Analysis, By Geometry
Global Copper Stranded Wire Market Growth Analysis, By Geometry
Global Copper Stranded Wire Market Trends, By Geometry
o Bunched
o Concentric
6. Global Copper Stranded Wire Market Segmentation, By End-user Industry
Global Copper Stranded Wire Market Share Analysis, By End-user Industry
Global Copper Stranded Wire Market Growth Analysis, By End-user Industry
Global Copper Stranded Wire Market Trends, By End-user Industry
o Construction
o Energy
o Transportation
o Electronics and Telecommunication
o Other
7. Global Copper Stranded Wire Market Segmentation, By Region
Global Copper Stranded Wire Market Share Analysis, By Region
Global Copper Stranded Wire Market Growth Analysis, By Region
Global Copper Stranded Wire Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Alan Wire Company*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
alfanar Group
NEXANS, International Wire
Pacific Electric Wire and Cable Co., Ltd.
Polycab India Limited
Prysmian S.p.A
Sarkuysan
Southwire Company, LLC.
Sumitomo Electric Industries, Ltd
*Similar analysis will be provided for each company listed above.
