Copper Stranded Wire Market by Product Types (Soft Copper Stranded Wire and Solid Copper Stranded Wire), Geometry (Bunched, Concentric, and Other Geometries), Applications (Construction, Energy, Transportation, Electronics and Telecommunication, and Other End-user Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global copper stranded wire market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing energy requirements, rise in construction industry, increasing inter-connections of electronics & electrical equipment, and developments of products with more functional and flexible applications.
Copper stranded wire is a group of smaller copper wires wrapped or bundled together to form a large conductor. In terms of conductivity copper stranded wire is better than solid wire owing to individual wires collectively comprise a greater surface area. Stranded copper wire is made with specific characteristic to achieve tenacity and smaller wires bundled as braids are much more resistant to breaking under repeated motion and vibration.
The copper stranded wire is used as flexible jointing wire in electric transmission and distribution appliance such as volt transformer, electric stove, and electronic equipment, it is also used as grounding wire in electric working. Construction applications include use of copper wire in electrical wiring in home, commercial areas, industries, and building spaces. Copper wires are known for high tolerance to vibration and expansion of heavy production machines. Stranded Copper wire are also used for flexible electrical connections between large components.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid growth in demands in information and communication technology sector and surge in requirements in construction and electronics industry are anticipated to drive the market expansion during the forecast period.
- Increasing demand for electrical services in residential and commercial buildings and growing requirements in manufacturing electrical machinery, cables for power and telecommunications, and automobiles are expected to spur the market growth in the coming years.
- Covid-19 outbreak caused a huge fall in revenue in construction industry resulting in halting of key developments in the sector which present as a major challenge that can impede the market expansion in the coming years.
- Shortage of labor, supply of raw materials, and transportation act as key factors which are anticipated to impede the market growth during the forecast period.
- Growing investments and improving efficient production capacities across emerging developing regions is estimated to offer lucrative opportunities for market players.
Scope of the Report
The report on the global copper stranded wire market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Copper Stranded Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Product Types (Soft Copper Stranded Wire and Solid Copper Stranded Wire), Geometry (Bunched, Concentric, and Other Geometries), Applications (Construction, Energy, Transportation, Electronics and Telecommunication, and Other End-user Industries) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Alan Wire Company, Prysmian Group, Sumitomo Electric Industries, Nexans, General Cable Group, Southwire, SKB Group, Superior Essex, Alfanar Group, Owl Wire& Cable, Poly Cab |
Market Segment Insights
Stranded copper wire segment is projected to constitute a large market share
Based on product types, the copper stranded wire market is bifurcated into soft copper stranded wire and solid copper stranded wire. Stranded copper wire segment is projected to constitute a large market share. The segment market growth is attributed to its extensive applications in construction and electronics industry due to its beneficial characteristics such as more flexibility, being able to withstand bend, excellent patch cords for equipment and cross-cultural connections where cables are frequently bent and manipulated. Increasing demand for stranded copper wire in telecommunications sector, one such popular example is use in Power over ethernets (PoE) is expected to propel the market growth at a steady rate.
Bunched segment is expected to expand at a significant pace
On the basis of geometry, the copper stranded wire market is segregated into bunched, concentric, and other geometries. Bunched segment is expected to expand at a significant pace due to the beneficial attributes of bunched stranding in contrast to the others. Bunched stranding is composed of any number of strands twisted together in the same direction without regard to geometrical arrangement of the individual strands. They are cost efficient and relatively easy to manufacture which is expected to push the market segment expansion during the forecast period.
Electronics segment is anticipated to register a substantial CAGR
In terms of applications, the copper stranded market is segmented into construction, energy, transportation, electronics and telecommunication, and other end-user industries. Electronics segment is anticipated to register a substantial CAGR during the forecast period owing to significant technological changes and advancements globally in the industry and growing demand from the emerging and developing economies worldwide.
On the other hand, the telecommunications and construction segment are expected to grow at a healthy rate in the coming years. The segment growth is attributed to increasing activities in construction & building and infrastructure sector globally and growing adoption of copper wire stranded products in telecommunications sector for transmission purposes.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the copper stranded wire market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market due to increasing construction activities in emerging economies such as India, Indonesia, Malaysia, and China. The infrastructure sector on various developing countries across the region has witnessed a substantial interest from foreign investors which is expected to push the market growth during the forecast period.
Segments
Segments Covered in the Report
Product Types
- Soft Copper Stranded Wire
- Solid Copper Stranded Wire
Geometry
- Bunched
- Concentric
- Other Geometries
Applications
- Construction
- Energy
- Transportation
- Electronics
- Telecommunication
- Other End-user Industries
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Alan Wire Company
- Prysmian Group
- Sumitomo Electric Industries
- Nexans
- General Cable Group
- Southwire
- SKB Group
- Superior Essex
- Alfanar Group
- Owl Wire& Cable
- Poly Cab
Competitive Landscape
Key players competing in the copper stranded wire market include Alan Wire Company, Prysmian Group, Sumitomo Electric Industries, Nexans, General Cable Group, Southwire, SKB Group, Superior Essex, Alfanar Group, Owl Wire& Cable, Poly Cab.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Copper Stranded Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Copper Stranded Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Copper Stranded Wire Market - Supply Chain
4.5. Global Copper Stranded Wire Market Forecast
4.5.1. Copper Stranded Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Copper Stranded Wire Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Copper Stranded Wire Market Absolute $ Opportunity
5. Global Copper Stranded Wire Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Copper Stranded Wire Market Size and Volume Forecast by Applications
5.3.1. Construction
5.3.2. Energy
5.3.3. Transportation
5.3.4. Electronics
5.3.5. Telecommunication
5.3.6. Other End-user Industries
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Copper Stranded Wire Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Copper Stranded Wire Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Copper Stranded Wire Demand Share Forecast, 2019-2026
7. North America Copper Stranded Wire Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Copper Stranded Wire Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Copper Stranded Wire Market Size and Volume Forecast by Applications
7.4.1. Construction
7.4.2. Energy
7.4.3. Transportation
7.4.4. Electronics
7.4.5. Telecommunication
7.4.6. Other End-user Industries
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Copper Stranded Wire Demand Share Forecast, 2019-2026
8. Latin America Copper Stranded Wire Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Copper Stranded Wire Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Copper Stranded Wire Market Size and Volume Forecast by Applications
8.4.1. Construction
8.4.2. Energy
8.4.3. Transportation
8.4.4. Electronics
8.4.5. Telecommunication
8.4.6. Other End-user Industries
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Copper Stranded Wire Demand Share Forecast, 2019-2026
9. Europe Copper Stranded Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Copper Stranded Wire Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Copper Stranded Wire Market Size and Volume Forecast by Applications
9.4.1. Construction
9.4.2. Energy
9.4.3. Transportation
9.4.4. Electronics
9.4.5. Telecommunication
9.4.6. Other End-user Industries
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Copper Stranded Wire Demand Share Forecast, 2019-2026
10. Asia Pacific Copper Stranded Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Copper Stranded Wire Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Copper Stranded Wire Market Size and Volume Forecast by Applications
10.4.1. Construction
10.4.2. Energy
10.4.3. Transportation
10.4.4. Electronics
10.4.5. Telecommunication
10.4.6. Other End-user Industries
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Copper Stranded Wire Demand Share Forecast, 2019-2026
11. Middle East & Africa Copper Stranded Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Copper Stranded Wire Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Copper Stranded Wire Market Size and Volume Forecast by Applications
11.4.1. Construction
11.4.2. Energy
11.4.3. Transportation
11.4.4. Electronics
11.4.5. Telecommunication
11.4.6. Other End-user Industries
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Copper Stranded Wire Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Copper Stranded Wire Market: Market Share Analysis
12.2. Copper Stranded Wire Distributors and Customers
12.3. Copper Stranded Wire Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Alan Wire Company
12.4.2. Prysmian Group
12.4.3. Sumitomo Electric Industries
12.4.4. Nexans
12.4.5. General Cable Group
12.4.6. Southwire
12.4.7. SKB Group
12.4.8. Superior Essex
12.4.9. Alfanar Group
12.4.10. Owl Wire& Cable
2. Assumptions and Acronyms Used
3. Research Methodology
4. Copper Stranded Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Copper Stranded Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Copper Stranded Wire Market - Supply Chain
4.5. Global Copper Stranded Wire Market Forecast
4.5.1. Copper Stranded Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Copper Stranded Wire Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Copper Stranded Wire Market Absolute $ Opportunity
5. Global Copper Stranded Wire Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Copper Stranded Wire Market Size and Volume Forecast by Applications
5.3.1. Construction
5.3.2. Energy
5.3.3. Transportation
5.3.4. Electronics
5.3.5. Telecommunication
5.3.6. Other End-user Industries
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Copper Stranded Wire Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Copper Stranded Wire Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Copper Stranded Wire Demand Share Forecast, 2019-2026
7. North America Copper Stranded Wire Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Copper Stranded Wire Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Copper Stranded Wire Market Size and Volume Forecast by Applications
7.4.1. Construction
7.4.2. Energy
7.4.3. Transportation
7.4.4. Electronics
7.4.5. Telecommunication
7.4.6. Other End-user Industries
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Copper Stranded Wire Demand Share Forecast, 2019-2026
8. Latin America Copper Stranded Wire Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Copper Stranded Wire Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Copper Stranded Wire Market Size and Volume Forecast by Applications
8.4.1. Construction
8.4.2. Energy
8.4.3. Transportation
8.4.4. Electronics
8.4.5. Telecommunication
8.4.6. Other End-user Industries
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Copper Stranded Wire Demand Share Forecast, 2019-2026
9. Europe Copper Stranded Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Copper Stranded Wire Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Copper Stranded Wire Market Size and Volume Forecast by Applications
9.4.1. Construction
9.4.2. Energy
9.4.3. Transportation
9.4.4. Electronics
9.4.5. Telecommunication
9.4.6. Other End-user Industries
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Copper Stranded Wire Demand Share Forecast, 2019-2026
10. Asia Pacific Copper Stranded Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Copper Stranded Wire Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Copper Stranded Wire Market Size and Volume Forecast by Applications
10.4.1. Construction
10.4.2. Energy
10.4.3. Transportation
10.4.4. Electronics
10.4.5. Telecommunication
10.4.6. Other End-user Industries
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Copper Stranded Wire Demand Share Forecast, 2019-2026
11. Middle East & Africa Copper Stranded Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Copper Stranded Wire Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Copper Stranded Wire Market Size and Volume Forecast by Applications
11.4.1. Construction
11.4.2. Energy
11.4.3. Transportation
11.4.4. Electronics
11.4.5. Telecommunication
11.4.6. Other End-user Industries
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Copper Stranded Wire Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Copper Stranded Wire Market: Market Share Analysis
12.2. Copper Stranded Wire Distributors and Customers
12.3. Copper Stranded Wire Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Alan Wire Company
12.4.2. Prysmian Group
12.4.3. Sumitomo Electric Industries
12.4.4. Nexans
12.4.5. General Cable Group
12.4.6. Southwire
12.4.7. SKB Group
12.4.8. Superior Essex
12.4.9. Alfanar Group
12.4.10. Owl Wire& Cable
Segments Covered in the Report
Product Types
- Soft Copper Stranded Wire
- Solid Copper Stranded Wire
Geometry
- Bunched
- Concentric
- Other Geometries
Applications
- Construction
- Energy
- Transportation
- Electronics
- Telecommunication
- Other End-user Industries
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Alan Wire Company
- Prysmian Group
- Sumitomo Electric Industries
- Nexans
- General Cable Group
- Southwire
- SKB Group
- Superior Essex
- Alfanar Group
- Owl Wire& Cable
- Poly Cab
Key players competing in the copper stranded wire market include Alan Wire Company, Prysmian Group, Sumitomo Electric Industries, Nexans, General Cable Group, Southwire, SKB Group, Superior Essex, Alfanar Group, Owl Wire& Cable, Poly Cab.
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