Global Aluminium Clad Steel (ACS) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Aluminium Clad Steel (ACS) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Aluminium Clad Steel (ACS) market size was valued at USD 2216.4 million in 2023 and is forecast to a readjusted size of USD 2846 million by 2030 with a CAGR of 3.6% during review period.

Aluminium Clad Steel stranded is a composite Concentric-lay-stranded conductors made of aluminum-clad steel wires. ACS cable is well known for its combination of corrosion resistance, high strength and superior electrical conductivity. These properties make it an excellent choice either as overhead static wire (ground wire) It can also be used as core in ACSR conductors.

The Aluminium Clad Steel (ACS) market is driven by several factors that contribute to its growth and demand. Here are some key drivers for the ACS market:

Corrosion resistance: One of the major drivers for the ACS market is its excellent corrosion resistance. The aluminum cladding on the steel core provides a protective barrier against corrosion, making ACS conductors suitable for various applications, especially in coastal and highly corrosive environments. This corrosion resistance feature increases the lifespan of ACS conductors and reduces maintenance costs.

Lightweight and high strength: ACS conductors offer a unique combination of lightweight and high strength. The steel core provides the necessary strength and mechanical support, while the aluminum cladding reduces the weight significantly compared to all-steel conductors. This lightweight property of ACS conductors simplifies installation and reduces the load on supporting structures, making them an attractive choice for overhead transmission and distribution lines.

Cost-effectiveness: ACS conductors offer cost advantages over traditional conductors like ACSR (Aluminium Conductor Steel Reinforced) and all-aluminum conductors. The steel core of ACS conductors is more economical than using pure aluminum or copper as the conductor material. Additionally, the reduced weight of ACS conductors can lead to lower transportation costs and ease of handling during installation, further enhancing their cost-effectiveness.

High ampacity and conductivity: The steel core in ACS conductors provides excellent electrical conductivity, while the aluminum cladding further enhances the ampacity of the conductor. This high ampacity enables ACS conductors to carry more current, making them suitable for applications where high power transmission is required, such as long-distance transmission lines and high-demand industrial installations.

Compatibility with existing infrastructure: ACS conductors are designed to be compatible with existing infrastructure, making them suitable for retrofitting or upgrading projects. They can be easily integrated into the existing power transmission and distribution systems without requiring significant modifications. This compatibility factor simplifies the adoption of ACS conductors in infrastructure projects and contributes to their market demand.

Renewal and expansion of power grids: As power grids age and require renewal or expansion, there is a growing need for conductors that can meet the increasing demand for electricity. ACS conductors provide a reliable and efficient solution for power grid expansion and upgrading projects. The superior mechanical strength and electrical performance of ACS conductors make them a preferred choice in such infrastructure development initiatives.

Growing renewable energy sector: The rapid growth of the renewable energy sector, including wind and solar power, drives the demand for ACS conductors. These conductors are used in the construction of transmission lines that connect renewable energy generation sites to the grid. ACS conductors' lightweight, corrosion resistance, and high ampacity characteristics make them well-suited for renewable energy projects.

The Global Info Research report includes an overview of the development of the Aluminium Clad Steel (ACS) industry chain, the market status of Industrial Use (7 Wires, 19 Wires), Utilities Use (7 Wires, 19 Wires), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Aluminium Clad Steel (ACS).

Regionally, the report analyzes the Aluminium Clad Steel (ACS) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Aluminium Clad Steel (ACS) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Aluminium Clad Steel (ACS) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Aluminium Clad Steel (ACS) industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Km), revenue generated, and market share of different by Type (e.g., 7 Wires, 19 Wires).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Aluminium Clad Steel (ACS) market.

Regional Analysis: The report involves examining the Aluminium Clad Steel (ACS) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Aluminium Clad Steel (ACS) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Aluminium Clad Steel (ACS):

Company Analysis: Report covers individual Aluminium Clad Steel (ACS) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Aluminium Clad Steel (ACS) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Industrial Use, Utilities Use).

Technology Analysis: Report covers specific technologies relevant to Aluminium Clad Steel (ACS). It assesses the current state, advancements, and potential future developments in Aluminium Clad Steel (ACS) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Aluminium Clad Steel (ACS) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Aluminium Clad Steel (ACS) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
7 Wires
19 Wires
37 Wires
61 Wires
Others

Market segment by Application
Industrial Use
Utilities Use
Others

Major players covered
Southwire
Nexans
Prysmian Group
Furukawa Electric
Sumitomo Electric Industries
DeAngeli Prodotti
FAR EAST CABLE
Baosheng
Hanhe Cable
Moseroth
APAR Industries
Hengtong Group
ZTT
Hangzhou Cable
Trefinasa
AFL (Fujikura)
CN Cable Group
LS Cable
Anhui Electric Group Shares
ILJIN
Jinyuan Wire and Cable Group
Great Steel Industrial
Shanghai Silin
Henan Tong-Da Cable
Huatong Cable
Huadong Cable
JSK Industries

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Aluminium Clad Steel (ACS) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Aluminium Clad Steel (ACS), with price, sales, revenue and global market share of Aluminium Clad Steel (ACS) from 2019 to 2024.

Chapter 3, the Aluminium Clad Steel (ACS) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Aluminium Clad Steel (ACS) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Aluminium Clad Steel (ACS) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Aluminium Clad Steel (ACS).

Chapter 14 and 15, to describe Aluminium Clad Steel (ACS) sales channel, distributors, customers, research findings and conclusion.