Global Copper Wire Market 2024-2028
The copper wire market is forecasted to grow by USD 57.48 bn during 2023-2028, accelerating at a CAGR of 6.83% during the forecast period. The report on the copper wire market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing communication and electrical and electronics industries, growing demand for copper wires in transportation industry, and several advantages of using copper wires.
Technavio's copper wire market is segmented as below:
By Type
- Low voltage
- Medium voltage
- High voltage
By End-user
- Electrical and electronics
- Building and construction
- Telecommunication
- Transportation
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing number of renewable energy installations as one of the prime reasons driving the copper wire market growth during the next few years. Also, growing emphasis on copper wire recycling and rising adoption of high-conductivity copper wire will lead to sizable demand in the market.
The report on the copper wire market covers the following areas:
- Copper wire market sizing
- Copper wire market forecast
- Copper wire market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading copper wire market vendors that include Alan Wire Co., American Wire Group, Aviva Metals Inc., Elcowire Group AB, Finolex Cables Ltd., Furukawa Electric Co. Ltd., Hindalco Industries Ltd., Hitachi Ltd., International Wire Group Inc., Mitsubishi Materials Corp., Nexans SA, Ningbo Jintian Copper Group Co. Ltd., Pacific Electric Wire and Cable Co. Ltd., Polycab India Ltd., Prysmian Spa, Sarkuysan, Schneider Electric SE, Southwire Co. LLC, SynFlex Elektro GmbH, and Minnesota Wire and Cable Co.. Also, the copper wire market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.