Aluminum Cable Market, By Type, By Application, By Geography

Description

Global aluminum cable market is estimated to be valued at USD 25.23 Bn in 2024 and is expected to reach USD 35.98 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 25.23 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.20%	2031 Value Projection:	US$ 35.98 Bn

Figure. Aluminum Cable Market Share (%), By Region, 2024

Aluminum cables are used in power transmission and distribution networks as these are lightweight, corrosion resistance and high electrical conductivity. Aluminum as a material for cables offers 25% lower weight as compared to traditional copper cables, and thus, improves efficiency during the installation process. Moreover, aluminum cables provide high capacity or current-carrying capability allowing more current to pass through the same cable cross-section. Growing investments towards upgrading aging grid infrastructure and expanding electricity access globally is expected to drive the aluminum cable market growth. Factors such as rising renewable energy integration, renovation of existing networks, and focus on minimizing transmission losses can boost demand for aluminum cables in the near future.

Market Dynamics:

Global aluminum cable market is expected to witness robust growth due to increasing investments towards modernizing aging power grids. Global aluminum cable market growth is driven by growth in renewable energy capacity additions worldwide, rising industrialization and infrastructure development activities particularly in emerging economies, and initiatives directed towards minimizing transmission and distribution losses. However, fluctuating raw material prices can hamper the market growth. Ongoing research & development activities to enhance aluminum cable conducting properties and environmental stability can drive the market growth. New product launches catering to specialized applications such as solar farms, transportation networks and offshore wind farms can offer lucrative opportunities for the aluminum cable market.

Key Features of the Study:

This report provides in-depth analysis of the global aluminum cable market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aluminum cable market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include NEXANS, 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
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global aluminum cable market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aluminum cable market

Market Segmentation

By Type:
- Interlocking Metal Sheathed Cable
- Flame Retardant Fire-resistant Cable
- Others
By Application:
- Transformers
- Motors
- Circuit breakers
- Electrical appliances
- Automobile
- Others
By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- NEXANS
- 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

Product Code: CMI6993

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Aluminum Cable Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Aluminum Cable Market
Impact Analysis

5. Global Aluminum Cable Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Interlocking Metal Sheathed Cable
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Flame Retardant Fire-resistant Cable
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Aluminum Cable Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Transformers
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Motors
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Circuit breakers
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Electrical appliances
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automobile
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Aluminum Cable Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.S.
  - Canada
  - Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- NEXANS
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Prysmian S.p.A
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Finolex Cables
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Havells India
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Polycab
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Sterlite Technologies
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Paraflex
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Elson House
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Vimco Plast
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Emmflex Group
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Modern Industries
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- KIE Industries
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Cerro wire LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- DUCAB
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Encore Wire Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- South wire Company, LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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