What is Bare Copper Wire Market?
Bare copper is suitable for overhead transmission and distribution applications. Bare copper wires have found extensive usage in electronics and telecommunication industries apart from basic electrical applications because they are strong and durable. It also is the base used in manufacturing other wires and copper is every time preferred due to its corrosion-resistant properties.The ability of smart grid infrastructure to ensure smooth and proper T&D of electricity by improving and monitoring operating processes across a network is one of the major factors that boost the growth of the market.
The market study is being classified, by Application (Commercial Use and Home Use) and major geographies with country level break-up.
Aurubis AG (Germany), BENKA Electric PTE., LTD.(Singapore), HALCOR Group (Viotia), Small Tube Products (United States), Wieland-Werke AG (Germany), Wolverine Tube, Inc. (United States), Poongsan Corporation (South Korea), Qingdao Hongtai Copper Co., Ltd. (China), Cerro Flow Products LLC (United States), Furukawa Electric Co., Ltd. (Japan) and Cambridge-Lee Industries LLC (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are SH Copper Products Co., Ltd. (Japan) and Shanghai Metal Corporation (China).
Players in the global Bare Copper Wire market have adopted strategies like collaborations, expansions, agreements, and joint ventures, as well as are engaging in the development of new products with high speed & better features to improve product portfolio so as to hold a strong position in the market. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Bare Copper Wire market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Bare Copper Wire market by Type, Application and Region.
On the basis of geography, the market of Bare Copper Wire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in the Power and Electrical Equipment Sector
- Conductivity Properties of Copper
- Growing Solar Power Industry
- Increasing Investment in Smart Grid Network
- Volatile Raw Material Prices of Copper
- Rising Application of Electric Supply in Various Sector
- High Funding In Construction Activities by Government
- Competition from Alternative Metals and Materials
Market Leaders and some development strategies
In Dec 2019, International Wire Group (IWG) announced that it has acquired Owl Wire and Cable (Owl) from Marmon Holdings, Inc. Owl is a producer of high volume, heavy bare, and tinned wire with operations in Canastota, Rome and Boonville, New York.
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Bare Copper Wire Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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