NEW YORK, March 29, 2023 /PRNewswire/ -- The copper alloy wire market is poised to grow by USD 18.16 billion from 2021 to 2026, progressing at a CAGR of 3.21% during the forecast period, according to Technavio. The copper alloy wire market is segmented by application (electrical and electronics, construction, automotive, and others) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alloy Wire International, Aviva Metals Inc., Chaplin Bros Birmingham Ltd., CK SAN ETSU Co. Ltd., Deutsche Nickel GmbH, Diehl Stiftung and Co.KG, Furukawa Electric Co. Ltd., International Bron Metal SA, Jelliff, JLC Electromet Pvt. Ltd., Kamman Group, Knight Group, Little Falls Alloys, Metals United Alloys And Fusion Products Ltd., Mitsubishi Materials Corp., RCI Industries and Technologies Ltd., Saru Precision Wires Pvt. Ltd., Ulbrich Stainless Steels and Special Metals Inc., Wieland Werke AG, and YAMAKIN Co. Ltd. are some of the major market participants. The report offers an up-to-date analysis, and to know the exact growth variance and the Y-O-Y growth rate, Request a sample report.

Growing communication and electrical and electronics industries have been instrumental in driving the growth of the market. However, increasing impurities in the global copper concentrate supply might hamper the market growth. Copper alloy wires are extensively used in communication and electrical and electronics industries, especially in domestic subscriber lines, local area networks, mobile phones, transformers, connectors, and other major as well as minor electronic gadgets. They are used in manufacturing circuits in microprocessors, owing to their heat-sink properties and high efficiency. Because of their high electrical conductivity, they are widely used to manufacture power cables for medium- and low-voltage applications. The global electrical and electronics industry is growing rapidly. Hence, with the growth of the communication and electrical, and electronics industries, the demand for copper alloy wires will increase significantly during the forecast period.

Why buy?

• Add credibility to strategy

• Analyzes competitor's offerings

• Get a holistic view of the market

Grow your profit margin with Technavio - buy the report!

Copper Alloy Wire Market 2022-2026: Segmentation

The market share growth in the electrical and electronics segment will be significant for the market growth during the forecast period. The electrical and electronics segment is estimated to be the largest segment of the global market during the forecast period. Copper alloy wires are widely used in electrical and electronic applications, due to their specific properties such as thermal and electrical conductivity, ductility, abrasion resistance, high mechanical strength, and biofouling resistance.

Geographic Analysis

APAC is estimated to account for 61% of the global market growth during the forecast period. China and Japan are the key markets for copper alloy wire in the region. Market growth in this region is estimated to be faster than the growth of the market in other regions. The rapid industrialization and the growth of the regional electrical and electronics industry will facilitate market growth in APAC over the forecast period.

Insights on the market contribution of various segments, including country- and region-wise data and forecast market size (2021 to 2026) - Download a Sample Report  

Copper Alloy Wire Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026

• Detailed information on factors that will assist copper alloy wire market growth during the next five years

• Estimation of the copper alloy wire market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the copper alloy wire market

• Analysis of the market's competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of copper alloy wire market vendors

Gain instant access to 17,000+ market research reports.  

Technavio's SUBSCRIPTION platform

Related Reports:

The electric wire and cable market size in India is expected to increase by USD 1.65 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4%. The wire and cable industry analysis identifies the growth in renewable power generation as one of the primary factors driving the electric cable and wire market growth.

The winding wire market size is expected to increase to USD 12.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.04%. One of the factors driving the global winding wire industry growth is the expansion of power generation and T&D network.

Browse for Technavio Industrials market reports

Table Of Contents :

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

• 4.1 Five forces summary

• 4.2 Bargaining power of buyers

• 4.3 Bargaining power of suppliers

• 4.4 Threat of new entrants

• 4.5 Threat of substitutes

• 4.6 Threat of rivalry

• 4.7 Market condition

5 Market Segmentation by Application

• 5.1 Market segments

• 5.2 Comparison by Application

• 5.3 Electrical and electronics - Market size and forecast 2021-2026

• 5.4 Construction - Market size and forecast 2021-2026

• 5.5 Automotive - Market size and forecast 2021-2026

• 5.6 Others - Market size and forecast 2021-2026

• 5.7 Market opportunity by Application

6 Customer Landscape

• 6.1 Customer landscape overview

7 Geographic Landscape

• 7.1 Geographic segmentation

• 7.2 Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026

• 7.4 Europe - Market size and forecast 2021-2026

• 7.5 North America - Market size and forecast 2021-2026

• 7.6 South America - Market size and forecast 2021-2026

• 7.7 Middle East and Africa - Market size and forecast 2021-2026

• 7.8 China - Market size and forecast 2021-2026

• 7.9 Japan - Market size and forecast 2021-2026

• 7.10 US - Market size and forecast 2021-2026

• 7.11 Germany - Market size and forecast 2021-2026

• 7.12 France - Market size and forecast 2021-2026

• 7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape

• 9.3 Landscape disruption

• 9.4 Industry risks

10 Vendor Analysis

• 10.1 Vendors covered

• 10.2 Market positioning of vendors

• 10.3 Alloy Wire International

• 10.4 Aviva Metals Inc.

• 10.5 CK SAN ETSU Co. Ltd.

• 10.6 Deutsche Nickel GmbH

• 10.7 Diehl Stiftung and Co.KG

• 10.8 Furukawa Electric Co. Ltd.

• 10.9 RCI Industries and Technologies Ltd.

• 10.10 Ulbrich Stainless Steels and Special Metals Inc.

• 10.11 Wieland Werke AG

• 10.12 YAMAKIN Co. Ltd.

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist

• 11.3 Currency conversion rates for US$

• 11.4 Research methodology

• 11.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/copper-alloy-wire-market-size-to-grow-by-usd-18-16-billion-from-2021-to-2026--driven-by-the-growing-communication-and-electrical-and-electronics-industries---technavio-301781980.html

SOURCE Technavio