Market Overview:
The global copper building wire market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for copper building wire from residential and commercial applications. Additionally, the growing construction industry is also fueling the demand for copper building wire globally. Asia Pacific is expected to be the fastest-growing region in the global copper building wire market during the forecast period.
Product Definition:
A type of electrical wiring made up of copper, typically used in buildings. Copper building wire is important because it is a good conductor of electricity and is resistant to corrosion.
Low Voltage Wire:
Low voltage wire is a term used for electrical wires having a low potential or current. The most common types of Low Voltage Wires include aluminum, copper and PVC. These wires are used in various applications such as household power, telecommunication lines and building wiring systems. They also find application in the automotive industry for electronic control modules (ECM), ignition switches and battery cables among others.
Middle Voltage Wire:
Middle voltage wire is a insulated electrical conductor which generally has a resistance of around 5.1kiloohms and an average cross-sectional area of 0.22 square meters, it is widely used in copper building wire market owing to its several properties such as flexibility, high mechanical strength, temperature resistance and ability to sustain overvoltage & withstand short circuit conditions.
Application Insights:
The commercial segment dominated the global copper building wire market, accounting for a revenue share of more than 60.0% in 2017. The segment is expected to witness significant growth over the forecast period owing to rising construction activities in commercial sectors such as offices, IT parks and business centers. In addition, increasing demand from industrial applications including data centers and power plants is projected to drive the product demand over the next eight years.
The residential sector accounted for a significant share of 19.1% in 2017 due to growing urbanization projects across various developing countries including India China Indonesia Thailand Malaysia Philippines Brazil Argentina Venezuela Chile Colombia Peru Saudi Arabia UAE Pakistan South Africa Spain Italy Sweden France Germany Belgium Netherlands Russia Poland Denmark Rest of Europe Central & South America Asia Pacific and Middle East & Africa) which are likely to propel product demand from 2018 till 2030 ¢â‚¬Å“ especially during peak construction seasons between July.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major copper producing countries, such as China, Australia, and India. Copper mining activities are carried out in this region due to availability of raw materials at a low cost as compared to other regions.
China emerged as a leading consumer and producer of copper building wire owing to large scale production coupled with high demand from various end-use industries such as construction, electrical & electronics industry. In addition, favorable government policies encouraging domestic manufacturing output are likely drive regional growth over the next eight years.
Europe accounted for more than 20% share in terms of volume consumed in 2017 on account of growing construction sector mainly driven by residential application segment which has witnessed significant growth owing increasing population across European countries including Russia and Turkey among others contributing toward overall consumption trends over last few years (see Figure 1).
Growth Factors:
- Increasing demand from the construction sector: The global copper building wire market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from the construction sector. Copper building wires are used in various electrical applications in buildings such as wiring of lights, fans, air conditioners, and other appliances.
- Rising electrification rates: The growth of the copper building wire market is also attributed to rising electrification rates across developing countries. Rapid industrialization and urbanization have led to an increase in demand for electricity, which in turn is fueling the growth of the copper building wire market.
- Growing use of smart grids: Smart grids are being increasingly adopted worldwide as they help reduce energy consumption and improve grid reliability by integrating information and communication technologies with traditional power systems management practices.. This is expected to drive demand for copper building wires over the next few years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Copper Building Wire Market Research Report
By Type
Low Voltage Wire, Middle Voltage Wire
By Application
Residential, Commercial
By Companies
General Cable, Houston Wire & Cable, Southwire, Encore Wire Corporation, Marmon, Prysmian, Superior Essex, Nexans, Okonite, Leoni, General Cable, Sumitomo Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Copper Building Wire Market Report Segments:
The global Copper Building Wire market is segmented on the basis of:
Types
Low Voltage Wire, Middle Voltage Wire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Cable
- Houston Wire & Cable
- Southwire
- Encore Wire Corporation
- Marmon
- Prysmian
- Superior Essex
- Nexans
- Okonite
- Leoni
- General Cable
- Sumitomo Electric
Highlights of The Copper Building Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage Wire
- Middle Voltage Wire
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Copper Building Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Copper building wire is a type of wire used in construction. It is made from copper and has a very high tensile strength. This makes it ideal for use in roofing, siding, and other structural applications.
Some of the major players in the copper building wire market are General Cable, Houston Wire & Cable, Southwire, Encore Wire Corporation, Marmon, Prysmian, Superior Essex, Nexans, Okonite, Leoni, General Cable, Sumitomo Electric.
The copper building wire market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Copper Building Wire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Copper Building Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Copper Building Wire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Copper Building Wire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Copper Building Wire Market Size & Forecast, 2018-2028
4.5.1 Copper Building Wire Market Size and Y-o-Y Growth
4.5.2 Copper Building Wire Market Absolute $ Opportunity
Chapter 5 Global Copper Building Wire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Copper Building Wire Market Size Forecast by Type
5.2.1 Low Voltage Wire
5.2.2 Middle Voltage Wire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Copper Building Wire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Copper Building Wire Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Copper Building Wire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Copper Building Wire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Copper Building Wire Analysis and Forecast
9.1 Introduction
9.2 North America Copper Building Wire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Copper Building Wire Market Size Forecast by Type
9.6.1 Low Voltage Wire
9.6.2 Middle Voltage Wire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Copper Building Wire Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Copper Building Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Copper Building Wire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Copper Building Wire Market Size Forecast by Type
10.6.1 Low Voltage Wire
10.6.2 Middle Voltage Wire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Copper Building Wire Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Copper Building Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Copper Building Wire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Copper Building Wire Market Size Forecast by Type
11.6.1 Low Voltage Wire
11.6.2 Middle Voltage Wire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Copper Building Wire Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Copper Building Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Copper Building Wire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Copper Building Wire Market Size Forecast by Type
12.6.1 Low Voltage Wire
12.6.2 Middle Voltage Wire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Copper Building Wire Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Copper Building Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Copper Building Wire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Copper Building Wire Market Size Forecast by Type
13.6.1 Low Voltage Wire
13.6.2 Middle Voltage Wire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Copper Building Wire Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Copper Building Wire Market: Competitive Dashboard
14.2 Global Copper Building Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Cable
14.3.2 Houston Wire & Cable
14.3.3 Southwire
14.3.4 Encore Wire Corporation
14.3.5 Marmon
14.3.6 Prysmian
14.3.7 Superior Essex
14.3.8 Nexans
14.3.9 Okonite
14.3.10 Leoni
14.3.11 General Cable
14.3.12 Sumitomo Electric
