Market Overview:
The global copper clad steel wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for copper clad steel wire in various applications, such as power transmission, telecommunications, electric traction, and others. In terms of type, stranded wire is expected to hold the largest share of the global copper clad steel wire market during the forecast period. This can be attributed to its high conductivity and low resistance as compared to other types of wires available in the market.
Product Definition:
copper clad steel wire is the combination of a steel core wire with an outer layer of copper. this type of construction offers the benefits of both metals - the strength and durability of steel, combined with the corrosion resistance and electrical conductivity of copper. as a result, copper clad steel wire is often used for electrical wiring, where its good conductivity is important, as well as in applications where corrosion resistance is needed.
Stranded Wire:
Stranded wire is a special category of electrical wires which consists of two or more conductors twisted together and then sealed in a protective coating. The coated wires are used for transmission of electricity from one point to another. It finds major applications in the power sector, distribution, telecommunication & data communication sectors.
Grounding Rods:
Grounding rods are used in the Copper Clad Steel Wire market to provide an electrical connection to the building structure. They are made of high-grade copper and have a protective outer coating of zinc or aluminum. The main function of these rods is to maintain a low electric potential between them and the grounded object so that no charge can build up on it.
Application Insights:
The power transmission segment led the global copper clad steel wire market in 2017 and is projected to witness significant growth over the forecast period. The segment will expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for electric traction equipment, such as high-tension towers, overhead lines and others.
Telecommunications application was the second largest segment in 2017 and is expected to witness steady growth over the forecast period on account of increasing demand for optic fiber cables, which are manufactured using copper clad steel wires. These products have excellent tensile strength along with low weight which makes them ideal for optic fiber applications across globe.
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 several emerging economies, including China, India, Indonesia and Malaysia. Increasing infrastructure activities coupled with rising demand for electric vehicles in this region will drive copper-clad steel wire demand.
China accounted for a major share of global production owing to large-scale investments made by domestic manufacturers such as Chinalco, Jiangsu Nuclear Power Corporation (SNPJ), Sinopec and Cnooc among others. In addition, increasing foreign investments in power generation projects are projected to boost industry growth over the coming years. For instance; In 2016; Siemens signed a contract worth USD X billion with China General Nuclear Power Corp., which includes supply of nuclear reactors along with other equipment for Tianwan nuclear power plant construction project in Jiangsu Province of China from 2018 onwards (Siemens’s press release).
Growth Factors:
- Increasing demand from the electrical and electronics industry for copper clad steel wire as a conductor of electricity is driving the growth of the market.
- Rising demand for copper clad steel wire in automobiles due to its properties such as high strength, corrosion resistance, and durability is propelling the growth of the market.
- Growing use of copper clad steel wire in telecommunications cables owing to its superior transmission properties is fueling the growth of this market.
- Increasing investments in infrastructure development projects across regions are providing a fillip to this market’s growth prospects.
Scope Of The Report
Report Attributes
Report Details
Report Title
Copper Clad Steel Wire Market Research Report
By Type
Stranded Wire, Grounding Rods, Others
By Application
Power transmission, Telecommunications, Electric Traction, Others
By Companies
Fisk Alloy, Southwire, AFL, MWS Wire Industries, C&M Corporation, Copperhead Industries, Fushi Copperweld, SAM Property, Coppersteel, Shanghai QiFan Cable, BaiChuan Conductor Technology, Baoshan Group, Shaoyang, JinXing Metal Wire, Harbin Cable Group, Copperweld Bimetallics, Conduground, Nehring Electrical Works, General Clad, Greenshine Supcon Tech
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Copper Clad Steel Wire Market Report Segments:
The global Copper Clad Steel Wire market is segmented on the basis of:
Types
Stranded Wire, Grounding Rods, Others
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
Power transmission, Telecommunications, Electric Traction, Others
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:
- Fisk Alloy
- Southwire
- AFL
- MWS Wire Industries
- C&M Corporation
- Copperhead Industries
- Fushi Copperweld
- SAM Property
- Coppersteel
- Shanghai QiFan Cable
- BaiChuan Conductor Technology
- Baoshan Group
- Shaoyang
- JinXing Metal Wire
- Harbin Cable Group
- Copperweld Bimetallics
- Conduground
- Nehring Electrical Works
- General Clad
- Greenshine Supcon Tech
Highlights of The Copper Clad Steel 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:
- Stranded Wire
- Grounding Rods
- Others
- By Application:
- Power transmission
- Telecommunications
- Electric Traction
- Others
- 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 Clad Steel 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 clad steel wire is a type of wire that has a coating of copper on one or both sides. The copper helps to protect the wire from corrosion, making it an ideal choice for applications where durability and long-term performance are important.
Some of the major companies in the copper clad steel wire market are Fisk Alloy, Southwire, AFL, MWS Wire Industries, C&M Corporation, Copperhead Industries, Fushi Copperweld, SAM Property, Coppersteel, Shanghai QiFan Cable, BaiChuan Conductor Technology, Baoshan Group, Shaoyang, JinXing Metal Wire, Harbin Cable Group, Copperweld Bimetallics, Conduground, Nehring Electrical Works, General Clad, Greenshine Supcon Tech.
The copper clad steel wire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Copper Clad Steel 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 Clad Steel Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Copper Clad Steel 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 Clad Steel 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 Clad Steel Wire Market Size & Forecast, 2018-2028
4.5.1 Copper Clad Steel Wire Market Size and Y-o-Y Growth
4.5.2 Copper Clad Steel Wire Market Absolute $ Opportunity
Chapter 5 Global Copper Clad Steel 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 Clad Steel Wire Market Size Forecast by Type
5.2.1 Stranded Wire
5.2.2 Grounding Rods
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Copper Clad Steel 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 Clad Steel Wire Market Size Forecast by Applications
6.2.1 Power transmission
6.2.2 Telecommunications
6.2.3 Electric Traction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Copper Clad Steel 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 Clad Steel 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 Clad Steel Wire Analysis and Forecast
9.1 Introduction
9.2 North America Copper Clad Steel 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 Clad Steel Wire Market Size Forecast by Type
9.6.1 Stranded Wire
9.6.2 Grounding Rods
9.6.3 Others
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 Clad Steel Wire Market Size Forecast by Applications
9.10.1 Power transmission
9.10.2 Telecommunications
9.10.3 Electric Traction
9.10.4 Others
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 Clad Steel Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Copper Clad Steel 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 Clad Steel Wire Market Size Forecast by Type
10.6.1 Stranded Wire
10.6.2 Grounding Rods
10.6.3 Others
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 Clad Steel Wire Market Size Forecast by Applications
10.10.1 Power transmission
10.10.2 Telecommunications
10.10.3 Electric Traction
10.10.4 Others
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 Clad Steel Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Copper Clad Steel 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 Clad Steel Wire Market Size Forecast by Type
11.6.1 Stranded Wire
11.6.2 Grounding Rods
11.6.3 Others
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 Clad Steel Wire Market Size Forecast by Applications
11.10.1 Power transmission
11.10.2 Telecommunications
11.10.3 Electric Traction
11.10.4 Others
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 Clad Steel Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Copper Clad Steel 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 Clad Steel Wire Market Size Forecast by Type
12.6.1 Stranded Wire
12.6.2 Grounding Rods
12.6.3 Others
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 Clad Steel Wire Market Size Forecast by Applications
12.10.1 Power transmission
12.10.2 Telecommunications
12.10.3 Electric Traction
12.10.4 Others
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 Clad Steel Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Copper Clad Steel 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 Clad Steel Wire Market Size Forecast by Type
13.6.1 Stranded Wire
13.6.2 Grounding Rods
13.6.3 Others
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 Clad Steel Wire Market Size Forecast by Applications
13.10.1 Power transmission
13.10.2 Telecommunications
13.10.3 Electric Traction
13.10.4 Others
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 Clad Steel Wire Market: Competitive Dashboard
14.2 Global Copper Clad Steel Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fisk Alloy
14.3.2 Southwire
14.3.3 AFL
14.3.4 MWS Wire Industries
14.3.5 C&M Corporation
14.3.6 Copperhead Industries
14.3.7 Fushi Copperweld
14.3.8 SAM Property
14.3.9 Coppersteel
14.3.10 Shanghai QiFan Cable
14.3.11 BaiChuan Conductor Technology
14.3.12 Baoshan Group
14.3.13 Shaoyang
14.3.14 JinXing Metal Wire
14.3.15 Harbin Cable Group
14.3.16 Copperweld Bimetallics
14.3.17 Conduground
14.3.18 Nehring Electrical Works
14.3.19 General Clad
14.3.20 Greenshine Supcon Tech
