Market Overview:
The global steel core aluminum alloy stranded 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 steel core aluminum alloy stranded wire in various applications, such as bare overhead transmission conductor, distribution conductor, messenger support device, and others. Additionally, the growing infrastructure development across the globe is also fueling the growth of this market. However, fluctuating prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Steel Core Aluminum Alloy Stranded Wire is a type of electrical wiring that uses an aluminum alloy conductor with a steel core. This type of wiring is used in applications where high strength and corrosion resistance are required. The steel core helps to protect the aluminum alloy from corrosion, while the aluminum alloy provides good electrical conductivity.
ACSR/AW:
ACSR/AW is a type of aluminum-silicon alloy, which contains about 15% aluminum and the balance is made up of silicon. The product has low electrical resistivity and can easily be used in transmission lines as well as for power cables. It also offers high flexibility, corrosion resistance, good dielectric strength & insulation properties along with easy installation characteristics.
ACSR/TW:
ACSR/TW is an alloy of aluminum and steel which has a composition of about 68% to 32% by weight of aluminum. It has the property that it can be bent, but not broken like other alloys. The TW ( Transformation temperature Wire) version is softer than the ACSR ( Aluminum Clad Steel Reinforced) version and can be used up to 1,500°C without any problems whereas ACSR cannot go beyond 800°C.
Application Insights:
Bare overhead transmission conductor (BUT) application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The rising demand for steel core aluminum alloy stranded wire in BUT applications is attributed to its excellent mechanical strength, flexibility, and ability to resist corrosion. Furthermore, it has a low weight as compared with other materials which further boosts its demand.
The distribution conductor application segment was valued at USD 1.5 billion in 2016 and is expected to witness steady growth over the next six years on account of increasing electricity generation from renewable sources such as wind energy coupled with industrial development activities within key economies such as China India & Brazil which will boost electrical grid construction activities thereby influencing industry dynamics positively.
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 Vietnam. Rapid industrialization coupled with increasing government spending on infrastructure development has resulted in a significant rise in demand for steel core aluminum strand wire products from various applications across Asia Pacific.
The North American market was valued at USD X million in 2017 and is anticipated to witness considerable growth over the forecast period owing to rising construction spending along with growing emphasis on upgrading existing transmission & distribution networks of U.S., which will drive industry expansion across this region during the forecast years as well as future revisions of this study.
In Europe, Germany emerged as a major consumer for steel core aluminum alloy stranded wire products owing to high electricity demand along with extensive usage of power transmission facilities by industries including petrochemical & oil & gas sectors for efficient operations throughout their production processes within European Union (EU).
Growth Factors:
- Increasing demand from the automotive and electrical industries for steel core aluminum alloy stranded wire is expected to drive the market growth.
- Rising demand for lightweight and durable wires owing to their properties such as corrosion resistance, high tensile strength, and thermal conductivity is anticipated to propel the market growth over the forecast period.
- Growing popularity of steel core aluminum alloy stranded wire in various end-use applications such as aerospace, defense, marine, construction, and transportation is likely to boost the market growth in future.
- Technological advancements in manufacturing processes of steel core aluminum alloy stranded wire are projected to create new opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Core Aluminum Alloy Stranded Wire Market Research Report
By Type
ACSR/AW, ACSR/TW
By Application
Bare Overhead Transmission Conductor, Distribution Conductor, Messenger Support Device, Others
By Companies
Nexans, Southwire Company, Midal Cables Ltd., General Cable, Apar Industries Ltd., Hengtong Group, Sumitomo Electric Industries, LS Cable, Tongda Cable, Hanhe Cable, Saudi Cable Company, K M Cables & Conductors
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Steel Core Aluminum Alloy Stranded Wire Market Report Segments:
The global Steel Core Aluminum Alloy Stranded Wire market is segmented on the basis of:
Types
ACSR/AW, ACSR/TW
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
Bare Overhead Transmission Conductor, Distribution Conductor, Messenger Support Device, 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:
- Nexans
- Southwire Company
- Midal Cables Ltd.
- General Cable
- Apar Industries Ltd.
- Hengtong Group
- Sumitomo Electric Industries
- LS Cable
- Tongda Cable
- Hanhe Cable
- Saudi Cable Company
- K M Cables & Conductors
Highlights of The Steel Core Aluminum Alloy Stranded 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:
- ACSR/AW
- ACSR/TW
- By Application:
- Bare Overhead Transmission Conductor
- Distribution Conductor
- Messenger Support Device
- 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 Steel Core Aluminum Alloy Stranded 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?
Steel core aluminum alloy stranded wire is a type of wire made from an aluminum alloy with a steel core. The steel core makes the wire stronger and more durable than other types of aluminum wires.
Some of the major companies in the steel core aluminum alloy stranded wire market are Nexans, Southwire Company, Midal Cables Ltd., General Cable, Apar Industries Ltd., Hengtong Group, Sumitomo Electric Industries, LS Cable, Tongda Cable, Hanhe Cable, Saudi Cable Company, K M Cables & Conductors.
The steel core aluminum alloy stranded 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 Steel Core Aluminum Alloy Stranded 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 Steel Core Aluminum Alloy Stranded Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Core Aluminum Alloy Stranded 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 Steel Core Aluminum Alloy Stranded 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 Steel Core Aluminum Alloy Stranded Wire Market Size & Forecast, 2020-2028
4.5.1 Steel Core Aluminum Alloy Stranded Wire Market Size and Y-o-Y Growth
4.5.2 Steel Core Aluminum Alloy Stranded Wire Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 ACSR/AW
5.2.2 ACSR/TW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Bare Overhead Transmission Conductor
6.2.2 Distribution Conductor
6.2.3 Messenger Support Device
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel Core Aluminum Alloy Stranded 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 Steel Core Aluminum Alloy Stranded 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 ACSR/AW
9.6.2 ACSR/TW
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 Market Size Forecast by Applications
9.10.1 Bare Overhead Transmission Conductor
9.10.2 Distribution Conductor
9.10.3 Messenger Support Device
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 ACSR/AW
10.6.2 ACSR/TW
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 Market Size Forecast by Applications
10.10.1 Bare Overhead Transmission Conductor
10.10.2 Distribution Conductor
10.10.3 Messenger Support Device
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 ACSR/AW
11.6.2 ACSR/TW
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 Market Size Forecast by Applications
11.10.1 Bare Overhead Transmission Conductor
11.10.2 Distribution Conductor
11.10.3 Messenger Support Device
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 ACSR/AW
12.6.2 ACSR/TW
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 Market Size Forecast by Applications
12.10.1 Bare Overhead Transmission Conductor
12.10.2 Distribution Conductor
12.10.3 Messenger Support Device
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 ACSR/AW
13.6.2 ACSR/TW
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) Market Size Forecast by Applications
13.10.1 Bare Overhead Transmission Conductor
13.10.2 Distribution Conductor
13.10.3 Messenger Support Device
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 Steel Core Aluminum Alloy Stranded Wire Market: Competitive Dashboard
14.2 Global Steel Core Aluminum Alloy Stranded Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nexans
14.3.2 Southwire Company
14.3.3 Midal Cables Ltd.
14.3.4 General Cable
14.3.5 Apar Industries Ltd.
14.3.6 Hengtong Group
14.3.7 Sumitomo Electric Industries
14.3.8 LS Cable
14.3.9 Tongda Cable
14.3.10 Hanhe Cable
14.3.11 Saudi Cable Company
14.3.12 K M Cables & Conductors
