Le Lézard
Classified in: Mining industry, Covid-19 virus
Subject: MRR

667.27 Thousand Tons growth expected in Aluminum Conductors Market | 2.05% YOY growth in 2021 amid COVID-19 Spread | APAC to Notice Maximum Growth | Technavio


NEW YORK, May 14, 2021 /PRNewswire/ -- The global aluminum conductors market by type (AAC, AAAC, ACSR, and other aluminum conductors) and geography (APAC, Europe, North America, South America, and MEA) has been added to Technavio's offering. The global aluminum conductors market is expected to grow by 667.27 thousand tons, at a CAGR of almost 3% during 2021-2025.

Request a Free Sample Report to Know More

The manufacturing sector was severely impacted by the spread of COVID-19 in 2020. Most of the production units across various industries were either closed or halted, which hampered the demand and supply of aluminum conductors. However, the market is expected to recover in 2021 with the reopening of the manufacturing units and the lift of lockdowns and other restrictions.

The market is expected to be driven by factors such as the expansion and revamping of T&D networks, competitive prices and favorable properties of aluminum conductors, and the expansion of renewable power generation capacity.

The report also offers information on the upcoming trends and challenges that will influence market growth.
Download Our Free Sample Report

Aluminum Conductors Market: Opportunities

The growing emphasis on renewable energy is attracting significant investments in wind, hydro, and solar power plants. For instance, China is planning to add 140 GW of hydropower and 120 GW of wind power capacity by 2023. Besides, rapid growth in economic and industrial activities in emerging economies is increasing the global electricity demand. In addition, the growing need for the replacement of submarine power cables is expected to create significant opportunities for aluminum conductor manufacturers during the forecast period.

Aluminum Conductors Market: Segmentation by Type

Based on the segmentation by type, the market generated maximum revenue in the AAC segment in 2020. The segment is driven by the increasing use of AACs as bus bars in substations. Also, the extensive use of AACs in metro and railway industries is fueling the growth of the segment.

Aluminum Conductors Market: Segmentation by Geography

APAC held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the increasing demand for electricity led by rapid urbanization and improved living standards. Also, increasing investments in the adoption of ultra-high voltage power cables and the rising emphasis on the expansion of T&D networks are contributing to the growth of the aluminum conductors market in APAC.

One of the fortune 500 companies had used the detailed research report on the aluminum conductors market and had decided to increase their market share in the APAC region which offers the highest market opportunities during the forecast period.

Explore more about market opportunities: Enquire about the report before purchasing

Aluminum Conductors Market: Major Vendors

HELUKABEL Romania Srl

The company manufactures cables, conductors, and cable accessories and offers a comprehensive range of products such as industrial cables and conductors for various applications. Helukabel 0,6/1 kV Heluwind WK Powerline Alu Conductor is the key product offered by the company.

Apar Industries Ltd.

The company offers specialized cables for various sectors including railway, defense, solar and windmills, hybrid cables and harnesses, telecommunication, and others. The company offers TACSR Dog Conductors.

Nexans SA

The company offers aluminum conductors of aluminum categories namely hard aluminum, 3/4 hard aluminum, and others. Each category has its dedicated level of resistivity.

Oman Aluminium Processing Industries LLC

The company is involved in the manufacture of aluminum rods, overhead line conductors, and drawn wires. The company offers the product AAC/ACSR/AAAC/ALUMINIUM ROD E.C. GRADE, 9.5mm & Aluminum rod, 9.5 mm.

Oman Cables Industry SAOG

The company offers low voltage cables, medium voltage cables, and other products. Single Core Aluminum Wire Armoured is the key product offered by the company.

Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the aluminum conductors market report: 

 Regional Analysis 

 Market Player Information 

Speak to our Analyst for a Customized Report

Related Reports on Aluminum Conductors Market:

Global Superconductor Market ? Global superconductor market is segmented by product (magnets, cables, transformers, and energy storage devices) and geography (APAC, North America, Europe, South America, and MEA).
Download Exclusive Free Sample Report

Global Oil and Gas Conductor Pipe Market ? Global oil and gas conductor pipe market is segmented by application (onshore and offshore) and geography (North America, APAC, Europe, MEA, and South America).
Download Exclusive Free Sample Report

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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: [email protected]
Website: www.technavio.com
Report: www.technavio.com/report/aluminum-conductors-market-industry-analysis 

SOURCE Technavio


These press releases may also interest you

at 07:30
Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project
Midland Exploration Inc. ("Midland") , is pleased to announce the execution of an amended option agreement on April 22, 2024 (the "Option Agreement") with Rio Tinto Exploration Canada Inc. ("RTEC") and the addition of the Wookie project to the option...

at 07:30
BULGOLD Announces Filing of Fourth Quarter Financial Results for Three and Twelve Months Ended December 31, 2023
BULGOLD Inc. (the "Company" or "BULGOLD") is pleased to announce that it has filed its audited condensed interim financial statements and MD&A for the fourth quarter and year ended December 31, 2023. During the three months ended December 31, 2023,...

at 07:30
McFarlane Completes Geophysical Survey at Its Past Producing McMillan Gold Mine
McFarlane Lake Mining Limited ("McFarlane" or the "Company") (NEO:MLM), a Canadian mineral exploration and development company, is pleased to provide an update on the recent exploration activities at its past producing McMillan...

at 07:07
Greenwave Technology Solutions Further Strengthens its Balance Sheet
Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") , a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that on April 22, 2024, it further strengthened...

at 07:00
Solaris Reports First Drilling Results from 2024 Program and Exploration Update, Including 150m of 0.67% CuEq within 384m of 0.51% CuEq and 284m of 0.53% CuEq from Near Surface
Solaris Resources Inc. ("Solaris" or the "Company") is pleased to report the first drill results from its 2024 drilling program and an exploration update at its Warintza Project ("Warintza" or "the Project") in southeastern Ecuador. Highlights are...

at 07:00
Lithium Ionic Expands Newly Discovered Zone at Salinas; Drills 1.53% Li2O over 15m, incl. 2.31% Li2O over 8m; 1.15% Li2O over 19m, incl. 1.67% Li2O over 10m, and 1.32% Li2O over 14m
Excellent follow-up drill results from high-grade discovery holes at the "Noé" target announced in February 2024, including: 1.53% Li2O over 15m, incl. 2.31% Li2O over 8m1.15% Li2O over 19m, incl. 1.67% Li2O over 10m1.32% Li2O over 14m, incl. 2.16%...

More news about Mining industry...


News published on and distributed by: