Industry Background:
Conductor refers to a material in which electricity, heat or sound can flow through. An electric conductor conducts electricity. It is an object or type of material which carries electric charge in one or more direction. The electric conductor is widely used in bursars, transformers and power cable. Material made of metal is the most common electric conductor. According to the International Energy Agency (IEA), the world power demand is expected to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), CTC Global (United States), Nexans (France), Apar Industries (India), General Cable (United States), Sterlite Technologies (India), Lamifil (Belgium), Diamond Power Infrastructure (India), Tele-Fonika Kable (Poland), J-Power Systems (India) and Midal Cables (Bahrain) |
This growth is primarily driven by Growth in Population and Global Economy, Growing Energy Consumption Due to Industrialization & Urbanization and Increasing Focus on Energy Efficiency.
Globally, a noticeable market trend is evident New Technological Advancements Are Emerging In Order To Reduce Manufacturing Costs of Electrical Conductors
Major Manufacturers, such as 3M (United States), CTC Global (United States), Nexans (France), Apar Industries (India), General Cable (United States), Sterlite Technologies (India), Lamifil (Belgium), Diamond Power Infrastructure (India), Tele-Fonika Kable (Poland), J-Power Systems (India) and Midal Cables (Bahrain), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The competitive landscape of the Electrical Conductor Market is a crucial focus of our analysis. We have conducted an exhaustive examination of key market players, both established and emerging, to provide insights into their strategies, strengths, and weaknesses.
Key Developments in the Market:
In April 2023,Nexans announces today the successful completion of its acquisition of Reka Cables, a premium high, medium and low voltage cables manufacturer in Finland, from Reka Industrial (listed at NASDAQ Helsinki Ltd.) following receipt of regulatory clearance.
In January 2023 Nexans, a global organization and key driver for the world's transition to a more connected and sustainable future, today announced the launch of the CANADEX® 2.0 line of NMD90 cables, an upgrade to the existing line of CANADEX® cables. The line is designed to accelerate the installation process, allowing electricians to perform more work in less time, cut overall project costs, and reduce their carbon footprints.
Influencing Trend:
New Technological Advancements Are Emerging In Order To Reduce Manufacturing Costs of Electrical Conductors and Rise in Demand for High-Temperature Superconducting Cables
Market Growth Drivers:
Growth in Population and Global Economy, Growing Energy Consumption Due to Industrialization & Urbanization and Increasing Focus on Energy Efficiency
Challenges:
Volatility of Raw Material Prices, Especially Copper
Restraints:
AAC Finds Its Limited Use in Transmission Lines
Opportunities:
Development of Smart Cities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Electrical Conductor Market
- Analysis about New Entrants in Electrical Conductor Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electrical Conductor Study Sheds Light on
The Electrical Conductor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electrical Conductor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electrical Conductor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.