세계의 알미늄 선재, 케이블, 도체 시장(2023-2030년)

Overview

Global Aluminum Wire Rod, Cables & Conductors Market reached US$ 28.6 billion in 2022 and is expected to reach US$ 41.6 billion by 2030, growing with a CAGR of 4.8% during the forecast period 2023-2030.

Investing in the manufacturing of aluminum wire rod has become more and more common among organizations and investors in recent years. The need for aluminum wire rod has surged globally due to the growth of multiple industries such as electronics, energy, transportation and construction. The wire rod is used as an intermediary product in the production of various aluminum items, such as cables, electrical conductors and construction wires. The demand for aluminum wire rod is expected to increase in response to this growing need for these products.

India manufactures high-quality electrical products based on aluminum that meet international standards due to its efforts to adopt innovative methods in the production of cables and conductors as well as its investments in research and development.

For instance, in October 2023, at the Cable & Wire Fair 2023 in New Delhi, Vedanta Aluminum, the leading aluminum manufacturer in India, unveiled an innovative range of wire rods, including the T4, AL59 and 8xxx series. The cutting-edge items, made using sophisticated continuous casting techniques, are poised to increase the standard in the international power and gearbox industry. Its uses are widespread in industries like electronics, building, automotive and infrastructure. Therefore, the Indian market place accounts for the significant market shares in the regional market.

Dynamics

Focus on Theoretical Framework and Prospects in Vehicle Manufacturing

The use of aluminum metal as an alternative conductor for automobile cables has been encouraged by the growing demand for lightweight vehicles and the skyrocketing cost of copper metal due to the depletion of natural resources. The purpose of this thesis work is to establish the theoretical framework for future investigation and advancement concerning the introduction of new vehicle cables, namely aluminum cables. Further investigation into the use of automotive aluminum cables in Scania products can build upon the current automotive sector deployment of these cables, as well as failure analysis and evaluation methodologies pertaining to automotive aluminum cables.

The focus on aluminum as a substitute conductor is in line with the trend in the automotive industry towards the production of lighter vehicles. In the fabrication of cables and conductors, there is an increasing need for lighter materials like as aluminum as cars strive for greater fuel efficiency and lower emissions.

For instance, as per CRU Group data, The top ten producers of aluminum rod account for 36% of the world's wire rod production. With a 54% production share of the top 10, the Indian government and firms with headquarters in India, such as Aditya Birla Group, Nalco and Vedanta, dominate the list of aluminum wire rod producers. In the top ten list, Russia's Rusal is the second-largest producer.

Growing Demand from Electrical Industry

For the transmission and distribution of power, the electrical sector needs conductors and cables that are efficient. Because of its excellent conductivity and lightweight nature, aluminum is a highly preferred material for these kinds of applications, fulfilling the growing need for dependable power networks.

Effective electrical wiring and cables are essential to the operation of industrial machinery, commercial buildings and telecommunications infrastructure, all of which are included in the electrical industry. The specifications are met by aluminum conductors and cables, which supports their increasing demand.

For instance, in February 2023, the largest aluminum manufacturer in India, Vedanta Aluminum, unveiled a new product at the International Aluminum Conference (IAC) 2023 specifically designed for the electrical sector. With a 560 Kilo Tons production capacity, the 12 mm Aluminum Wire Rod is produced utilizing the most recent Properzi Continuous Casting technology. It is composed of 100% primary aluminum for unmatched metal purity. It also enables customized winding patterns, flexibility in lubrication based on customer requirements and superior surface quality.

Availability of Alternatives

Entrepreneurs as well as investors need to be aware of the challenges and opportunities in the market despite the advantages of using aluminum as a material and the growing demand for aluminum wire rod. One of the issues facing the business is the growing competition from alternative materials like steel and copper. Due to their strength and electrical conductivity, these materials can also be utilized to make building cables and electrical conductors.

Due to its lighter and has sufficient conductivity, aluminum can be used as wire rod, cables and conductors in place of copper. Industry perceptions of aluminum as a more affordable alternative are growing as supply becomes more limited or as copper prices rise. Cost-Effectiveness and Abundance: Aluminum is more economical and abundant than copper. The availability of aluminum as a raw material for wire rods and conductors makes it an appealing option for industries looking for cost-effective solutions, particularly in large-scale applications.

Copper Price Volatility

Copper price fluctuations have a direct impact on aluminum's appeal as a substitute material for wire rods, cables and conductors. The need or motivation to convert to aluminum decreases when copper prices are low or stable, which has an impact on the market's potential for growth for products based on aluminum. The price volatility of copper has an impact on aluminum's ability to compete as a substitute. The price advantage of aluminum could be reduced if copper prices drop or stay steady for a long time, which would affect its market penetration and limit its expansion.

Industries and manufacturers weigh a number of criteria, such as the cost of materials, before selecting between copper and aluminum for their wire rod and conductor needs. Prolonged volatility in copper prices can induce uncertainty and delay in the decision-making process, leading enterprises to defer or reevaluate their transition to substitute resources.

Segment Analysis

The global aluminum wire rod, cables & conductors market is segmented based on product, end-user and region.

The Growing Demand for Power Transmission and Distribution

Electrical cables and conductors are extensively used in ongoing infrastructure projects globally, such as the upgrading and extension of power grids, electrical networks and renewable energy installations. Because of its low weight, aluminum is a suitable material for power transmission lines. Because of its lower weight, installation and maintenance are easier to handle and more affordable because there is less strain on towers and other support structures.

For instance, in January 2023, The framework for enhancing the eco-balance of power lines has been established by aluminum manufacturer Trimet and Nexans. Both companies collaborated on an innovative initiative that produced a substance including recycled aluminum that can be used to make aluminum rod, which is utilized in electrical wires.

With a lower carbon footprint, Trimet and Nexans have developed a new product that can meet the stringent technical specifications for the alloy's conductivity and mechanical qualities. Up until now, primary aluminum has been the only material used in the production of power cables. Therefore, the power transmission and distribution segment capture the majority of the total segmental shares.

Geographical Penetration

Asia-Pacific's Infrastructure Development and Growing Energy Demands Propel Aluminum Product Market Dominance

The region's ongoing infrastructure development initiatives, such as the building of industrial zones, smart cities and transportation networks, necessitate substantial electrical wiring and distribution systems, which in turn drives up demand for items made of aluminum.

In order to transmit the electricity produced by these renewable sources and support market expansion, aluminum conductors are essential. Therefore, the Asia-Pacific holds for the significant market shares in the global product market.

COVID-19 Impact Analysis

The manufacture and transportation of raw materials, components and completed commodities, including as aluminum wire rods, cables and conductors, were all impacted by the pandemic's disruption of global supply networks. Manufacturing was hampered as the supply of necessary materials was disrupted by lockdowns, limitations and logistical difficulties.

The prevailing economic uncertainty and lockdown measures have led to a decrease in industrial activity, construction projects and infrastructure development. Consequently, there has been a reduction in demand for electrical materials, particularly products based on aluminum. The pandemic's effects on numerous industries caused numerous projects to be postponed or shelved.

Workforce shortages, social distance regulations and health and safety regulations posed operating obstacles for manufacturing operations. The supply of aluminum wire rods, cables and conductors was impacted as a result, resulting in production slowdowns or temporary closures.

Russia-Ukraine War Impact Analysis

The availability and price of aluminum used in wire rods, cables and conductors could be impacted by a disruption in the raw material supply chain caused by the conflict, particularly if it directly impacts areas recognized for their production of aluminum or important supply routes. Any unrest or uncertainty in the conflict-affected areas could lead to fluctuations in commodity prices, especially aluminum. The volatility may have an impact on the price strategies and production costs in the market for aluminum wire and cable.

Trade relations between participating countries may be strained by geopolitical disputes, which may result in trade restrictions, tariffs or policy changes. Market dynamics may be impacted by these shifts in the global flow of aluminum and its derivatives.

By Product

• Aluminum Wire Rod
• Aluminum Cables
• Aluminum Conductors

By End-User

• Automotive
• Power Transmission and Distribution
• Construction
• Telecommunication
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In February 2023, the largest aluminum manufacturer in India, Vedanta Aluminum, unveiled a new product at the International Aluminum Conference (IAC) 2023 specifically designed for the electrical sector.
• In October 2023, at the Cable & Wire Fair 2023 in New Delhi, Vedanta Aluminum, the leading aluminum manufacturer in India, unveiled an innovative range of wire rods, including the T4, AL59 and 8xxx series.
• In January 2022, the global leader in the energy and telecom cable systems sector, Prysmian Group, which has over 50 years of expertise supplying aluminum raw materials to OEMs, has announced the rebranding of its Aluminum Rod & Strip Business.

Competitive Landscape

The major global players in the market include Nexans, Prysmian Group, Southwire Company, Norsk Hydro ASA, General Cable Corporation, Eland Cables, Alcan Cable, Jiangsu Zhongchao Holding Co., Ltd., AFC Cable Systems, Inc. and Vedanta Ltd. (Sterlite Copper).

Why Purchase the Report?

• To visualize the global aluminum wire rod, cables & conductors market segmentation based on product, end-user and region, as well as understands key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of aluminum wire rod, cables & conductors market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global aluminum wire rod, cables & conductors market report would provide approximately 61 tables, 62 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Product
• 3.2. Snippet by End-User
• 3.3. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Growing production in the Emerging Economies
    • 4.1.1.2. Growing Demand from Electrical Industry
  • 4.1.2. Restraints
    • 4.1.2.1. Availability of Alternatives
    • 4.1.2.2. Copper Price Volatility
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia-Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Product

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 7.1.2. Market Attractiveness Index, By Product
• 7.2. Aluminum Wire Rod*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Aluminum Cables
• 7.4. Aluminum Conductors

8. By End-User

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 8.1.2. Market Attractiveness Index, By End-User
• 8.2. Automotive*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Power Transmission and Distribution
• 8.4. Construction
• 8.5. Telecommunication
• 8.6. Others

9. By Region

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 9.1.2. Market Attractiveness Index, By Region
• 9.2. North America
  • 9.2.1. Introduction
  • 9.2.2. Key Region-Specific Dynamics
  • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.2.5.1. U.S.
    • 9.2.5.2. Canada
    • 9.2.5.3. Mexico
• 9.3. Europe
  • 9.3.1. Introduction
  • 9.3.2. Key Region-Specific Dynamics
  • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.3.5.1. Germany
    • 9.3.5.2. UK
    • 9.3.5.3. France
    • 9.3.5.4. Italy
    • 9.3.5.5. Russia
    • 9.3.5.6. Rest of Europe
• 9.4. South America
  • 9.4.1. Introduction
  • 9.4.2. Key Region-Specific Dynamics
  • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.5.1. Brazil
    • 9.4.5.2. Argentina
    • 9.4.5.3. Rest of South America
• 9.5. Asia-Pacific
  • 9.5.1. Introduction
  • 9.5.2. Key Region-Specific Dynamics
  • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.5.1. China
    • 9.5.5.2. India
    • 9.5.5.3. Japan
    • 9.5.5.4. Australia
    • 9.5.5.5. Rest of Asia-Pacific
• 9.6. Middle East and Africa
  • 9.6.1. Introduction
  • 9.6.2. Key Region-Specific Dynamics
  • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

• 10.1. Competitive Scenario
• 10.2. Market Positioning/Share Analysis
• 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

• 11.1. Nexans*
  • 11.1.1. Company Overview
  • 11.1.2. Product Portfolio and Description
  • 11.1.3. Financial Overview
  • 11.1.4. Key Developments
• 11.2. Prysmian Group
• 11.3. Southwire Company
• 11.4. Norsk Hydro ASA
• 11.5. General Cable Corporation
• 11.6. Eland Cables
• 11.7. Alcan Cable
• 11.8. Jiangsu Zhongchao Holding Co., Ltd.
• 11.9. AFC Cable Systems, Inc.
• 11.10. Vedanta Ltd. (Sterlite Copper)

LIST NOT EXHAUSTIVE

12. Appendix

• 12.1. About Us and Services
• 12.2. Contact Us