In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Electrical Wires market for 2018-2023.
Wires are able to carry electrical energyï¼Œwhich are divided into bare wire, magnet wire and insulated wire. Bare wires have no insulating layers, including copper, aluminum flat wires, aerial strands, and various sections (such as profile lines, bus bars, copper bars, aluminum bars, etc.). It is mainly used for outdoor overhead and indoor busbars and switch boxes. Electromagnetic wire is an insulated wire that generates a magnetic field after being energized or induces a current in a magnetic field. It is mainly used for motor and transformer windings and other related electromagnetic equipment. The conductor is mainly a copper wire, and should have a thin insulating layer and good electrical and mechanical properties, as well as heat, moisture, solvent resistance and other properties. Different insulation materials can be used to obtain different characteristics.
First of all, the increasing demand for power, light andÂ communication has kept demand high for wireÂ and cable. Second, building wires will remain the biggest market and will followed by fiber optic wire and power.Â Talking about the power sector, copper holds high significance in terms of usage and consumption in this sector. The world average per capita copper consumption is around 2.7 kg. Electrical sector is the largest user of copper in India. Since copper and its alloy components play a vital role in electricity generation, distribution and utilisation, 12-15% per annum demand growth in this sector is possible, if good quality is assured. In the following yearï¼ŒAsia Pacific marketÂ is expected to grow through the forecast period.
Over the next five years, LPI(LP Information) projects that Electrical Wires will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Wires market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Sumitomo Electric Industries
Furukawa Electric industries
General Cable Corporation
Cords Cable Industries Limited
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Electrical Wires consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Electrical Wires market by identifying its various subsegments.
Focuses on the key global Electrical Wires manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electrical Wires with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electrical Wires submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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