The global aluminum wire market is expected to grow at a rate of 3.3%, ranging from $53.06 billion in 2019 to $69.06 billion in 2027. Years to come. The industrial and commercial application of aluminum wire began in the mid-1960s, and since then, the product has increased cable adoption.
A full report of Aluminum Wire Market available at https://www.orionmarketreports.com/aluminum-wire-market/3881/
Various companies in this industry are expanding their business by concentrating on acquisitions of small and medium enterprises. Further, investments in research & development activities are expected to create opportunities in the market space. Many vendors are focused on the development of new aluminum alloys for the automotive sector. The key market participants include Kaiser Aluminum Corporation, Sumitomo Electric Industries, Ltd, Novametal SA, Sam Dong America, Norsk Hydro ASA, Axon’ Cable, Southwire Company, LLC, Vedanta Limited, Vimetco NV, RUSAL, DUCAB, and LWW Group.
Aluminum Wire Market: Segmentation
By Grade
• Electrical
• Alloy
• Mechanical
By Product
• Enameled
• Paper Insulated
• Fiber Glass Insulated
• Nomex Insulated
• Mica Insulated
• Cotton Insulated
By Application
• Automobile
• Circuit Breakers
• Switches & Meters
• Home Electrical Appliances
• Motors
• Rotating machine
• Transformers
• Shipping
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
