According to a market report by Lucintel, the future of the global copper cable market looks promising with opportunities in the building wire, communication, power distribution, and automotive markets. The global copper cable market is expected to reach an estimated $189 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are increasing demand for electricity, growing investment in the infrastructural development, and rising adoption of renewable energy sources.
A more than 150–page report is developed to understand Trends,
opportunity and forecast in copper cable market to 2030 by type (wire and
cable), application (building wire, communication, power distribution, and
automotive), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
In this market, wire and cable are the major segments of copper cable
market by type. Lucintel forecasts that wire will remain the larger segment
over the forecast period due to increasing adoption of copper wire for all the
electrical equipments.
Within this market, power distribution will remain the largest segment
due to rising demand for electricity.
Download sample by clicking on copper
cable market.
North America will remain the largest region over the forecast period due
to rise in expansion of the building industry.
Aviva Metals, Belden, Commscope Holding, Elcowire, Hitachi Metals,
Nexans, and Ningbo Jintian Copper are the major suppliers in the copper cable
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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