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Copper Wire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global copper wire market reached a volume of 18.6 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 25.5 Million Tons by 2027, exhibiting a CAGR of 5.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Copper wires are primarily used in electrical wiring. These wires offer high electric transmission with minimal resistance and require less insulation as compared to other metals. Copper wires are widely utilized in making copper cables, wherein multiple copper wires are assembled into a common jacket. Both copper wires and cables find diverse applications across numerous industries, such as building and construction, power generation, telecommunication, transportation, electronics, etc.1

 

 
 

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Copper Wire Market Trends:

The increasing demand for uninterrupted electricity supply has led to the development of power transmission and distribution infrastructures, thereby driving the demand for copper wires on a global level. Furthermore, the significant investments in the construction sector and a growing number of modern housing projects are also propelling the copper wire market. A considerable rise in the usage of copper wires in heating, ventilation, and air conditioning (HVAC) systems, electronic entertainment devices, lighting solutions, etc., across smart homes is further fueling the demand for copper wires. Additionally, the increasing environmental concerns towards high carbon emissions are leading to the upgradation of existing power transmission and distribution units, thereby augmenting the use of copper wires. In line with this, the rising number of power generation units, coupled with the escalating need for grid interconnections, are also catalyzing the product demand for overhead, underground, and submarine installations. Several government bodies are focusing on the establishment of grid connectivity in remote and rural areas across several developing nations, which is positively influencing the market for copper wires. Moreover, the rising adoption of copper wires in telecom power systems to assist in telecommunication services is acting as another significant growth-inducing factor. Besides this, the elevating levels of industrialization, along with the growing penetration of integrated machinery for advanced operational efficiency, are also bolstering the demand for copper wires. Additionally, the emergence of hybrid power solutions that offer high energy density, minimal carbon footprints, and enhanced reliability is further expected to drive the global copper wire market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global copper wire market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application.

Breakup by Application:

 

 
 

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  • Building and Construction
  • Telecommunication and Power
  • Transport
  • Industrial Equipment
  • Electronics
  • Others
     

Breakup by Region:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Tons, Million US$
Segment Coverage Application, Region
Region Covered North America, Europe, Asia Pacific, Middle East and Africa, Latin America
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Copper Wire Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Application
    5.5    Market Breakup by Region
    5.6    Market Forecast
6    Market Breakup by Application
    6.1    Building and Construction
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Telecommunication and Power
        6.2.1 Market Trends
        6.2.2 Market Forecast 
    6.3    Transport
        6.3.1 Market Trends
        6.3.2 Market Forecast 
    6.4    Industrial Equipment
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Electronics
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Region 
    7.1    North America
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Europe
        7.2.1 Market Trends
        7.2.2 Market Forecast 
    7.3    Asia Pacific
        7.3.1 Market Trends
        7.3.2 Market Forecast 
    7.4    Middle East and Africa
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5   Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Copper Wire Manufacturing Process
    8.1    Product Overview
    8.2    Detailed Process Flow
    8.3    Various Types of Unit Operations Involved
    8.4    Mass Balance and Raw Material Requirements
9    Project Details, Requirements and Costs Involved
    9.1    Land, Location and Site Development
        9.1.1    Overview of Land Location
        9.1.2    Project Planning and Phasing of Development
        9.1.3    Environmental Impacts
        9.1.4    Land Requirement and Expenditure
    9.2    Plant Machinery
        9.2.1    Machinery Requirements and Costs
        9.2.2    Machinery Suppliers
        9.2.3    Machinery Pictures
    9.3    Raw Materials
        9.3.1    Raw Material Requirements
        9.3.2    Raw Material Procurement
        9.3.3    Raw Material Expenditure
        9.3.4    Raw Material Suppliers
        9.3.5    Raw Material and Final Product Pictures
    9.4    Packaging Requirements and Expenditures
    9.5    Transportation Requirements and Expenditures
    9.6    Utilities Requirements and Expenditures
    9.7    Manpower Requirements and Expenditures
10    Loans and Financial Assistance
11    Project Economics

    11.1    Capital Cost of the Project
    11.2    Operating Expenses
    11.3    Expenditure Projections
    11.4    Income Projections
    11.5    Product Pricing and Margins 
    11.6    Taxation
    11.7    Depreciation
    11.8    Financial Analysis
        11.8.1    Liquidity Analysis
        11.8.2    Profitability Analysis
           11.8.2.1    Payback Period
           11.8.2.2    Net Present Value
           11.8.2.3    Internal Rate of Return
           11.8.2.4    Profit and Loss Account
        11.8.3    Uncertainty Analysis
        11.8.4    Sensitivity Analysis
12    Regulatory Procedures and Approval
13    Key Success and Risk Factors
14    SWOT Analysis

    14.1    Strengths
    14.2    Weaknesses
    14.3    Opportunities
    14.4    Threats 
15    Value Chain Analysis
16    Porters Five Forces Analysis

    16.1    Overview
    16.2    Bargaining Power of Buyers
    16.3    Bargaining Power of Suppliers
    16.4    Degree of Competition
    16.5    Threat of New Entrants
    16.6    Threat of Substitutes
17    Price Analysis
    17.1    Raw Material Price Trends
    17.2    Copper Wire Price Trends
    17.3    Product Margins
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players
    18.3    Profile of Key Players

List of Figures

Figure 1: Global: Copper Wire Market: Major Drivers and Challenges
Figure 2: Global: Copper Wire Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Copper Wire Market: Sales Volume (in Million Tons), 2016-2021 
Figure 4: Global: Copper Wire Market: Breakup by Application (in %), 2021
Figure 5: Global: Copper Wire Market: Breakup by Region (in %), 2021
Figure 6: Global: Copper Wire Market Forecast: Sales Value (in Million US$), 2022- 2027
Figure 7: Global: Copper Wire Market Forecast: Sales Volume (in Million Tons), 2022- 2027
Figure 8: Global: Copper Wire (Building and Construction) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 9: Global: Copper Wire (Building and Construction) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 10: Global: Copper Wire (Telecommunication and Power) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 11: Global: Copper Wire (Telecommunication and Power) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 12: Global: Copper Wire (Transport) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 13: Global: Copper Wire (Transport) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 14: Global: Copper Wire (Industrial Equipment) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 15: Global: Copper Wire (Industrial Equipment) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 16: Global: Copper Wire (Electronics) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 17: Global: Copper Wire (Electronics) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 18: Global: Copper Wire (Other Applications) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 19: Global: Copper Wire (Other Applications) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 20: North America: Copper Wire Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 21: North America: Copper Wire Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 22: Europe: Copper Wire Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 23: Europe: Copper Wire Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 24: Asia Pacific: Copper Wire Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 25: Asia Pacific: Copper Wire Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 26: Middle East and Africa: Copper Wire Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 27: Middle East and Africa: Copper Wire Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 28: Latin America: Copper Wire Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 29: Latin America: Copper Wire Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 30: Copper Wire Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 31: Global: Copper Market: Average Price Trends (in US$/Ton), 2016-2021
Figure 32: Global: PVC Resin Market: Average Price Trends (in US$/Ton), 2016-2021
Figure 33: Global: Copper Wire: Average Price Trends (in US$/Ton), 2016-2021
Figure 34: Global: Copper Wire Industry: SWOT Analysis
Figure 35: Global: Copper Wire Industry: Value Chain Analysis
Figure 36: Global: Copper Wire Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Copper Wire Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Copper Wire Market: Breakup by Application (in Million Tons), 2016 & 2021
Table 3: Global: Copper Wire Market Forecast: Breakup by Application (in Million Tons), 2022-2027
Table 4: Global: Copper Wire Market: Breakup by Region (in Million Tons), 2016 & 2021
Table 5: Global: Copper Wire Market Forecast: Breakup by Region (in Million Tons), 2022-2027
Table 6: Copper Wire Manufacturing Plant: Raw Material Requirements and Expenditures
Table 7: Copper Wire Manufacturing Plant: Construction Requirements and Expenditures
Table 8: Copper Wire Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Copper Wire Manufacturing Plant: Machinery Costs (in US$)
Table 10: Copper Wire Manufacturing Plant: Machinery Supplier
Table 11: Copper Wire Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 12: Copper Wire Manufacturing Plant: Raw Material Procurement (Tons/per year)
Table 13: Copper Wire Manufacturing Plant: Raw Material Expenditure (in US$/Ton) 
Table 14: Copper Wire Manufacturing Plant: Costs Related to Utilities
Table 15: Copper Wire Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 16: Copper Wire Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: Details of Financial Assistance Offered by Financial Institutions
Table 18: Copper Wire Manufacturing Plant: Capital Costs (in US$)
Table 19: Copper Wire Manufacturing Plant: Techno-Economic Parameters
Table 20: Copper Wire Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Copper Wire Manufacturing Plant: Income Projections (in US$)
Table 22: Copper Wire Manufacturing Plant: Taxation (in %)
Table 23: Copper Wire Manufacturing Plant: Depreciation (in %)
Table 24: Copper Wire Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (In US$)
Table 25: Copper Wire Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 26: Copper Wire Manufacturing Plant: Profit and Loss Account (in US$)
Table 27: Global: Copper Wire Market: Key Price Indicators
Table 28: Global: Copper Wire Market: Market Structure
Table 29: Global: Copper Wire Market: Key Players

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Key Questions Answered in This Report

The global copper wire market reached a volume of 18.6 Million Tons in 2021.

We expect the global copper wire market to exhibit a CAGR of 5.70% during 2022-2027.

The rising environmental concerns have led to the growing application of copper wires in the upgradation of existing power transmission and distribution units, which is primarily driving the global copper wire market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for copper wires.

Based on the application, the global copper wire market can be segmented into building and construction, telecommunication and power, transport, industrial equipment, electronics, and others. Currently, the building and construction industry holds the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

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