Global Copper Wire Market to Reach 33.0 Million Tons by 2032, Propelled by Expanding Power Transmission and Distribution Infrastructures

April 28, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Copper Wire Market Report by Application (Building and Construction, Telecommunication and Power, Transport, Industrial Equipment, Electronics, and Others), and Region 2024-2032," the global copper wire market reached a volume of 20.5 Million Tons in 2023. Copper wires are cylindrical-shaped cables used as electrical conductors for making connections and transmitting electricity. Beryllium copper, copper alloy, nickel-plated copper, oxygen-free highly conductive (OFHC) copper, and titanium-clad copper are some common product variants. They are manufactured in multiple steps, including processing copper metal and drawing the wire using dyes, followed by annealing, bunching, tinning, twisting, and braiding processes. Copper wires are widely used in automobiles, printed circuit boards (PCBs), consumer electronics, jewelry, electricity network, telecommunication lines, and deep-water fishing. They are flexible, malleable, ductile, and durable and exhibit excellent thermal and electrical conductivity, high tensile strength, and resistance to corrosion, moisture, humidity, and industrial pollution.  


Global Copper Wire Market Trends:

The rising product utilization in power transmission and distribution infrastructures is one of the key factors driving the market growth. Copper wires are widely used in residential and commercial building wirings and distribution networks, as they are highly conductive, require less insulation, and provide minimum resistance, which, in turn, reduces voltage drops and energy dissipation in the form of heat. In addition to this, the widespread product utilization to operate lighting solutions, electronic gadgets, and heating, ventilation, and air conditioning (HVAC) systems due to the increasing construction of housing projects and residential buildings are acting as another growth-inducing factor. Furthermore, the increasing product adoption in the automotive industry for battery cables, charging stations, electrical components, shielding products, airbags, and busbars, due to their high melting point, enhanced safety, and flexibility, is providing an impetus to the market growth. Additionally, the extensive utilization of copper wires to offer higher data throughputs and greater connectivity in the Internet of Things (IoT) and artificial intelligence (AI)-based consumer electronics, autonomous vehicles, and industrial automation is positively influencing the market growth. Moreover, rising product demand in the aerospace industry for airframe wiring, cabin management systems, and in-flight entertainment is favoring the market growth. Other factors, including rapid industrialization, increasing power generation units, and the widespread product utilization in the telecommunication industry for high digital subscriber lines (HDSL) and asymmetrical digital subscriber lines (ADSL), are anticipated to drive the market growth. On account of the aforementioned factors, the market is expected to reach 33.0 Million Tons by 2032, exhibiting a CAGR of 5.26% during 2024-2032.


Market Summary:

  • On the basis of the application, the market has been divided into building and construction, telecommunication and power, transport, industrial equipment, electronics, and others.
  • On a regional basis, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the industry has also been examined along with the profiles of some key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, US$ Million
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)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Copper Wire Market to Reach 33.0 Million Tons by 2032, Propelled by Expanding Power Transmission and Distribution Infrastructures
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More