Global Aluminum Conductors Market 2017-2021
About Aluminum Conductors
Aluminum conductors are produced through electrolytic refining of aluminum. Generally, these conductors contain about 99.5% of aluminum and are made up of one or more strands of aluminum wire depending on the end-use application requirement. These conductors are primarily used in the T&D sector for various applications such as overhead line applications. Aluminum conductors are known for their tensile strength, corrosion resistance, and shock proof properties. These conductors are widely used in urban areas for short space applications.
Technavio’s analysts forecast the global aluminum conductors market to grow at a CAGR of 2.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum conductors market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of aluminum for various types of aluminum conductors including aluminum conductor steel reinforced (ACSR), all aluminum alloy conductor (AAAC), all aluminum conductor (AAC), and others to calculate the market size by considering 2016 as the base year.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aluminum Conductors Market 2017-2021
Technavio recognizes the following companies as the key players in the global aluminum conductors market: General Cable, Nexans, Prysmian, Southwire, and Sterlite Technologies
Other Prominent Vendors in the market are: Apar Industries, Far East Cable, Henan Huatai Special Cable, and Henan Tong-Da Cable
Commenting on the report, an analyst from Technavio’s team said: “Currently, the aluminum conductor and cable manufacturers are operating at 60%-70% capacity utilization levels due to fluctuating demand. The demand fluctuates because the execution phase of T&D lines, where these conductors are used, is generally long, and the procurement of aluminum wire rods for use in conductors is directly linked to the order cycle of conductors, which, in turn, is dependent on government investments. The demand is expected to be stable during the forecast period with government spending remaining uninterrupted. Stable demand will lead to improvement in average capacity utilization levels of conductor manufacturers.”
According to the report, in 2014, China and the US each accounted for about 20% of the global power generation capacity. China's capacity is expected to grow by 3% YoY until 2035. Most of the significant power generation capacity expansion activities across the world are happening in the renewable energy sector. More countries are gradually moving toward the use of renewable sources of energy such as wind and solar to meet their carbon emission goals and to reduce dependency on fossil fuels. Many end-users have embraced alternative forms of energy instead of depending on power generators that operate on fossil fuels. Solar power, wind power, and other forms of renewable energy are becoming increasingly popular.
Further, the report states that cable and conductor manufacturers are required to comply with various safety rules and regulations for the installation of power cable systems. These regulations are implemented and enforced by regulatory bodies such as ANSI, IEC, and IEEE. The regulations vary depending on the circuit voltage, temperature rating, and environmental conditions.
General Cable, Nexans, Prysmian, Southwire, Sterlite Technologies, Apar Industries, Far East Cable, Henan Huatai Special Cable, Henan Tong-Da Cable.