Winding Wire Market, Expansion of Power Generation And T&D Network to Boost Market Growth – Technavio – QNT Press Release


NEW YORK, Aug. 2, 2022 /PRNewswire/ — The “Winding Wire Market ” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the winding wire market between 2021 and 2026 is USD 12.08 billion. This report extensively covers winding wire market segmentation by product (copper and aluminum) and geography (APAC, Europe, North America, South Americaand the Middle East and Africa). To get the exact yearly growth variance and the YOY growth rate, Talk to our analyst.

Key Market Dynamics:
  • Market Driver
  • Market Challenges

The expansion of power generating, and T&D networks is one of the major factors influencing the growth of the worldwide winding wire sector. In nations like China and Indiathe production of power is rising quickly. Large quantities of winding wires are needed for the electric generators found in hydroelectric, thermal, and wind power plants.

By 2026, it is anticipated that the US and Germany would have invested about USD 135 billion in the creation of the smart grid. These elements will fuel market expansion throughout the upcoming years. However, factors such as high fragmentation of the market limit consistent increases in asp and will challenge market growth. Read Sample Report right now!

APAC will be the leading region with 78% of the market’s growth during the forecast period. The copper segment’s winding wire market share will expand significantly. Since copper has significantly better mechanical and electrical qualities than aluminum, it is widely utilized to make winding wire. Additionally, the copper winding is more resistant to corrosion than aluminum winding and requires less frequent inspection and upkeep. The segment growth will be fueled by the high current carrying capability of copper wires of a particular diameter compared to similar aluminum wires. Download Sample Report.

Some Companies Mentioned with their Offerings

The report analyzes the winding wire market’s competitive landscape and offers information on several market vendors, including:

    • Bharat Insulation Co. Pvt. Ltd.
    • EL Sewedy Electric Co.
    • Elcowire Group AB
    • Fujikura Co. Ltd.
    • Furukawa Electric Co. Ltd.
    • GK Winding Wires Ltd.
    • Hitachi Ltd.
    • International Wire
    • KEI Industries Ltd.
    • Khaitan Winding Wire Pvt. Ltd.
    • LS Cable and System Ltd.
    • Prysmian Spa
    • REA MAGNET WIRE Co.
    • Sam Dong America
    • Shanghai Metal Corp.
    • Sumitomo Electric Industries Ltd.
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Electric Wire and Cable Market in North America by End-user, Product, and Geography – Forecast and Analysis 2022-2026: The electric wire and cable market share in North America is expected to increase to USD 1.61 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 1.58%.

Winding Wire Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.04%

Market growth 2022-2026

$12.08 billion

Market structure

Fragmented

YoY growth (%)

4.79

Regional analysis

APAC, Europe, North America, South America, Middle East, and Africa

Performing market contribution

APAC at 78%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bharat…

Full story available on Benzinga.com



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