GLOBAL WIRE INDUSTRY

The global wires market is predicted to increase at a CAGR of 4.4 percent over the next five years. Some of the primary reasons driving the market are rising urbanisation and expanding infrastructure around the world. The aforementioned elements have had an impact on commercial, industrial, and residential power and energy demand. Increased expenditures in smart power transmission and distribution system upgrades, as well as the development of smart grids, are expected to propel the industry forward. Smart grid technology has been used to meet the growing need for grid interconnections, resulting in increased investments in new underground and submarine wires.

Wire Mesh Industry

The worldwide wire mesh market is expected to grow significantly as a result of increased productivity and applications all over the world. Wire mesh belts are commonly used in heat treating, foundry, and baking sectors, as well as other industries such as ceramics, automotive, snack food, and food processing. Wire mesh is comprised of stainless or low carbon steel wire and is widely used in transportation, food procurement, horticulture, agriculture, machine protection, gardening, and mines. The main benefit of installing these meshes is that it saves money, labour, and time.

Copper Stranded Wire Market

The market for copper stranded wire is expected to grow at a rate of 1% each year. Copper stranded wires are more flexible and fatigue resistant than solid copper wires of the same cross-sectional area. Copper stranded wire is made up of numerous small copper wires wrapped together to form a bigger conductor. The demand for copper stranded wire is projected to be dominated by the Asia-Pacific region. China is a major contributor, having been one of the world’s largest infrastructure investors in recent years.

Wire Nail Industry

We have a lot of Wire nails, whether it’s for furniture, building a house, hanging a god portrait, hanging a wall clock, or fabric hanging pegs. The nail is something I miss. Wire nails are widely and permanently used in rural communities to hoist colourful flags on special occasions such as weddings or customs. Wire nails are used indiscriminately to hang huge mirrors at barber shops in the markets. Wire nail is a popular product in the market, and it’s utilised all across the country, so there’s little risk of losing money due to premature deterioration. Making wire nails is a simple and straightforward process. Simultaneously, there is always a demand in society. The reason behind this is because India’s population continues to rise, and individuals continue to construct homes for themselves. In such a setting, a decrease in demand for Wire nails is improbable.

Copper Wire Industry

Copper wire is the finest conductor of electricity of all alternative materials. Copper wire makes connections simple and secure. They have a high melting point and are easy to bend. A copper wire can withstand heavy overloads or current surges without causing harm. Electricity conduction with nominal resistance and low voltage is a common attribute of several types of copper wire. Copper’s malleability is one of its most valuable characteristics. Thin copper sheets can be manufactured as a result of this property. It can be distorted without breaking or being stressed. Copper is known for its high thermal and electrical conductivity. Copper is resistant to oxidation and corrosion due to environmental changes. Copper has a strong capacity to generate alloys when combined with other metals. Copper has better corrosion resistance, heat transfer strength, and conductivity than aluminium, as well as being more ductile and having a stronger tensile resistance. The market for copper wire is driven by these factors.

Aluminium Wire Industry

Over the last few years, the worldwide aluminium wire market has been steadily growing. The market is primarily driven by rising demand from fast urbanisation throughout the world, increased government backing, and innovative production techniques that cut not only the cost of aluminium wire manufacture but also the processing time of wire rods significantly. Because the demand for aluminium wires in many sectors continues to be high, business prospects in the global aluminium market are projected to expand in the near future. Aluminum wire market demand may be driven by rising consumer desire for lightweight automobiles. Construction and electrical sectors may benefit from superior qualities such as light weight, high strength, and corrosion resistance, promoting industrial expansion. Because of its light weight, corrosion resistance, and ability to retain temperature even at low temperatures, aluminium wire is used in a variety of home electrical appliances, switches, circuit breakers, and motors. Because the products are lighter than other materials, they are utilised in electrical products. They also prevent corona, an electric discharge associated with high power transfer and its excessive heating, which does not separate the electrical fixtures and connections, increasing industrial demand.

Steel Wire Industry

The worldwide steel wire market is expected to grow at a CAGR of 6.0 percent over the next few years. The steel wire business is expanding due to increased demand for steel wires in a variety of applications around the world. In terms of volume, the construction sector is the largest application industry in the steel wire market. Steel wire is used in the construction of road, river, and railway bridges and flyovers, atomic reactor domes, slabs, silos, hangers, aqueducts, high-rise structures, viaducts, and railway sleepers. The steel wire market is likely to be driven by rising demand from these applications.

WIRES INDUSTRY IN INDIA

In India, the wires market accounts for about 40% of the electrical industry and is developing at a CAGR of 15% due to expansion in the power and infrastructure sectors. Recent policy and regulatory initiatives, as well as government schemes such as the Ujjwal Discom Assurance Yojana (UDAY), the Deendayal Upadhyay Gram Jyoti Yojana (DDUGJY), the Integrated Power Development Scheme (IPDS), and the Pradhan Mantri Sahaj Bijli Har Ghar Yojana Saubhagya, have aided the segment’s unprecedented growth. In addition, Indian Railways’ Railway Mission 41K has created opportunity for the Indian wires sector by electrifying a 38,000-kilometer line. The government plans to electrify all villages under the DDUGJY programme.

TOP PLAYERS WORLDWIDE

• Abracon
• Alan Wire Company
• Alfanar Group
• ArcelorMittal
• Bekaert SA
• Belden Inc.
• Cape Wire
• Ferrier Nord
• Fujikura Ltd.
• Furukawa Electric Co., Ltd.
• Hebei Five-Star Metal Products
• JFE Steel Corporation
• Kamal Wire Industries
• Karam Industries
• Kobe Steel Limited
• Leoni AG
• LS Cables & System Ltd.
• Nexans
• Nippon Steel
• NKT A/S
• Prysmian Group
• Ramdeo Wire
• Roofinglines
• Saint-Gobain
• Sumitomo Corporation
• Sumitomo Electric Industries, Ltd.
• Tata Steel Limited
• The Heico Companies