Copper is definitely stretched, molded, and shaped; is resistant to corrosion; and conducts heat and electricity efficiently. As a result, copper was important to early humans and continues to be a cloth of choice for a spread of domestic, industrial, and high-technology applications today. Presently, copper is used in building construction, power generation and transmission, electronic product manufacturing, and therefore the production of commercial machinery and transportation vehicles. Copper wiring and plumbing are integral to the appliances, heating and cooling systems, and telecommunications links used a day in homes and businesses. Copper is an important component within the motors, wiring, radiators, connectors, brakes, and bearings utilized in cars and trucks.
Copper wire is used in power generation, power transmission, power distribution, telecommunications, electronics circuitry, and countless sorts of electrical equipment. Copper and its alloys also are wont to make electrical contacts. Electrical wiring in buildings is that the most vital marketplace for the copper industry. Copper wires have better thermal and electrical properties than other wires. Copper is about 25 per cent more conductive than others, accounting for better cooling and increased power rating and a main factor to the event of high performance, high power and fine-pitch devices using smaller-diameter copper wire to accommodate smaller pad sizes. Higher electrical conductivity results in less-heat generation and a better speed.
The growing demand for power, light and communication has kept a high demand for cables and wires, which constitute roughly 40% of India’s electrical industry. Wires and cables play a significant role in every aspect of infrastructural growth and finds extensive usage and applications across variety of industries. Wire and cables demand is directly dependent on the expansion of the manufacturing industry and infrastructure within the power, telecommunications, residential and commercial sectors.
Thus the government’s initiatives on various fronts like – power, housing, infrastructure and digitization are sure to generate a lot of business for the wire and cable industry in foreseeable future. The global winding wire market size was valued at USD 25.6 billion in 2018 and is expected to witness a revenue-based CAGR of 3.7% from 2019 to 2025. Rising demand for the product from the energy sector is the significant factor driving the market for winding wire. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
Bharat Insulation Co. (India) Pvt. Ltd.
Chandra Metals Pvt. Ltd.
Grid India Power Cables Pvt. Ltd.
Millennium Wires Pvt. Ltd.
Rajasthan Electronics Ltd.
Sagar Industries Ltd.
Sumo Metallic Pvt. Ltd.
