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  • Published In : May 2024
  • Code : CMI4942
  • Pages : 80
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

The U.S. copper clad steel wire market is estimated to be valued at USD 2,704.2 Mn in 2024, growing at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031. Copper clad steel wire is a conductive material made by bonding a layer of copper onto a steel wire core. It combines the electrical conductivity of copper with the mechanical strength of steel. This makes copper clad steel wire an ideal material for applications that require both conductivity and tensile strength. Some key areas where copper clad steel wire sees widespread use include electrical equipment, motors, transformers, wiring harnesses, and industrial machinery, among others. Factors, such as growth of the power industry, increasing electrification of processes across end-use sectors, and rapid urbanization have been driving the demand for copper clad steel wire in the U.S.

 Market Dynamics:

The U.S. copper clad steel wire market has been witnessing steady growth owing to factors such as increasing investments in utility-scale power projects, expansion of the electric vehicle industry, and rapid industrialization. However, volatility in prices of raw materials such as copper and steel pose a major challenge for market players. Moreover, increasing adoption of aluminum conductors for transmission lines can hamper the market growth. On the positive side, growing focus on renewal energy projects presents lucrative opportunities. Power grid modernization programs also augur well for increased demand. Additionally, continuous technological advancements to enhance conductivity and tensile strength offer new avenues.

 Key Features of the Study:

  • This report provides an in-depth analysis of the U.S. copper clad steel wire market and provides market size (USD Mn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2024 as the base year.
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, regional outlook, and competitive strategies adopted by key players in the U.S. copper clad steel wire market.
  • It profiles key players such as Copperhead Industries, LLC, American Wire Group, Inc., Nehring Electrical Works Company, Kris-Tech Wire, MWS Wire Industries Inc., AFL, LEONI Wire Inc., Fisk Alloy Inc., and Elecref Industries Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, up-gradation, market expansion, and marketing tactics.
  • The report caters to stakeholders such as investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders can make various strategy matrices using insights from the report to decide long-term goals and short-term goals for the U.S. copper clad steel wire market.

Market Segmentation

  • By Product Type:
    • Copperclad Dead Soft Annealed (DSA) Steel Wire
    • Copperclad Jacketed Steel Wire
    • Copperclad Composite Conductors (CCC)
    • Copperclad Wire-High Strength (HS)
    • Others
  • By End-Use Industry:
    • Telecommunication
    • Power Generation
    • Electrical and Electronics
    • Building and Construction
    • Automotive
    • Others (Aerospace, etc.)
  • Company Profiles:
    • Copperhead Industries, LLC
    • American Wire Group, Inc.
    • Nehring Electrical Works Company
    • Kris-Tech Wire
    • MWS Wire Industries Inc.
    • AFL
    • LEONI Wire Inc.
    • Fisk Alloy Inc.
    • Elecref Industries Inc.

Market Segmentation

  • By Product Type:
    • Copperclad Dead Soft Annealed (DSA) Steel Wire
    • Copperclad Jacketed Steel Wire
    • Copperclad Composite Conductors (CCC)
    • Copperclad Wire-High Strength (HS)
    • Others
  • By End-Use Industry:
    • Telecommunication
    • Power Generation
    • Electrical and Electronics
    • Building and Construction
    • Automotive
    • Others (Aerospace, etc.)

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