The global Single Core Copper Wire Market was valued at US$ 10,350.7 Mn, according to the Global Single Core Copper Wire Market Report, by Type (Solid Type and Stranded Type), by Voltage (Low, Medium, and High), by Application (Building and Construction, Telecommunication and Power, Transport, Industrial Equipment, Electronics, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) – published by Coherent Market Insights.
The global single core copper wire market is expected to surpass US$14,593.4 Mn and exhibit a CAGR of 4.4% during the forecast period 2023-2030. Copper wires are mainly used in electrical wiring. Single core means that there is a single piece of metal wire, typically copper or aluminum, with insulation around it. The wire can be different gauges, as the size of the wire increases, the flexibility will generally decrease. Single core cables are best suitable for domestic and home applications.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 33 market data tables* and 24 figures* on "Global Single Core Copper Wire Market” – Forecast to (2023-2030).
Key Trends and Analysis of the Global Single Core Copper Wire Market:
Key Takeaways of the Market:
Major players operating in the global single core copper wire market include TOKEN, Gulf Cable and Electrical Industries, Giza Power industry factory, Nexans, Ekta Udyog, HANGZHOU ZION COMMUNICATION CO., LTD, Hangzhou Anxin Wire & Cable Co., Ltd., Qinhuangdao Qinniu Cable Industry Co, Ltd., Tianjin Jinshan Wire and Cable, Hongxin Biotechnology Co., Ltd., Shenzhen Xinghehong Hardware Electromechanical Co., Ltd., Xi'an Jinyan Wire and Cable, and Zhengzhou Net Electric All-plastic Cable Co., Ltd.
Global Single Core Copper Wire Market - Impact of Coronavirus (COVID-19) Pandemic
Since March 2020, almost every industry in the world has suffered due to the COVID-19 pandemic. The demand for consumer goods in 2020 reduced significantly, which in turn, hampered growth of the single copper core wire market. Furthermore, supply chain disruptions also reduced the growth of the single copper core wire market. Moreover, import and export activities reduced drastically due to stringent regulation policies.
China is the global manufacturing hub of copper wire, with the presence of and the largest raw material suppliers. The overall market breaks down due to COVID-19 is also affecting the growth of the single core copper wire market due to shutting down of factories and downturn in world economy.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.View All Our Clients