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2019-2025 global steel core aluminum stranded wire market compound annual growth of 1.1%

March 12, 2020

Latest company news about 2019-2025 global steel core aluminum stranded wire market compound annual growth of 1.1%

[Cable Network News] According to a report released by Garner Insights, an international market research organization, the global compound annual growth rate of steel core aluminum stranded wire in 2019-2025 is about 1.1%.

Steel core aluminum stranded wire (ACSR) is a high-capacity, high-strength stranded wire, usually used for overhead power lines. It is a concentric stranded conductor with one or more hard-drawn 1350-H19 aluminum wires on a galvanized steel core. The core can be single or twisted, depending on the size.

According to the report, increasing demand for offshore wind farms, HVDC systems, and grid interconnections are the main driving forces for the ACSR market. However, on the other hand, due to land acquisition, fluctuations in raw material prices, and environmental impacts, the development of overhead cable demand has been limited, which has led to the growth of the steel core aluminum strand market.

From the perspective of market regions, the Asia-Pacific region will continue to dominate the global steel core aluminum stranded wire market during the forecast period. The urbanization and industrialization of the region are accelerating, increasing investment in power infrastructure and growing renewable energy are promoting the growth of this market. Among them, China will take the lead in the region.

Among other major regional markets, the United States, Germany, the United Kingdom, Brazil and Egypt will also become the main markets in their respective regions. The aging power infrastructure is upgraded, renewable energy sources are continuously increasing, and grid interconnection is the main factor that promotes the increase in demand for steel core aluminum stranded wire in European and American countries and regions. In emerging markets, the improvement of power infrastructure, the absorption of more renewable energy sources and the increased demand for long-distance power transmission will promote the development of their markets.

From the perspective of industry structure, the steel core aluminum stranded wire industry is highly fragmented. A variety of producers, from large multinational corporations to small private companies, compete in this industry, with the top 11 producers globally accounting for approximately 23% of the revenue market.

From a product perspective, governments, manufacturers and service providers, as well as cable and accessory manufacturers are also constantly trying to integrate their existing technologies and extensively develop new technologies to increase the capacity of high-voltage transmission and reduce the impact of high-voltage transmission on residential areas. Considering the current demand for steel-cored aluminum stranded wires, the market is promising. As for product prices, as competition intensifies, the slow downward trend in recent years will continue in the coming years. Similarly, gross margins will fluctuate.

(This article is first published on www.cableabc.com, please indicate the source.)

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