Bare Copper Conductor are anticipated to grow at a value CAGR of ~x% over 2019-2028. According to a study published by Insure Insights on the Bare Copper Conductor market is anticipated to grow in the coming years. This owes to the growth in the investments carried out by the government over the infrastructure, which would help the industry to flourish in the coming years. Furthermore, the rise in the regulations for grounding conductors the market is anticipated to grow further in the forecast period. The increase in the need for safer buildings would help the industry propel in the near future.
Top Driver: Robust Demand for Safer Buildings and Infrastructures To Propel The industry
Bare Copper Conductor has rich demand in the construction industry and is anticipated to show the lucrative growth in the forecast period. The rise in the need for the safer means in order to place the neutral circuit, to avoid the resultant accidents would help the industry propel in the coming years. Furthermore, the growth of the number of accidents due to the lower quality of the grounding conductors used has raised the awareness and is anticipated to grow significantly in the near future.
Automotive to Make Crucial Contribution to Growth of Global Bare Copper Conductor Market
Among application segments of the global Bare Copper Conductor market, automotive segment is predicted to show significant growth in future. The growth in the demand for the vehicles for the convenient transportation is anticipated to fuel the industry. Furthermore the growth in the manufacturing industries, requiring heavy vehicles for the transportation of goods is also expected to help the industry grow in the next few years. Additionally, aerospace segment is anticipated to gain second largest shares and would grow further in the coming years, owing to the growth demand of the segment.
Rising Investments to Benefit Asia Pacific Market
Asia Pacific region is anticipated to gain highest revenue shares, due to the growth in the investments by the government over the infrastructure in the forecast period. Furthermore, the increase in the disposable income coupled with the rise in the population would help the industry grow at a higher pace in the next few years. The North American region is expected to grow at the highest CAGR, owing to the rise in the government investments over the construction industry and development of the infrastructure.
Due to the Covid- 19 pandemic, there is a downfall in the majority of the industries and as hence affected the industries negatively. However, the growth in the government investments over the smart cities would help the industry boost in the coming years.
Players to Focus on Bare Copper Conductor
The global Bare Copper Conductor market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Vimlesh Industries, Republic Wire, Eastern Copper, IWG Copper, Ganpati Wires, Perfect Wire Industries, Chandra Group, Slimlites Electricals Pvt. Ltd, Eland Cables, Jalan Wires, Southwire, and MWS Wire.
KME: In December 2018, the European Commission had approved, under the EU Merger Regulation, the proposed acquisition of MKM by KME, both suppliers of copper products. The Commission concluded that the acquisition raises no competition concerns in the European Economic Area or any substantial part of it.
Atlas Holdings LLC: In April 2019, Atlas Holdings LLC announced that it had acquired International Wire Group Holdings, Inc. Headquartered in Camden, New York, IWG is a leading designer and manufacturer of highly-engineered copper-based wire products. The company’s over 1,600 associates operate 17 manufacturing facilities and one distribution location across North America and Europe. IWG serves a wide range of customers, primarily in end markets such as industrial, energy, electronics and data communications, automotive and specialty vehicles, aerospace and defense, medical products and appliances.
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