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市場調查報告書
商品編碼
1401304
全球鋁線材、電纜和導體市場 - 2023-2030Global Aluminum Wire Rod, Cables & Conductors Market - 2023-2030 |
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概述
2022年,全球鋁線材、電纜和導體市場規模達286億美元,預計2030年將達到416億美元,2023-2030年預測期間CAGR為4.8%。
近年來,投資鋁線材製造在組織和投資者中變得越來越普遍。由於電子、能源、交通和建築等多個行業的成長,全球對鋁線材的需求激增。線材用作生產各種鋁製品(例如電纜、電導體和建築電線)的中間產品。由於對這些產品不斷成長的需求,預計對鋁線材的需求將會增加。
印度由於在電纜和導體生產中採用創新方法以及在研發方面的投資,生產出符合國際標準的高品質鋁電氣產品。
例如,2023年10月,在新德里舉行的2023年電纜電線展上,印度領先的鋁製造商韋丹塔鋁業公司推出了一系列創新線材,包括T4、AL59和8xxx系列。這些尖端產品採用先進的連續鑄造技術製成,預計將提高國際電力和變速箱行業的標準。它的用途廣泛應用於電子、建築、汽車和基礎設施等行業。因此,印度市場在區域市場中佔有重要的市場佔有率。
動力學
關注汽車製造的理論架構與展望
由於對輕型車輛的需求不斷成長,以及自然資源枯竭導致銅金屬成本飛漲,鼓勵使用鋁金屬作為汽車電纜的替代導體。本論文工作的目的是為未來研究和推進新型車輛電纜(即鋁電纜)的引入建立理論架構。對斯堪尼亞產品中汽車鋁電纜的使用的進一步調查可以建立在當前汽車行業對這些電纜的部署以及與汽車鋁電纜相關的故障分析和評估方法的基礎上。
將鋁作為替代導體的關注符合汽車行業生產輕型車輛的趨勢。在電纜和導體的製造中,隨著汽車追求更高的燃油效率和更低的排放,對鋁等更輕材料的需求不斷增加。
例如,根據CRU集團的資料,前十大鋁棒生產商佔全球線材產量的36%。印度政府和總部位於印度的公司(如 Aditya Birla Group、Nalco 和 Vedanta)在鋁線材生產商名單中佔據主導地位,在前 10 名中佔據 54% 的產量佔有率。在前十名名單中,俄羅斯鋁業公司是第二大生產商。
電氣行業不斷成長的需求
為了傳輸和分配電力,電力部門需要高效率的導體和電纜。由於其優異的導電性和輕質特性,鋁是此類應用的首選材料,滿足了對可靠電力網路日益成長的需求。
有效的電線和電纜對於工業機械、商業建築和電信基礎設施的運作至關重要,所有這些都屬於電氣行業。鋁導體和電纜滿足這些規格,滿足了其不斷成長的需求。
例如,2023年2月,印度最大的鋁製造商韋丹塔鋁業公司在2023年國際鋁業會議(IAC)上推出了一款專為電氣行業設計的新產品。 12 毫米鋁線材的產能為 560 公斤,並採用最新的 Properzi 連續鑄造技術生產。它由 100% 原鋁組成,具有無與倫比的金屬純度。它還可以實現客製化纏繞模式、根據客戶要求靈活潤滑以及卓越的表面品質。
替代方案的可用性
儘管使用鋁作為材料具有優勢並且對鋁線材的需求不斷成長,但企業家和投資者需要意識到市場上的挑戰和機會。該業務面臨的問題之一是來自鋼和銅等替代材料的日益激烈的競爭。由於其強度和導電性,這些材料也可用於製造建築電纜和電導體。
由於其重量較輕且具有足夠的導電性,鋁可取代銅用作線材、電纜和導體。隨著供應變得更加有限或銅價上漲,業界越來越認為鋁是一種更實惠的替代品。成本效益與豐富性:鋁比銅更經濟、更豐富。鋁作為線材和導體的原料,使其成為尋求經濟高效解決方案的行業的一個有吸引力的選擇,特別是在大規模應用中。
銅價波動
銅價波動直接影響鋁作為線材、電纜和導體替代材料的吸引力。當銅價較低或穩定時,轉向鋁的需求或動機就會減少,這會影響鋁基產品的市場成長潛力。銅的價格波動會影響鋁作為替代品的競爭能力。如果銅價下跌或長期穩定,鋁的價格優勢可能會減弱,從而影響其市場滲透並限制其擴張。
產業和製造商在根據其線材和導體需求選擇銅和鋁之前,會權衡許多標準,例如材料成本。銅價的長期波動可能會導致決策過程的不確定性和延遲,導致企業推遲或重新評估向替代資源的過渡。
Overview
Global Aluminum Wire Rod, Cables & Conductors Market reached US$ 28.6 billion in 2022 and is expected to reach US$ 41.6 billion by 2030, growing with a CAGR of 4.8% during the forecast period 2023-2030.
Investing in the manufacturing of aluminum wire rod has become more and more common among organizations and investors in recent years. The need for aluminum wire rod has surged globally due to the growth of multiple industries such as electronics, energy, transportation and construction. The wire rod is used as an intermediary product in the production of various aluminum items, such as cables, electrical conductors and construction wires. The demand for aluminum wire rod is expected to increase in response to this growing need for these products.
India manufactures high-quality electrical products based on aluminum that meet international standards due to its efforts to adopt innovative methods in the production of cables and conductors as well as its investments in research and development.
For instance, in October 2023, at the Cable & Wire Fair 2023 in New Delhi, Vedanta Aluminum, the leading aluminum manufacturer in India, unveiled an innovative range of wire rods, including the T4, AL59 and 8xxx series. The cutting-edge items, made using sophisticated continuous casting techniques, are poised to increase the standard in the international power and gearbox industry. Its uses are widespread in industries like electronics, building, automotive and infrastructure. Therefore, the Indian market place accounts for the significant market shares in the regional market.
Dynamics
Focus on Theoretical Framework and Prospects in Vehicle Manufacturing
The use of aluminum metal as an alternative conductor for automobile cables has been encouraged by the growing demand for lightweight vehicles and the skyrocketing cost of copper metal due to the depletion of natural resources. The purpose of this thesis work is to establish the theoretical framework for future investigation and advancement concerning the introduction of new vehicle cables, namely aluminum cables. Further investigation into the use of automotive aluminum cables in Scania products can build upon the current automotive sector deployment of these cables, as well as failure analysis and evaluation methodologies pertaining to automotive aluminum cables.
The focus on aluminum as a substitute conductor is in line with the trend in the automotive industry towards the production of lighter vehicles. In the fabrication of cables and conductors, there is an increasing need for lighter materials like as aluminum as cars strive for greater fuel efficiency and lower emissions.
For instance, as per CRU Group data, The top ten producers of aluminum rod account for 36% of the world's wire rod production. With a 54% production share of the top 10, the Indian government and firms with headquarters in India, such as Aditya Birla Group, Nalco and Vedanta, dominate the list of aluminum wire rod producers. In the top ten list, Russia's Rusal is the second-largest producer.
Growing Demand from Electrical Industry
For the transmission and distribution of power, the electrical sector needs conductors and cables that are efficient. Because of its excellent conductivity and lightweight nature, aluminum is a highly preferred material for these kinds of applications, fulfilling the growing need for dependable power networks.
Effective electrical wiring and cables are essential to the operation of industrial machinery, commercial buildings and telecommunications infrastructure, all of which are included in the electrical industry. The specifications are met by aluminum conductors and cables, which supports their increasing demand.
For instance, in February 2023, the largest aluminum manufacturer in India, Vedanta Aluminum, unveiled a new product at the International Aluminum Conference (IAC) 2023 specifically designed for the electrical sector. With a 560 Kilo Tons production capacity, the 12 mm Aluminum Wire Rod is produced utilizing the most recent Properzi Continuous Casting technology. It is composed of 100% primary aluminum for unmatched metal purity. It also enables customized winding patterns, flexibility in lubrication based on customer requirements and superior surface quality.
Availability of Alternatives
Entrepreneurs as well as investors need to be aware of the challenges and opportunities in the market despite the advantages of using aluminum as a material and the growing demand for aluminum wire rod. One of the issues facing the business is the growing competition from alternative materials like steel and copper. Due to their strength and electrical conductivity, these materials can also be utilized to make building cables and electrical conductors.
Due to its lighter and has sufficient conductivity, aluminum can be used as wire rod, cables and conductors in place of copper. Industry perceptions of aluminum as a more affordable alternative are growing as supply becomes more limited or as copper prices rise. Cost-Effectiveness and Abundance: Aluminum is more economical and abundant than copper. The availability of aluminum as a raw material for wire rods and conductors makes it an appealing option for industries looking for cost-effective solutions, particularly in large-scale applications.
Copper Price Volatility
Copper price fluctuations have a direct impact on aluminum's appeal as a substitute material for wire rods, cables and conductors. The need or motivation to convert to aluminum decreases when copper prices are low or stable, which has an impact on the market's potential for growth for products based on aluminum. The price volatility of copper has an impact on aluminum's ability to compete as a substitute. The price advantage of aluminum could be reduced if copper prices drop or stay steady for a long time, which would affect its market penetration and limit its expansion.
Industries and manufacturers weigh a number of criteria, such as the cost of materials, before selecting between copper and aluminum for their wire rod and conductor needs. Prolonged volatility in copper prices can induce uncertainty and delay in the decision-making process, leading enterprises to defer or reevaluate their transition to substitute resources.
The global aluminum wire rod, cables & conductors market is segmented based on product, end-user and region.
The Growing Demand for Power Transmission and Distribution
Electrical cables and conductors are extensively used in ongoing infrastructure projects globally, such as the upgrading and extension of power grids, electrical networks and renewable energy installations. Because of its low weight, aluminum is a suitable material for power transmission lines. Because of its lower weight, installation and maintenance are easier to handle and more affordable because there is less strain on towers and other support structures.
For instance, in January 2023, The framework for enhancing the eco-balance of power lines has been established by aluminum manufacturer Trimet and Nexans. Both companies collaborated on an innovative initiative that produced a substance including recycled aluminum that can be used to make aluminum rod, which is utilized in electrical wires.
With a lower carbon footprint, Trimet and Nexans have developed a new product that can meet the stringent technical specifications for the alloy's conductivity and mechanical qualities. Up until now, primary aluminum has been the only material used in the production of power cables. Therefore, the power transmission and distribution segment capture the majority of the total segmental shares.
Asia-Pacific's Infrastructure Development and Growing Energy Demands Propel Aluminum Product Market Dominance
The region's ongoing infrastructure development initiatives, such as the building of industrial zones, smart cities and transportation networks, necessitate substantial electrical wiring and distribution systems, which in turn drives up demand for items made of aluminum.
In order to transmit the electricity produced by these renewable sources and support market expansion, aluminum conductors are essential. Therefore, the Asia-Pacific holds for the significant market shares in the global product market.
The manufacture and transportation of raw materials, components and completed commodities, including as aluminum wire rods, cables and conductors, were all impacted by the pandemic's disruption of global supply networks. Manufacturing was hampered as the supply of necessary materials was disrupted by lockdowns, limitations and logistical difficulties.
The prevailing economic uncertainty and lockdown measures have led to a decrease in industrial activity, construction projects and infrastructure development. Consequently, there has been a reduction in demand for electrical materials, particularly products based on aluminum. The pandemic's effects on numerous industries caused numerous projects to be postponed or shelved.
Workforce shortages, social distance regulations and health and safety regulations posed operating obstacles for manufacturing operations. The supply of aluminum wire rods, cables and conductors was impacted as a result, resulting in production slowdowns or temporary closures.
The availability and price of aluminum used in wire rods, cables and conductors could be impacted by a disruption in the raw material supply chain caused by the conflict, particularly if it directly impacts areas recognized for their production of aluminum or important supply routes. Any unrest or uncertainty in the conflict-affected areas could lead to fluctuations in commodity prices, especially aluminum. The volatility may have an impact on the price strategies and production costs in the market for aluminum wire and cable.
Trade relations between participating countries may be strained by geopolitical disputes, which may result in trade restrictions, tariffs or policy changes. Market dynamics may be impacted by these shifts in the global flow of aluminum and its derivatives.
The major global players in the market include Nexans, Prysmian Group, Southwire Company, Norsk Hydro ASA, General Cable Corporation, Eland Cables, Alcan Cable, Jiangsu Zhongchao Holding Co., Ltd., AFC Cable Systems, Inc. and Vedanta Ltd. (Sterlite Copper).
The global aluminum wire rod, cables & conductors market report would provide approximately 61 tables, 62 figures and 181 Pages.
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