According to a recent Research and Markets report, the global aluminium conductors market is estimated to grow at a compound annual growth rate (CAGR) of 2.63 per cent during the five year forecast period 2017-2021.
The total market size of aluminium conductors comprising aluminium conductor steel reinforced (ACSR), all aluminium alloy conductors (AAAC), and all aluminium conductors (AAC), is expected to witness a significant growth over the review period being driven by escalating demand from emerging economies.
Aluminium conductors are produced through electrolytic refining of aluminium. Generally, these conductors contain about 99.5 per cent of aluminium and are made up of one or more strands of aluminium wire depending on the end-use application requirement. These conductors are primarily used in the T&D sector for various applications such as overhead line applications. Aluminium conductors are known for their tensile strength, corrosion resistance, and shock proof properties. These conductors are widely used in urban areas for short space applications.
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The key vendors in the global aluminium conductor market identified in the report include General Cable, Nexans, Prysmian, Southwire, Sterlite Technologies, Apar Industries, Far East Cable, Henan Huatai Special Cable, and Henan Tong-Da Cable. Driven by strong demand in the Middle East and South East Asian countries these companies are expect to increase their market share manifold in 2017.
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