Market Forecast By Types (AAC (All Aluminium Conductor), ACSR (Aluminium Conductor Steel Reinforced), AAAC (All Aluminium Alloy Conductor), ACAR (Aluminium Conductor Aluminium Alloy Reinforced)), By Applications (Power Cables, Transformer, Busbars, Submarine Power Cables), By Countries (India, Japan, China, Australia, Thailand, Indonesia, Malaysia & Rest of Asia Pacific Region) and competitive landscape
Product Code: ETC002210 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | Asia Pacific (APAC) Electrical Conductors MarketΒ |
Forecast period | 2024-2030 |
CAGR | 4% |
Growing Sector | Power Generation |
The Asia Pacific (APAC) Electrical Conductors Market report thoroughly covers the market by Types, Applications and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) Electrical Conductors Market has experienced growth in recent years and is expected to witness growth in the coming years. This growth of the market is due to increasing urbanization and industrialisation, growing population, increasing government initiatives, and advanced technologies.
According to 6Wresearch, the Asia Pacific (APAC) Electrical Conductors Market size is expected to grow at a significant CAGR of 4% during 2024-2030. The rapid urbanization and industrialisation in the Asia Pacific region have resulted in the development of construction and infrastructure activities. This has led to an increase in demand for electricity, hence driving the growth of the electrical conductors market in the Asia Pacific region. Moreover, government initiatives promoting electrification in rural areas are further driving the growth of the market. Furthermore, the advancements in technology have led to the development of high-performance and more efficient electrical conductors, boosting the growth of the market.
The prices of raw materials used in the production of electrical conductors are volatile, which affects the overall production costs and the profit margin of manufacturers. Moreover, the shortage of skilled labour, required for the production of electrical conductors, hinders the growth of the market. Another challenge for the market is the competition faced by them from substitutes such as fiber optics and wireless communication systems.
Some of the key players operating in the APAC electrical conductors market include Sumitomo Electric Industries Ltd., LS Cable & System Ltd., Furukawa Electric Co., Ltd., Nexans SA, Southwire Company LLC, General Cable Technologies Corporation, Prysmian Group, Encore Wire Corporation, J-Power Systems Corporation, and Neccon Power & Infra Limited. These players are constantly innovating and investing in research and development to introduce new and advanced products in the market and maintain their positions in the competition.
One of the major initiatives is the focus on renewable energy sources such as solar and wind power. Governments are promoting investments in these sectors, which require a high demand for electrical conductors for transmission and distribution purposes. Another initiative is the development of smart grid systems. These systems use advanced technologies and communication networks to efficiently manage electricity supply and demand. Furthermore, governments are also investing in the modernization of existing power grids and expanding their electricity network to rural areas. Moreover, collaborations between government agencies and private companies have been encouraged to promote research and development in the field of electrical conductors.
The Asia Pacific (APAC) Electrical Conductors Market is expected to witness steady growth in the coming years. The rapid urbanization, industrialization, and infrastructure development projects in the region are driving the electricity demand and hence driving the electrical conductors market. Additionally, increasing investments in renewable energy projects also contribute to market growth. There is a growing trend towards smart grid technology in many countries in APAC, which requires advanced power transmission systems. This creates an opportunity for manufacturers to develop innovative and high-performance electrical conductors.
According to Ravi Bhandari, Research Head, 6Wresearch, the AAC (All Aluminum Conductor) is expected growth due to its lightweight and high conductivity properties hence making it a popular choice for power cables and transmission lines.
In terms of applications, the power cables segment dominates the APAC electrical conductors market due to the growing investments in infrastructure development and increasing demand for electricity in developing countries like India and China.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Asia Pacific Electrical Conductor Market Overview |
3.1 Asia Pacific Electrical Conductor Market Revenues, 2020-2030F |
3.2 Asia Pacific Electrical Conductor Market Revenue Share, By Types, 2020 & 2030F |
3.3 Asia Pacific Electrical Conductor Market Revenue Share, By Applications, 2020 & 2030F |
3.4 Asia Pacific Electrical Conductor Market Revenue Share, By Countries, 2020 & 2030F |
3.5 Asia Pacific Electrical Conductor Market Industry Life Cycle |
3.6 Asia Pacific Electrical Conductor Market- Porterβs Five Forces |
4. Asia Pacific Electrical Conductor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Asia Pacific Electrical Conductor Market Trends |
6. Asia Pacific Electrical Conductor Market Overview, By Types |
6.1 Asia Pacific Electrical Conductor Market Revenues, By AAC (All Aluminum Conductor), 2020-2030F |
6.2 Asia Pacific Electrical Conductor Market Revenues, By ACSR (Aluminum Conductor Steel Reinforced), 2020-2030F |
6.3 Asia Pacific Electrical Conductor Market Revenues, By AAAC (All Aluminum Alloy Conductor), 2020-2030F |
6.4 Asia Pacific Electrical Conductor Market Revenues, By ACAR (Aluminum Conductor Aluminum Alloy Reinforced), 2020-2030F |
7. Asia Pacific Electrical Conductor Market Overview, By Applications |
7.1 Asia Pacific Electrical Conductor Market Revenues, By Power Cables, 2020-2030F |
7.2 Asia Pacific Electrical Conductor Market Revenues, By Transformer, 2020-2030F |
7.3 Asia Pacific Electrical Conductor Market Revenues, By Busbars, 2020-2030F |
7.4 Asia Pacific Electrical Conductor Market Revenues, By Submarine Power Cables, 2020-2030F |
8. Australia Electrical Conductor Market Overview |
8.1 Australia Electrical Conductor Market Revenues, 2020-2030F |
8.2 Australia Electrical Conductor Market Revenues, By Types, 2020-2030F |
8.3 Australia Electrical Conductor Market Revenues, By Applications, 2020-2030F |
9. Thailand Electrical Conductor Market Overview |
9.1 Thailand Electrical Conductor Market Revenues, 2020-2030F |
9.2 Thailand Electrical Conductor Market Revenues, By Types, 2020-2030F |
9.3 Thailand Electrical Conductor Market Revenues, By Applications, 2020-2030F |
10. India Electrical Conductor Market Overview |
10.1 India Electrical Conductor Market Revenues, 2020-2030F |
10.2 India Electrical Conductor Market Revenues, By Types, 2020-2030F |
10.3 India Electrical Conductor Market Revenues, By Applications, 2020-2030F |
11. China Electrical Conductor Market Overview |
11.1 China Electrical Conductor Market Revenues, 2020-2030F |
11.2 China Electrical Conductor Market Revenues, By Types, 2020-2030F |
11.3 China Electrical Conductor Market Revenues, By Applications, 2020-2030F |
12. Malaysia Electrical Conductor Market Overview |
12.1 Malaysia Electrical Conductor Market Revenues, 2020-2030F |
12.2 Malaysia Electrical Conductor Market Revenues, By Types, 2020-2030F |
12.3 Malaysia Electrical Conductor Market Revenues, By Applications, 2020-2030F |
13. Indonesia Electrical Conductor Market Overview |
13.1 Indonesia Electrical Conductor Market Revenues, 2020-2030F |
13.2 Indonesia Electrical Conductor Market Revenues, By Types, 2020-2030F |
13.3 Indonesia Electrical Conductor Market Revenues, By Applications, 2020-2030F |
14. Japan Electrical Conductor Market Overview |
14.1 Japan Electrical Conductor Market Revenues, 2020-2030F |
14.2 Japan Electrical Conductor Market Revenues, By Types, 2020-2030F |
14.3 Japan Electrical Conductor Market Revenues, By Applications, 2020-2030F |
15. Rest of Asia Pacific Electrical Conductor Market Overview |
15.1 Rest of Asia Pacific Electrical Conductor Market Revenues, 2020-2030F |
16. Asia Pacific Electrical Conductor Market Key Performance Indicators |
17. Asia Pacific Electrical Conductor Market Opportunity Assessment |
17.1 Asia Pacific Electrical Conductor Market Opportunity Assessment, By Types, 2030F |
17.2 Asia Pacific Electrical Conductor Market Opportunity Assessment, By Applications, 2030F |
18. Asia Pacific Electrical Conductor Market Competitive Landscape |
18.1 Asia Pacific Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.1.1 Thailand Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.1.2 Malaysia Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.1.3 Indonesia Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.1.4 Japan Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.1.5 India Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.1.6 China Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.1.7 Australia Electrical Conductor Market Revenue Share, By Companies, 2023 |
18.2 Asia Pacific Electrical Conductor Market Competitive Benchmarking, By Operating Parameters |
19. Company Profiles |
20. Key Recommendations |
21. Disclaimer |