The global aluminum cable market is driven by increasing infrastructure development projects. Aluminum cables have high application in construction industries due to advantages like lightweight, corrosion resistance, flexibility and durability. Aluminum conductors are extensively used in overhead power transmission lines as they can transmit large power loads over long distances effectively. Major uses of aluminum cables include power transmission, distribution of low voltage power in buildings, houses and infrastructure projects like roads, flyovers and metro rails.

The global aluminum cable market is estimated to be valued at US$ 35.98 billion in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period from 2024 to 2031.

The growing infrastructure development activities across the world are fueling the demand for Aluminum Cable Market Size.Various government initiatives focused on building roads, bridges, affordable housing, urban development and smart city projects are driving the aluminum cable consumption.The market is also fueled by increasing power transmission and distribution projects aimed at enhancing electricity access in rural and remote areas.

Key Takeaways

Key players operating in the aluminum cable market are NEXANS, Prysmian S.p.A, Finolex Cables, Havells India, Polycab, Sterlite Technologies, Paraflex, Elson House, Vimco Plast, Emmflex Group, Modern Industries, KIE Industries, Cerro wire LLC, DUCAB, Encore Wire Corporation, South wire Company, LLC. Key players are focusing on expanding their product portfolios and global footprint to leverage new opportunities in growing markets.

The aluminum cable market is expanding globally with growth in emerging economies. Rising focus on rural electrification, power infrastructure upgradation and construction sector boom in Asia Pacific and Latin American countries is propelling the regional market growth. Manufacturers are investing in capacity expansion and acquiring regional players to consolidate their presence and better serve rapidly growing end-use markets.

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