Global Aluminum Clad Steel Core Aluminum Stranded Wire Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
The Aluminum Clad Steel Core Aluminum Stranded Wire (ACSR) market has been experiencing notable growth as industries like power transmission and distribution seek more efficient, durable, and cost-effective solutions. ACSR is known for its strength-to-weight ratio and is primarily used for overhead power lines. This wire is a composite of a central steel core, which provides strength, and an outer layer of aluminum, known for its excellent conductivity and lightweight nature. The combination offers the best of both worlds—high strength and good electrical conductivity—making it an ideal choice for power grid applications.
One of the key drivers for the ACSR market is the expanding demand for energy across emerging economies. As countries develop their infrastructure, particularly in rural and remote areas, ACSR is becoming a go-to solution for ensuring reliable power transmission over long distances. The demand for renewable energy, such as wind and solar, also increases the need for robust transmission networks, further propelling the market forward. For example, the need for more energy-efficient grids that can handle varying loads has led to an increased adoption of aluminum clad steel wires in new projects.
From a technological perspective, advancements in wire manufacturing processes have significantly lowered production costs while improving the performance of ACSR wires. With a growing focus on environmental sustainability, ACSR’s lightweight design and ability to resist corrosion make it a better alternative than traditional copper wiring, which can be more costly and heavier. The ability to withstand extreme weather conditions adds to the growing appeal of ACSR wires in regions prone to natural disasters.
As global power infrastructure modernizes and the world transitions to greener energy solutions, the Aluminum Clad Steel Core Aluminum Stranded Wire market is expected to continue its upward trajectory. Innovations in wire technology and strategic investments in the power transmission sector will further accelerate its adoption. Market players are increasingly focusing on expanding production capacity to meet growing demand, ensuring that ACSR remains a key player in the global energy sector.
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LUMPI-BERNDORF
Trefinasa
ILJIN STEEL
Apar Industries
ZTT Cable
AFL
Conex Cable
Deora Group
Intral Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aluminum Clad Steel Core Aluminum Stranded Wire Market
Power Industry
Transmission Line Industry
Based on Types the Market is categorized into Below types that held the largest Aluminum Clad Steel Core Aluminum Stranded Wire market share In 2023.
Less Than 2 mm
2mm-5mm
Over 5 mm
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aluminum Clad Steel Core Aluminum Stranded Wire Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aluminum Clad Steel Core Aluminum Stranded Wire Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aluminum Clad Steel Core Aluminum Stranded Wire Market, By Type
6. Global Aluminum Clad Steel Core Aluminum Stranded Wire Market, By Application
7. Global Aluminum Clad Steel Core Aluminum Stranded Wire Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aluminum Clad Steel Core Aluminum Stranded Wire Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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