China Aluminum Wire Market Size & Outlook, 2022-2030
China aluminum wire market, -2030 (US$M)
Related Markets
China aluminum wire market highlights
- The China aluminum wire market generated a revenue of USD 17,165.1 million in 2024 and is expected to reach USD 24,572.5 million by 2030.
- The China market is expected to grow at a CAGR of 6.2% from 2025 to 2030.
- In terms of segment, electrical was the largest revenue generating product in 2024.
- Electrical is the most lucrative product segment registering the fastest growth during the forecast period.
Aluminum wire market data book summary
| Market revenue in 2024 | USD 17,165.1 million |
| Market revenue in 2030 | USD 24,572.5 million |
| Growth rate | 6.2% (CAGR from 2024 to 2030) |
| Largest segment | Electrical |
| Fastest growing segment | Electrical |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electrical, Mechanical |
| Key market players worldwide | Kaiser Aluminum Corp, Prysmian SpA, Southwire Company, Cerro Wire, Nexans, Sumitomo Electric Industries Ltd ADR, Southern Cable Group, Ducab, Norsk Hydro ASA |
Other key industry trends
- In terms of revenue, China accounted for 50.6% of the global aluminum wire market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aluminum wire market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,649.5 million by 2030.
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Aluminum Wire Market Scope
Aluminum Wire Market Companies
| Name | Profile | # Employees | HQ | Website |
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China aluminum wire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum wire market will help companies and investors design strategic landscapes.
Electrical was the largest segment with a revenue share of 78.53% in 2022. Horizon Databook has segmented the China aluminum wire market based on electrical, mechanical covering the revenue growth of each sub-segment from to 2030.
China dominated the Asia Pacific aluminum wire market with a volume share of 50.3% in 2020 and the trend is anticipated to continue over the forecast period. Rising investments in power infrastructure are anticipated to augment the demand for aluminum wires in China over the forecast period.
For instance, in January 2019, China’s State Grid Corp. started the construction of the world’s longest and most powerful ultra-high voltage power line. In addition, in September 2020.
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Target buyers of China aluminum wire market databook
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Our clientele includes a mix of aluminum wire market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China aluminum wire market , including forecasts for subscribers. This country databook contains high-level insights into China aluminum wire market from to 2030, including revenue numbers, major trends, and company profiles.
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China aluminum wire market
China Aluminum Wire Market Outlook Share, 2022 & 2030 (US$M)
China aluminum wire market
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