UK Aluminum Wire Market Size & Outlook, 2022-2030
UK aluminum wire market, -2030 (US$M)
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UK aluminum wire market highlights
- The UK aluminum wire market generated a revenue of USD 153.6 million in 2024 and is expected to reach USD 189.7 million by 2030.
- The UK market is expected to grow at a CAGR of 3.6% 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 153.6 million |
| Market revenue in 2030 | USD 189.7 million |
| Growth rate | 3.6% (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, UK accounted for 0.5% 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 Europe, Germany aluminum wire market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,325.7 million by 2030.
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Aluminum Wire Market Scope
Aluminum Wire Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 79.17% in 2022. Horizon Databook has segmented the UK aluminum wire market based on electrical, mechanical covering the revenue growth of each sub-segment from to 2030.
The UK accounted for a volume share of 6.8% in 2020 of the European aluminum wire market. Aluminum wire is most widely used in transmission and distribution of electrical power. Increasing investments in improving the energy infrastructure of the country is anticipated to augment the demand for aluminum wires over the forecast period.
For instance, in December 2020, The Office of Gas and Electricity Markets (Ofgem), a government regulator for the electricity and downstream natural gas markets in the Great Britain.
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Target buyers of UK 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the UK aluminum wire market , including forecasts for subscribers. This country databook contains high-level insights into UK aluminum wire market from to 2030, including revenue numbers, major trends, and company profiles.
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UK aluminum wire market
UK Aluminum Wire Market Outlook Share, 2022 & 2030 (US$M)
UK aluminum wire market
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