2019-2025 global steel core aluminum stranded wire market annual compound growth rate of 1.1%

According to a report released by Garner Insights, an international market research institution, the compound annual growth rate of global steel-core aluminum stranded wire from 2019 to 2025 is about 1.
1%.

Steel core aluminum stranded wire (ACSR) is a high-capacity, high-strength stranded wire commonly used for overhead power lines
.
It is a concentric stranded conductor with one or more layers of hard-drawn 1350-H19 aluminum wire
on a galvanized steel wire core.
The core wire can be single wire or stranded, depending on the size
.

The report believes that the increasing demand for offshore wind farms, HVDC systems, and grid interconnection is the major driver of the ACSR market
.
However, on the other hand, due to factors such as land acquisition, fluctuations in raw material prices and environmental impact, the development of overhead cable demand has been limited, resulting in the growth of the steel core aluminum stranded wire market is also restricted
.

From the perspective of market region, the Asia-Pacific region will continue to dominate the global steel core aluminum stranded wire market
during the forecast period.
Urbanization, accelerating industrialization, increasing investment in power infrastructure, and growing renewable energy sources in the region are contributing to the growth
of this market.
Among them, China will take the lead
in the region.

Among other key regional markets, the United States, Germany, the United Kingdom, Brazil and Egypt will also be the key markets
in their respective regions.
Aging power infrastructure replacement, increasing renewable energy, and grid interconnection are the main factors
promoting the increasing demand for steel-core aluminum stranded wire market in Europe and the United States.
In emerging markets, improvements in power infrastructure, absorption of more renewable energy, and increasing demand for long-distance power transmission will boost the market
.

From the perspective of industry structure, the steel core aluminum stranded
wire industry is highly dispersed.
Producers of all kinds, from large multinationals to small private companies, compete in this industry, with the top 11 producers globally accounting for about 23%
of the revenue market.

From the product point of view, governments, producers and service providers, as well as cable and accessory manufacturers, are also constantly trying to integrate their existing technologies and extensively develop new technologies to increase the capacity of high-voltage transmission and reduce the impact
of high-voltage transmission on residential areas.
Considering the current demand for steel core aluminum stranded wire, the market prospects are optimistic
.
As for product prices, the slow downward trend of recent years will continue
in the coming years as competition intensifies.
Similarly, gross margins will fluctuate
.