Due to its benefits, including superior corrosion resistance to steel, stronger mechanical strength due to a steel core, resistance to fatigue, and others, copper-clad steel wires are in higher demand from a variety of end-use sectors. The development of end-use sectors including telecommunications, power generation, building and construction, and automotive is also a key factor in the expected expansion of the copper wrapped steel wire market. Copper clad wire is used in the telecommunications sector to create telephone drop wire, coaxial cable, CATV drop cable, etc. With 1.20 billion subscribers and significant increase over the previous several years, India is today the second largest telecommunications industry in the world, according to a research by the India Brand Equity Foundation (IBEF) that was published in March 2019. The demand for copper-clad steel wire for use in the telecommunications sector is predicted to increase as a result, which is anticipated to support the expansion of the worldwide copper clad steel market's revenue.
According to Coherent Market Insights, The size of the global market for Copper-Clad Steel Wire, which was estimated at USD 12,366.13 million in 2020, is anticipated to increase to USD 19,937.32 million by 2028, rising at a CAGR of 6.84% between 2021 and 2028.
Major Players in the Copper Clad Steel Wire Industry:
1. Elecref Industries Inc.
The company was started in 1984 and has its main office in Humberston, North East Lincolnshire, United Kingdom. Copper-clad steel wire, earthing materials, exothermic welding products, and cable accessories are all produced by the well-known company Elecref. Elecref is a manufacturer that focuses on equipment and control panels and offers electrical installation services.
2. Copperhead Industries, LLC
The business was founded in 2004 and is located in Minnesota, United States. The largest producer of copper-clad steel tracer wire and tracer wire accessories in the United States is Copperhead Industries, which supplies sellers, cities, utilities, and architects in the water, sewer, gas, and telecommunications markets.
3. Fisk Alloy Inc.
The business was started in 1973 and has its main office in Hawthorne, New Jersey. The business produces copper alloy wire in a range of forms for use as conductors and electronic components. The business manufactures copper alloy wire, alloy conductors, aircraft appliances, defence electronic connections, and plated wire for conductors and electronic components.
4. LEONI Wire Inc.
The firm was started in 1917 and is located in Nuremberg, Germany. Wires are manufactured by Leoni Wire, Inc. The business sells concentric and semi-concentric strands, ropes, braids, single and multiple wires, and braids. In addition to offering associated development services, LEONI is a major supplier of wires, cables, and wiring systems on a global scale. The expansion of Leoni's automobile cable production at Cuauhtémoc, Mexico, was celebrated in January 2023.
5. MWS Wire Industries, Inc.
The firm was founded in 1968 and is based in Westlake Village, California. The business manufactures wires and provides services for serving, twisting, drawing, shaping, and insulating. The business distributes magnet wire for the telecommunications, aerospace, medical, automotive, computer, electronics, music, and sensor industries.
6. Kris-Tech Wire
The company was started in 1984 and is located in Rome, New York. The business both manufactures and sells a variety of wire goods. As a manufacturer of wire, Kris-Tech Wire provides services for packaging, labelling, dyeing, and paralleling wires that are specifically tailored to the customer's needs.
7. Nehring Electrical Works Company
The company was established in 1912 and is based in Dekalb, Illinois, United States. The business offers customers amazing items and outstanding customer service. The longest operating wire mill in the world is Nehring Electrical Works Company, which produces wire and cable products. Copper that is both bare and insulation is produced and sold by Nehring.
*Definition: Steel wires wrapped with copper are known as copper-clad steel (CCS) wires. With these wires, steel's strong tensile strength and copper's combination conductive characteristics are offered. Low carbon steel is the material used for the core, which is also utilised as a grounding wire or as the inner conductor of coaxial cables.
