Copper-clad steel (CCS) wire is used in coaxial cables, low current and signal cables, utility grounding applications, as well as the building and car industries. During the anticipated time frame, the expansion of these end-use industries is anticipated to drive the growth of the U.S. CCS market. The U.S. construction and automotive industries are predicted to develop, which will accelerate the expansion of the CCS wire market. The number of recently finished residential structures climbed from roughly 900 thousand units in May 2014 to 1,200 thousand units in May 2019, according to data given by the US Census Bureau and US Department of Housing and Urban Development in June 2019. Ever-increasing population is also anticipated to result in robust growth of the construction industry, which will lead to a significant rise in demand for copper clad steel wires in the nation. Due to its expanding use in the U.S. building and construction and power generation industries, copper-clad steel wire demand is rising. During the projected period, these rising building activities are anticipated to increase demand for copper-clad steel wires.
Coherent Market Insights estimates thatBy the end of 2028, the U.S. market for Copper-Clad Steel Wire is anticipated to reach US$ 3,179.86 million, growing at a CAGR of 2.48% from 2021 to 2028.
Prominent Companies in the Us Copper Clad Steel Wire Industry:
1. Copperhead Industries, LLC
The business was established in 2004 and has its main office in Minnesota, United States. Holding or owning securities of businesses other than banks is a part of the company's operations. For the accurate locating of subsurface utilities, Copperhead Industries offers end-to-end solutions. Each part of Copperhead's Complete Utility Locating SystemTM is made in the United States and is designed for enduring performance.
2. American Wire Group, Inc.
The company was established in 2001 and has its head office in Florida, United States. The renewable energy industry and electric utilities are served by American Wire Group, Inc.'s design, production, and distribution of wire and cable. Grounding wire, transmission and distribution cables, control cables, portable power cables, and medium- and low-voltage cable are just a few of the many products the company offers.
3. Nehring Electrical Works Company
The company was established in 1912 and is based in Illinois, United States. The business produces building wire, underground power cable, ground rods, bare and insulated copper and aluminium wire, aluminium-clad steel, copper-clad steel, and medium voltage cable products.
4. Kris-Tech Wire,
The business was established in 1984 and has its main office in California, United States. The wire producer Kris-Tech Wire provides specialised wire paralleling, wire dyeing, wire striping, packaging, and labelling services. One of the top producers of copper and aluminium wire is Kris-Tech Wire. Kris-Tech Wire stated in December 2022 that it would launch an electrical utility hub.
5. MWS Wire Industries Inc.
The company was established in 1968 and is located in Oxnard, California, USA. In addition to producing wires, the business provides drawing, shaping, consuming, bending, and insulation services. The business distributes magnet wire for the telecommunications, computer, music, sensors, and automotive, aerospace, and medical industries.
6. LEONI Wire Inc.
The company was established in 1917 and is located in Nuremberg, Germany. The business sells concentric and semi-concentric strands, ropes, braids, single and multiple wires, and braids. The expansion of Leoni's manufacture of automobile cables in Cuauhtémoc, Mexico, was celebrated in January 2023.
7. Elecref Industries Inc.
The business was established in 1985 and is based in Houston, USA. Electric installation services are also offered by the manufacturing firm Elecref, which specialises in machines and control panels. The business is a well-known producer of cable accessories, exothermic welding products, earthing material, and copper-clad steel wire.
*Definition: Steel wires that are copper-clad (CCS) are those that are made of steel. These wires combine the steel's strong tensile strength with copper's excellent conductivity. 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.
