Uninsulated Conductor Market Size, Share, and COVID-19 Impact Analysis, By Type (Solid Wire, Stranded Wire), By Application (Electrical and Electronics, Aerospace, Power & Energy, Communications, Transportation, Life Sciences & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2022-2028

KEY MARKET INSIGHTS

The global Uninsulated Conductor Market was valued at US$ 248.4 Mn in 2021 and is projected to reach US$ 432.4 Mn by 2028, at a CAGR of 7.1%. An uninsulated Conductor also knows as UPVC (unplasticized polyvinyl chloride), is a type of electric cable. Uninsulated conductors are used in a variety of mission-critical applications including medical equipment, and electric power transmission systems. In electrical engineering, it is one of the most crucial components. It's a copper or aluminum wire, rod, tubing, or other material that conducts electricity without being coated. It's a sort of electrical cable made up of one or more conductors put up without a separator and coated in a covering material.

The transportation and distribution of gas and/or water in buildings through tiny diameter pipes is the primary function of this uninsulated conductor pipe and tubing. It may be installed on walls, floors, ceilings, and under-floor spaces, among other surfaces, and is therefore only suitable for indoor application. Uninsulated conductors are used in a variety of industrial applications where small dimensions are required. Few advancements have been made by government organizations in emerging countries such as India, China, and US to strengthen network infrastructure. As a result of these activities, the need for high-speed data transmission cable is increasing.

COVID-19 ANALYSIS

The global uninsulated conductor market is negatively impacted with the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of few countries are considering national-level lockdowns as a viable means of controlling viral transmission. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of uninsulated conductor, influencing the management of the uninsulated conductor supply chain. This chain of occurrences is expected to have a negative influence on the growth of the microminiature circular connector market in the future years.

Rising Government Support to Focus on Investment for the Infrastructure to Propel Demand for Uninsulated Conductor

The rising government support to focus on investment for the infrastructure to propel demand for uninsulated conductor market. The uninsulated conductor market has potential growth prospects due to the continuous expansion in the number of subscribers and new application areas. Furthermore, the rising adoption in different applications has accelerated in recent years as a result of rising demand for power-efficient and dependable semiconductor goods, opening up new growth opportunities for the uninsulated conductor market.

Growing Demand from Power Transmission Lines in Different Applications

The key driving factor for this market is the rising need for electricity transmission lines across developing economies. The use of uninsulated conductors in communication services has increased due to low pricing and a growing demand for uninterrupted services, particularly in remote locations where other service providers are difficult to access; this will further fuel the market's expansion during the forecast period. Aforementioned factors are boosting the sales of the global uninsulated conductor market.

Surging Urbanization and Industrialization Across Developed Countries

Expanding urbanization and industrialization, as well as increased power generation capacity, are all driving expansion in this market. Rising urbanization and digitalization across emerging countries is creating demand of uninsulated conductor. High performance gigabit processing speeds at low voltages are required to enable mass amounts of data to be handled.

RESTRAINTS

Rising Raw Material Costs May Hinder the Market Growth

One of the major problems limiting market growth is the rising costs of raw materials. Despite these constraints, growing economies offer solid wire market players a plethora of fresh sales opportunities for future expansion is limiting the growth of the global uninsulated conductor market. The prices increased due to some factors such as sustainable green energy stimuluses, China’s economic recovery from the pandemic, and supply disruptions.

SEGMENTATION

The global uninsulated conductor market is segmented by Type (Solid Wire, Stranded Wire), by Application (Electrical and Electronics, Aerospace, Power & Energy, Communications, Transportation, Life Sciences & Others) and region. Based on the type, the market is categorized into solid wire, stranded wire. Based on application, the market is categorized into electrical and electronics, aerospace & defense, automotive, communications, transportation, life sciences & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Type Insights

Based on the type segment, the global uninsulated conductor market is categorized into solid wire & stranded wire. The stranded wire segment accounted largest market share in 2020 due to the growing demand for different applications across the world. The stranded wire has multiple benefits coupled with good flexibility, malleability, better routing, and are better applicable for indoor usage on circuit boards, electronic devices, speaker wires, etc., where twisting and bending are necessary for few of the purposes.

Application Insights

Based on the application segment, the global uninsulated conductor market is categorized into electrical and electronics, aerospace & defense, automotive, communications, transportation, life sciences & others. The power & energy segment accounted largest market share in 2020 due to the growing demand for household and commercial applications among the population. Increasing smart devices and smart home is propelling the growth of the global uninsulated conductor market. Coupling with advance technologies including IoT, artificial intelligence, machine learning, cloud computing and others are used to secure data and collect information.

REGIONAL INSIGHTS

The global uninsulated conductor market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the market share in 2020 of global uninsulated conductor market owing to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for uninsulated conductor. Increasing digitalization and huge population is creating the demand of uninsulated conductor in the region. Due to the presence of major key players and advanced technologies is propelling the growth of the global uninsulated conductor market. However,Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period owing to the increasing demand for connectors from computers, communications, and electrical and electronics applications, as well as for enhanced features and connectivity products.

KEY INDUSTRY

• Filkab AD
• Southwire Company, LLC
• New England Wire Technologies
• Atlas Wire, LLC
• Power Flex A/S
• Alfanar Group
• nVent
• Others

SEGMENTATION

By Type

• Solid Wire
• Stranded Wire

By Application

• Electrical and Electronics
• Aerospace
• Power & Energy
• Communications
• Transportation
• Life Sciences
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa