개요
세계의 알미늄 선재·케이블·도체 시장 규모는 2022년에 286억 달러에 달하며, 2023-2030년의 예측 기간 중 CAGR 4.8%로 성장하며, 2030년에는 416억 달러에 달할 것으로 예측되고 있습니다.
알루미늄 선재 제조에 대한 투자는 최근 수년간 조직과 투자자들 사이에서 점점 더 보편화되고 있습니다. 전자, 에너지, 운송, 건설 등 여러 산업의 성장으로 인해 세계에서 알루미늄 선재에 대한 수요가 급증하고 있습니다. 선재는 케이블, 도체, 건축용 전선 등 다양한 알루미늄 제품을 제조할 때 중간 제품으로 사용됩니다. 이러한 수요 증가에 따라 알루미늄 선재에 대한 수요가 증가할 것으로 예상됩니다.
인도는 케이블 및 도체 생산에 혁신적인 방법을 채택하고 연구개발에 투자하여 국제 표준을 충족하는 알루미늄 기반의 고품질 전기제품을 생산하고 있습니다.
예를 들어 2023년 10월 뉴델리에서 열린 케이블 및 전선 박람회 2023에서 인도의 선도적인 알루미늄 제조업체인 베단타 알루미늄(Vedanta Aluminum)은 T4, AL59, 8xxx 시리즈와 같은 혁신적인 전선재를 선보였습니다. 정교한 연속 주조 기술로 생산되는 이 최첨단 제품은 국제 동력 및 기어 박스 산업의 표준을 높일 준비가 되어 있습니다. 이 제품은 전자, 건축, 자동차, 인프라 등 다양한 산업 분야에 적용되고 있습니다. 따라서 인도 시장은 지역 시장에서 큰 비중을 차지하고 있습니다.
역학
자동차 제조의 이론적 틀과 전망에 주목
자동차 케이블의 대체 도체로서 알루미늄 금속의 사용은 자동차의 경량화 수요 증가와 천연자원 고갈로 인한 구리 금속의 비용 상승에 힘입어 증가하고 있습니다. 이 보고서의 목적은 새로운 자동차 케이블, 즉 알루미늄 케이블의 도입에 대한 향후 연구와 발전을 위한 이론적 틀을 구축하는 것입니다. 스카니아 제품에서 자동차 알루미늄 케이블의 사용에 대한 추가 연구를 통해 현재 자동차 부문에서 이러한 케이블의 배치와 자동차 알루미늄 케이블과 관련된 고장 분석 및 평가 방법을 구축 할 수 있습니다.
알루미늄이 대체 도체로 주목받고 있는 것은 자동차 산업의 경량화 추세와 맥을 같이 합니다. 자동차가 연비 향상과 저공해화를 추구함에 따라 케이블 및 도체 제조에서 알루미늄과 같은 경량화 소재의 필요성이 증가하고 있습니다.
예를 들어 CRU 그룹의 데이터에 따르면 알루미늄 봉재 생산량 상위 10개 기업의 생산량은 세계 선재 생산량의 36%를 차지합니다. 상위 10개 기업의 생산 점유율은 54%로 인도 정부와 인도에 본사를 둔 Aditya Birla Group, Nalco, Vedanta 등 인도 기업이 알루미늄 선재 생산업체 상위권을 독점하고 있습니다. 상위 10개 업체 중 러시아의 Rusal이 2위를 차지하고 있습니다.
전기산업계 수요 증가
송전 및 배전을 위해 전기 부문은 효율적인 도체 및 케이블이 필요합니다. 알루미늄은 우수한 전기 전도성과 가벼운 무게로 인해 이러한 용도에 매우 선호되는 소재이며, 신뢰할 수 있는 전력 네트워크에 대한 수요 증가에 부응하고 있습니다.
효과적인 전기 배선 및 케이블은 전기 산업에 포함되는 산업기계, 상업용 건물 및 통신 인프라의 운영에 필수적입니다. 알루미늄 도체 및 케이블은 이러한 사양을 충족하며 증가하는 수요를 지원하고 있습니다.
예를 들어 2023년 2월 인도 최대 알루미늄 제조업체인 Vedanta Aluminum은 국제 알루미늄 컨퍼런스(IAC) 2023에서 전기 부문을 위해 특별히 설계된 신제품을 발표했습니다. 최신 Properzi의 연속 주조 기술을 통해 생산됩니다. 이 제품은 금속 순도가 높은 100% 1차 알루미늄으로 구성되어 있습니다. 또한 고객 요구 사항에 따라 맞춤형 권선 패턴, 윤활 유연성 및 우수한 표면 품질을 제공합니다.
대안 대안의 가용성
알루미늄을 재료로 사용하는 장점과 알루미늄 선재에 대한 수요 증가에도 불구하고 기업이와 투자자는 시장의 도전과 기회를 인식해야 합니다. 비즈니스가 직면한 문제 중 하나는 철이나 구리와 같은 대체 재료와의 경쟁이 심화되고 있다는 점입니다. 강도와 전도성으로 인해 이러한 재료는 건축용 케이블 및 전도체 제조에도 사용할 수 있습니다.
알루미늄은 가볍고 충분한 전도성을 가지고 있으며, 구리 대신 선재, 케이블 및 도체로 사용할 수 있습니다. 공급이 제한되고 구리 가격이 상승함에 따라 알루미늄이 더 저렴한 대안이라는 업계의 인식이 높아지고 있습니다. 알루미늄은 구리보다 경제적이고 풍부합니다. 알루미늄은 선재와 도체의 원료로 사용할 수 있으므로 특히 대규모 용도에서 비용 효율적인 솔루션을 원하는 산업계에 매력적인 선택이 될 수 있습니다.
구리 가격 변동
구리 가격의 변동은 선재, 케이블 및 도체 대체 재료로서 알루미늄의 매력에 직접적인 영향을 미칩니다. 구리 가격이 낮거나 안정적일 때, 알루미늄으로 전환할 필요성과 동기가 감소하여 알루미늄 기반 제품 시장 성장 잠재력에 영향을 미칩니다. 구리의 가격 변동은 알루미늄의 대체재로서의 경쟁력에 영향을 미칩니다. 구리 가격이 하락하거나 장기간 안정된 상태를 유지하면 알루미늄의 가격 우위가 감소할 수 있으며, 이 경우 알루미늄 시장 침투에 영향을 미치고 확장을 제한할 수 있습니다.
산업계와 제조업체는 선재와 도체 수요에 대해 구리와 알루미늄 중 어느 쪽을 선택할지 결정하기 전에 재료비 등 여러 가지 기준을 종합적으로 판단합니다. 구리 가격 변동이 장기화되면 의사 결정 과정에 불확실성과 지연이 발생하여 기업은 대체 자원으로의 전환을 연기하거나 재검토하게 될 것입니다.
Overview
Global Aluminum Wire Rod, Cables & Conductors Market reached US$ 28.6 billion in 2022 and is expected to reach US$ 41.6 billion by 2030, growing with a CAGR of 4.8% during the forecast period 2023-2030.
Investing in the manufacturing of aluminum wire rod has become more and more common among organizations and investors in recent years. The need for aluminum wire rod has surged globally due to the growth of multiple industries such as electronics, energy, transportation and construction. The wire rod is used as an intermediary product in the production of various aluminum items, such as cables, electrical conductors and construction wires. The demand for aluminum wire rod is expected to increase in response to this growing need for these products.
India manufactures high-quality electrical products based on aluminum that meet international standards due to its efforts to adopt innovative methods in the production of cables and conductors as well as its investments in research and development.
For instance, in October 2023, at the Cable & Wire Fair 2023 in New Delhi, Vedanta Aluminum, the leading aluminum manufacturer in India, unveiled an innovative range of wire rods, including the T4, AL59 and 8xxx series. The cutting-edge items, made using sophisticated continuous casting techniques, are poised to increase the standard in the international power and gearbox industry. Its uses are widespread in industries like electronics, building, automotive and infrastructure. Therefore, the Indian market place accounts for the significant market shares in the regional market.
Dynamics
Focus on Theoretical Framework and Prospects in Vehicle Manufacturing
The use of aluminum metal as an alternative conductor for automobile cables has been encouraged by the growing demand for lightweight vehicles and the skyrocketing cost of copper metal due to the depletion of natural resources. The purpose of this thesis work is to establish the theoretical framework for future investigation and advancement concerning the introduction of new vehicle cables, namely aluminum cables. Further investigation into the use of automotive aluminum cables in Scania products can build upon the current automotive sector deployment of these cables, as well as failure analysis and evaluation methodologies pertaining to automotive aluminum cables.
The focus on aluminum as a substitute conductor is in line with the trend in the automotive industry towards the production of lighter vehicles. In the fabrication of cables and conductors, there is an increasing need for lighter materials like as aluminum as cars strive for greater fuel efficiency and lower emissions.
For instance, as per CRU Group data, The top ten producers of aluminum rod account for 36% of the world's wire rod production. With a 54% production share of the top 10, the Indian government and firms with headquarters in India, such as Aditya Birla Group, Nalco and Vedanta, dominate the list of aluminum wire rod producers. In the top ten list, Russia's Rusal is the second-largest producer.
Growing Demand from Electrical Industry
For the transmission and distribution of power, the electrical sector needs conductors and cables that are efficient. Because of its excellent conductivity and lightweight nature, aluminum is a highly preferred material for these kinds of applications, fulfilling the growing need for dependable power networks.
Effective electrical wiring and cables are essential to the operation of industrial machinery, commercial buildings and telecommunications infrastructure, all of which are included in the electrical industry. The specifications are met by aluminum conductors and cables, which supports their increasing demand.
For instance, in February 2023, the largest aluminum manufacturer in India, Vedanta Aluminum, unveiled a new product at the International Aluminum Conference (IAC) 2023 specifically designed for the electrical sector. With a 560 Kilo Tons production capacity, the 12 mm Aluminum Wire Rod is produced utilizing the most recent Properzi Continuous Casting technology. It is composed of 100% primary aluminum for unmatched metal purity. It also enables customized winding patterns, flexibility in lubrication based on customer requirements and superior surface quality.
Availability of Alternatives
Entrepreneurs as well as investors need to be aware of the challenges and opportunities in the market despite the advantages of using aluminum as a material and the growing demand for aluminum wire rod. One of the issues facing the business is the growing competition from alternative materials like steel and copper. Due to their strength and electrical conductivity, these materials can also be utilized to make building cables and electrical conductors.
Due to its lighter and has sufficient conductivity, aluminum can be used as wire rod, cables and conductors in place of copper. Industry perceptions of aluminum as a more affordable alternative are growing as supply becomes more limited or as copper prices rise. Cost-Effectiveness and Abundance: Aluminum is more economical and abundant than copper. The availability of aluminum as a raw material for wire rods and conductors makes it an appealing option for industries looking for cost-effective solutions, particularly in large-scale applications.
Copper Price Volatility
Copper price fluctuations have a direct impact on aluminum's appeal as a substitute material for wire rods, cables and conductors. The need or motivation to convert to aluminum decreases when copper prices are low or stable, which has an impact on the market's potential for growth for products based on aluminum. The price volatility of copper has an impact on aluminum's ability to compete as a substitute. The price advantage of aluminum could be reduced if copper prices drop or stay steady for a long time, which would affect its market penetration and limit its expansion.
Industries and manufacturers weigh a number of criteria, such as the cost of materials, before selecting between copper and aluminum for their wire rod and conductor needs. Prolonged volatility in copper prices can induce uncertainty and delay in the decision-making process, leading enterprises to defer or reevaluate their transition to substitute resources.
The global aluminum wire rod, cables & conductors market is segmented based on product, end-user and region.
The Growing Demand for Power Transmission and Distribution
Electrical cables and conductors are extensively used in ongoing infrastructure projects globally, such as the upgrading and extension of power grids, electrical networks and renewable energy installations. Because of its low weight, aluminum is a suitable material for power transmission lines. Because of its lower weight, installation and maintenance are easier to handle and more affordable because there is less strain on towers and other support structures.
For instance, in January 2023, The framework for enhancing the eco-balance of power lines has been established by aluminum manufacturer Trimet and Nexans. Both companies collaborated on an innovative initiative that produced a substance including recycled aluminum that can be used to make aluminum rod, which is utilized in electrical wires.
With a lower carbon footprint, Trimet and Nexans have developed a new product that can meet the stringent technical specifications for the alloy's conductivity and mechanical qualities. Up until now, primary aluminum has been the only material used in the production of power cables. Therefore, the power transmission and distribution segment capture the majority of the total segmental shares.
Asia-Pacific's Infrastructure Development and Growing Energy Demands Propel Aluminum Product Market Dominance
The region's ongoing infrastructure development initiatives, such as the building of industrial zones, smart cities and transportation networks, necessitate substantial electrical wiring and distribution systems, which in turn drives up demand for items made of aluminum.
In order to transmit the electricity produced by these renewable sources and support market expansion, aluminum conductors are essential. Therefore, the Asia-Pacific holds for the significant market shares in the global product market.
The manufacture and transportation of raw materials, components and completed commodities, including as aluminum wire rods, cables and conductors, were all impacted by the pandemic's disruption of global supply networks. Manufacturing was hampered as the supply of necessary materials was disrupted by lockdowns, limitations and logistical difficulties.
The prevailing economic uncertainty and lockdown measures have led to a decrease in industrial activity, construction projects and infrastructure development. Consequently, there has been a reduction in demand for electrical materials, particularly products based on aluminum. The pandemic's effects on numerous industries caused numerous projects to be postponed or shelved.
Workforce shortages, social distance regulations and health and safety regulations posed operating obstacles for manufacturing operations. The supply of aluminum wire rods, cables and conductors was impacted as a result, resulting in production slowdowns or temporary closures.
The availability and price of aluminum used in wire rods, cables and conductors could be impacted by a disruption in the raw material supply chain caused by the conflict, particularly if it directly impacts areas recognized for their production of aluminum or important supply routes. Any unrest or uncertainty in the conflict-affected areas could lead to fluctuations in commodity prices, especially aluminum. The volatility may have an impact on the price strategies and production costs in the market for aluminum wire and cable.
Trade relations between participating countries may be strained by geopolitical disputes, which may result in trade restrictions, tariffs or policy changes. Market dynamics may be impacted by these shifts in the global flow of aluminum and its derivatives.
The major global players in the market include Nexans, Prysmian Group, Southwire Company, Norsk Hydro ASA, General Cable Corporation, Eland Cables, Alcan Cable, Jiangsu Zhongchao Holding Co., Ltd., AFC Cable Systems, Inc. and Vedanta Ltd. (Sterlite Copper).
The global aluminum wire rod, cables & conductors market report would provide approximately 61 tables, 62 figures and 181 Pages.
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