Revenue for Electrical Wire Market is expected to Surge due to Increased Demand in United States

Published on : Dec 06, 2016

Albany, New York, December 6, 2016: A new report focusing on the electrical wire market titled “United States Electrical Wire Market Report 2016”, has been broadcasted to the vast archive of Market Research Hub. The report describes the present scenario and the growth prospects of the electric wire market in United States during the period 2016-2021. For determining the market size and vendor share, the report considers revenue generated from the sales of electric wires and cables in five years (2011 to 2016).

First of all, the report describes the overview and scope of electrical wires along with its definition, classification and applications. Electrical wires are conductors that transfer electricity from a source, usually a nearby transformer, to an outlet in your home or business. They also conduct electricity in appliances and electronic devices. Although they can be made from aluminum and other materials, almost all electrical wires are made of copper. Now, copper wires are used widely all over the world for both residential and commercial purposes. With the result, there has been a major increase of copper wire suppliers over the years.

The research examines that wire products are by far the major users of copper in the United States. In fact, in the USA more than 60% of all copper and copper alloys consumed are used because of electrical conductivity & about 80% of that is wire and cable.

 On the basis of types the electrical wires can be divided into:

  • Single conductor
  • Multi conductor cables
  • Metal-clad cables

Single-conductor wires are the most common type of electrical wires, whereas, multiconductor cables are used behind the walls of houses and to connect heavy appliances such as washing machines and dishwashers. The report further analyzes that surging demand across several applications areas such as transmission, braking, lights, seat heaters & air conditioners is expected to drive the electrical wire market over the forecast period. Also, growing demand for in-vehicle wiring applications is also expected to considerably rise market demand in the long run.

The industry report identifies the leading companies and offers strategic analysis of the key factors that are influencing the market. Key players operating in the U.S. market are:

  • Goodride
  • Allen Tel Products
  • Belden / CDT
  • General Cable
  • Multiple
  • Remington Industries
  • Priority
  • AlphaWire
  • PICO
  • Carol

Click here to get more info with TOC in a PDF Format:

The report also provides information on market effect factors, key trend analysis and competitive valuation of market that would be advantageous for the buyers by helping them understand the market dynamics.

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