The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
“The use of solar energy to generate electricity is a well-established technology. Enameled copper wires play an important role in conducting electricity between the cells of a solar panel. It separates the solar cells and conducts the current collected by cells to solar inverters that convert direct current power to alternate current power. The size or the width of the copper wires determines the maximum current that can be safely conducted. Therefore, a growing market for solar energy will expand the market demand for enameled and bare copper wires. The year-over-year increase in installed photovoltaic capacity offers significant potential to the vendors to meet the rising demand for copper wires designed for solar panels.”
According to the report, the electrical and power equipment sector requires enameled and bare copper wire in power generation stations to connect the generator to step-up transformers and the transformers to motors. Enameled and bare copper wires are consumed in transmission, power generation, and distribution equipment in the overhead transmission wires and earthing wires.
Further, the report states that although the conductivity of copper is much better than that of aluminum, there is always a lurking threat that aluminum might replace copper, affecting the growth of the copper enameled and bare wire market in EMEA. Aluminum is cheaper and do not experience much volatility in prices as copper. In recent past, the threat of substitution was present due to higher prices of copper compared with aluminum; however, the properties of copper negate any possible short-term benefits offered by aluminum.
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