According to a report released by Technavio, an international market research organization, the European aluminum wire market is likely to grow by 121,130 tons during 2021-2025, and the market's growth momentum will accelerate at a compound annual growth rate of 1.56%.


Aluminum is widely used in the manufacture of cables and conductors due to its light weight and high conductivity. During the forecast period, the expansion of the transmission and distribution network and the increase in demand for cables and conductors may promote the growth of the European aluminum wire market. At the same time, with the increase of underground transmission lines, changes in the power distribution system will drive the demand for cables in Europe. The rapid growth of renewable energy is also expected to generate demand for power cables.

In addition to the above factors, due to the disruption of the regional supply chain and the economic recession in all European countries, the post-COVID-19 impact has also led to a decline in the demand for cables and conductors.

Although copper has better electrical conductivity than aluminum, the consumption of aluminum in cable and conductor applications is increasing due to factors such as greater strength/weight ratio, price and cost. Aluminum has been successfully used as a conductor material for end-uses such as low-voltage transformers. These advantages of aluminum wire will promote the growth of the European aluminum wire market.

The report also pointed out that the European aluminum wire market is fragmented, and suppliers are deploying various organic and inorganic growth strategies to compete in the market. During the forecast period, the growth of the cable and conductor market share in the European aluminum wire market will be considerable. Aluminum wire is used to manufacture various cables and conductors due to its low cost and high conductivity. The outstanding characteristics of aluminum cables, such as light weight and relatively cost-effective characteristics, are some of the key factors that make them replace copper cables.

Article information source-cable network




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