Corrugated Aluminum Sheath Cable Market Size, Share, Growth and Industry Analysis by Type (HV corrugated aluminum sheath cable, and, EHV corrugated aluminum sheath cable) By Application (Utility, industrial, and, others) Regional Insights and Forecast To 2031

Updated On: 22 April 2024

corrugated aluminum sheath cable market REPORT OVERVIEW

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The global corrugated aluminum sheath cable market size is expected to be worth 2805.6 million in 2021 & will touch USD 4137.3 million by 2028 at CAGR of 5.7% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Corrugated aluminum sheath cable, commonly known as CAS cable, is a specialized type of electrical cable designed for outdoor and underground applications. It features a durable aluminum sheath with a corrugated or ridged outer surface, which enhances its resistance to physical damage and environmental factors. CAS cable is often used in situations where protection against moisture, corrosion, or other harsh conditions is essential.

Its rugged construction and weather-resistant properties make it ideal for applications like direct burial in the ground or installation in areas prone to moisture, such as coastal regions. This cable design ensures long-lasting and reliable electrical connectivity in demanding outdoor settings. These acts as the factors driving the corrugated aluminum sheath cable market growth.

COVID-19 impact: Need for Reliable Internet Connectivity During Pandemic Increased Market Growth

The impact of COVID-19 on the corrugated aluminum sheath cable industry was multifaceted. While the pandemic disrupted supply chains, causing some delays in manufacturing and delivery, it also increased demand for certain applications. As remote work and online activities surged, the need for reliable internet connectivity rose, prompting infrastructure upgrades.

 CAS cables played a crucial role in enhancing broadband and data transmission networks. However, the economic uncertainties of the pandemic affected infrastructure investment in some regions, slowing down cable projects. Overall, COVID-19 highlighted the critical role of CAS cables in ensuring connectivity during challenging times while also revealing vulnerabilities in global supply chains.

LATEST TRENDS

"Adoption of Advanced Manufacturing Techniques during Manufacturing to Accelerate Market Growth"

Innovations in corrugated aluminum sheath cable have transformed the industry. Advanced manufacturing techniques have made these cables more lightweight while maintaining their durability and weather resistance. Nanotechnology coatings enhance corrosion resistance, prolonging cable lifespan. The development of micro-duct technology allows for easier installation in crowded urban environments.

 Additionally, innovations in hybrid cables integrate fiber-optic components for high-speed data transmission alongside traditional coaxial elements. These new designs cater to the increasing demand for high-speed internet and telecommunication services. Overall, these innovations in corrugated aluminum sheath cable ensure improved performance, reliability, and versatility in various applications, from broadband networks to underground installations.

corrugated aluminum sheath cable market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

HV corrugated aluminum sheath cable, and, EHV corrugated aluminum sheath cable.

The HV corrugated aluminum sheath cable segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Utility, industrial, and, others.

 The utility segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Cost-effectiveness of Aluminum Cables Compared to Alternatives to Amplify Market Growth"

The corrugated aluminum sheath cable industry is driven by several key factors. Firstly, the need for reliable and robust underground and outdoor cable solutions in telecommunications and electrical distribution remains high, particularly in expanding urban areas and coastal regions. Secondly, the increasing demand for high-speed internet and data transmission fuels the deployment of advanced cables to support modern connectivity requirements.

The cost-effectiveness of corrugated aluminum sheath cables, compared to alternatives like copper, further promotes their adoption. Moreover, technological advancements, such as improved cable design and enhanced corrosion resistance, continue to drive innovation and maintain the relevance of these cables in various critical infrastructure projects. All of these factors are propelling the corrugated aluminum sheath cable market share.

"Growing Emphasis on Eco-friendly and Recyclable Materials to Propel Market Growth "

Beyond infrastructure needs and technological advancements, other driving factors in the corrugated aluminum sheath cable industry include environmental considerations. The emphasis on eco-friendly and recyclable materials aligns with the aluminum sheath cable's sustainability and reduced carbon footprint. Additionally, government regulations and safety standards often mandate the use of such cables in specific applications, driving their adoption.

Furthermore, the increased adoption of renewable energy sources, like wind and solar, creates a demand for reliable cable solutions in power transmission, supporting the growth of corrugated aluminum sheath cables. These factors collectively underscore the growing importance of these cables in diverse applications, from telecommunications to renewable energy projects.

RESTRAINING FACTOR

"Requirement of Specialized Knowledge for Installation of these Cables to Decrease Market Growth"

Corrugated aluminum sheath cable faces several restraining factors. Firstly, its cost, while competitive, can be higher than alternatives like PVC or HDPE cables, which can discourage budget-conscious projects. Secondly, the installation of these cables often requires specialized knowledge and equipment, potentially adding to the overall project expenses. Thirdly, the weight of corrugated aluminum sheath cables can be heavier, making transportation and handling more challenging.

Environmental concerns about aluminum mining and production also raise sustainability questions. Additionally, technological shifts towards wireless communication might reduce the long-term demand for cabling infrastructure. These restraining factors highlight the need for a balanced evaluation of costs, benefits, and environmental impact when choosing these cables for specific applications.

corrugated aluminum sheath cable market Regional Insights

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"Asia Pacific to Dominate Market owing to Infrastructure Development"

The leading region in the corrugated aluminum sheath cable industry is Asia Pacific. This dominance is due to several significant factors. Asia Pacific's rapid urbanization and infrastructure development projects, particularly in emerging economies like China and India, drive substantial demand for these cables in telecommunications and electrical networks.

The region's vast manufacturing capabilities result in cost-effective production, making it a key global supplier. Government investments in smart cities and renewable energy initiatives further boost the market. Additionally, Asia Pacific's large and tech-savvy population drives the expansion of high-speed internet and data transmission, increasing the need for reliable corrugated aluminum sheath cable solutions in the region.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Prysmian Group (Italy)
• LS Cable & System (South Korea)
• Sumitomo Electric (Japan)
• Southwire (U.S.)
• Nexans (France)
• Furukawa Electric (Japan)
• NKT (Denmark)
• Okonite (U.S.)
• TFKable (Poland)
• Universal Cable (UAE)
• Sterlite Power (India)
• RPG Cables (KEC) (India)
• Dekoron (U.S.)
• Jiangnan Cable (China)
• Shangshang Cable (China)
• Qingdao Hanlan (China)
• Zhejiang Wanma (China)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The top industrial players along with the region that dominates the market has also been given for the readers to know.