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Copper & Copper Manufactured-Products Market
Key players in this market include AB Volvo, Uniti Sweden AB, Titoma, ALTADOX, Yamaha Motor, Samsung Electronics, Bharat Heavy Electricals Limited, & others.
PORTLAND, OREGON, UNITED STATES, October 7, 2022 /EINPresswire.com/ -- Allied Market Research published a new report, titled, "Copper & Copper Manufactured Products Market by Product Type (Architecture, Building Construction, Electrical & Electronic Devices, Industrial Machinery, Wire & Cable, Transportation, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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According to a new report published by Allied Market Research, titled, Copper & Copper Manufactured Products Market by Product Type and Geography: Global Opportunity Analysis and Industry Forecast, 2017-2023, the copper & copper manufactured products market size was valued at $140,851 million in 2016, and is projected to reach $147,623 million by 2023, growing at a CAGR of 0.8% from 2017 to 2023. Copper is said to be one of the ideal choices for a plumbing system, as its joints can withstand rapid pressure and temperature changes. Moreover, more than 85% of the U.S. homeowners have installed copper plumbing systems because it can outlast the life of home. Copper piping requires very few or less support and yet can handle extreme weather conditions. Thus, U.S. was the highest revenue country in North America in 2016.
Copper & copper manufactured products market growth is driven by rapid urbanization and industrialization in emerging economies and growth in electrical & electronics industry. In addition, continuous development in green buildings is expected to supplement the global market in the future. However, increased competition from substitutes such as PVC, aluminum, fiber, and others may impede the copper market.
Transportation is the fastest growing product type during the forecast period. The increased use of electric components, such as on-board navigation systems, anti-lock braking systems, and heated seats, has increased the demand for copper in the automobile sector. In addition, rapid increase in global demand for hybrid and electric cars has led to higher global copper consumption, thereby driving the copper & copper manufactured products market.
It has been observed that the world consumes around 20 million tons of copper every year. Copper is one of the widely used metals across a broad array of applications, including automotive, building & construction, plumbing, roofing, wall cladding, and electrical & electronic devices among others, because of its malleability and ductility. These factors have resulted in increased demand of copper across the globe. However, the lack of proper mining infrastructure and political instability have led to copper shortfalls.
However, in the global copper substitutes market, optical fiber cables are in higher demand than copper in IT sector because fiber optic transmission is faster than copper. Moreover, these cables do not break easily as copper wires do which makes it replacement cost low. Thus, the fiber optic cables are the fastest growing because it has higher bandwidth than copper, possess low attenuation, is not affected by power failures, lower installation cost, and it is quite hard to tap which results in no or low leakage.
According to a new report published by Allied Market Research, titled, Copper & Copper Manufactured Products Market by Product Type and Geography: Global Opportunity Analysis and Industry Forecast, 2017-2023, the copper & copper manufactured products market size was valued at $140,851 million in 2016, and is projected to reach $147,623 million by 2023, growing at a CAGR of 0.8% from 2017 to 2023. Copper is said to be one of the ideal choices for a plumbing system, as its joints can withstand rapid pressure and temperature changes. Moreover, more than 85% of the U.S. homeowners have installed copper plumbing systems because it can outlast the life of home. Copper piping requires very few or less support and yet can handle extreme weather conditions. Thus, U.S. was the highest revenue country in North America in 2016.
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Some of the key consumers in copper & copper manufactured products market include AB Volvo, Uniti Sweden AB, Titoma, ALTADOX INC., Yamaha Motor Co., Ltd., Samsung Electronics Co., Ltd., Bharat Heavy Electricals Limited, Genius Electrical & Electronics Pvt. Ltd., ENTECH ELECTRONICS, Casio Computer Co. Ltd., LG CORPORATION, and others.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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