Aluminum Wire Market Size Is Expected To Reach USD 34.91 Billion By 2030
San Francisco, 20 June 2023: The Report Aluminum Wire Market Size, Share & Trend Analysis Report By Grade (Electrical, Mechanical), By Application (Building & Construction, Power & Energy), By Region, And Segment Forecasts, 2023 - 2030 The global aluminum wire market size is expected to reach USD 34.91 billion by 2030, registering a CAGR of 6.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to be driven by the growing requirement of upgrading infrastructure for the electricity distribution and increasing investments in construction, automotive, telecom, power, and energy industries. Rising preference for an upgraded infrastructure with safe electrical distribution system is propelling consumption of aluminum wire in power lines, which is expected to play a key role in boosting product demand during the coming years. Moreover, growing emphasis towards lightweight materials in manufacturing electric vehicles (EVs) and ot