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Copper Wire Market Size, Share & Trend Analysis Report, By Voltage (Low, Medium, High), By Application (Building Wire, Power Distribution, Automotive, Communication, Renewable Energy), By Region, And Segment Forecasts, 2025 - 2030

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  • 100 Pages
  • June 2025
  • Region: Global
  • Grand View Research
  • ID: 6111279
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Copper Wire Market Growth & Trends

The global copper wire market size is anticipated to reach USD 210.79 billion by 2030 and is anticipated to expand at a CAGR of 6.6% from 2025 to 2030. The copper wire market is experiencing sustained growth due to its fundamental role in the electricity transmission, electronics, construction, and manufacturing sectors. Copper wires are known for their superior electrical conductivity, thermal performance, and corrosion resistance, making them the preferred choice in various electrical applications. As global electricity demand rises, copper wire remains critical in connecting power generation facilities to end users across residential, commercial, and industrial sectors. Whether in traditional grids or newer smart grid systems, copper is the core material ensuring safe and efficient energy flow.

One of the major growth drivers is the global expansion of renewable energy systems, including solar, wind, and hydroelectric power. Renewable installations require a significantly higher volume of copper per megawatt than fossil fuel systems due to the decentralized nature of generation and the need for interconnection infrastructure. Copper wires are extensively used in inverters, transformers, underground cables, and grid-tie systems. As governments worldwide increase investment in clean energy to meet net-zero targets, demand for copper wire for grid integration and energy storage will continue to grow.

The electric vehicle (EV) revolution is another critical force accelerating the copper wire market. EVs require four to five times more copper than conventional vehicles, primarily for battery systems, internal wiring, and motors. In addition, the rollout of EV charging infrastructure, which includes fast chargers and public charging stations, heavily relies on copper wiring for high-capacity power delivery. With global EV adoption growing rapidly, especially in China, Europe, and North America, the copper wire market is set to benefit from both automotive production and associated infrastructure development.

Urbanization and construction activity, particularly in developing economies, further fuel market expansion. Large-scale residential and commercial developments demand extensive building wiring, while smart home technologies and building automation systems require high-performance copper cables to support connected systems. In parallel, aging infrastructure in developed regions such as North America and Europe is undergoing upgrades, leading to replacement demand for copper wires in power distribution, lighting, HVAC, and control systems. Safety standards and energy efficiency regulations also push builders and contractors to opt for high-quality copper wiring over alternatives.

Lastly, the telecommunication and data infrastructure boom is providing an additional boost. With rising internet penetration, data center expansion, and 5G deployment, copper wiring remains vital for grounding systems, local area networks (LAN), and structured cabling. While fiber optics dominate long-distance communication, copper still plays a crucial role in last-mile connectivity and environments requiring power over Ethernet (PoE). This growing digital transformation and stable industrial demand make copper wire a core material in the global transition to a more electrified and connected world.

Copper Wire Market Report Highlights

  • Low voltage dominated the market with a market share of 51.3% in 2024 due to its widespread application in residential, commercial, and light industrial sectors, driven by rapid urbanization, growing construction activities, and rising demand for energy-efficient electrical infrastructure across both developed and emerging economies.
  • Based on application, building wire dominated the market with a market share of 37.3% in 2024 driven by increasing residential and commercial construction, infrastructure modernization, and rising demand for safe, energy-efficient electrical systems in smart buildings and urban housing projects.
  • Asia Pacific is the dominant region for the copper wire market with a revenue share of over 74.0% in 2024 due to rapid industrialization, large-scale infrastructure development, expansion of power transmission networks, and strong manufacturing bases in countries such as China, India, and Japan, coupled with high demand for consumer electronics and renewable energy integration.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Data Analysis Models
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Global Copper Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales Channel Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Industry Trends
3.6.1. Trade Outlook
3.6.2. ESG Analysis
3.6.3. Economic Trends
3.7. Porter’s Five Forces Analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of Substitution
3.7.4. Threat of New Entrants
3.7.5. Competitive Rivalry
3.8. PESTLE Analysis
3.8.1. Political
3.8.2. Economic
3.8.3. Social Landscape
3.8.4. Technology
3.8.5. Environmental
3.8.6. Legal
Chapter 4. Copper Wire Market: Voltage Estimates & Trend Analysis
4.1. Copper Wire Market: Voltage Movement Analysis, 2024 & 2030
4.2. Low
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
4.3. Medium
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
4.4. High
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Copper Wire Market: Application Estimates & Trend Analysis
5.1. Copper Wire Market: Application Movement Analysis, 2024 & 2030
5.2. Building Wire
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
5.3. Power Distribution
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
5.4. Automotive
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
5.5. Communication
5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
5.6. Renewable Energy
5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Copper Wire Market: Regional Estimates & Trend Analysis
6.1. Regional Analysis, 2024 & 2030
6.2. North America
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.2.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.2.4.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.2.5.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.2.6.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.3. Europe
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.3.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.3.4.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.3.5. France
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.3.5.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.3.6. Russia
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.3.6.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.3.7. Italy
6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.3.7.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.4.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.4.4. China
6.4.4.1. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.4.5. India
6.4.5.1. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.4.7. South Korea
6.4.7.1. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.4.7.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.5. Latin America
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.5.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.6.2. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.6.4. Saudi Arabia
6.6.4.1. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.6.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
6.6.5. UAE
6.6.5.1. Market estimates and forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
6.6.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Heat Map Analysis
7.4. Vendor Landscape
7.4.1. List of equipment suppliers
7.4.2. List of distributors
7.5. List of prospective end-users
7.6. Strategy Initiatives
7.7. Company Profiles/Listing
7.7.1. Prysmian Group
7.7.1.1. Company Overview
7.7.1.2. Financial Performance
7.7.1.3. Product Benchmarking
7.7.2. Southwire Company
7.7.2.1. Company Overview
7.7.2.2. Financial Performance
7.7.2.3. Product Benchmarking
7.7.3. Nexans
7.7.3.1. Company Overview
7.7.3.2. Financial Performance
7.7.3.3. Product Benchmarking
7.7.4. Furukawa Electric Co., Ltd.
7.7.4.1. Company Overview
7.7.4.2. Financial Performance
7.7.4.3. Product Benchmarking
7.7.5. Fujikura Ltd.
7.7.5.1. Company Overview
7.7.5.2. Financial Performance
7.7.5.3. Product Benchmarking
7.7.6. Sumitomo Corporation
7.7.6.1. Company Overview
7.7.6.2. Financial Performance
7.7.6.3. Product Benchmarking
7.7.7. Belden Inc
7.7.7.1. Company Overview
7.7.7.2. Financial Performance
7.7.7.3. Product Benchmarking
7.7.8. LS Cable & System
7.7.8.1. Company Overview
7.7.8.2. Financial Performance
7.7.8.3. Product Benchmarking
7.7.9. KEI Industries Ltd
7.7.9.1. Company Overview
7.7.9.2. Financial Performance
7.7.9.3. Product Benchmarking
7.7.10. Cords Cable Industries Ltd.
7.7.10.1. Company Overview
7.7.10.2. Financial Performance
7.7.10.3. Product Benchmarking
List of Tables
Table 1 Copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 2 Copper wire market estimates and forecasts, by low voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 3 Copper wire market estimates and forecasts, by medium voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 4 Copper wire market estimates and forecasts, by high voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 5 Copper wire market estimates and forecasts, in building wire, 2018 - 2030 (USD Million) (Kilotons)
Table 6 Copper wire market estimates and forecasts, in power distribution, 2018 - 2030 (USD Million) (Kilotons)
Table 7 Copper wire market estimates and forecasts, in automotive, 2018 - 2030 (USD Million) (Kilotons)
Table 8 Copper wire market estimates and forecasts, in communication, 2018 - 2030 (USD Million) (Kilotons)
Table 9 Copper wire market estimates and forecasts, in renewable energy, 2018 - 2030 (USD Million) (Kilotons)
Table 10 North America copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 11 North America copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 12 North America copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 13 U.S. copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 14 U.S. copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 15 U.S. copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 16 Canada copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 17 Canada copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 18 Canada copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 19 Mexico copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 20 Mexico copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 21 Mexico copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 22 Europe copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 23 Europe copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 24 Europe copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 25 Germany copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 26 Germany copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 27 Germany copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 28 France copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 29 France copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 30 France copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 31 Russia copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 32 Russia copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 33 Russia copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 34 Italy copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 35 Italy copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 36 Italy copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 37 Asia Pacific copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 38 Asia Pacific copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 39 Asia Pacific copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 40 China copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 41 China copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 42 China copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 43 India copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 44 India copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 45 India copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 46 Japan copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 47 Japan copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 48 Japan copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 49 South Korea copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 50 South Korea copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 51 South Korea copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 52 Latin America copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 53 Latin America copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 54 Latin America copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 55 Brazil copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 56 Brazil copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 57 Brazil copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 58 Middle East & Africa copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 59 Middle East & Africa copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 60 Middle East & Africa copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 61 Saudi Arabia copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 62 Saudi Arabia copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 63 Saudi Arabia copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 64 UAE copper wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 65 UAE copper wire market estimates & forecasts, by voltage, 2018 - 2030 (USD Million) (Kilotons)
Table 66 UAE copper wire market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
Fig. 1 Market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Market snapshot
Fig. 6 Segmental outlook
Fig. 7 Competitive outlook
Fig. 8 Copper wire market outlook, 2018 - 2030 (USD Million) (Kilotons)
Fig. 9 Value chain analysis
Fig. 10 Market dynamics
Fig. 11 Porter’s analysis
Fig. 12 PESTEL analysis
Fig. 13 Copper wire market, by voltage: Key takeaways
Fig. 14 Copper wire market, by voltage: Market share, 2024 & 2030
Fig. 15 Copper wire market, by application: Key takeaways
Fig. 16 Copper wire market, by application: Market share, 2024 & 2030
Fig. 17 Copper wire market: regional analysis, 2024
Fig. 18 Copper wire market, by region: Key takeaways

Companies Mentioned

  • Belden Inc
  • Cords Cable Industries Ltd.
  • Fujikura Ltd.
  • Furukawa Electric Co., Ltd.
  • KEI Industries Ltd
  • LS Cable & System
  • Nexans
  • Prysmian Group
  • Southwire Company
  • Sumitomo Corporation

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