Single Core Copper Wire Market Is Driven By Expanding Power Grid Infrastructure

The single core copper wire market consists of power distribution and telecommunication networks which require high conductivity materials like copper for signal and power transmission applications. Single core copper wires are used extensively in construction of overhead power lines, underground cables and household wiring owing to copper's high electrical conductivity. The overall structure of single core copper wire comprises of stranded copper conductors insulated by cross-linked polyethylene or polyvinyl chloride layers which provide protection against external interference. Copper is chosen as the preferred conducting material due to its malleability for drawing into thin wires and resistance to corrosion.
The Global single core copper wire market is estimated to be valued at US$ 12448.67 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.