Copper Strips Market in EMEA 2017-2021

Overview of the copper strips market in EMEA

Market research analysts at Technavio have predicted that the copper strips market in EMEA will grow steadily during the next four years and in terms of volume, will post a CAGR of more than 5% by 2021. This market research analysis identifies the growth in power and electrical equipment sector as one of the primary growth factors for this market. The constant increase in the demand for electricity and the expansions of the transmission and distribution networks will result in the need for power and electrical equipment. This will consequently result in the increased demand for copper strips in power generation stations to connect the generators to step-up transformers and the transformers to switchgears. The governments of several EMEA countries are continuously increasing investments towards upgrading and establishing new T&D infrastructure to meet the increasing demand for electricity, which will significantly boost the demand for copper strips in the coming years.

One of the major trends that will gain traction in this market in the coming years is the increasing investment in smart grid networks. Since smart grid systems ensure smooth and proper transmission and distribution of electricity, there will be an increased investment from EMEA countries in smart grids. This will propel the need for the development of modular switchgears that require copper strips, in turn, fueling market growth.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of copper strip manufacturers and appears to be fragmented. Major vendors such as Aurubis, Copper and copper alloys Semifinished Products, KME, MKM Mansfelder Kupfer und Messing, and Wieland–Werke who have a vast geographical presence and huge production facilities across the globe currently dominate the market. Additionally, the market also has the presence of a number of small regional vendors who account for significant revenue shares. Product pricing, quality, reputation of the supplier, and logistics and sales network are some of the major factors the vendors usually compete on.

The leading vendors in the market are -

• Aurubis
• Copper and copper alloys Semifinished Products
• KME
• MKM Mansfelder Kupfer und Messing
• Wieland–Werke

The other prominent vendors in the market are Copalcor Group, Elektrosan Elektro Bakır A.Ş, Egyptian Metal Works, Eredi Gnutti Metalli Group, and Metal Gems (Mehta Group).

Segmentation by application and analysis of the copper strips market in EMEA

• Transformers and motors
• Switchgears
• Semiconductors and other electronics

During 2016, the transformers and motors segment accounted for the maximum shares and dominated this market. The increasing demand for reliable distribution of electric power due to the rise in urbanization in countries such as Saudi Arabia and the UAE will significantly increase the demand for transformers, in turn, propelling the growth of the market in this segment.

Geographical segmentation and analysis of the copper strips market in EMEA

• Europe
• Middle East
• Africa

This market study estimates that in terms of geographical regions, Europe will account for the major market shares and dominate this market throughout the forecast period. The usage of renewable energy sources that are ready to be integrated into electricity grids will fuel the demand for copper strips for high-voltage and low-voltage switchgears, which will fuel market growth in the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the copper strips market in EMEA?
• What are the key market trends impacting the growth of the copper strips market in EMEA?
• What are the challenges to market growth?
• Who are the key vendors in the copper strips market in EMEA?
• What are the market opportunities and threats faced by the vendors in the copper strips market in EMEA?
• Trending factors influencing the market shares of EMEA.
• What are the key outcomes of the five forces analysis of the copper strips market in EMEA?

Technavio also offers customization on reports based on specific client requirement.

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