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At a CAGR of 5.7% between 2023 and 2030, the global pure nickel wire market is forecast to expand from its 2022 valuation of US$70.82 mln to reach US$102.26 mln by 2030. Rising demand from electronic, automotive, aerospace, and healthcare sectors, among others, is fueling the nickel wire market.
The global pure nickel wire market is predicted to expand on the back of rising demand in end-use applications such as ventilators, electronics, the automotive sector, and in response to the recent outbreak of COVID-19. Mishra Dhatu Nigam Limited, for instance, said in May 2020 that it had developed 99.6 percent pure Nickel wire of Dia 158 Microns in-house for use in ventilators. In order to aid India in its fight against COVID-19 (Coronavirus), the company has created a wire that will be utilised in oxygen sensors for critical care ventilators. The automobile Mission Plan 2016-26 is a joint effort by the Government of India and the Indian automobile industry to chart a course for the sector's future growth, as stated by the India Brand Equity Foundation (IBEF).
Demand for pure nickel wire is being fueled by the rising popularity of various types of electronic and electrical devices. The manufacturing of resistors and capacitors, two of the most fundamental elements of electronic and electrical devices, need pure nickel wire. Pure nickel wire has a substantial aftermarket in the automobile sector due to its use in the manufacturing of spark plugs, sensors, and heating elements. The need for pure nickel wire in the automotive industry is likely to expand as more people buy electric and hybrid automobiles.
The fabrication of jet engines, missile guidance systems, and satellite components all require pure nickel wire, making the aerospace and defence sectors important end-use markets for this product. Demand for pure nickel wire is anticipated to be driven by the growing demand for defence and security systems.
Manufacturers' bottom lines can be severely impacted by fluctuations in the price of nickel, the principal raw element required to make pure nickel wire. Nickel price swings have the potential to disrupt production, either causing a shortage or an excess. Pure nickel wire is increasingly threatened by cheaper and more widely available alternatives like copper and aluminium. Increases in the use of alternatives are likely to slow the market expansion for pure nickel wire.
Report Coverage
Global Pure Nickel Wire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pure Nickel Wire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pure Nickel Wire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pure Nickel Wire market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pure Nickel Wire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pure Nickel Wire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Heyco Metals, Inc., KBM Affilips, KANTHAL AB, Novametal Group, Brookfield Wire Company, Metal Associates, Kaye Corporation, Alloy Wire International Ltd., S and S Wire Products, Inc., Luma Metall AB, Wire Products Company, California Fine Wire Company, A.M. Castle & Co., ThyssenKrupp Materials NA, Inc., and Ulbrich Stainless Steels & Special Metals, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pure Nickel Wire market based on the below-mentioned segments:
Global Pure Nickel Wire Market, By Type
Soft Pure Nickel Wire
Hard Pure Nickel Wire
Global Pure Nickel Wire market, By Application
Heating Elements
Resistance Wires
Other Applications
Global Pure Nickel Wire market, Regional Analysis
The global pure nickel wire market is predicted to expand on the back of rising demand in end-use applications such as ventilators, electronics, the automotive sector, and in response to the recent outbreak of COVID-19. Mishra Dhatu Nigam Limited, for instance, said in May 2020 that it had developed 99.6 percent pure Nickel wire of Dia 158 Microns in-house for use in ventilators. In order to aid India in its fight against COVID-19 (Coronavirus), the company has created a wire that will be utilised in oxygen sensors for critical care ventilators. The automobile Mission Plan 2016-26 is a joint effort by the Government of India and the Indian automobile industry to chart a course for the sector's future growth, as stated by the India Brand Equity Foundation (IBEF).
Demand for pure nickel wire is being fueled by the rising popularity of various types of electronic and electrical devices. The manufacturing of resistors and capacitors, two of the most fundamental elements of electronic and electrical devices, need pure nickel wire. Pure nickel wire has a substantial aftermarket in the automobile sector due to its use in the manufacturing of spark plugs, sensors, and heating elements. The need for pure nickel wire in the automotive industry is likely to expand as more people buy electric and hybrid automobiles.
The fabrication of jet engines, missile guidance systems, and satellite components all require pure nickel wire, making the aerospace and defence sectors important end-use markets for this product. Demand for pure nickel wire is anticipated to be driven by the growing demand for defence and security systems.
Manufacturers' bottom lines can be severely impacted by fluctuations in the price of nickel, the principal raw element required to make pure nickel wire. Nickel price swings have the potential to disrupt production, either causing a shortage or an excess. Pure nickel wire is increasingly threatened by cheaper and more widely available alternatives like copper and aluminium. Increases in the use of alternatives are likely to slow the market expansion for pure nickel wire.
Report Coverage
Global Pure Nickel Wire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pure Nickel Wire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pure Nickel Wire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pure Nickel Wire market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Heyco Metals, Inc., KBM Affilips, KANTHAL AB, Novametal Group, Brookfield Wire Company, Metal Associates, Kaye Corporation, Alloy Wire International Ltd., S and S Wire Products, Inc., Luma Metall AB, Wire Products Company, California Fine Wire Company, A.M. Castle & Co., ThyssenKrupp Materials NA, Inc., and Ulbrich Stainless Steels & Special Metals, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Pure Nickel Wire Market from 2021 to 2030.
- Market Forecast for Pure Nickel Wire Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pure Nickel Wire competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pure Nickel Wire
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pure Nickel Wire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pure Nickel Wire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Heyco Metals, Inc., KBM Affilips, KANTHAL AB, Novametal Group, Brookfield Wire Company, Metal Associates, Kaye Corporation, Alloy Wire International Ltd., S and S Wire Products, Inc., Luma Metall AB, Wire Products Company, California Fine Wire Company, A.M. Castle & Co., ThyssenKrupp Materials NA, Inc., and Ulbrich Stainless Steels & Special Metals, Inc.
Primary Target Market
- Market Players of Pure Nickel Wire
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pure Nickel Wire market based on the below-mentioned segments:
Global Pure Nickel Wire Market, By Type
Soft Pure Nickel Wire
Hard Pure Nickel Wire
Global Pure Nickel Wire market, By Application
Heating Elements
Resistance Wires
Other Applications
Global Pure Nickel Wire market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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