Chinese and global aluminium alloy cable market poised to grow over 2015-2020

Replacement rate of copper by aluminium in cable manufacturing sector is increasing steadily. Currently, aluminium-replace-copper rate in China stands at a low level, barely at 3 – 5%.

In the United States, however, the aluminium alloy-replace-copper rate or almasilium-replace copper rate stands at around 70%-75%.

In Japan, too, the replacement ratio is 55%. Since, the new energy market is developing pretty fast in China, aluminium alloy cables are expected to be widely adopted in the following years.

Aluminium alloy cable has been the general product used in power transmission lines in many foreign countries.

According to the data obtained from countries using substantial quantity of aluminium alloy cables, the market has already entered the growth phase; it is here to stay and gain momentum over the next five years.

In the coming five to ten years, once the aluminium alloy cable usage in China picks up and reaches the international average level, the scenario will change and it will become an RMB 300 billion market (annually), predict industry experts.

A considerably large chunk of Chinese businesses has already started investing heavily in this emerging market only to reap benefits down five to six years from now.