Technavio, a tech-focused market research firm, has published a new report on the copper strips market in EMEA, which is expected to grow at a CAGR of close to 5% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the copper strips market in EMEA into the following key regions: Africa, Europe, and the Middle East.
Click here to request a free sample of this report
Copper strips market in Europe: Key markets for copper strips in Europe include Germany, France, Italy, and the UK. Europe’s aging power generation and distribution infrastructures are unable to meet the current demand for electricity. Therefore, utilities such as electric distribution board are expected to execute equipment upgrades, which should increase the demand for copper strips.
According to Ajay Adikari, a lead analyst at Technavio, specializing in research on metals and minerals, “The copper strips market in Europe for high-voltage and low-voltage switchgears will experience steady growth, during the forecast period. The steady growth in the market can be attributed to the use of renewable energy sources that are ready to be well-integrated and well-established into electricity grids in Europe.”
Copper strips market in the Middle East: Countries in the Middle East such as Oman and Saudi Arabia are actively promoting the use of alternative energy sources. Economic growth has made the countries in the Cooperation Council for the Arab States of the Gulf the major consumers of electricity, and therefore, electricity consumption is undergoing a double-digit growth rate. The region will require additional energy during the forecast period to meet the growing demand and hence will fuel the demand for copper sheets.
Copper strips market in Africa: The growth of the copper strips market in Africa is directly linked to the state of the electrical equipment manufacturing industry in the region. Africa is in the developing phase, and with the growing population, the demand for energy will increase in the future. The region’s power industry is under-developed compared to that in Europe and the Middle East. The industrial and residential industries in Africa experience electricity shortages, which hamper the GDP of the region and hence affect the copper strips market.
Ask an analyst to know more about this report
The top vendors operating in the copper strips market in EMEA are:
- Aurubis
- Copper and copper alloys Semifinished Products
- KME
- MKM Mansfelder Kupfer und Messing
- Wieland–Werke
Other prominent vendors in the market include Copalcor Group, Elektrosan Elektro Bakır A.Ş, Egyptian Metal Works, Eredi Gnutti Metalli Group, and Metal Gems (Mehta Group).
A more detailed analysis is available in the Technavio market research report titled, ‘Copper Strips Market in EMEA 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Copper Enameled and Bare Wire Market in EMEA 2017-2021
- Copper Pipes and Tubes Market in Europe Middle East and Africa 2017-2021
- Global Busbar Market 2016-2020
To read more press releases – click here
