The demand for tracer wire is mainly due to its wide application in various industries.
Such as natural gas industry, water & wastewater industry, power industry, telecommunication industry, etc.
An underground tracer is a cable that provides an electrical connection between live and neutral cables.
Electricity flows through these wires to provide voltage for lighting systems, heating/cooling equipment, emergency power, or other purposes.
Copper clad steel is the second most used type of tracer wire.
Because it has the characteristics of easy availability of different varieties, high corrosion resistance, and low cost.
The segment will grow owing to increasing demand from the natural gas industry for better traceability of pipeline requirements.
Additionally, use the product in water/wastewater treatment industries that are switching to clean energy sources such as solar or wind power. To minimize the carbon footprint on the environment while reducing operating costs.
Likewise, these products are widely deployed by the telecommunications industry to help monitor and repair underground copper cables.
Pure copper has better corrosion resistance than other types of tracer wire. Because of the higher level of copper coating on it.
So, as the natural gas and water/wastewater industries use more clean energy in their operations.
Like solar or wind power, the industry will grow in the coming years.
Power generation requires significant investment in underground infrastructure, mainly smart grids and renewable energy (wind turbines).
Additionally, manufacturers of commercial building-related equipment are installing sensors within buildings. to monitor building operations and provide maintenance alerts.
The natural gas industry has been one of the major contributors to the global underground tracer wire market.
The consumption in the natural gas industry is mainly due to the need for leak detection and monitoring services.
This is essential both for security purposes and for economic reasons.
Along with tighter regulation of gas leaks, tariff hikes on electricity, increased use of hydrogen fuel cells and electric vehicles.
This leads to an increase in grid capacity demand during load shedding events, a steady increase in demand for this particular industry event.
The water and wastewater industry has been another major contributor to the global underground tracer wire market.
Consumption in the water/wastewater industry is primarily due to the need for leak detection services.
This is not only essential from a security point of view.
And also because it helps them reduce operating costs.
while minimizing their carbon footprint on the environment.
While reducing operating costs.
Consumption of these products in this segment is particularly high among telecom companies which are widely deployed.
Because they work well even in the high temperature range.
And is resistant to oxidizing agents (while pure copper may be corroded by these agents).
In addition, calls for stricter regulation of natural gas leaks are growing.
Rising electricity prices, increased use of hydrogen fuel cells and electric vehicles.
This results in increased grid capacity demand during load shedding events.
The demand for tracer wire has been increasing steadily.
