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.
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.